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"Under the plan, 200,000 beneficiaries will be engaged as financial services operators under a Shared Agent Network Expansion Facility (SANEF) scheme operated by the Central Bank of Nigeria; over 30,000 have already been engaged as geospatial experts and enumerators in the Economic Sustainability Plan’s Mass Agric programme, while several others will have the option of benefiting from the GEEP micro-enterprise loans," a statement details.
Beneficiaries of the N-Power initiative who have concluded the two-year job programme will now be able to access permanent job opportunities or business prospects in line with the N-power exit strategy now activated by the Muhammadu Buhari administration.
This was announced in a circular issued to all deposit money banks, mobile money operators and payment service providers on Monday and signed by Musa Jimoh, the director of payments system management department, and Kevin Amugo, director of financial policy and regulation department.
Reason: the industry is faced with a tougher operating environment that could threaten the operators’ ability to meet their stakeholders’ needs and expectations yet perform meaningful corporate social responsibility roles.
Diaspora remittances into Nigeria fell by 27 percent, year-on-year (y/y) to $12.9 billion as at September 2020 from $17.6 billion in the corresponding period of 2019.
The CBN, in its third quarter economic report, a copy of which newsmen obtained yesterday, however, said aggregate forex inflow to the economy declined by 2.2 per cent and 30.4 per cent below $21.95 billion and $30.83 billion in the preceding quarter and corresponding quarter of 2019, respectively.
The Central Bank of Nigeria (CBN) has instructed deposit money banks (DMBs) to close all naira accounts of international money transfer operators (IMTOs).
A total volume of 2,781,526,188 transactions valued at N319.99trn was recorded in the third quarter of this year based on data on electronic payment channels in the Nigeria banking sector, the Nigerian Bureau of Statistics has said.
The Central Bank of Nigeria (CBN) has introduced a new pricing regime for the enhanced Treasury Single Account (TSA) e-collection model.
Following last week’s introduction of 90-day special bills by the Central Bank of Nigeria (CBN), the apex bank yesterday sold N4.1 trillion worth of the instrument in the money market.
Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele said beneficiaries of diaspora remittances will now be paid in dollars from today, Friday, 4th December, 2020.
The Governor of the Central Bank of Nigeria, Godwin Emefiele, on Thursday said the target of the CBN was for the country to attract about $2bn monthly as remittances from citizens in diaspora.
Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says deposit money banks will begin remittances from international money transfer operators (IMTOs) on Friday, December 4.
Following its new policy that grants unfettered access to forex from Diaspora and other money transfer remittances, the Central Bank of Nigeria (CBN) yesterday directed all banks to close all naira ledger accounts opened for receiving International Monetary Transfer Operators’ (IMTOs’) proceeds.
The Banking Supervision Department of the Central Bank of Nigeria (CBN), on Wednesday, announced the introduction of Special Bills as part of its efforts to deepen the financial markets and avail the monetary authority with an additional liquidity management tool.
The Central Bank of Nigeria (CBN) on Wednesday released a new circular clarifying its new rule on receipts of forex inflows from Diaspora remittances.
The Central Bank of Nigeria (CBN) has issued fresh directives to International Money Transfer Operators (IMTOs) on foreign currency payment in cash to beneficiaries of diaspora remittances.
Youths and agitators in Niger-Delta have kicked against the seven-day ultimatum by the Movement for the Emancipation of Niger-Delta, MEND, to the Minister of Niger Delta Affairs, Senator Godwill Akpabio and Niger Delta Development Commission, NDDC, over the issuance of deployment letter to youths employed by the interventionist agency.
The celebrities took to their Instagram handles to pay tribute and mourn the ace broadcaster who had contributed immensely to American Journalism.
Threats by the Inspector-General of Police, Mohammed Adamu, to arrest Sunday Adeyemo popularly known as Igboho over his alleged involvement in the violence that took place in Oyo State, received serious knocks from the Middle Belt Forum on Sunday.
The Central Bank of Nigeria (CBN) has directed banks to deny exporters with unrepatriated export proceeds from accessing all banking services by January 31.
Malawi's former President Peter Mutharika's quest to remove restrictions on his bank accounts which were frozen as part of a corruption investigation has ended in failure.
On loan to Manchester United from Chinese side, Shanghai Shenhua in a deal which will expire at the end of this month after the initial six months loan was extended retired from international football after the 2019 AFCON, where he finished as top scorer.
Osun government has directed civil servants below grade level 12 to work from home effective from Jan. 25 to minimise the spread of coronavirus in the state.
Festus Marinho, the first group managing director (GMD) of Nigerian National Petroleum Corporation (NNPC), died at age 87 on Tuesday.
The Ekiti State Security Network Agency otherwise known as Amotekun Corps has arrested four persons suspected to be members of a kidnap unleashing terror in the state.
The officers, deployed from the Police Mobile Force – 9 PMF Squadron, Kano, were on their way from an operation in Niger state when their convoy ran into the ambush.