NCC and CBN direct banks and telecoms to resolve N250bn USSD debt. 60% of pre-API invoices due by January 2025, full payment by July 2025. 85% of post-API debts to be paid by December 31, 2024. The Nigerian Communications Commission (NCC) and the Central Bank of Nigeria (CBN) have directed Mobile Network Operators (MNOs) and … Read more
EKO HOT BLOG reports that customers have been warned that old standard cheques will not be accepted and will not be cleared from January 1, 2024. Deposit Money Banks (DMB) in Nigeria have confirmed they will be complying with CBN’s instruction to stop the issuance and acceptance of old cheques by December 31, 2023. According … Read more
CBN to stop dollar sales to banks by end of 2022, says they must start sourcing FX from export proceeds EKO HOT BLOG reports that the Central Bank of Nigeria (CBN) has said that it would discontinue the sale of foreign exchange to Deposit Money Banks (DMB) by the end of the year. The CBN … Read more