The House of Reps has ordered the Central Bank of Nigeria (CBN) to suspend the sale of Polaris Bank Plc. The House gave the directive on Wednesday during plenary after …
Banking, Finance & InvestmentNigeriaWestern Africa
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AfricaAFRICA NEWSBanking, Finance & InvestmentBusinessNewsNigeriaWestern Africa
CBN begins deductions from states, and farmers’ accounts to recover loans from its intervention programmes
The Central Bank of Nigeria (CBN) has commenced deductions from accounts of defaulters under its development finance interventions to recover outstanding loans. Yusuf Yila, director, development finance of the CBN, said this …
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AfricaAFRICA NEWSBanking, Finance & InvestmentBusinessEconomyFinance & ServicesNewsNigeriaWestern Africa
eNaira app downloads hit 905,588
The Central Bank of Nigeria (CBN) has stated that the eNaira application has so far recorded a total of 905,588 downloads. CBN Governor, Godwin Emefiele, revealed this on Tuesday in Abuja after the Monetary …
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AfricaAFRICA NEWSBanking, Finance & InvestmentEconomyNewsNigeriaWestern Africa
CBN to debit banks on Thursday after CRR Raise To 32.5%
The Central Bank of Nigeria (CBN) says it will debit all banks in the country on Thursday, Sept. 29, for the Cash Reserve Ratio (CRR) to allow for the mopping-up of liquidity. …
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AfricaAFRICA NEWSBusinessFinance & ServicesNewsNigeriaTechnologyWestern Africa
eNaira platform now available, says CBN
The Central Bank of Nigeria on Friday said the eNaira platform was available after the completion of the maintenance process. The apex bank earlier announced that the platform was down …
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AfricaAFRICA NEWSBusinessFinance & ServicesNewsNigeriaTechnologyWestern Africa
eNaira services temporarily unavailable, CBN confirms
The Central Bank of Nigeria’s digital currency, eNaira is currently not available due to an ongoing maintenance process, the financial regulator confirmed, Thursday. Recall that the CBN has been at …
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Banking, Finance & InvestmentBusinessNigeriaTechnologyWestern Africa
Flutterwave secures grant by CBN for Switching and Processing license
Africa’s leading payments technology company, Flutterwave has recently been granted a Switching and Processing License by the Central Bank of Nigeria (CBN). The license, which is widely regarded as CBN’s …
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AfricaAFRICA NEWSBanking, Finance & InvestmentBusinessGlobal NewsNewsNigeriaWestern Africa
Fidelity Bank set to acquire Union Bank UK
Fidelity Bank Plc has entered a binding agreement to acquire a 100 percent equity stake in Union Bank UK Plc. The bank made this known in a corporate filing on …
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AfricaAFRICA NEWSBanking, Finance & InvestmentBusinessEconomyNewsNigeriaWestern Africa
CBN records N2.4B diaspora remittances under its Naira 4 dollar scheme
Central Bank of Nigeria (CBN), says Nigeria has recorded $2.4 billion in diaspora remittances under the “Naira 4 Dollar Scheme” in 2022. Director of Trade and Exchange Department CBN, Ozoemena Nnaji …
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AfricaAFRICA NEWSAviationBanking, Finance & InvestmentBusinessNewsNigeriaWestern Africa
Trapped fund: CBN releases $265M to airlines
The Central Bank of Nigeria (CBN),on Friday, released the sum of 265 million dollars to airlines operating in the country to settle outstanding ticket sales. According to a statement issued …