Nigeria will earn over $4 billion in nominal revenue as the Federal Executive Council, FEC, on Wednesday okayed the concession of the Nnamdi Azikiwe International Airport...
The Central Bank of Nigeria (CBN) has proposed a solution to enhancing credit accessibility within the country. It suggests that banks upgrade their Automated Teller Machines...
The apex bank has authorized representatives of foreign banks in Nigeria to collaborate with their parent companies in providing and syndicating foreign currency-denominated loans (specifically, dollar...
The Central Bank of Nigeria has clarified that Bank Verification Number, BVN, has no expiry date contrary to claims making the round. The apex bank’s explanation...
The Governor of the Central Bank of Nigeria, Godwin Emefiele, said that the ‘Race to USD200bn In FX Repatriation’ programme of the bank had boosted the...
Nigerian commercial banks have been warned against harbouring and backing unlicensed foreign firms. To improve the country’s financial sector, the Central Bank of Nigeria issued this...
…Set to mitigate inconveniences ahead Dec 31 deadline for cashless policy The Central Bank of Nigeria (CBN) has revealed that it is set to issue guidelines...
The Central Bank of Nigeria, CBN, has said it will soon audit the nation’s payment system in order to cope with future growth in electronic banking...
As part of a larger effort to strengthening the banking sector in Nigeria, the Central Bank of Nigeria (CBN) recently announced the closure of 31 banks...
Currency Outside Banks, CoB, rose Month-on-Month (MoM) by 66 per cent to N1.4 trillion in March from N843 billion in February 2023. This reflects the impact...