By Rosemary Iwunze In 2012, the Central Bank of Nigeria, CBN, launched the National Financial Inclusion Strategy with the aim of increasing the number of adults that have access to financial services to 80 per cent by 2020. To achieve this, different targets were set for each sector of the financial system. For the Insurance […]

By Gabriel Ewepu The Central Bank of Nigeria, CBN, recently got an approval from the Federal Government to inject N50 billion into the commodity exchange to mop up produce from farmers and aggregators and sell through an application like the normal stock exchange. CBN Governor Godwin Emefiele said despite huge gains made by the apex […]

Addressing the CBN circular’s impact on her services and partnership with foreign payment solutions company; Vaunt, Patricia Technologies has assured his customers of safety and good service without flouting the regulatory body’s position. In a release signed by the company, February 18, 2021 the company assured all their customers of their funds’ safety in their […]

…Initiatives for economic growth top agenda By Our Reporter The Central Bank of Nigeria, CBN, chief executives of banks and other financial experts in Nigeria in Conjunction with Vanguard Newspapers will on Friday, February 26, 2021, hold a one-day Special Summit on  how to overcome the pitfalls of recession and engender enduring national growth path.  […]

…CBN’s interest  earnings drop 75% By Elizabeth Adegbesan In apparent reflection of the excess liquidity in the banking system, banks’ borrowing from the Central Bank of Nigeria (CBN) through the Standing Lending Facility (SLF) fell by 98 percent, year-on-year (YoY),   to N15.95 billion in November 2020 from N662.44 billion in November 2019. Consequently,   the apex […]

…CBN’s interest  earnings drop 75% By Elizabeth Adegbesan MONEY MARKET In apparent reflection of the excess liquidity in the banking system, banks’ borrowing from the Central Bank of Nigeria (CBN) through the Standing Lending Facility (SLF) fell by 98 percent, year-on-year (YoY),   to N15.95 billion in November 2020 from N662.44 billion in November 2019. Consequently,   […]

By Ibrahim HassanWuyo The Arewa Consultative Forum, ACF, has written to the Central Bank Governor complaining of the exclusion of the Northern Nigeria from critical aspects of the nation’s financial life. In the letter dated 29th January 2021 and signed by Chief Audu Ogbeh, the former Minister of Agriculture and Chairman of ACF, observed that […]

…Strikes out CBN’s suit …It’s not over yet, CSOs warn FG …As CAN says freezing of the accounts uncalled for, Nigeria can’t nurture democracy by stifling freedom of expression By Ikechukwu Nnochiri & Luminous Jannamike The Federal High Court sitting in Abuja yesterday vacated an order it made on November 4, 2020, which directed banks […]

…Trade deficit falls 5.02% By Elizabeth Adegbesan Nigeria’s foreign trade rose Month-on-Month (M-o-M) by three per cent to $7.76 billion in November 2020 from $7.53 billion in October 2020. The slight increase   in trade was driven by a six per cent increase in exports, which exceeded the 1.2 per cent growth in imports. Consequently,   the […]

The Central Bank of Nigeria, CBN, have been advised that the better approach to deriving the benefits the cryptocurrency market in Nigeria offers is to regulate not a ban. The was the submission of Senator Ihenyan, President of Stakeholders in Blockchain Association of Nigeria (SiBAN), during a chat with newsmen. Ihenyan disclosed that the association […]