CBN Releases Guidelines to Banks Seeking Licence Conversion
Justice Godfrey Okamgba The Central Bank of Nigeria (CBN) has issued guidelines on the processes, requirements, and qualifications expected of microfinance,…
CBN
FG Borrowing from CBN Hits N28.43tn Amid Economic Woes
The Federal Government’s (FG) borrowing rate from the Central Bank of Nigeria (CBN) increased by 93.21 percent between…
Afreximbank Provides $350K Funding for Nigeria Inland Waterways Development
The African Export-Import Bank (Afreximbank) has given Nigeria a $350,000 grant for the development of inland waterways along…
Nigeria’s FPI, FDI at the Lowest Level in the Last 6 years
Afrinvest Limited, a wealth advisory firm said Nigeria’s Foreign Portfolio Investment (FPI) and Foreign Direct Investment (FDI) are…
NEMSF-2: CBN gives N3.01bn to Electricity Distribution Companies
The intervention of the Central Bank of Nigeria (CBN) in the electricity sector resulted in the release of…
Cash Crunch: CBN Directs Banks to Open on Saturday, Sunday
In a move aimed at alleviating people’s pains due to naira scarcity, the Central Bank of Nigeria (CBN)…
Nigeria’s Digital Currency Transactions up by 63%
According to Nigerian Central Bank Governor Godwin Emefiele, central bank digital currency or e-naira transactions have increased 63%…
Analysts Warn CBN of Continued Increase on Interest Rate to Combat Inflation
The Central Bank of Nigeria (CBN) continued to increase the Monetary Policy Rate (MPR), otherwise known as the…
CBN Disburses N12.65bn to Farmers in Two Months
According to the Central Bank of Nigeria (CBN), it has disbursed N12.65 billion to farmers through its anchor…
First Bank is now Accepting Applications for Magt Associate Program
The third season of the FirstBank Management Associate Program (FMAP) has been announced by First Bank of Nigeria…
CBN Raises Interest Rate from 17.5% to 18%
Central Bank of Nigeria (CBN) raised the Monetary Policy Rate from 17.5 percent to 18 percent to curb…
Despite CBN’s Compliance with Supreme Court, it’s Still Almost a “no Show”
With the recent compliance of the CBN with the Supreme Court’s verdict, banks have been instructed to make…
Emefiele Tasks African Regulators to Avoid Bank Failure
Mr. Godwin Emefiele, Governor of the Central Bank of Nigeria, has urged Central Bank Governors and other African…
NCC Defends Telcos over Series of Failed ePayment Transactions
The value of e-payment transactions dropped to N37.67 trillion in February 2023, largely due to the lack of…
CBN’s Naira Redesign Policy did not Improve Electronic Payments
ePayment recorded a series of failed transactions in February – it nosedived by 4.83 percent to N37.67 trillion,…