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Tag Archives: Central Bank of Nigeria (CBN)

Key fines in the emerging 70 proposed amendments to the BOFIA Act, 2017

CBn Emefiele

The two-day public hearing on the proposed amendments to the Banks and Other Financial Institutions Act (BOFIA) 2017, by the House of Representatives Committee on Banking and Currency ended on ...

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Will Heritage Bank sink if it remits money collected on behalf NPA to TSA?

Heritage bank

The pursuit of Heritage Bank by the Nigerian Ports Authority (NPA) over the remittance of revenue funds collected on its behalf which started since the emergence of Hadiza Bala Usman ...

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Bitcoin: Value of transactions in Nigeria rise to N1.9billion weekly—BH Report

Bitcoin Nigeria 33

Contrary to the warnings handed down both by the Central bank of Nigeria (CBN) and the Securities & Exchange Commission (SEC) that involvement in digital currencies transactions is against any ...

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ABCON welcomes move by FG to return Nigeria to JP Morgan Index

The Association of Bureaux De Change Operators of Nigeria (ABCON) as described the current plan of the federal government to to return Nigeria to JP Morgan Index excites, saying the ...

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Disruption in MPC meeting schedule only dangerous on the long run—Experts

CBN MPC meeting

Inability of the Central Bank of Nigeria (CBN) to hold its first Monetary Policy Committee (MPC) meeting scheduled for Monday and yesterday, Tuesday may not affect the economy in the ...

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Open more forex access centres, avoid evening payments to us, ABCON tells CBN

Leadership of the Association of Bureaux De Change Operators of Nigeria (ABCON), the union of licensed bureau de change operators in the country has called for more three payment centres ...

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January 22, 2018 MPC meeting may not hold if Senate fails to act fast

CBN MPC meeting

The Monetary Policy Committee (MPC) meeting of the Central Bank of Nigeria (CBN), is by law expected to meet between January 22 and 23, but there are strong fears that ...

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CBN sets new 80% target for banks on driving financial inclusion

CBN Godwin-Emefiele

The Central Bank of Nigeria (CBN) has set a financial inclusion target for Deposit Money Banks and all microfinance banks in the Federal Capital Territory (FCT). The new drive is ...

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Nigeria’s paddy rice production jumps from 5mmt to 17mmt in 2 years plus—Ogbeh


The aggressive attention given to local rice production in line with agro-driven diversification of the economy by the federal and states governments has yielded unprecedented rise in local paddy rice ...

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Zenith, Union Banks’ announce new board members after CBN approval

Zenith bank 44

Two leading commercial banks, Zenith Bank Plc., and Union Bank of Nigeria Plc have announced changes to the membership of their Board of Directors. Whereas in Union Bank, the changes ...

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