Tag: CBN
CBN: 45% Nigerian adults’ve no bank account
The Central Bank of Nigeria (CBN) has said about 45% of Nigerian adults do not have a bank account for transactions.
The apex bank also...
CBN unveils e-Naira USSD code
The Central Bank of Nigeria (CBN) has unveiled the Unstructured Supplementary Service Data (USSD) for the e-Naira to enhance financial inclusion in the country.
The...
CBN targets 8m fresh eNaira users
In its drive to get Nigerians accept the digital currency, the Central Bank of Nigeria (CBN) is targeting eight million fresh users of eNaira...
CBN raises interest rate to 9% on intervention facilities
The Central Bank of Nigeria (CBN) has increased the interest rate of its intervention facilities from five per cent to nine per cent.
The bank...
EFCC chair: How banks’ mgt stole billions, ruined lenders
The Chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, has highlighted how Nigerian banks were ruined by the lenders’ management.
Bawa stated...
Polaris Bank speaks on purported N40bn sale
The management of Polaris Bank has opened up on the purported sale of the bank to a businessman for N40 billion.
The bank in a...
Experts proffer solution as naira falls again to dollar
The naira on Tuesday depreciated against the dollar at the Investors and Exporters window, exchanging at N430.67.
The figure represented a decrease of 0.42 per...
CBN allays Nigerians’ fears, vows to tackle forex crisis
Amid the rising demand for foreign exchange, the Central Bank of Nigeria (CBN) has advised Nigerians to resist the urge of succumbing to the...
Senate invites Emefiele over naira depreciation
The Senate, on Wednesday, resolved to invite the Governor of the Central Bank of Nigeria, Godwin Emefiele, to educate and inform senators in a...
Firstmonie Agents process N22trn transaction
Firstmonie Agents, agent banking network of First Bank of Nigeria Ltd., have collectively processed transaction volume in excess of one billion, amounting to over N22...
