The Governor of the Central Bank, Godwin Emefiele has said the United Arab Emirates is threatening visa ban due to the funds of airlines trapped in Nigeria. Mr Emefiele during an interactive session organized by the Speaker of the House…
By Idris Bakare The Central Bank of Nigeria, in line with its mandate to promote stability, inclusion and growth in the financial and payment system, says it has introduced a national domestic card scheme that will become effective on January…
The Central Bank of Nigeria (CBN) has unveiled a programme of events to commemorate the first anniversary of the launch of Africa’s First Central Bank Digital Currency (CBDC) tagged the “eNaira,” which was formally launched by President Muhammadu Buhari at…
By Idris Bakare The Race-To-$200 billion, RT200, non-oil export earnings initiative of the Central Bank of Nigeria, CBN, has recorded $1.28 billion repatriation in the third quarter of this year (Q3’22). Meanwhile, the apex bank is also set to deploy…
The Central Bank of Nigeria (CBN), has unveiled activities to mark the first anniversary of its digital currency, the eNaira. The News Agency of Nigeria (NAN), reports that the eNaira, which is Africa’s first Central Bank Digital Currency (CBDC), was…
The Central Bank of Nigeria (CBN) and the Asset Management Company of Nigeria (AMCON) have formally announced the completion of a Share Purchase Agreement (SPA) for the acquisition of 100 per cent of the equity in Polaris Bank by Strategic…
By Idris Bakare The Nigerian government is to restructure its record N20 trillion debt to the central bank to bonds, a step seen as availing the revenue-starved government the luxury of longer time to pay back, after President Muhammadu Buhari…
By Idris Bakare Bank Directors Association of Nigeria (BDAN) has called for the review of necessary regulations to prevent the deposit money banks from paying insurance on deposits sterilised with the Central Bank of Nigeria (CBN). The Directors said banks…
The Nigeria Deposit Insurance Corporation (NDIC), says it will continue to work with the Central Bank of Nigeria (CBN) to conduct Risk Based Supervision (RBS) in its insured financial institutions. RBS is a comprehensive, formally structured system that assesses risks…
The Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has invited foreign investors to consider Nigeria and other countries in Africa as their choice investment destination, noting that business confidence in the continent is on the rise. Emefieele…
