Tag Archives: Central Bank of Nigeria (CBN)

In the face of rising demand for foreign exchange for both goods and services by Nigerians, the Central Bank of Nigeria (CBN) has advised Nigerians to resist the urge of succumbing to the speculative activities of some players in the foreign exchange market. Speaking with newsmen in Abuja on Thursday, …

…Experts canvass robust non-oil export trade, technology to boost Nigeria’s economy President of Dangote Group, Alhaji Aliko Dangote, has urged the Central Bank of Nigeria (CBN) to replicate its feat in encouraging the production of rice, wheat, dairy and other economic crops to boost non-oil exports in the country. Dangote, who gave …

The Governor, Central Bank of Nigeria, Godwin Emefiele, has said that the bank paid eligible exporters over N20bn rebates in the second quarter of implementing the RT200 FX programme for exports worth $600m. He disclosed this during a press briefing after the Monetary Policy Committee meeting in Lagos on Tuesday. …

The Central Bank of Nigeria has developed the digital financial services awareness guidelines to address gaps in consumer knowledge and practices with Digital Financial Services. It disclosed this in a report titled ‘Digital financial services awareness guidelines’ on Friday. CBN stated that “DFS have the potential to expand access to …

The Nigerian Telecommunications Regulator has said one of the strategies adopted by the Commission to ensure a robust infrastructure deployments that will support many platforms that can accelerate financial inclusion in Nigeria. Emphasizing its objectives, the Nigerian Communications Commission reasurred that Nigeria’s grass root communities and the underserved population of …

The Central Bank of Nigeria (CBN) has faulted reports in media circles suggesting that the payments of overseas tuition fees from Nigeria will cost more as from January 2023, due to the purported withdrawal of the “Form A” Discounted rate, with effect from December 31, 2022. The Bank made the …

The Central Bank of Nigeria has revealed that electronic transactions  (e-payment transactions) in Nigeria increased by 66 per cent year-on-year to N330 trillion in December 2021 from N198.61 trillion at the end of 2020. Delivering a keynote address at a conference tagged “The Future of Payments and Fraud: Catching the …

The Securities and Exchange Commission (SEC) has released a set of new regulations guiding the issuance, exchange and custody of digital assets in Nigeria. The development is coming more than a year after the commission issued the classification and treatment of digital assets. According to SEC, a digital asset means a digital token …

In light of advancements in global payment systems, Africa’s leading integrated payments and digital commerce company, Interswitch, has been confirmed as a gold sponsor of the Future of Payments and Fraud Conference slated to hold on Thursday, May 12, 2022. Interswitch’s sponsorship of the conference stems from its focus on …

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 in Enugu during the ongoing Enugu International Trade Fair. The ABP is an agricultural …