CBN To Freeze Account Of 194 BDC Operators
Business

CBN To Freeze Account Of 194 BDC Operators

The Central Bank of Nigeria (CBN) is set to freeze 194 bank accounts owned by Bureaux de Change firms and other organisations so as to

Borrowing Is Not A Crime - FG Defend Rising Debt Stock
News

CBN Set To Cut Wheat Importation By 60%

Under its new import substitution program, the Central Bank of Nigeria (CBN) is set to reduce the importation of wheat by 60 percent over the

Borrowing Is Not A Crime - FG Defend Rising Debt Stock
News

CBN Introduces N6.98 Service Charge For USSD Banking Transactions

The Central Bank of Nigeria (CBN) has introduced a new policy imposing ₦6.98 service charge on Nigerians for all USSD transactions. Customers will pay a

Borrowing Is Not A Crime - FG Defend Rising Debt Stock
News Business

CBN New Policy Proposes N5 Rebate For Every Dollar Remitted

The Central Bank of Nigeria has introduced a rebate of N5 for every $1 of fund remitted to Nigeria, through International Money Transfer Organisations in

Borrowing Is Not A Crime - FG Defend Rising Debt Stock
News

CBN To Increase Agric Sector Loan By 10%

Central Bank of Nigeria (CBN) is set to increase banking sector credit to agric sector from the current 4% to 10 per cent by 2024.

Do Not Despair, Things Will Get Better - Osinbajo Tell Nigerians
News Business

CBN Backs Govt. Decision To Sell National Assets

The Central Bank of Nigeria (CBN) has thrown its weight behind the federal government’s decision to sell its least valued assets and use funds from

Borrowing Is Not A Crime - FG Defend Rising Debt Stock
News

Ban On Cryptocurrency Meant To Protect Nigerians – CBN

The Central Bank of Nigeria (CBN), has stated that its directive to banks to ban cryptocurrency transactions was to protect other Nigerians involved in transparent

IMF Backs CBN On Cryptocurrency Ban
Business

IMF Backs CBN On Cryptocurrency Ban

The International Monetary Fund (IMF) has backed the recent directive of the Central Bank of Nigeria (CBN) to financial institutions to ban transactions with cryptocurrency.

Senate Rejects Move To Upgrade Medical Facilities In Adamawa
Business

Senate Summons CBN, SEC Over Ban On Cryptocurrencies

The Senate has summoned the Governor of Central Bank, Godwin Emefiele, and Securities Exchange Commission for an explanation for the recent ban on Cryptocurrency operations

CBN To Freeze Account Of 194 BDC Operators
News Business

CBN Clarifies Ban On Cryptocurrencies, Cites Volatility, Stability Of Bitcoin

The Central Bank of Nigeria (CBN) has clarified controversies trailing its latest directive to Deposit Money Banks (DMBs) to desist from transacting in cryptocurrencies. The