The Nigerian Communications Commission (NCC) has collaborated with the Association for Progressive Communications and other…
Tag: Central Bank of Nigeria (CBN)
How to Make PoS Registration a Win-Win for Nigeria’s Financial Future
By Elvis Eromosele The Central Bank of Nigeria (CBN) recently mandated that all Point of Sales (PoS)…
REMITA Was Selected Based on Merit – CBN
The Director of Banking Services, Central Bank of Nigeria (CBN), Hamisu Abdullahi, highlighted the merit-based selection…
CBN Increases Interest Rate to 24.75%
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has hiked the benchmark…
First Bank Holdings to Raise N150 Billion Additional Capital Raise
First Bank Holding Plc, one of the nation’s premier commercial banks will seek shareholders’ approval to…
CBN Debunks Fake News Titled “Fresh Plot Against President-Elect Tinubu”
Central Bank of Nigeria (CBN) has debunked a story published in The Nation newspaper of Monday,…
CBN Gives Reasons for Naira Scarcity, Blames Hoarding, Others
After fierce resistance, protracted heat on Nigerians and aggressive reactions leading to protest, authorities of the…
Naira Redesign Disrupts Kidnappers, Currency Hoarders, Speculators’ Activities – CBN Governor
The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has said that he…
Interswitch Secures CBN Payment Service Holding Company (PSHC) License
…Restates strong commitment to enabling Africa’s payment ecosystem. Interswitch Group (‘Interswitch’ or ‘The Company’), one of…
CBN Kicks Against Sales of New Naira Notes
…Moves to Checkmate Banks Dispensing Old Notes The Central Bank of Nigeria, CBN has frowned against…
Emefiele Flags-Off Second Phase of eNaira Project
…Restates Commitment to Development of Financial Sector The Governor, Central Bank of Nigeria (CBN), Mr. Godwin…
Speculators Crumbled Naira to N700/$1 – BDC Operators
Representatives of Bureaux de Change (BDC) operators in the Federal Capital Territory (FCT) Abuja have admitted…
CBN Allays Nigerians Fears on Foreign Exchange
In the face of rising demand for foreign exchange for both goods and services by Nigerians,…
Dangote Urges CBN to Replicate Rice Production Feat in Other Sectors
…Experts canvass robust non-oil export trade, technology to boost Nigeria’s economy President of Dangote Group, Alhaji Aliko Dangote,…
Exporters Recieves N20 Billion Rebate from RT200 FX – CBN
The Governor, Central Bank of Nigeria, Godwin Emefiele, has said that the bank paid eligible exporters…
CBN Unveils Guidelines to Expand, Address Gaps in Digital Financial Services
The Central Bank of Nigeria has developed the digital financial services awareness guidelines to address gaps…
NCC Pledges to Support Financial Inclusion Drive Through Robust Infrastructure, Broadband
The Nigerian Telecommunications Regulator has said one of the strategies adopted by the Commission to ensure…
CBN Faults Misleading Report on Payment of Overseas Tuition
The Central Bank of Nigeria (CBN) has faulted reports in media circles suggesting that the payments…
e-Payment Transactions Grew by 66% to N330 Trillion in 2021 -CBN
The Central Bank of Nigeria has revealed that electronic transactions (e-payment transactions) in Nigeria increased by…
SEC Issues New Regulations on Cryptocurrencies, Digital Assets in Nigeria
The Securities and Exchange Commission (SEC) has released a set of new regulations guiding the issuance,…
Interswitch Collaborates with Industry Stakeholders for The Future of Payment and Fraud Conference
In light of advancements in global payment systems, Africa’s leading integrated payments and digital commerce company,…
Anchor Borrowers’ Programme: CBN Disburses N948 Billion To Smallholder Farmers
The Central Bank of Nigeria (CBN) says it has disbursed N948 billion to 4,478,381 smallholder farmers…
CBN to Fine Banks N400 for Every Mutilated N100 Note Included In Deposits
The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMB) to stop including mutilated…
Women Recieves N203.3 billion Credit from CBN Intervention Programs
The Central Bank of Nigeria (CBN) has disclosed that Nigerian women have received credits from its…
CBN Disburses N368 Billion to 778,000 Households, SMEs Beneficiaries
The Central Bank of Nigeria (CBN) said it has disbursed N368.79 billion to over 778,000 comprising…
CBN Urges Nigerians to Embrace eNaira
The Central Bank of Nigeria (CBN), on Thursday, said that the introduction of eNaira in the…
CBN Pushes Single-digit Interest Rates on Intervention Facilities to 2023
…says CBN has provided over N3 trillion in intervention loans to date The Central Bank of…
Ecobank Nigeria Improves Neighbourhoood Banking With 50,000 Agent Points
Ecobank Nigeria says its vision to use its agency banking scheme to drive financial inclusion is fast…
CBN Urges Cement Manufactures to Slash Prices
The Central Bank of Nigeria (CBN) has appealed to cement manufacturers to consider reducing the high…
AfCFTA to Grow States Export Capacity to $1.2 Billion
The Senior Special Assistant to the President on Public Sector Matters and the Secretary, National Action…
CBN Promises Forex to Foreign Investors Seeking to Repatriate Investments
The Central Bank of Nigeria has said that it will give priority to foreign investors seeking…
MTN Nigeria Gets Approval-in-Principle From CBN to Launch Momo Payment Service Bank
MTN Nigeria Communications Plc announced that it has obtained an Approval-in-Principle (AIP) from the Central bank…
CBN Moves to Bar BVN Violators, Watch-Listed Customers from Banking Services
In its bid to address the increasing incidence of frauds and to enhance public confidence in…
Financing Gap for MSMEs Estimated at N617.3 Billion Annually Pre-Covid-19 – CBN
…Tasks Fiscal Authorities on Collaborations to Address Access to Finance, Infrastructure Needs The Governor of the…
Naira4Dollar: Diaspora Remittances Hit $34 Billion, Increases by $9 Billion
…As Nigerian Migrant Workers Top List The Naira4Dollar policy of the Central Bank of Nigeria (CBN)…
CBN Unveils Guidelines on e-Naira, Transaction Cost for eWallet
The Central Bank of Nigeria recently sent a presentation to Nigerian banks about the e-Naira project,…
Nigerian Banking Industry Suffers 27% Drop in e-Banking Income
A new report by Agusto & Co. Limited has shown that in the 2020 fiscal year,…
CBN to Prosecute Bank Customers Who Present Fake Travel Documents for FX Request
Bank customers who present fake travel documents for foreign exchange (FX) requests are at risk of…