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Thursday, April 25, 2024
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Tag: CBN

Forex Policy: CBN Directs Banks To Publish Names, BVN Of Defaulters

The Central Bank of Nigeria (CBN) has directed all banks in the country to publish the names and Bank Verification Number (BVN)...

CBN Bans Sale Of Foreign Exchange To BDC Operators

The Central Bank of Nigeria (CBN) has announced an end to the weekly allocation and sale of foreign exchange to Bureau De...

CBN Restricts Sugar Importation To Dangote, Flour Mills And BUA

The Central Bank of Nigeria on Friday limited the importation of sugar into the country to three companies: Dangote Sugar Refinery Plc,...

SERAP Sues Buhari Over $25bn Overdrafts Taken From CBN

Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit, asking the court “to compel President Muhammadu Buhari to disclose spending details...

CBN sets N2 billion as capital requirement for fintechs

The Central Bank of Nigeria has set capital benchmarks for firms involved financial technology and payment operations. Those in the top...

CBN Erases Exchange Rate on the Website as Naira Falls

The Naira fell against the U.S. Dollar on Friday as the Central Bank of Nigeria erased from its website the exchange rate that for about a...

CBN sacks all First Bank directors including Ibukun Awosika and Oba Otudeko reinstates Adeduntan as MD/CEO

The Central Bank of Nigeria  (CBN) has removed all the directors of First Bank of Nigeria Plc and those of First Bank Holding...

USSD: CBN imposes mobile banking charge — a setback for financial inclusion

The Central Bank of Nigeria and the Nigerian Communications Commission have imposed a new charge for mobile banking services in the country,...

Regulate Cryptocurrency Don’t Kill It, Osinbajo Tells CBN

Vice President Yemi Osinbajo on Friday said cryptocurrencies should be regulated in Nigeria instead of “killing” it. He made...

SEC backs CBN, suspends approval of cryptocurrency-related products

The Securities and Exchange Commission says it has suspended the approval of cryptocurrency and related products after the Central Bank of Nigeria...

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AIT chairman, Chief Raymond Dokpesi dies in Abuja, at 71

Raymond Dokpesi, the founder of Daar Communications Plc, died on Monday morning in Abuja. He was 71.

Bola Ahmed Tinubu delivers his Maiden Speech as the 16th President of Nigeria

Bola Ahmed Tinubu delivers his Maiden Speech as the 16th President of Nigeria. The speech highlights Nigeria's Transformation Agenda from Fuel Subsidy Reforms, Boosting electricity generation to addressing interest rate and exchange rate problems.

Nigeria’s New Hope: Can Bola Ahmed Tinubu Deliver?

Nigeria, a country with a history of economic and leadership challenges, is at a crucial juncture as it embarks on a new era. The recent election, like its predecessors, was marred by fierce contentions from opposing parties. However, on this momentous May 29th, a new hope emerges as Bola Ahmed Tinubu assumes the presidency. The key question that arises is whether he can effectively tackle Nigeria's governance and development problems within the span of a four-year presidential term.

Nigerian Chef, Hilda Baci Breaks World Cooking Record

Hilda Bassey Effiong, the 27-year-old Nigerian Chef and owner of MyFoodByHilda Restaurant, has made history by breaking the world cooking record. Her non-stop cooking marathon lasted for an impressive 100 hours, 40 minutes, surpassing the previous Guinness World Record set by Indian chef Lata Tandon in 2019. Hilda's remarkable achievement has not only captured the attention of Nigerians but also garnered global recognition.