The apex bank gave this directive on Friday in a circular to all banks and other financial institutions and payment service providers (PSP).
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The stamp duty or electronic money transfer levy (EMTL) is a single, one-off charge of N50 on electronic receipt or transfer of money deposited in any commercial money bank or financial institution on any type of account on sums of N10,000 and above.
Otedola made the disclosure in his forthcoming memoir, ‘Making It Big: Lessons from a Life in Business,’ published by FO Books and scheduled for release on August 18, 2025.
Form A is an application form designed by the Central Bank of Nigeria (CBN) to pay for service transactions (invisible trade).
A statement by the NOA’s Deputy Director of Communications and Media, Paul Odenyi, on Sunday confirmed the shortchanging of students.
This is in spite of diverse transaction and service complaints, customer dissatisfaction, and the country’s challenging economic situation.
The three new banks will operate alongside Ja’iz Bank, thus bringing the total number of participating financial institutions to four.
The warning was contained in a circular by the CBN Acting Director, Currency Operations Department, Mohammed Solaja.
This was contained in a statement by the CBN’s Acting Director of Corporate Communications, Hakama Sidi-Ali.
The apex bank spoke in a statement signed by the Acting Director of Corporate Communications, Hakama Sidi-Ali.
Some affiliates of the Nigeria Labour Congress (NLC) in Abuja, have adhered to the directives by the congress to embark on a two -day nationwide warning strike.
Deposit money banks in Nigeria have reported a sharp rise in fraud cases and the amount of money lost in the second quarter of 2023, Q2’23.
The Association of Corporate Affairs Managers of Banks has urged traditional financial institutions to embrace innovation and adapt in a changing environment to remain relevant.
Shortly after information filtered in that the CBN has directed the acceptance of the notes, it disowned the information.
The News Agency of Nigeria (NAN) reports that Google defines man-hour as an hour regarded in terms of the amount of work that can be done by one person within this period.
A large number of residents also stayed indoors for fear of being attacked.
Banks, markets, shops and schools refused to open while most of the workforce in the state stayed indoors.
The News Agency of Nigeria correspondent reports that joint security personnel were enforcing the curfew imposed on the state as roads were deserted, vehicular and human movements were also affected and restricted by the curfew.
Speaking at a virtual media briefing on Monday, the Commissioner for the Environment and Water Resources, Tunji Bello, said these guidelines were measures adopted to ensure that the community transmission of COVID-19 pandemic is curtailed
The set of new guidelines, Governor Babajide Sanwo-Olu said in his ninth briefing at the State House in Marina, are to safeguard the gains which had been made in the past four weeks in the fight against the Coronavirus pandemic