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Presidency: N-Power beneficiaries can now get permanent jobs

"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.

Nigerian government offers former N-Power beneficiaries exit strategies

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.
The Central Bank of Nigeria (CBN) has revealed that the aggregate domestic credit in commercial banks grew by 7.61 percent in October 2020, compared with 7.35 percent in the previous month.

CBN to review products launched by licensed financial institutions

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.
The recent declaration by the court that N50 stamp duty on teller deposits or electronic transfer of funds is illegal is in order, frontline Lagos Lawyer, Fred Nzeako, has said.

2021: Banks to walk a tightrope amid low revenue environment

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.

Nigeria: Diaspora remittances fall 27% to $12.9 billion

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 Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

Nigeria’s forex inflow hits $21 billion in Q3

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) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

CBN directs banks to close naira accounts of money transfer operators

The Central Bank of Nigeria (CBN) has instructed deposit money banks (DMBs) to close all naira accounts of international money transfer operators (IMTOs).
The recent declaration by the court that N50 stamp duty on teller deposits or electronic transfer of funds is illegal is in order, frontline Lagos Lawyer, Fred Nzeako, has said.

N50 stamp duty by banks illegal – Lagos lawyer

The recent declaration by the court that N50 stamp duty on teller deposits or electronic transfer of funds is illegal is in order, frontline Lagos Lawyer, Fred Nzeako, has said.
National Bureau of Statistics NBS

NBS: N319.99 trillion e-payments recorded in Q3 2020

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) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

CBN unveils new pricing template for TSA collections

The Central Bank of Nigeria (CBN) has introduced a new pricing regime for the enhanced Treasury Single Account (TSA) e-collection model.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

Central bank sells N4.1 trillion worth of special bills

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.
The naira this morning reversed its two weeks loss to the dollar in the parallel market, appreciating by N20 to N470 per dollar.

Central bank’s new forex remittances policy begins today

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.

Nigeria’s central bank targeting $2 billion diaspora remittances monthly – chief

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.

CBN: Nigerian banks set to begin payment of remittance inflows in forex

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.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

CBN directs banks to close naira accounts for IMTO proceeds

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 Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

Central bank unveils special bills

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) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

Central bank clarifies policy on diaspora remittances

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) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

Central bank issues fresh directives on foreign currency payment of diaspora remittance

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.

Recent Stories

Senator Godswill Akpabio, the Minister of the Niger Delta Affairs, has reacted to what he called “a cornucopia of false, malicious, and libellous press interviews” granted by Ms. Gbene Joi Nuineh, the erstwhile Acting Managing Director of the Interim Management Committee, of the Niger Delta Development Commission, (NDDC) in some news and social media platforms and a “series of concerted vicious campaigns of calumny deviously orchestrated by her” against his person.

Niger Delta youths, agitators rebuff MEND’s ultimatum to NDDC, minister

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.
Larry King, whose CNN “Larry King Live” made him a household name, was hospitalized at Cedars-Sinai Medical Center with COIVD-19, according to multiple reports. (Patrick T. Fallon - Bloomberg)

Nigerian celebrities mourn late ace broadcaster Larry King

The celebrities took to their Instagram handles to pay tribute and mourn the ace broadcaster who had contributed immensely to American Journalism.
The Miyetti Allah has called for the arrest of Chief Sunday Adeyemo popularly known as Sunday Igboho for the alleged assault on the Seriki Fulani of Oyo state, Alhaji Saliu Abdulkadir.

Middle Belt Forum: Arresting Sunday Igboho will escalate tensions

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) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

Nigeria’s central bank to stop exporters with unrepatriated proceeds from banking services

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 constitutional court on Monday ordered new elections after annulling the results of a vote that reelected President Peter Mutharika in May, citing widespread irregularities.

Malawi ex-president loses bid to unfreeze his accounts

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.