Tag: CBN
CBN: Nigerians will use eNaira without internet-enabled phones
The Central Bank of Nigeria (CBN) has disclosed that Nigerians without internet-enabled phones will still make transactions on the eNaira ...
PiggyVest dismisses rumours of losing N2bn to Imagine Global Solutions Limited
An online savings platform, PiggyVest has dismissed reports of investing N2 billion in an alleged scam involving a micro-lending company ...
Adopt official FX rate for intra-African transactions, CBN tells banks
Commercial banks have been directed by the Central Bank of Nigeria (CBN) to adopt the exchange rate in the importer ...
Sports ministry reacts to allegation of diversion of basketball players’ fund
The ministry of youth and sports development has refuted claims that it diverted funds meant for the payment of the ...
CBN seeks to bar BVN violators from banking services
A revised regulatory framework for bank verification number (BVN) operations and watchlist for the Nigerian banking industry has been issued ...
AMCON: EFCC has remitted N1.66b since 2017
The Assets Management Corporation of Nigeria (AMCON) has disclosed that it got N1,667,582,605.04 recovered by the Economic and Financial Crimes Commission ...
Osinbajo asks CBN to devalue naira, says exchange rate is artificially low
Nigeria's vice president, Yemi Osinbajo has asked the Central Bank of Nigeria to devalue the naira to reflect the reality ...
CBN asks Banks to review loans to oil&gas, agric and other sectors
The Central Bank of Nigeria (CBN) has ordered commercial banks to review their loan exposure to oil and gas, agriculture, ...
CBN: Nigeria spends $2bn on wheat importation yearly
The Central Bank of Nigeria (CBN) has disclosed that the country spends $2 billion annually on the importation of wheat. ...
CBN loan to federal govt rose to N16.1 tn in August – Report
An investment banking and research company, Afrinvest West Africa Limited in its latest weekly report has observed that from the ...
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