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Remittances From Diaspora Nigerians Hit $4.2bn In 10 Months—Cardoso

The Central Bank of Nigeria (CBN) has disclosed that diaspora remittances through International Money Transfer Operators (IMTOs) hit $4.22bn between in the first 10...
Business

Support CBN’s Monetary Reforms To Stabilize Economy, Cardoso Tells Bank CEOs

The Central Bank of Nigeria Governor, Olayemi Cardoso has tasked the Bankers’ Committee on collaboration to sustain the efforts gained in the ongoing monetary...
Business

Economist Urges CBN To Leverage IT, BVN For Bank Offer Verifications

An economist, Mr. Johnson Chukwu has called on the Central Bank of Nigeria (CBN) to utilize available infrastructure technology and the Bank Verification Number...
Business

CBN Ends Monetary Intervention As Power, Airline Projects Receive N317.8bn

A total of N317.8bn has been disbursed for airline and power sector related projects in the last 14 years, according to data from the...
Business

CBN’s Stringent Fight Against Inflation Yielding Positive Results- Cardoso

Governor of the Central Bank of Nigeria, Mr Olayemi Cardoso, has said that the apex bank’s stringent fight against inflation is centred on the...
Business

CBN Imposes N15bn Penalties On 29 Banks For Violations

The Central Bank of Nigeria (CBN) has imposed penalties totalling N15bn on 29 banks for violations, including breaches of Anti-Money Laundering (AML) and Counter...
Business

Stop Interest Hiking, Experts Tell CBN As Apex Bank Raises Rate Again

Some financial experts have said that the CBN’s 25 basis points rate hike signals a potential pause in interest rate increases starting next year,...
Business

CBN May Raise Interest Rate Again — Uwaleke

Financial Expert, Professor Uche Uwaleke, says the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) is likely to raise interest rate...
Business

Africhange Secures CBN’s IMTO Licence To Boost Cross-Border Remittances

Africhange, a cross-border remittance service provider has announced that its Nigerian subsidiary, Currenzo, has secured the International Money Transfer Operator licence from the...
Business

FBN Holdings To Surpass CBN’s N500bn Recapitalisation, Targets N730bn

The Group Managing Director of FBN Holdings, Nnamdi Okonkwo, has announced plans to bolster Nigeria’s oldest banking group to a N730bn capital base by...
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