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A total volume of 3,464,811,083 transactions worth N356.47 trillion was recorded on electronic payment channels in the fourth quarter of 2020 (Q4 2020), the National Bureau of Statistics (NBS), stated yesterday.
Leading Tier-1 deposit money bank (DMB), Zenith Bank Plc granted expansive facilities in loans and advances totaling N11.3 trillion in the past five years: 2016-2020, data from its annual reports has revealed.
The Nigeria Interbank Settlement System (NIBSS) has issued approved standard operating guidelines for the Bank Verification Number (BVN) matching system, mainly for a harmonised way of verifying customer’s identity.
The Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, yesterday defended the apex bank’s restrictive trade policy, stressing that it was meant to protect local industries from unfavourable competition and to create jobs for Nigerians.
The Central Bank of Nigeria, CBN, staff report has indicated that the banking industry ended 2020 in a mixed performance. But members of the apex bank’s Monetary Policy Committee, MPC, its highest policy body, have indicated that the industry remained resilient and sound despite some negative impacts of the COVID-19 pandemic during the year.
Investigations have revealed that, the federal government and the CBN were warned by the United States’ Federal Bureau of Investigation, (FBI), on the activities of fraudsters using cryptocurrencies to bringing into the country hundreds of millions of US Dollars illegally obtained from the USA and other Western economies.
The Arewa Consultative Youth Movement, Ohanaeze Ndi Igbo Youth Movement, Oduduwa Youths and Middle Belt Youths have hailed the Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, over the bank’s recent policy stopping Deposit Money Banks (DMBs), non-financial institutions and other financial institutions from doing business in crypto and other digital assets.
Former Vice President Atiku Abubakar has criticised the decision of the Central Bank of Nigeria (CBN) to ban cryptocurrency trading in Nigeria.
Archbishop Sam Zuga has reacted to the Central Bank of Nigeria’s (CBN) new order on Cryptocurrency. The Apex bank had directed Deposit Money Banks (DMBs) and other financial institutions to close accounts of persons who are using their systems for cryptocurrency trading.
The Central Bank of Nigeria yesterday directed banks and other financial institutions to immediately close any accounts dealing in cryptocurrency or facilitating payment for crypto currency exchange, with immediate effect.
The Central Bank of Nigeria, CBN, has directed Deposit Money Banks (DMBs), Other Financial Institutions (OFIs) and Non-Bank Financial Institutions (NBFIs) local financial institutions against having any transactions in crypto or facilitating payments for crypto exchanges.
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.
The Central Bank of Nigeria (CBN) has instructed deposit money banks (DMBs) to close all naira accounts of international money transfer operators (IMTOs).
The Central Bank of Nigeria (CBN) has introduced a new pricing regime for the enhanced Treasury Single Account (TSA) e-collection model.
Efforts to grow the nation’s economy has received a boost from the banking sector as six leading banks injected additional N1.337 trillion through loans and advances to their customers across all sectors of the economy between January and September 2020.
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.
The Central Bank of Nigeria (CBN), had announced a new policy initiative, which would help to boost remittance inflows and foster an environment of faster, cheaper, and more convenient flow of remittances back to the country.
The Coalition Against COVID-19 (CACOVID), a private sector alliance formed for the sole purpose of eradicating the coronavirus pandemic in Nigeria, has announced updates of its fully owned activities as well as intentions to support the government’s efforts in rebuilding the nation’s economy.
The Ambassador of the Republic of Argentina to Nigeria, His Excellency Alejandro Herrero has advocated the streghtening of footballing ties between Argentina and Nigeria, insisting that there are compelling commonalities between the two countries in the realm of the ‘beautiful game’.
The Lagos State government says all its facilities have been placed on high alert to pick up early trends that may suggest a third wave of COVID-19 in the state.
The Nigerian government and Microsoft have detailed several projects aimed at intensifying the nation’s move to become a more digital economy.
The Peoples Democratic Party (PDP) has called for the creation of National Boarder Protection Force to secure Nigeria’s borders.
School reopened on Monday in South Sudan after closure for more than one year due to the Coronavirus pandemic (COVID-19).
Sources said the insurgents were first sighted at the outskirts of the town before they started firing shots. Their movement were however curtailed as troops engaged them in a shoot-out, forcing the Boko Haram men to retreat.
The Biden administration on Tuesday said it was easing restrictions on Chinese and other students travelling to the United States this fall, potentially helping colleges whose enrollments declined during the coronavirus pandemic.
Manchester United midfielder Paul Pogba has revealed that the team will give Man City a run for their money in next season’s Premier League.
The Lagos State Government says it has credited the Retirement Savings Account (RSA) of 358 retirees with more than N1 billion for the month of April.
Manchester United are edging increasingly closer to a decision on Erling Haaland. Though they’d love to sign the Borussia Dortmund striker, Ole Gunnar Solskjaer also have several other transfer targets in mind. And much will depend on Edinson Cavani, whose future will soon become clear.