Recently, the Central Bank of Nigeria (CBN) gave banks and other financial institutions a 30-day timeline to close accounts without Bank Verification (BVN) which is a good omen to end the incessant diversion of funds by public Officers and government…
…Apex bank actively working on resolving the situation — Emefiele By Sodiq Adelakun The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has addressed the ongoing disagreement between telecoms firms and deposit money banks (DMBs) concerning non-payment for…
The Central Bank of Nigeria, CBN, has advanced towards encouraging exporters of primary products to enhance their capacity and eventually engage in value added exports. The CBN, in furtherance to the circular dated February 25, 2022 referenced TED/FEM/FPC/GEN/01/002 and the…
By Seun Ibiyemi The Central Bank of Nigeria (CBN), on Monday unveiled an e-learning platform, SabiMONI, to promote financial literacy and to deepen financial inclusion. Speaking at the ceremony, the CBN Governor, Mr Godwin Emefiele, said that the platform is…
By Sodiq Adelakun The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has said the banking sector was committed to expanding foreign exchange supply in the country. He noted that the RT200 programme had made good progress in…
By Sodiq Adelakun The Infrastructure Corporation of Nigeria (Infracorp) is yet to fully take off due to a delay by the Central Bank of Nigeria (CBN) in disbursing the initial seed money of N1 trillion to the four fund managers…
By Sodiq Adelakun The Central Bank of Nigeria (CBN) has debunked reports suggesting that the Bank Verification Number (BVN) issued by the Bank in collaboration with the Nigeria Inter-Bank Settlement System (NIBSS) expires after a 10-year period. The apex bank…
The Central Bank of Nigeria (CBN) says the Bank Verification Number (BVN) issued in Nigeria remains for life and has no expiry date, as reported by a national newspaper. Its Acting-Director, Corporate Communications, Alhaji Isa Abdulmumin, said this in a…
The Central Bank of Nigeria said $1.7 billion was repatriated to Nigeria’s economy in the first quarter of 2023. The Governor of CBN, Godwin Emefiele, on Tuesday disclosed this at Lagos’s third Bi-Annual Non-Oil Export Summit. Also, Emefiele stated that…
The Central Bank of Nigeria (CBN), has banned representative offices of foreign banks from engaging in banking business in the country. The apex bank also barred the rep offices from any regulated activity and from commercial or trading activities resulting…
