How CBN intervention can lower N1trn electricity subsidy cost – experts
With Federal Government set to eliminate most subsidies in the electricity sector by January 1, 2022, experts have held that the government could leverage on the N1.5 trillion intervention funds provided by the Central Bank of Nigeria (CBN) to boost the finances of the industry.
CBN gets set for eNaira, more measures put in place
By Emeka Anaeto, Business Editor There are indications that the Central Bank of Nigeria, CBN, is almost ready to usher in a new level of financial transaction experience in Nigeria called eNaira. Last week the apex bank announced the formal engagement of the global Fintech company, Bitt Inc., as the Technical Partner for its digital […]
Banks hint of criminal prosecution of customers over forex offences
By Emma Ujah At the backdrop of a directive from the Central Bank of Nigeria (CBN) to publish names of customers who circumvent the new foreign exchange (forex) guideline, commercial banks have rolled out a penalty regime against contraventions of the guideline. The CBN directive to the banks was specific on offences bordering on customers […]
CBN: Manpower devt & economic growth
The quantity and quality of goods and services produced by a nation are greatly determined by its human resources. The fact that humans initiate and coordinate production activities, makes them the most important factor that can affect the economy.
CBN to return capital deposits, licensing fees of pending Bureaux de Change application
. By Elizabeth Adegbesan The Central Bank of Nigeria, CBN, announced it will commence the return of capital deposits and licensing fees to promoters who have pending Bureaux de Change (BDC) licence applications. The apex bank, today, disclosed this in a letter to Promoters of BDCs and Deposit Money Banks, DMBs. The regulator also directed, […]
CBN to return capital deposits, licensing fees of pending BDC applications
By Elizabeth Adegbesan The Central Bank of Nigeria, CBN, announced it will commence the return of capital deposits and licensing fees to promoters who have pending Bureaux de Change (BDC) licence applications. The apex bank, today, disclosed this in a letter to Promoters of BDCs and Deposit Money Banks, DMBs. The regulator also directed, DMBs, […]
