By Kayode Tokede Currency in circulation dropped by 1.8 per cent to N2.78trillion in February from N2.83trillion reported by Central Bank of Nigeria (CBN) in January 2021 Our correspondent gathered that currency in circulation in its Year-to-Year performance gained 27…
By Kayode Tokede The Central Bank of Nigeria (CBN) has withdrawn the operating licenses of 11 International Money Transfer Operators (IMTOs) in the country’s foreign exchange market. In the list of released by the CBN on Monday, only 47 IMTOs…
By Kayode Tokede The Central Bank of Nigeria (CBN) has said the foreign exchange reserves sustained its decline, as outflows from the reserves outstripped inflows. Thus, it dipped by $151.21 million Week-on-week (w/w) to $34.44 billion as at March 17,…
By Kayode Tokede The Central Bank of Nigeria (CBN) has reportedly appointed KPMG LLP as transaction adviser for its newly set up infrastructure fund, according to an insider familiar with the matter who wants to remain anonymous. According to a…
Vacates proposed suspension of DMBs rom USSD the outcome of the meeting between the CBN, NCC, deposit money banks and mobile network operators (MNOs) over a protracted dispute concerning appropriate pricing for the USSD pricing model for financial services which…
By Kayode Tokede The Central Bank of Nigeria (CBN), Africa Finance Corporation (AFC), and Nigeria Sovereign Investment Authority (NSIA) have extended the deadline for expressions of interest from qualified asset managers active in the infrastructure sector to manage the Infrastructure…
By Kayode Tokede The Central Bank of Nigeria (CBN) is set to hold its second Monetary Policy Meeting (MPC) by next week’s Monday and Tuesday. The first meeting was held January 25-26 and the second this month is the 278th…
The Executive Vice-Chairman (EVC) of the Nigerian Communications Commission (NCC) Prof. Umar Danbatta, has said that the commission and the Central Bank of Nigeria (CBN) are strategising on making Nigerians financially inclusive. Danbatta said that the Federal Government’s financial inclusion…
The Central Bank of Nigeria (CBN), through NIRSAL Microfinance Bank, has reopened its portal for Micro Small and Medium Enterprises (SMEs) and households affected by COVID-19 to access up to N25 million. This was disclosed by the Personal Assistant to…
By Kayode Tokede Since the emergence of the Coronavirus pandemic in Nigeria, the Central Bank says it has expended a total of 82 health projects with the sum of N85.89 billion. The projects financed by the apex bank comprise 26…
