Emefiele says Transaction Volume via E-channels Increased by 836%
According to Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN), the number of transactions conducted online climbed by ...
Tag: CBN
“New Naira Note is Still in Circulation”, says CBN
Plans to phase out the currently in use new Naira Notes have been vetoed by the Central Bank of Nigeria. ...
CBN says Cash Outside Banks up 66% to N1.4 trn
Money held outside of banks (CoB) increased monthly (MoM) by 66 percent from N843 billion in February 2023 to N1.4 ...
![[BREAKING] FG Suspends Removal of Fuel Subsidy](https://techeconomy.ng/wp-content/uploads/2023/04/images-14.jpeg)
[BREAKING] FG Suspends Removal of Fuel Subsidy
The anticipated removal of subsidies on petroleum products after the end of President Muhammadu Buhari's administration has been put on ...
World Bank says Nigerians Abroad Remitted $168bn in Eight Years
Acording to a World Bank estimate, the Nigerian diaspora sent $168.33 billion to Nigeria over the course of the previous ...
Petrol Price Increases by 42.63% a Litre in One Year – NBS
National Bureau of Statistics (NBS), said on Monday, that the average retail price of a litre of petrol has increased ...
Nigerian Banks: Jobs, Age and Certificate Discriminations
Nigeria's high unemployment rate is alarmingly rising and is projected to hit 40 percent before the end of 2023, and ...
FG Okays N3.4 billion for Customs to Procure Aircraft
The Nigeria Customs Service has been given permission by the Federal Government to spend N3.4 billion on an aircraft Clement ...
After Shutting Down Operations, Paxful CEO Resigns
Ray Youssef, the CEO of the popular peer-to-peer cryptocurrency exchange, Paxful, announced his resignation from the company. On the 17th, ...
Scarcity of New Naira Notes Sends Mixed Signals amid CBN’s 31st Dec. Deadline
The low circulation of the new naira notes (N200, N500, N1000) in the country is sending a mixed signal that ...
Finance Minister Explains how Nigeria Intends to Disburse $800m Palliative
In a move aimed at ameliorate the pains that will come with removal of fuel subsidy after June, the Nigerian ...
CBN says Unclaimed Monies in Dormant Accounts to be Invested in T-Bills
The Central Bank of Nigeria is proposing to mop up funds in accounts that have been dormant for up to ...
Revisiting CBN’s Proposed Cryptocurrency Regulation
The Central Bank of Nigeria (CBN) is yet to release a documented regulatory framework for cryptocurrency after it restricted banks ...
Finance Guru Outlines Strategies to be Smarter with Money in 2023
Financial freedom is characterized by having enough money and resources to cover all of one's expenses and meet one's financial ...
Digital Lenders Restricted to Access Customers’ Contact, Photos
More measures to ensure privacy have been put in place to ensure that digital lenders, otherwise known as loan apps, ...