The Supreme Court on Friday ordered that old N200, N500, N1,000 notes remain in circulation till December 31, 2023. The apex court also nullified the Federal Government’s naira redesign policy,…
•CBN governor, Godwin Emefiele The Central Bank of Nigeria (CBN) has issued guidelines for licensing and regulation of Payment Service Banks (PSBs) as it aims to enhance financial inclusion to…
By Babajide Komolafe In a bid to mop up liquidity and prevent speculation in the foreign exchange market, the Central Bank of Nigeria (CBN) on Friday deducted N216 billion from…
The currency closed trading at N361/$, the same point it closed at on Tuesday. Black market traders said the currency has been fluctuating on the market, closing at N452. The…
The bureau of the board of governors of the African Development Bank (AfDB) says it agrees with the investigation carried out by its ethics committee into whistleblower allegations levelled against…
By Oluseyi Awojulugbe The Central Bank of Nigeria (CBN) has introduced a new timeline within which banks must resolve complaints relating to automated teller machine (ATM) dispense errors and failed…
The United Bank for Africa (UBA) has upgraded its banking channels to deepen financial inclusion and encourage contactless banking. This comes after health experts warned that banknotes could increase the…
Nigerians will pay much higher tariff for power in 2021, going by promises made by the Federal Government to the International Monetary Fund while seeking the $3.4bn emergency financial assistance…
NIRSAL Microfinance Bank, NMFB, yesterday, commenced the disbursement of the Central Bank of Nigeria, CBN, N50 billion COVID-19 facility to beneficiaries. Managing Director of the bank, Mr. Abubakar Kure, who…
The Republic of Germany said it has granted Nigeria debt relief amounting to N8.9 billion (€22.4 million) on account of the coronavirus pandemic. Also, the German government said it has…
The staff of the International Monetary Fund (IMF) will recommend that Nigeria’s $3.4 billion request for financial aid be approved. A report by Bloomberg on Friday is quoting two people…
The Executive Chairman of MTN Nigeria, Ernest Ndukwe has given reasons the frontline telecommunications service provider would not be able to provide cheaper voice and data services, to mitigate the…
Nigeria’s Private Sector Coalition Against COVID-19 has put the total donations into its fund at N25,893,699,791.00. In a statement for the coalition on Friday, Central Bank of Nigeria spokesman, Isaac…
The African Union Economic, Social and Cultural Council, Nigeria office, has urged China, France, Japan and India to write off Nigeria’s debt or allow a two-year moratorium on repayments. It…
To cushion the effects of the government’s lockdown, Sterling Bank Plc has introduced some palliative measures for customers. Its Chief Executive Officer, Mr. Abubakar Suleiman, who made this in known…
