Featured RoutePay gets CBN’s nod on digital payment products
In line with its agenda of ensuring the financial inclusion of the Nigerian populace, the Central Bank of Nigeria (CBN) has granted an Approval-In- Principle...
Tag : CBN
Featured CBN develops guidelines to expand financial services
The Central Bank of Nigeria has developed the digital financial services awareness guidelines to address gaps in consumer knowledge and practices with Digital Financial Services....
Featured Online Loan: How not to treat customers
Online lenders, also known as ‘loan sharks’ became prominent in the country due to tough loan conditions imposed by commercial banks, though their unconventional loan...
Featured Emefiele defends Nigeria’s exchange rate policy, says country facing peculiar challenges
Insists he remains focused on his job As finance minister banks on Dangote Refinery to reduce petrol subsidy fiscal burden Central Bank of Nigeria...
Featured Emefiele: My focus is on robust monetary policy, building strong financial system
•Says CBN disbursed N948bn to boost farming, 12.5million jobs created Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, yesterday, reiterated that he was...
Featured Nigerians spend $39.66bn on foreign education, medical tourism – CBN report
Nigerians spent a total of $39.66bn on foreign education and healthcare-related services between 2010 and 2020, according to the Central Bank of Nigeria data. According...
Featured Banks’ credit to private sector rises 4.2% to N36.9trn
•As currency in circulation falls Banks’ credit to the private sector rose Month-On-Month, MoM, by 4.23 per cent to N36.9 trillion last month from N35.4 trillion...
Featured Foreign investment drops 34% to lowest in 5 years
Foreign investment drops despite Buhari’s foreign travels Foreign Portfolio Investment (FPI) inflow reduced 34 per cent to $3.39 billion in 2021 versus $5.16 billion in...
Featured 7 Members of CBN’s monetary policy committee confirmed by senate
The Senate has confirmed the nominations of seven members of the Monetary Policy Committee of the Central Bank of Nigeria (CBN). The confirmation of the...
Featured P&G, Colori, sign local production contract, CBN vows to promote local manufacturing
To further strengthen its commitment towards localization of production in Nigeria, leading Consumer Goods Company in Nigeria, Procter & Gamble (P&G), has partnered with Colori...