The Central Bank of Nigeria (CBN) is set to introduce the Unstructured Supplementary (USSD) code as part of steps to improve the Central Bank Digital Currency (CBDC). Kingsley Obiora, the …
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CBN
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AfricaBanking, Finance & InvestmentBusiness and EconomyEconomyINVESTMENTNewsNigeriaWestern Africa
Banks reward savings accounts with 1.28%, lending hits 26.61%
The gap between the savings and lending rates in banks widened by 25.33 per cent in March, according to figures obtained from the Central Bank of Nigeria. Latest figures obtained …
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AfricaCryptocurrencyInformation TechnologyNewsNigeriaWestern Africa
Nigerians Trade N78bn Bitcoin Amidst Restrictions by CBN
Nigerians traded at least N77.75bn ($185m) worth of Bitcoin in the first three months of the year despite the Central Bank of Nigeria’s restrictions on cryptocurrency transactions in the country. …
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Access BankBanking, Finance & InvestmentWestern Africa
FBN Holdings buys out Access Bank’s pension business
FBN Holdings Plc, through its subsidiary First Pension Custodian Limited, agreed with Access Bank Plc to buy out the latter’s pension subsidiary Access Pension Fund Custodian in a deal involving …
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PoliticsWestern Africa
“Declare me eligible to run for presidency without resigning as CBN governor”, Emefiele tells court
Since the information about his political ambition ahead of the 2023 presidential elections leaked to the public earlier this year, pressure has mounted on Mr Emefiele to step down from …
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The governor of Nigeria’s central bank intends to run in next year’s presidential election. Godwin Emefiele, 60, is seeking the nomination as a presidential candidate for the governing All Progressives …
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