By Kayode Tokede The Central Bank of Nigeria (CBN) on Monday issued a circular introducing new licence requirement for Nigerian payments systems. The circular classifies payment service providers into six major categories and introduces permissible activities for each of the…
By Kayode Tokede The Central Bank of Nigeria (CBN) has disclosed that currency in circulation dropped to N2.8trillion April 2021, 0.44 per cent from N2.81 trillion reported in March 2021. This implies that currency in circulation in the country has…
By Kayode Tokede The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has faulted claims in certain quarters suggesting that the Bank’s targeted interventions in the agricultural sector are tilted in favour of a certain section of the country.…
By Kayode Tokede The Monetary Policy Meeting (MPC) of Central Bank of Nigeria (CBN) is expected to hold on next week Monday and Tuesday. The first meeting was held January 25-26 while the second held March (22-23). The third MPC…
The nation’s foreign reserves droped by $111.56million to $34.61billion as at Friday, according to the Central Bank of Nigeria (CBN). The drop makes it the fourth consecutive week decline of the nation’s foreign exchange buffer. However, the naira depreciated by…
The Central Bank of Nigeria (CBN) has approved the construction of seven different multi-million naira projects at the Government College, Keffi, Nasarawa State. Mr Sam Israel, the National Secretary of Keffi Old Boys Association (KOBA), confirmed this in an interview…
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 interview with newsmen in Lagos, while…
As Central Bank of Nigeria (CBN) opens its Monetary Policy Committee (MPC) meeting on Monday, a financial expert, Mr Okechukwu Unegbu, has advised the committee to address rising inflationary rates. Unegbu, who gave the advice in an interview with the…
Polaris Bank Ltd. on Friday said its current and corporate account holders might decide not to acquire the new cheque book introduced by the Central Bank of Nigeria (CBN) for all banks. The bank’s Head of Corporate Communications, Mr Rasheed…
