CBN lifts ban on Crypto-currency Transactions
The Central Bank of Nigeria has lifted ban on crypto currency transactions in the country. The apex bank has thus instructed commercial banks to jettison its previous instruction on crypto…
Naira notes: There’s sufficient stock for economic activities, CBN assures Nigerians
Amidst complaints by some Nigerians about scarcity of Naira notes, the Central Bank of Nigeria (CBN) says there is adequate supply of the currency. The News Agency of Nigeria (NAN)…
CBN raises alarm, warns public over circulation of fake banknotes
The Central Bank of Nigeria (CBN) has raised an alarm concerning the proliferation of counterfeit banknotes, particularly in higher denominations. A statement from the CBN signed by Mrs Sidi Ali,…
CBN freezes accounts without BVN, NIN April 2024
The Central Bank of Nigeria has directed a “Post no Debit” restriction on all bank accounts without a Bank Verification Number and National Identification Number effective April 2024. “Post No…
Tinubu rings NASDAQ Stock Market’s closing bell
President Bola Ahmed Tinubu marked his first official trip to the United States and made his first stop at the National Association of Securities Dealers Automated Quotations Stock Market (NASDAQ)…
Customs, 62 other MDAs to stop direct revenue collection — Presidential Committee
The Nigeria Customs Service and 62 other Ministries, Departments and Agencies (MDAs) of the Federal Government will stop direct collection of revenue, the Presidential Committee on Tax Policy and Fiscal…
FG will save N2tr from subsidy removal in six months, says World Bank
The World Bank has predicted that the Federal Government will save N2 trillion in the remaining six months of 2023 with the removal of petrol subsidy and over N11 trillion…
More new notes in circulation soon – CBN
The Central Bank of Nigeria (CBN) has hinted that more newly redesigned banknotes will be in circulation soon. Nigerians have raised the alarm over the scarcity of redesigned banknotes of…
SEC unveils redesigned e-dividend management platform July 31
The Securities and Exchange Commission says the redesigned electronic Dividend Mandate Management System platform will be inaugurated on July 31. The Director-General of SEC, Mr Lamido Yuguda, said this…
Harnessing the benefits of cashless Policy on Credit allocation in a developing Nation
Going cashless is not supposed to be controversial in a fast growing economy such as that of Nigeria. The monetary policy is not only eases one’s life but also helps…