The Central Bank of Nigeria (CBN) plans to introduce digital currency before the end of the year, its Director Information Technology, Rakiya Mohammed, said on Thursday. Speaking at the end of 306th Bankers’ Committee Meeting, she said the currency will be accessible to all Nigerians. Admitting the risks associated with the proposed digital currency, the […]Read More
Microfinance Bank operators in the country have commended the Central Bank of Nigeria, CBN, for reviewing the minimum capital requirement for the industry as well as the extension of the recapitalisation deadline. ADVERTISING ADVERTISING Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele Last year, the CBN raised the minimum capital base for the three […]Read More
Nigerians opened 11.2 million bank accounts in the first half of 2018 (H1’2018) comprising 8.3 million savings accounts and 1.8 million current accounts. However, the number of inactive bank accounts rose by one million during the period. Nigeria Inter-Bank Settlement System (NIBSS) showed that the number of bank accounts opened by Nigerians rose to 111.4 […]Read More
Hackers Steal Customers’ Details At Bank Of Thailand The Bank of Thailand (BOT) has confirmed that hackers have stolen information of more than 120,000 customers in a massive data breach into two major commercial banks. Cybersecurity operators at BOT have vowed to step up security measures and oversight after Kasikornbank […]Read More
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