CBN announces revised documentation requirements for PAPSS transactions
The Central Bank of Nigeria (CBN) has announced revised documentation requirements for transactions conducted through the Pan-African Payment and Settlement System (PAPSS) in Nigeria.
CBN and Nigeria’s economic challenges
By ARIZE NWOBU Economy is the life wire of a people and it is about the allocation of scarce resources for production, distribution and consumption for the fulfilment of the needs of the people. And the financial system is the dynamo which drives the economy by allocating investible funds from surplus ends to deficit ends for […]
CBN frustrating Ways and Means probe – Senate
THE Senate has raised the alarm that the Central Bank of Nigeria (CBN) was frustrating its efforts at unravelling how the Ways and Means loans granted to the federal government
CBN directs banks to publish dormant accounts
The Central Bank of Nigeria (CBN) has directed banks and other financial institutions to publish the list of dormant accounts, unclaimed balances and other financial assets.
Inflation rate, CBN’s monetary policies, others to drive stock market
AS Nigeria steps up efforts to implement its N54.9 trillion 2025 budget, experts have expressed fears that President Donald Trump’s energy policy, targeted at increasing oil output would impact the $75 per barrel target on which the budget is based, inflation and Diaspora remittances, among others.
CBN falsely claimed Binance made $26bn leave Nigeria – Gambaryan
Gambaryan and his colleague, Nadeem Anjarwalla, were arrested after arriving in Nigeria in February 2024 for discussions with government officials about Binance’s operations.
