The Central Bank of Nigeria (CBN) has clarified that there are no hidden charges attached to transactions on Non-Resident Bank Verification Number (NRBVN) platform. The apex bank affirmed that no hidden fees have been introduced and that the BVN enrolment for Nigerians residing within the country remains entirely free of charge. The bank’s Acting Director…
Debt Management Office (DMO) promissory notes issuance on behalf of Federal Government fell by 15.6 per cent in the first quarter (Q1) of this year. According to the DMO, the notes fell from N1.542 trillion to N1.301 trillion, reflecting the recent Federal Government’s efforts to settle verified obligations and improve confidence among key stakeholders in…
The Central Bank of Nigeria (CBN) will continue to grow the nation’s net foreign reserves beyond the level stipulated by the International Monetary Fund (IMF) to ensure the economy remains safe and healthy, CBN Governor Olayemi Cardoso, said yesterday after the Monetary Policy Committee (MPC) meeting, where key interest rates were held steady for the…
The Centre for Infrastructural and Technological Advancement for the Blind (CITAB) has accused Nigerian banks of perpetrating discriminatory practices against visually impaired persons in the country. Its Executive Director, Jolomi Fenemigho, in a statement in Lagos, urged the Central Bank of Nigeria (CBN) and the National Commission for Persons with Disabilities (NCPWD) to urgently address…
