central bank of Nigeria

The National Pension Commission (PenCom) has approved the issuance and immediate implementation of the Guidelines on Accessing RSA Balance towards Payment of Equity Contribution for Residential Mortgage by RSA Holders. The commission on…

Clickatell, a CPaaS innovator and Chat Commerce leader, has partnered with the Central Bank of Nigeria (CBN) to deliver fast, simple, and cost effective eNaira banking services to all Nigerians using the USSD channel, eliminating the need…

Prominent Nigerians and economic agents are behind foreign exchange (FX) round tripping and hoarding in the country’s forex market, Mike Obadan, a member of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), has said.…

PalmPay, a fintech innovator aiming to make digital payment more accessible and flexible, announced that it has reached 10 million users in Nigeria. This represents a doubling in its user base within just six months and puts its…

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has explained why he wanted the Monetary Policy Rate, otherwise known as interest rate, to be increased to14.5 per cent. Emefiele expressed this inclination at the July…

Economic experts have raised concerns about the prostrate nature of the economy, exemplified by the contraction in the country's Gross Domestic Product (GDP). A recent data by the National Bureau of Statistics (NBS) shows that the GDP…

As part of its strategic plan to expand beyond the Nigerian market, Fidelity Bank Plc said it is binding to acquire a 100 per cent stake in Union Bank (United Kingdom) Plc. The bank disclosed this in a notification signed by its…

Access Holding Plc. has appointed Olanrewaju Bamisebi as the Executive Director, Information Technology and Digitization of the company. This was disclosed in a statement by the company’s secretary, Sunday Ekwochi. He said: “Access…

Shareholders of Jaiz Bank Plc has approved the Board of Directors request to raise N150bn through issuance of Sukuk or Equity from the Nigerian capital market. The approval was secured Tuesday at the Bank’s 10th Annual General Meeting…

The Central Bank of Nigeria (CBN) in collaboration with the Africa Fintech Foundry (AFF) is set to support 10 startups, to increase the adoption of eNaira in the country. Speaking on the new partnership, Head of AFF, Daniel Awe, claimed…