CBN

The Central Bank of Nigeria (CBN) has awarded Airtel Mobile Commerce Nigeria Ltd, a subsidiary of Airtel Africa Plc, the full super-agent license to operate as an agency network. This was disclosed in a press statement titled “NIGERIA…

The Central Bank of Nigeria (CBN) in 2021 debited 10 banks N7.02 trillion over failure to meet the 27.5 per cent Cash Reserve Requirement (CRR) threshold. According to audited financial statements of these banks, the apex bank had…

The Governor of the Central Bank of Nigeria, Godwin Emefiele, has ordered the immediate release of N3.5 billion in rebates to 150 exporters who took part in the Race to $200 billion scheme, otherwise known as RT200 FX Programme. This was…

Telecommunication Company MTN, has received the final approval to operate as Momo Payment Service Bank Limited,Momo PSB. The approval was granted by the Central Bank of Nigeria (CBN), according to a statement issued by MTN Secretary, Uro…

The Central Bank of Nigeria (CBN) said it would begin payment of N65 rebate to exporters who sold their goods through the importers and exporters (I&E) window at the end of the first quarter. CBN Governor, Godwin Emefiele, said this…

The Central Bank of Nigeria (CBN), last week cautioned Nigerians against the activities of unlicensed financial operators (IFOs), who lure and defraud unsuspecting members of the public with unrealistic returns on investments. The apex…

Economic analysts have lauded efforts by the Central Bank of Nigeria (CBN) at stabilizing the nation’s economy and defending the naira. In separate interviews with Voice of Nigeria, the analysts lauded the Godwin Emefiele led Apex Bank…

The Central Bank of Nigeria (CBN) has extended the interest rate forbearance which it grants to borrowers of some of its intervention funds by one year. The CBN charges 9% for the loans but reduced it to 5% when the pandemic struck in 2020.…

The Central Bank of Nigeria (CBN) has warned Deposit Money Banks (DMBs) against the practice of circulating mutilated banknotes which is part of their deposits with the apex bank. The CBN has expressed concerns over the increasing number…

The Central Bank of Nigeria has released a guideline for Credit Guarantee Schemes to solve the challenge of limited access to credit by MSMEs. This was disclosed in a recently released circular to all banks and other financial…