CBN Approves Dollar Sales by Payment Service Banks by Justice Godfrey Okamgba October 24, 2022 0 Finance The PSBs are required to comply with relevant extant regulations and CBN’s prudential guidelines and circulars which are issued periodically. Read more
CBN Celebrates as eNaira Clocks 1 by Justice Godfrey Okamgba October 21, 2022 0 Finance On Monday, October 25, 2021, in the State House in Aso Villa, President Muhammadu Buhari formally introduced the digital currency. Read more
CBN, NIBSS, to Introduce National Card Scheme by Justice Godfrey Okamgba October 21, 2022 0 Finance “Part of the proposition of the bank is that this National Domestic Card scheme will be created to help drive ... Read more
FG to Convert CBN Loans to Bonds over a 40-year Period by Justice Godfrey Okamgba October 20, 2022 0 Finance Government's contingent liabilities as a share of GDP fell from 2.75% in 2020 to 2.64% in 2021 Read more
CBN to Consider Different Exchange Windows for Manufacturers by Justice Godfrey Okamgba October 17, 2022 1 Commerce Manufacturers said that other nations, such as South Africa, previously supported these measures as a way to promote industrial activity. Read more
CBN Governor Bags Euroknowledge Award for Digital Transformation by Justice Godfrey Okamgba October 15, 2022 0 Finance ...Emefiele woos investors Read more
CBN Releases Guidelines to Representative Offices of Foreign Banks in Nigeria by Justice Godfrey Okamgba October 14, 2022 0 Finance CBN would require that foreign banks pay a non-refundable application charge of N5,000,000 and a non-refundable license fee of N10,000,000. Read more
CBN to Suspend Sale of Polaris Bank, According to Lawmakers by Justice Godfrey Okamgba October 12, 2022 1 Finance The suspension will last until the Asset Management Corporation of Nigeria (AMCON) and the Nigeria Deposit Insurance Corporation (NDIC) had ... Read more
Nigerian Government Spends $100m Feeding 10m School Children by Justice Godfrey Okamgba October 8, 2022 0 Finance According to the Federal Government, the National School Feeding Program cost approximately $100 million to feed 10 million Nigerian children. ... Read more
Bill Seeking to Remove CBN Governor as Board Chairman Catastrophic by Justice Godfrey Okamgba September 30, 2022 0 Finance ... if allowed would make the CBN a, “statutory corporation under the law, to become a ministry or a mere ... Read more
Pressure Heightens as Naira Crashes to N730/$ at Black Market by Justice Godfrey Okamgba September 29, 2022 0 Finance The value of the Nigerian Naira plunged to a new record low on Thursday morning, trading at a minimum of ... Read more
Airlines: CBN says all Trapped Funds Must not be Repatriated in Dollars by Justice Godfrey Okamgba September 28, 2022 0 Finance The CBN had also intervened by releasing $265 million to clear part of the forex backlog. Read more
eNaira Records over 1.49m Transactions Worth N3.484b by Justice Godfrey Okamgba September 28, 2022 0 Finance For e-commerce, we have seen a 9.946 percent increase between July and September, and this remains very encouraging. Read more
BREAKING: CBN Increases Interest Rate from 14% to 15.5% by Justice Godfrey Okamgba September 27, 2022 0 Finance To combat growing inflation, the Central Bank of Nigeria's (CBN) policy-setting council increased the Monetary Policy Rate (MPR), which measures ... Read more
CBN Disburses N41bn to Wheat Farmers Amid Russia-Ukraine Wars by Justice Godfrey Okamgba September 27, 2022 0 Finance Wheat farmers received N41 billion in intervention funds to help with output, according to Heritage Bank Executive Director George Oko-Oboh, ... Read more