Naira Redenomination: How Mischief Makers Tweaked an Old SMS to Mislead the Public
….CBN Says No Such Plan The Central Bank of Nigeria has denounced reports in the media which suggest that the apex bank is in the...
Category : Banking and Finance
FG Restates Commitment to Implement Financial Inclusion Across All MDAs
The Federal Government has reiterated its determination for full implementation of financial inclusion in all Ministries, Departments and Agencies. The Director Economic Research and Policy...
Federation Account: FG, States, LGCs Share N903.480bn for September 2023
………from Gross Total of N1594.763 trn The Federation Account Allocation Committee (FAAC), at its Meeting chaired by the Honourable Minister of Finance and Co-Ordinating Minister...
CBN Lifts 8-Year Restriction on 43 Items, Commits to FOREX Market Liquidity
The Central Bank of Nigeria (CBN) has lifted the restriction on 43 items which were barred from accessing foreign exchange via the official window by...
Kayi App Secures Regulatory Approval, Promises Banking Without Limits
Kayi App (www.kayi.ng), a secure and innovative pan-African Digital Payment Platform, today announced it has obtained necessary regulatory approvals to launch in Nigeria to accelerate...
Pending Senate Confirmation Cardoso to Act as CBN Governor
…. With Deputy Governors Designates in Tow President Bola Tinubu’s nominee for the position of Governor of the Central Bank of Nigeria Dr. Olayemi Michael...
UBA Announces N10.5m Prizes for 2023 Essay Competition
The United Bank for Africa has announced a total of N10.5m in educational grants to be won by the winners of its 2023 National Essay...
BDCs To Lose Licences for Failure to Render Returns
The Central Bank of Nigeria has warned Bureau De Change (BDC) operators to ensure regular and timely rendition of statutory returns to avoid sanctions which...
WHICH PRAYER SHOULD GOD HEARKEN TO?
Our matter is very complicated. It will take a very determined government and DIVINE INTERVENTION to rescue the naira from the progressive slide.Why do I...
Nigeria’s Apex Bank Upgrades Continental Payment Systems Guidelines, Sets Quarterly Limits
The Central Bank of Nigeria has provided additional clarifications to the circular on the Pan African Payments and Settlements System (PAPSS) which was first issued...