CBN suspends cash deposit fees until September 30, 2024. New directive mandates 0.5% cybersecurity levy on electronic transactions. Financial institutions deduct levy at transfer origin, remit to National Cybersecurity Fund. EKO HOT BLOG reports that the Central Bank of Nigeria (CBN) has announced the suspension of cash deposit fees for customers until September 30, 2024. This … Read more
EKO HOT BLOG reports that the Central Bank of Nigeria (CBN) has lifted the ban on cryptocurrency assets in the country and asked banks to disregard its earlier ban on crypto transactions. The apex bank’s Director of Financial Policy and Regulation Department, Haruna Mustafa, made this known in a circular dated Friday, December 22, 2023 EDITOR’S … Read more
The Office of the Public Private Partnership has met with stakeholders on how to foster human capital development, boost a friendlier business environment within government Ministries, Departments and Agencies (MDA’s). Eko Hot Blog reports that the Special Adviser to the State Governor on PPP, Mr. Ope George while speaking at the Y2022 PPP Ambassadors’ … Read more
The Federal Competition and Consumer Protection Commission on Tuesday stopped the additional N50 charge currently being imposed on transactions conducted through Point of Sales Terminal. According The Punch, the FCCPC issued the directive in a statement personally signed by its Chief Executive Officer, Mr Babatunde Itukera and made available to newsmen in Abuja. Ekohotblog recalls … Read more