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Report: Electronic payment transactions hit N356.47 trillion in Q4

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.
A Zenith Bank logo is seen on a sign on top of the bank in Freetown, Sierra Leone August 19, 2017. REUTERS-Afolabi Sotunde

Zenith Bank pumps N11.3 trillion loans into economy in five years

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.

Nigerian banks get standard operating guidelines for BVN matching

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.

CBN governor: Trade restrictions policy to protect local industries

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

Banking industry report shows mixed development

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.
The Central Bank of Nigeria (CBN) says it will continue to do all within its regulatory powers to educate Nigerians to desist from use of cryptocurrencies — despite growing criticism.

CBN: No going back on cryptocurrencies

The Central Bank of Nigeria (CBN) says it will continue to do all within its regulatory powers to educate Nigerians to desist from use of cryptocurrencies — despite growing criticism.
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: Cryptocurrencies prone to financial crimes

Following reactions trailing a recent Central Bank of Nigeria (CBN) directive to Deposit Money Banks (DMBs) to desist from cryptocurrencies transactions, the apex bank has clarified that the intention is to ensure accountability.
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.

Why Nigeria’s central bank banned cryptocurrency trading

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.

Arewa, Ohaneze youths, others back central bank governor on crypto ban

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.
Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP), has again accused President Muhammadu Buhari of clamping down on the judiciary.

Atiku Abubakar faults CBN’s decision on cryptocurrency

Former Vice President Atiku Abubakar has criticised the decision of the Central Bank of Nigeria (CBN) to ban cryptocurrency trading in Nigeria.
Dr. Bishop Sam Zuga, the newly elected Archbishop of House of Joy ministry, popularly known as Jehovah Field Marshall has given reasons he would rather continue leading Nigeria to the right path by living an exemplary life rather than leading protests

Archbishop Sam Zuga: CBN lacks power to stop cryptocurrency

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 (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 hits crypto traders, directs banks to close their accounts

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) 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 shutdown crypto accounts

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.
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.
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 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.
Nigeria Naira

2020: Six Nigerian banks boost economy with N1.3 trillion credits

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.
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: Diaspora remittances now to be withdrawn in dollars

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.
Nigeria’s Private Sector led Coalition Against COVID-19, CACOVID, yesterday formally announced the flag-off of a nationwide distribution of multi-billion naira food palliative and other relief items to vulnerable Nigerians.

CACOVID provides activity updates, plans to empower youths, businesses

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.

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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’.

Argentina’s ambassador wants stronger footballing ties with Nigeria

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’.
Lagos State Commissioner for Health, Akin Abayomi, on Tuesday asked the passengers who were on the same plane with the lady to self-isolate as he released hotlines to call should they show any symptoms.

Official: Lagos on alert to prevent third wave of coronavirus

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.
Microsoft is offering hackers up to $100,000 if they can break the security of the company’s custom Linux OS. The software giant built a compact and custom version of Linux last year for its Azure Sphere OS.

Nigeria, Microsoft partner on ‘digital transformation’, target 27,000 jobs

The Nigerian government and Microsoft have detailed several projects aimed at intensifying the nation’s move to become a more digital economy.

PDP advises Nigerian government to create National Boarder Protection Force

The Peoples Democratic Party (PDP) has called for the creation of National Boarder Protection Force to secure Nigeria’s borders.

School reopens in South Sudan after more than year of closure

School reopened on Monday in South Sudan after closure for more than one year due to the Coronavirus pandemic (COVID-19).

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Seventy-five members of the Boko Haram and Islamic State West Africa Province (ISWAP) terrorist groups have been killed by the military across the North East in the last six weeks.

Military repels fresh Boko Haram attack on Borno town

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.
FILE PHOTO: A student studies in the sunshine at Georgetown University in Washington, U.S., March 9, 2021. REUTERS/Kevin Lamarque

U.S. eases coronavirus restrictions on Chinese students

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.
Ole Gunnar Solskjaer says Paul Pogba is still not fully fit but backed the Manchester United midfielder to “get better and better” after the dramatic 3-2 win at Brighton and Hove Albion.

Paul Pogba: Manchester United will be a threat to Manchester City next season

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 Director-General, Lagos State Pension Commission (LASPEC), Babalola Obilana, made the disclosure during a meeting with the Pension Fund Administrators (PFAs) and insurance companies at Alausa, Ikeja.

Lagos government pays 358 retirees N1 billion for April

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.
Raiola is one of football’s biggest agents, boasting of managing some world-class clients such as Paul Pogba, Marco Verratti, Zlatan Ibrahimovic, and of course the wonderkid Erling Haaland.

Manchester United edging closer to Erling Haaland transfer decision

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.