The Central Bank of Nigeria on Thursday admonished students and management of tertiary institutions in the country to adopt the e-Naira for payment of tuition fees, salaries, and other transactions in view of its benefits. The Assistant Director, CBN Ekiti State Branch, Mr Ayodeji Adeboboye, said that e-Naira remained “a …
Read More »
The International Monetary Fund (IMF) on Friday gave its backing to the Central Bank of Nigeria (CBN’s) exchange rate unification policy. The policy, which collapsed all exchange rates into the Investors and Exporters (I&E) window, allows market forces to determine exchange rate. The IMF said it stands by and supports …
Read More »
Media Rights Agenda, MRA, said yesterday that the Federal High Court in Abuja has ordered the Central Bank of Nigeria, CBN, to pay it N1million damages for wrongful denial of access to information. The group in a statement, said the court also directed the apex bank to make available all …
Read More »
THE Naira yesterday lost almost half of its value in the official market as the exchange rate in the Investors and Exporters, I&E window rose to N664.04 per dollar from N471.67 per dollar on Tuesday, as the Central Bank of Nigeria, CBN announced measures to liberalise the market including the …
Read More »
In its bid to raise awareness and invite more subscribers to the E-Naira policy, the Central Bank of Nigeria (CBN) in Kano has taken its mobilization to the Aliko Dangote University of Science and Technology (ADUST), Wudil, Kano State. Delivering an address at the office of the Vice Chancellor, Alhaji …
Read More »
The Central Bank of Nigeria’s Monetary Policy Committee MPC has further increased the interest rate by 18.5 per cent to 20.5 per cent from 18 per cent in March. Godwin Emefiele, Governor of the Central Bank of Nigeria, disclosed this on Wednesday during the MPC communique presentation and Analysis. …
Read More »
The Central Bank of Nigeria (CBN) has announced revocation the licences of 132 Microfinance Banks, three Finance Companies and four Primary Mortgage Banks across the country. The revocation is contained in a gazetted circular signed by the CBN Governor, Mr Godwin Emefiele, in Abuja. According to Emefiele, the Microfinance Banks, …
Read More »
The Central Bank of Nigeria (CBN) has introduced a digital currency called e-Naira to Nigerian tertiary institutions to enable members of the academic environment to offer better payment prospects in retail transactions when compared to cash payments and to enable students to pay their school fees through e-Naira. The Branch …
Read More »
Central Bank of Nigeria (CBN) has begun the process for establishment of digital museums in Nigeria by way of Virtual Reality Museum where Nigerians would be able to view through its proposed Currency Museum Gallery from anywhere using technological gadgets. CBN said until museums embrace new approaches as regards to …
Read More »
The Central Bank of Nigeria has said it will sanction banks assisting the operations of unlicensed foreign firms. It stated on Monday in its ‘Guidelines for the regulation of representative offices of foreign banks in Nigeria’, signed by the Director, Financial Policy and Regulation Department, Muhammad Musa. ‘Any CBN …
Read More »
