By Kayode Tokede The Central Bank of Nigeria (CBN) has directed commercial banks and other financial institutions to, henceforth, accept Machine Readable Travel Documents (MRCTD) and Refugee Identification Card, as means of identification for financial transactions. The directive was given…
The Central Bank of Nigeria (CBN) has disclosed that total remittances from Diaspora dropped by 71.2 per cent to $5.5billion in 2020 to undermined the effect of global COVID-19 lockdown. The international payments data of the apex bank revealed that…
The Federal High Court, Abuja, on Wednesday, ordered the Central Bank of Nigeria (CBN) to unfreeze the bank accounts of the 20 #EndSARS promoters. Justice Ahmed Mohammed gave the ruling following the agreement reached by parties in the suit to…
By Ogaga Ariemu The Central Bank of Nigeria’s (CBN), recent restrictions on cryptocurrency has sparked several debates amongst Nigerians with vary viewpoints, however the Apex bank’s action has become a major blow to Nigeria’s Digital Economy. This is so because…
By Kayode Tokede with News Agency Capital Market experts on Monday expressed optimism that the ban on cryptocurrencies by the Central Bank of Nigeria (CBN) would likely trigger enhanced activities in the nation’s stock market. They said this in an…
By Idris Bakare Amid critic from stakeholders, the Central Bank of Nigeria “CBN) has said it does not plan going back on its latest policy on cryptocurrency ban on Deposit Money Banks (DBMs) and Other Financial Institutions (OFIs). The bank,…
By Joshua Elekwachi, Abuja Mixed reactions have continued to trail Central Bank of Nigeria’s (CBN) directive to all banks and other financial institutions to close accounts of persons or entities involved in cryptocurrency transactions within their systems. In January 2017,…
By Joshua Elekwachi, Abuja The Central Bank of Nigeria (CBN) has said country’s foreign reserves gained $929.2million in January to $36.3 billion from $35.37billion it opened 2021. The gain of foreign reserves in January, according to analysts was due to…
The Governor of Central Bank Governor, Mr Godwin Emefiele, says that the bank will partner government and relevant private sector organisations to provide modern facilities in the heath sector and sponsor research on Coronavirus Disease (COVID-19) in the country. Emefiele…
The Central Bank of Nigeria (CBN) has warned commercial banks and other financial institutions to desist from dealing in crypto currencies as it is illegal. The apex bank stated this on Friday in a statement on its official website by…
