MTN Nigeria, one of the leading Telecommunication firms in Nigeria, is set to begin a payment service bank. This comes after it got approval from Nigerian regulators to run a payment service bank, the wireless carrier said in a regulatory filing on Monday. “The date of commencement will be...
CBN
The Governor of Central Bank of Nigeria (CBN), Mr Godwin Emiefele and Mr Temitope Ogunsemo, the founder of Krystal Digital Solutions L.td., have been listed in the Forbes Africa Undiscovered Series for Nigeria. Mr Uri Onojake of GLG Communications, a consultancy firm, made the disclosure in a statement on...
United Bank for Africa Plc (UBA) on Thursday assured shareholders and investors of its unwavering commitment to sustain its current growth trajectory. The Group Chairman, Tony Elumelu, gave the assurance at the 60th Annual General Meeting of UBA at the Transcorp Hilton Hotel, Abuja, monitored virtually in Lagos. He...
The Central Bank has fined four banks for flouting its directive on cryptocurrency transactions. The CBN had in February 2021 ordered all banks to close accounts of anyone who transacts in cryptocurrency. According to the CBN, dealing in cryptocurrency or facilitating payments for cryptocurrency exchanges is prohibited. In a...
The Central Bank of Nigeria (CBN) says it has disbursed N948 billion to 4, 478, 381 smallholder farmers under the Anchor Borrowers’ Programme (ABP) across the country. The Director, Corporate Communications Department, CBN, Mr Osita Nwanisobi disclosed this on Friday in Enugu during the ongoing Enugu International Trade Fair....
BY ANKELI EMMANUEL, Sokoto – A coalition under the auspices of Unified Northern Nigerian Youths Forum (UNNYF) has insisted that the 2023 presidency must be zoned to the south for the sake of equity and fairness.. The group in their concern warned that any northerner contemplating to succeed President...
The Central Bank of Nigeria (CBN) says it has disbursed N948 billion to 4,478,381smallholder farmers, to upscale food production in the country. The CBN Governor, Mr Godwin Emefiele disclosed this in Ado-Ekiti while delivering the 25th and 26th combined convocation lecture of the Ekiti State University (EKSU), on Monday...
Amid speculations that he may be running for President in 2023, Central Bank Governor, Godwin Emefiele on Monday said his focus was on solving macroeconomic challenges, including fighting inflation. Banners of Mr Emefiele as a presidential candidate has flooded parts of the country, suggesting he might be interested in...
By EZEKIEL OBI, Abuja – The Centre for Integrity and Good Governance (CIGG) has demanded the adoption of Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele as the Presidential candidate of the All Progressives Congress (APC) in the 2023 elections. The Centre in a press statement issued on...
The Peoples Democratic Party (PDP) has demanded the immediate resignation and investigation of the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, following his appearance in certain All Progressives Congress (APC) campaign posters suggesting that he has partisan affiliation and entanglement with the APC. The PDP in...
A Federal High Court, Abuja, on Friday, dismissed the 418 million dollars Paris Club debt suit filed by the 36 state governments against the Federal Government. Justice Inyang Ekwo, in a judgement, dismissed the suit for lacking in merit. “I do not see any merit in this case on...
The Central Bank of Nigeria (CBN), says it has expanded about N42 billion to accelerate wheat cultivation in 132,799 hectares across 15 states in the country. The CBN Governor, Mr Godwin Emefiele, stated this at the inauguration of the 2021/2022 Brown Revolution Field Day/Harvest in Gabarin village, Ringim Local...
The Central Bank of Nigeria (CBN) says Nigerians need to consume what they produce and export the surplus after adding value to it. CBN Governor, Godwin Emefiele said this at the 32nd Seminar organised by the Central Bank of Nigeria, for Finance Correspondents and Business Editors, on Thursday in...
The Central Bank of Nigeria (CBN) has projected that the Nigerian economy will grow by 3.24 per cent in 2022, in spite of rising inflationary challenges occasioned by global socio-economic events. Mr Godwin Emefiele, the CBN Governor, made this known on Monday while presenting a communique from the apex...
By BENJAMIN ORISEMEKE, Abuja – Nigeria spent a total of N1.29 trillion on wheat importation in 2021, 71.1 per cent higher than what was spent the previous year, the National Bureau of Statistics (NBS) said on Monday. Nigeria imported durum wheat worth N1.29 trillion in 2021, representing a 71.1...
By BENJAMIN ORISEMEKE, Abuja – The Central Bank of Nigeria (CBN) on Monday retained Monetary Policy Rates at 11.5 per cent. CBN Governor, Godwin Emefiele during the MPC meeting, also said the apex bank would retained the asymmetric corridor at +100/–700 basis points around the MPR; Cash Reserve Ratio...
The Federal Government in collaboration with the Central Bank of Nigeria (CBN), has concluded plans to give financial empowerment to 75,600 batches A and B beneficiaries of N-Power programme. The Minister of Humanitarian Affairs, Disaster Management and Social Development, Hajia Sadiya Farouq, said this at the inauguration of the...
By BENJAMIN ORISEMEKE, Abuja – Banks in Nigeria have stepped up measures to ration foreign currency sales to its customers, using their naira debit cards for overseas withdrawals to beef up Nigeria’s dwindling forex inflow. Nigeria’s largest DMB by market size, Zenith Bank Plc, has announced a review of...
The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has expressed satisfaction with the current high level of interest in the agricultural sector of Nigeria and the tremendous impact made across various value chains in the sector within the past six years. Emefiele, while addressing journalists during an...
The Federal Government is helping unemployed youths to become employers of labour through the National Directorate of Employment (NDE). Bauchi State Coordinator of the NDE, Alhaji Lawan Yaya, made the declaration in Bauchi on Saturday when he spoke with the News Agency of Nigeria (NAN). He said some of...