Nigeria to start Exporting to China – CBN Governor
Central Bank of Nigeria, CBN Governor Godwin Emefiele, while speaking at a press conference at the World Bank headquarters in Washington, on the last day of the 2016 World Bank/IMF spring meeting said...
View ArticleWatch Episode 1 of Forbes Africa TV’s “My Worst Day”: An Indepth Interview...
Peace Hyde from Forbes Africa TV speaks to the Emir of Kano and Former CBN Governor on the first episode of Forbes Africa TV’s flagship show, “My Worst Day with Peace Hyde“. On the debut episode,...
View ArticleCBN Disburses Fresh N55.46 billion to 24 Power Firms
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele said N55.46 billion was disbursed to 24 power firms as electricity market stabilization facility. Emefiele said this at the 4th...
View ArticleCBN Adopts Flexible Exchange Rate Policy, Retains Interest Rate at 12%
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has adopted a flexible exchange rate policy for the country. The CBN Governor, Godwin Emefiele, disclosed this on Tuesday in...
View ArticleDollar Rate Struggles…Dangote’s Fortune drops by $3.7 Billion
While majority are happy about the removal the Naira peg to the Dollar at N199, the effect of the Central Bank of Nigeria‘s decision is being felt by others in a different way. Nigerian business tycoon...
View ArticleBuhari nominates Aisha Ahmad as Central Bank Deputy Governor
President Muhammadu Buhari has asked that the Senate confirm the appointment of Aisha Ahmad as the new Deputy Governor of the Central Bank. Femi Adesina, the president’s Special Adviser on Media and...
View ArticleFinancial Transactions just got Easy as CitiServe Limited launches the new...
CitiServe Limited, a member of the Vigeo group Limited recently launched its OrangeBox™ 7210. Citiserve is a technology enabled distribution company with focus on enterprise solutions and payment...
View ArticleKingsley Moghalu speaks at the 2017 Emerging Political Leaders Summit themed...
Kingsley Moghalu, the former Deputy Governor of the Central Bank of Nigeria and Founder, Institute for Governance and Economic Transformation (IGET), has called on Nigerians to wake up to their...
View ArticleUnilever Nigeria unveils Ultra-modern Blue Band Factory to support Local...
Unilever Nigeria, today officially opened its state-of-the-art Blue Band factory at Agbara Industrial Estate, Ogun State. Built with innovative manufacturing technology, the factory complements...
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Soludo proposes 5 Vice Presidents & 6 Years Single Term for Presidents in...
Professor Charles Soludo Former Governor of the Central Bank of Nigeria, Charles Soludo has proposed a single term of 6 years for future Nigeria presidents, The Cable reports. Soludo made the proposal...
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CBN recovers Illegal Charges of N60b from Commercial Banks
The Central Bank of Nigeria (CBN) has recovered the sum of N60 billion termed as “illegal charges” from commercial banks. According to Daily Trust, Dipo Fatokun, the director of CBN’s Payment Systems...
View ArticleNO Foreign Transactions with your Naira ATM/Debit/Credit Cards from January 2016
A recent email sent by Standard Chartered Bank Nigeria to its customers has revealed the Central Bank of Nigeria‘s plan to halt all foreign (non-Naira) transactions on Naira ATM, Debit and Credit cards...
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Thanks to CBN, You’ll Now Pay to Receive Money | BN Breaks Down the Circular
The Central Bank of Nigeria has directed banks to enforce ‘stamp duties’ with ‘immediate effect’. Read the circular sent to all the banks on the CBN website here. Here’s what we gathered: Here’s the...
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New Day, New CBN Policy for Current Account Holders | Here’s the Latest
Yesterday, the Central Bank of Nigeria (CBN) introduced yet another policy that affects Nigerian bank current account holders. Earlier this week, they introduced a ‘stamp duty’ – click here if you...
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CBN suspends Forex for School Fees & Medical Bills
Yesterday at the Bankers’ Committee meeting in Abuja, the members – the CBN (Central Bank of Nigeria) and DMBs (deposit money banks) decided to suspend Forex – foreign exchange allocation for medical...
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“Our children abroad are crying and we parents are also crying” Scarce Forex...
Punch reports that the scarcity of foreign exchange is deeply affecting parents and children abroad. This February, the CBN and DMBs (Deposit Money Banks) decided to suspend official foreign exchange...
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CBN Clarifies – Forex is Still Allowed for School Fees & Medical Bills
Although it appeared the Central Bank of Nigeria had stopped allocating Forex for school fees and medical bills – see the story here, the CBN has clarified that the allocation never stopped. However,...
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Femi Pedro: Buhari and the Solution to the Nigerian Currency Quagmire
Our nation is currently submerged in a currency crisis. The value of our national currency is tumbling against the dollar on a daily basis, and our foreign exchange reserves continue to dwindle as a...
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#CBNIllegalHires – SaharaReporters Uncovers Alleged ‘Rich Kids Club’ Nepotism...
Yesterday, news website SaharaReporters “obtained a list of at least 91 people tied to influential or highly placed Nigerians who were recently offered juicy appointments by the Central Bank of Nigeria...
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CBN Gov. Emefiele Donates All Gifts Received At Mother’s Funeral To...
Just before he left Delta on Sunday, a day after burying his mother in a modest ceremony in Agbor, Central Bank of Nigeria Governor, Godwin Emefiele, paid spontaneous visits to some motherless babies...
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2018 PoS Innovation Summit to explore the Dynamics of the Shared Agent...
The establishment of the Shared Agent Network Expansion Facility (SANEF), powered by the Central Bank of Nigeria and Deposit Money Banks, aims to accelerate financial inclusion in Nigeria. The fourth...
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Diamond Bank acquired by Access Bank
The Cable reports that Diamond Bank has been acquired by Access Bank. An official statement addressing the acquisition will be released this week, The Cable reports, by the Central Bank of Nigeria. The...
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Diamond Bank confirms Acquisition by Access Bank
Diamond Bank has confirmed that it’s been acquired by Access Bank. News broke on Sunday that the bank has been acquired by Access in a deal overseen by the Central Bank of Nigeria. Diamond Bank on...
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President Buhari Congratulates First Bank On Its 125th Anniversary
President Muhammadu Buhari on Sunday in Abuja congratulated First Bank Nigeria on its 125th anniversary, which he said “historically and remarkably marked the commencement of banking in the country in...
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Bankers educate Students on Earning, Managing & Saving Money For A Secured...
Union Bank at All Saints Church School, Ibadan. The Bankers’ Committee has disclosed that it educated over 62,000 students on financial literacy, as part of activities to mark the 2019 Financial...
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Major Growth for First Bank as it announces over 27,000 Agents on Firstmonie...
Nigeria’s premier bank and leading financial services provider, First Bank of Nigeria Limited has announced that it now has over 27,000 Agents on its Firstmonie Agent Network. This feat reinforces the...
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EFInA, SANEF, CBN to hold Second Quarterly Financial Services Agent Forum in...
The global pursuit of financial inclusion as a vehicle for economic development has yielded a positive impact in Nigeria as the exclusion rate has reduced from 53.0 % in 2008 to 36.8% in 2018. Despite...
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Money Matters with Nimi Akinkugbe: Are You Ready For the World’s Move to...
Whether you like it or not, our world is becoming cash free. How prepared are you for change? The Central Bank of Nigeria’s (CBN) cashless policy commenced on January 1, 2012 in a phased approach that...
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FCMB wins ‘Excellence in Customer Experience Enhancement’ at Finnovex West...
First City Monument Bank (FCMB) Limited’s giant strides and impressive performance in service delivery and customer satisfaction in the Nigerian banking industry have again been recognized. The latest...
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#SterlingAtAkeFestival: What Went Down at the 7th Edition of Ake Festival!
Africa’s literati at home and the diaspora are still gushing about the continent’s biggest and most colorful festival for writers, poets, thinkers, dancers, singers, actors and literary enthusiasts...
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Mompha has Pleaded “Not Guilty” to All Allegations
Ismaila Mustapha, popularly known as Mompha, has according to Punch pleaded “not guilty” to the allegations brought against him before the Federal High Court in Lagos by the Economic and Financial...
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To foster the Financial Inclusion Drive in Nigeria, CBN approves 9PSB...
As bank customers continue to encounter challenges such as regular long queues in the banking halls, consistent network failure, stringent documentation to assess credit facilities, frequent...
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Can We Trust Digital Banks with Our Money?
Today, digital banks are appealing to users with a narrative of seamless banking. With no physical branches, digital banks allow you to open and maintain accounts from your smartphone. To sweeten the...
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Hope PSBank unveils to deliver Financial Services to Customers with...
L-R: The Chairman, Hope PSBank, Alhaji Shehu Abubakar; the Managing Director, Hope PSBank, Ayotunde Kuponiyi; Lagos State Commissioner for Finance, Dr. Rabiu Olowo; the Director-General, National...
View ArticleCBN is set to inject 50 Billion Naira Intervention Fund for Businesses in...
The Central Bank of Nigeria has introduced a new set of initiatives to help Nigerians cope with the crippling economic effects of Covid-19. The CBN Governor, Godwin Emefiele made this announcement at...
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How Everyone is Reacting to CBN Governor Godwin Emefiele’s Briefing on...
Earlier this year, The Central Bank of Nigeria released a statement prohibiting financial institutions in Nigeria from dealing in cryptocurrencies or facilitating payments for cryptocurrency exchange....
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5 Naira for every Dollar! Here’s how FirstBank is promoting Diaspora Remittances
FirstBank of Nigeria, one of Nigeria’s leading financial inclusion services providers is rewarding customers with N5 for every dollar received through foreign remittances. This N5 for a dollar...
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Nigeria Inter-Bank Settlement System announces the launch of the New Quick...
L-R: Temidayo Adekanye, Chief Risk Officer, Nigeria Inter-Bank Settlement System (NIBSS); Christabel Onyejekwe, Executive Director, Business Development, NIBSS; Premier Oiwoh, Managing Director/CEO,...
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The Blue Blossom Account by Stanbic IBTC will help Women in Business flourish
As an institution that supports and seeks women’s advancement, Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, has launched a new product, “Blue Blossom” for women. In line with the Central...
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GDL: Helping You Build Wealth through Smart Investment and Financial Education
The phrase “leave no man behind” seems to be a guiding principle in GDL (Growth and Development Group). One of the leading diversified financial institutions is focused on ensuring financial inclusion...
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WISCAR’s annual Leadership and Mentoring Conference holds November 23rd – 27th
Women in Successful Careers (WISCAR), one of the leading not-for-profit organizations focused on women empowerment and strategic mentoring for professional women has announced that it will be hosting...
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First Bank expands its Diaspora Remittances through First Global Transfer &...
For centuries, there have been heated debates over the sources of economic growth in developing economies and why some countries reflect strong economic growth compared to others. The hypotheses have...
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Introducing the New Association of Professional Women Bankers Executives
The Association of Professional Women Bankers, the female wing of the prestigious Chartered Institute of Bankers of Nigeria (CIBN) is excited to officially announce the appointment of its new EXCO...
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Here are 5 Reasons why Nigerians should use WorldRemit in 2022
One major lesson learned from the outbreak of the COVID-19 pandemic was the need to strengthen our individual and collective resilience to withstand shocks. While many factors can drive this...
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Access Bank Sets to Create Alternative Channels for New Naira Notes Deposit
In response to the Central Bank of Nigeria’s (CBN) announcement to redesign and issue new naira notes from December 15th, 2022, One of Nigeria’s leading financial institutions, Access Bank, has urged...
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Digital Encode Founders Conferred with BusinessDay Lifetime Achievement Award
BusinessDay Publishing, Conferred Lifetime Achievement Award to Dr Obadare Peter Adewale (r) and Dr Oluseyi Akindeinde (l) at the Nigerian Business Leadership Awards held at Lagos Continental Hotels,...
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Nigerians are Buying Naira Notes with Naira Notes! What Does this Mean for...
Godwin Emefiele, the governor of the Central Bank of Nigeria, announced February 10 as the new extension date for old naira notes to lose their legal status. Despite the deadline extension, Nigerians...
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Access Bank unlocks a new level by launching the first American Express®...
Access Bank has ushered in a new era of fresh consumer credit cards: the Access Bank American Express® Gold Card and the prestigious metal Platinum® Card, both designed to enhance your financial...
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LemFi breaks new Ground with Launch of International Payment App in the USA
Stepping onto American soil, LemFi extends its innovative international financial solutions to a wider audience. Building on its recent success as a licensed International Money Transfer Operator...
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Igniting Savings Culture: 9PSB Celebrates World Savings Day with a Lagos...
L-R: Director, Bloomy Berries Nursery and Primary School, Mrs. Oliver; Lead, Retail Banking and Customer Acquisition,9 Payment Service Bank, Oladimeji Saka; Head, Human Resources, 9 Payment Service...
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