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CBN Okays 48 Int’l Money Transfer Operators

The Central Bank of Nigeria, CBN,  has published a list of the international money transfer operators (IMTOs) approved for diaspora remittances. The bank had earlier...
Banking

FCMB Introduces Paperless, Cardless Transactions At Branches, ATMs, POS Terminals

By Abiola Olawale The First City Monument Bank (FCMB) has upscaled its operations, and service to Nigerians as it introduced a cardless biometric transaction policy. FCMB...
Banking

Zenith Bank Emerges Nigeria’s Biggest Bank By Asset

By Hamilton Nwosa (The New Diplomat’s Head, Polls & Data Tracking Desk) A 34 per cent surge in its asset base in 2020, has lifted...
Banking

Bitcoin Hits Record High Above $43,000

Bitoin hit a record-high above $43,000 on Monday after electric carmaker Tesla invested $1.5 billion in the digital currency. Bitcoin hit $43,725.51 around 1300 GMT,...
Banking

Cryptocurrency Ban: CBN Gives Copius Reasons For Action Amid Outrage

From Segun Amure, (The New Diplomat's Abuja Bureau) The Central Bank of Nigeria (CBN) has given reasons on its enforcement of ban on cryptocurrencies in...
Banking

Breaking! CBN Orders Banks To Close Accounts Linked To Cryptocurrency Trading [Letter]

From Segun Amure, (The New Diplomat's Abuja Bureau) The Federal government of Nigeria through its apex bank, Central Bank of Nigeria (CBN) on Friday, directed...
Banking

10 Takeaways From Joe Biden Inaugural Address

  From Segun Amure, (The New Diplomat's, Abuja Bureau) The United States on Wednesday, 20th January, 2021 sworn-in President Joe Biden as the 46th President of...
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