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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 extends deadline for dollar for naira promo

The Central Bank of Nigeria has extended the deadline for its Naira 4 Dollar Scheme indefinitely.
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 approves 10 additional IMTOs to boost diaspora remittances

The Central Bank of Nigeria (CBN) has approved 10 additional international money transfer operators (IMTOs) to boost 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.

Nigeria’s central bank releases list of approved money transfer operators

The Central Bank of Nigeria has published a list of the international money transfer operators (IMTOs) approved for 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.

CBN governor: Nigeria needs solid digital economy

Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has said Nigeria needs to build a solid digital economy to further drive growth.
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.

Coronavirus: CBN doubles loan disbursement to N300 billion – bank governor

The Central Bank of Nigeria (CBN) says it plans to double the Targeted Credit Facility (TCF) from the initial N149.21 billion to N300 billion following the resounding success recorded in the disbursement of the Covid-19 loans to the applicants.

Fidelity Bank keys into CBN’s new policy on diaspora remittance inflows

Fidelity Bank has restated support for the Central Bank of Nigeria’s (CBN) efforts to engender sustainable economic development by improving Diaspora remittances and foreign exchange (FX) inflows into the country.
When contacted, the Chairperson of Nigerians In Diaspora Commission, Abike Dabiri-Erewa, said the affected persons would have to liaise with the mission in UAE for more information.

NiDCOM chief applauds CBN over ‘Naira 4 Dollar Scheme’

Chairman/CEO of Nigerians in Diaspora Commission (NiDCOM), Hon. Abike Dabiri-Erewa, has applauded the Central Bank of Nigeria on the introduction of ‘Naira 4 Dollar Scheme’ for diaspora remittances following its policy of remittance issuance in the currency of remittance.
The naira this morning reversed its two weeks loss to the dollar in the parallel market, appreciating by N20 to N470 per dollar.

Bureau de Change operators want more action to support Naira

The Association of Bureau De Change Operators of Nigeria (ABCON) on Monday said that a competitive Diaspora Remittance market space would engender Naira stability.

CBN: New policy on offshore remittances will reduce cost, tackle round-tripping

The Central Bank of Nigeria (CBN) has said that its new “CBN Naira 4 Dollar Scheme” which comes into effect on Monday is aimed at providing Nigerians abroad with cheaper and more convenient ways...
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 says new scheme will ease diaspora remittances

The Central Bank of Nigeria has explained that its new “Naira 4 Dollar Scheme” seeks to make remittance through formal bank channels cheaper and more convenient for Nigerians in the diaspora.
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 introduces N5 insective per dollar for diaspora remittances

The Central Bank of Nigeria (CBN) on Saturday introduced a new incentive to encourage inflow of diaspora remittances.
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.

Nigeria’s central bank vow sanctions against IMTOs still paying remittances in naira

The bank had in December 2020 directed that IMTOs and commercial banks in the country pay beneficiaries of diaspora remittances in foreign currencies, in a bid to deepen the foreign exchange market and create transparency in the administration of diaspora remittances into Nigeria.
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.

Central bank threatens firms over diaspora remittances in local currency

The Central Bank of Nigeria (CBN) has directed payment switching and processing companies to stop local currency transfer of diaspora remittances received through International Money Transfer Operators (IMTOs), with a threat to revoke licences of defaulting firms.
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 tackles recalcitrant IMTOs over diaspora remittances

The Central Bank of Nigeria (CBN) has expressed displeasure that some International Money Transfer Operators (IMTOs) continue to pay remittances in local currency contrary to its recent policy that granted unfettered access to forex from Diaspora and other money transfer 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.

CBN: Azimo, Transfer Wise not licensed money transfer operators

The Central Bank of Nigeria (CBN) on Wednesday warned that Azimo and Transfer Wise are not licensed to operate as 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 warns banks, IMTOs still paying remittances in Naira

The Central Bank of Nigeria has expressed displeasure towards some banks and international money transfer operators (IMTOs) that have, despite its recent directive, continued to pay remittances in local currency.
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 disclaims Transferwise, Azimo

The Central Bank of Nigeria (CBN) has alerted the public on the activities of two unauthorised International Money Transfer Operators (IMTOs), Transferwise and Azimo.
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.

How money transfer operators sabotage naira – CBN chief

Despite an estimated annual diaspora remittance of $24 billion, international money transfer operators (IMTO) have been shortchanging recipients by delivering in local currency and using the hard currency to attack the naira.

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.

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The state’s Commissioner for Information and Strategy, Mr Declan Emelumba who received the family in his office in Owerri, described her death as a ‘huge loss’.

Imo government condoles with family of student killed by stray bullet

Imo Government on Wednesday condoled with the family of Miss Divine Nwaneri, a first-year student of the Imo State University, who was killed by a stray bullet on April 24.
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World Bank to construct 13.16km Lagos farm roads

Lagos State Government says its World Bank-assisted Agro-Processing, Productivity Enhancement, Livelihood Improvement Support (APPEALS) Project will construct 13.16km Farm Access Roads (FARs) in four cluster areas.
The former Chief of Defence Staff to late Gen. Sani Abacha, Lt-Gen. Joshua Dogonyaro has died. He died at the age of 80.

Plateau governor mourns ex-CDS Dogonyaro

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Nine-time champion Rafael Nadal saved two match points to defeat Canada’s Denis Shapovalov in a three-set battle and advance to the quarter-finals of the Italian Open on Thursday.

Italian Open: Rafael Nadal beats Denis Shapovalov to reach quarter-finals

Nine-time champion Rafael Nadal saved two match points to defeat Canada’s Denis Shapovalov in a three-set battle and advance to the quarter-finals of the Italian Open on Thursday.
The Nigeria Police Force has quizzed Musician, Dapo Oyebanjo, aka D’Banj, over allegations of rape, according to a report.

D’banj set to unveil new female signee

Popular Nigerian singer, Dapo Oyebanjo, fondly known as D’banj, has revealed plans to unveil a new female signee to his record label, DB records.

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The Chairman of the Nigerian Governors’ Forum and the Governor of Ekiti State, Dr. Kayode Fayemi, has admonished the President, National Association of Nigerian Students (NANS), Comrade Sunday Asefon not to betray the confidence reposed in him by the entire students’ body.

#EndSARS: Ekiti victims awarded N3 million in damages

The Ekiti #EndSARS Panel of Inquiry has recommended payment of over N3.07 million compensation to shop owners in Odua Textile building, whose goods were looted during the protest in Ado-Ekiti in October 2020.

Abducted ABSU student set free

The last of three Abia State University Ututu (ABSU) students held hostage by abductors was set free Saturday evening.
A man sifts through cocoa, removing unwanted debris, at a cocoa cooperative in Gagnoa, Ivory Coast. Jacob Silberberg/Getty Images

Police rescue 68 children working on cocoa farms in Ivory Coast

Police in Ivory Coast have rescued 68 children working on cocoa farms, most of whom were trafficked from neighbouring Burkina Faso, authorities said.
Stakeholders in the Coalition of United Political Parties, CUPP, Tuesday, unveiled a new agenda aimed at repositioning the organisation into purposeful, focused and result-oriented opposition body that would champion the cause of governance in Nigeria

De-registration: Supreme Court judgement binding only on NUP – CUPP

The Coalition of United Political Parties (CUPP) has insisted that the recent Supreme Court judgement affirming the de-registration of 74 political parties is only binding on the National Unity Party (NUP).
The All Progressives Congress has named the Governor of Kogi State, Yahaya Bello as chairman of its Ondo State Governorship Primary Election Committee.

Kogi governor appoints cleaner as senior aide

The Kogi State Governor, Yahaya Bello, has announced the appointment of Peter Aliyu, a cleaner, as his Senior Special Assistant on Sanitation.