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Tag: CBN
CBN warns – banks to pay N10,000 fine if money transfer exceeds four minutes
September 18, 2018
The Central Bank of Nigeria (CBN) says banks will pay a fine of N10,000 for every money transfer that exceeds four minutes. The apex bank made this known in a circular, ‘Circular on the regulation ...
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ANALYSIS: MTN’s history of controversies, violation of Nigeria’s laws
September 13, 2018
MTN Nigeria is steadily, but unconsciously, erecting for itself a notorious reputation for romancing with controversy. It might be a leader in the telecoms sector today (in terms of subscriber base), but since berthing in ...
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NCC intervenes in CBN, MTN dispute
September 12, 2018
The Nigerian Communications Commission (NCC) says it hopes that there will be an amicable resolution between the Central Bank of Nigeria and MTN. The financial regulator had ordered MTN to refund the $8.1 billion it ...
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