Tag: CBN
‘Former N-Power beneficiaries to access CBN jobs, other opportunities’ – FG
By Francis Ogwo
The Federal Government has announced that former beneficiaries of the N-Power scheme can now access job opportunities created for members of the...
FG’s revenue dropped by 27% to N616.35bn in October 2020 –...
By Francis Ogwo
Revenues accruing to the Federal Government dropped to N616.35 billion in October 2020. This figure fell below the monthly budget estimate of...
COVID-19: Kano industries get CBN’s N10bn intervention fund
By Francis Ogwo
The sum of 10 billion naira has been disbursed by the Central Bank of Nigeria has to companies in Kano affected by...
Banks get over N600bn CBN debits for not meeting up CRR
By Francis Ogwo
Deposit money banks (DMBs) reported that on Friday they were debited by the Central Bank of Nigeria (CBN) of over N600 billion...
Non-Compliance: CBN revokes licenses of 7 dormant payment service providers
By Francis Ogwo
The Central Bank of Nigeria (CBN) has disclosed the revocation of the operating licenses of seven dormant payment service providers (PSPs).
The announcement...
‘Change your policy on diaspora remittances’ – Mobile money group pleads...
By Francis Ogwo
A mobile money Cartel, the Association of Licensed Mobile Payments Operators (ALMPO) has pleaded with the Central Bank of Nigeria (CBN) to...
Forex: Naira slumps against the dollar to close at N394/$1
By Francis Ogwo
There was a sharp rise in Tuesday of Forex turnover as it sharply rose by 183.7%. This is with the Naira exchanging...
‘Nigeria’s external reserves dropped by $567m in first two weeks in...
By Francis Ogwo
Latest data from the Central Bank of Nigerian has shown that the nation’s external reserves fell by $567 million in the first...
‘Close all naira accounts of International Money Transfer operators’- CBN orders...
By Francis Ogwo
All naira accounts of International Money Transfer Operators have been ordered by the Central Bank of Nigeria to be closed by Deposit...
Lagos to sell rice at cheaper prices before Christmas
By Francis Ogwo
Lagos State in collaboration with Kebbi State Government and the Central Bank of Nigeria has revealed plans to sell rice to thousands...