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Tag: CBN

Nigeria: Exchange rate unification by CBN is a key part of economic recovery
BusinessFeatured

Nigeria: Exchange rate unification by CBN is a key part of economic recovery

NESG submits reports on achieving resilient economic growth in 2021, says exchange rate unification by CBN is key. In order…

Christina NgeneApril 21, 2021April 21, 2021
Sugar and Wheat to go into CBN FX ban list, Nigeria can produce
BusinessFinance

Sugar and Wheat to go into CBN FX ban list, Nigeria can produce

The Central Bank of Nigeria, CBN has been particular about the importation of certain goods into the country mostly due…

Christina NgeneApril 16, 2021April 16, 2021
CBN extends CRMS to Microfinance, Development, other banks
BusinessFinance

CBN extends CRMS to Microfinance, Development, other banks

The Central Bank of Nigeria (CBN) is extending its Credit Risk Management System (CRMS) to Primary Mortgage Banks, Microfinance Banks…

Christina NgeneApril 14, 2021April 14, 2021
FG not adopting flexible foreign exchange rate or NAFEX – CBN
BusinessFinance

FG not adopting flexible foreign exchange rate or NAFEX – CBN

The Central Bank of Nigeria, CBN, has said that the FG is not adopting a foreign exchange rate or NAFEX…

Christina NgeneMarch 24, 2021March 24, 2021
CBN requirements for innovative products under the regulatory sandbox
BusinessFinance

CBN requirements for innovative products under the regulatory sandbox

What is the CBN regulatory sandbox? The Central Bank of Nigeria has a regulatory sandbox that it adopted in 2021…

Christina NgeneMarch 22, 2021March 22, 2021
Updated: CBN list of approved international money transfer operators (IMTO) in 2021
BusinessFinance

Updated: CBN list of approved international money transfer operators (IMTO) in 2021

The Central Bank of Nigeria, CBN has released of list approved international money transfer services as at February 28, 2021.…

Christina NgeneMarch 22, 2021April 26, 2021
CBN and NCC agree on N6.98 for single USSD financial transactions
Business

CBN and NCC agree on N6.98 for single USSD financial transactions

The CBN and NCC settle USSD disagreements between mobile network operators, (MNO) and deposit money banks (DMB). The Central Bank…

Christina NgeneMarch 16, 2021March 16, 2021
CBN Naira 4 Dollar scheme for diaspora remittance – what is it?
BusinessFeatured

CBN Naira 4 Dollar scheme for diaspora remittance – what is it?

How CBN Naira 4 Dollar works. The inconsistencies in oil prices in the global market have seen the Central bank…

Christina NgeneMarch 11, 2021May 6, 2021
Cryptocurrency use in Nigeria – the SEC and CBN rules
BusinessFeatured

Cryptocurrency use in Nigeria – the SEC and CBN rules

The Securities and Exchange Commission (SEC) in Nigeria released a statement to clarify its position with the central bank, CBN…

Christina NgeneFebruary 12, 2021February 12, 2021
MRCTD, refugee identity card acceptable at banks by CBN order
FeaturedTech

MRCTD, refugee identity card acceptable at banks by CBN order

MRCTD, refugee identity card are suitable as identification in banks The use of Machine Readable Convention Travel Document (MRCTD) and…

Christina NgeneFebruary 11, 2021February 11, 2021

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News Summary Today

The explosion and a suspected attack on the Trans-Niger Pipeline, TNP, have warranted a state of emergency in Rivers State. President Bola Tinubu made the announcement Tuesday, where he also suspended the current administration as well as, instated a new leader, Vice Admiral Ibokette Ibas, for six months to run the affairs of the state.

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