A Central Bank of Nigeria (CBN) licensed International Money Transfer Operator (IMTO), MoMo Payment Service Bank (MoMo PSB) have announced their strategic partnership to facilitate seamless inbound and outbound transfers across Africa, as well as convenient bill payment services. The…
A High Court of the Federal Capital Territory FCT on Wednesday struck out two separate fundamental rights enforcement suits instituted against the Attorney General of the Federation, AGF, and the Department of State Services, DSS, by two siblings of the…
Strong indications have emerged that the planned arraignment of the suspended Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele, on alleged breach of procurement laws and contract inflation has been put off indefinitely. The arraignment on a 20-count…
The poise of e-fraudsters has become a major concern to the Central Bank of Nigeria (CBN), its Director, Payment Systems Management, Musa Jimoh. Jimoh said during the Nigerian Electronic Fraud Forum (NeFF) third quarter general meeting in Lagos that there…
Bureau De Change Operators in Nigeria have agreed with the acting CBN Governor that most transfers conducted by the International Money Transfer Operators (IMTOs) have been diverted and are not being tracked. The acting CBN Governor, Folashodun Shonubi, had earlier…
…Kicks against the recognition of BDCs as unofficial markets The Lagos Chamber of Commerce and Industry (LCCI) has called for an institutional reorganisation of the Nigerian National Petroleum Company Limited (NNPCL) and the Central Bank of Nigeria (CBN). This stated at…
The Central Bank of Nigeria intervention in the power, manufacturing and aviation sectors have risen to N5.6trillion in three years. The soft loans were advanced amid the continued and varied challenges facing the key sectors of the economy. The apex…
The Central Bank of Nigeria disbursed loans and advances worth N37.6billion to mortgage banks in 2022; the audited financial statement of the apex bank has shown. The mortgage banks that received the loans from the CBN include the Federal Mortgage…
The Central Bank of Nigeria (CBN) has unveiled a series of operational changes for the Bureau de Change (BDC) operations. This is according to a circular dated August 17, by and signed the apex bank’s Director, Trade & Exchange Department,…
By Sodiq Adelakun Following a warning by the Central Bank of Nigeria to those involved in speculation in the foreign exchange market including the parallel market, the Naira on Wednesday gained against dollar as demand in the parallel segment of…
