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The Central Bank of Nigeria (CBN) has revised its guidelines on the management of dormant accounts, removing the mandatory requirement for affidavits when customers seek to reactivate such accounts. In a circular dated March 12, 2026, and issued to banks…
Read moreFirst Trustees has joined forces with Nairametrics to support the upcoming Money Fair, reinforcing efforts to promote financial literacy, investment awareness, and responsible wealth management across Nigeria. The event is structured around the WISE framework, which focuses on Wealth creation, Investment opportunities, Savings culture, and…
Read moreThe Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has said Nigerians deserve palliatives from increased revenue, given the rising crude oil price. PETROAN President, Dr. Billy Gillis-Harry, made this known in an interview with Nairametrics on Saturday. His…
Read moreThe Central Bank of Nigeria (CBN) has set a maximum transaction limit of N20,000 within the first 24 hours of activating a mobile banking application on a new device. This is contained in a CBN circular issued to all financial…
Read moreI write with joy as an alumnus of the FCMB Group. I have just seen a report suggesting that the group has met the statutory capital requirement. They have hit the N500 billion mark and retained their international banking licence.…
Read moreThe Central Bank of Nigeria (CBN) has introduced stricter controls on suspected fraudulent transactions, BVN enrolment, and data access within the banking system. The post CBN tightens BVN rules, introduces fraud watchlist for banking customers appeared first on Nairametrics.
Read moreFrance and Italy have opened talks with Iran as they reportedly seek to negotiate a deal to guarantee safe passage for their ships through the Strait of Hormuz. Reuters cited a Financial Times report on Friday, which stated that the…
Read morePresident Bola Ahmed Tinubu has approved the establishment of a Presidential Petroleum Reform & Value Optimisation Taskforce aimed at accelerating structural reforms in Nigeria’s petroleum sector and unlocking billions of dollars in capital for the industry. The initiative, announced in…
Read moreA Federal High Court in Ikoyi, Lagos, has ordered the temporary seizure of a N1.3 billion hotel linked to Edward Olutoke, Managing Director of the Ikeja Chamber of Commerce, Industry and Agriculture, over an alleged forex and investment fraud. The…
Read moreGovernor Babagana Zulum has approved the immediate recruitment of 473 medical personnel and a 40 per cent rural posting allowance for nurses to strengthen healthcare delivery across Borno State. The development was disclosed in Maiduguri by Prof. Abubakar Kullima, Chief Medical Director…
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