A former Governor of the Central Bank of Nigeria, Godwin Emefiele, was on Friday arraigned at the Federal High Court, Maitama, Abuja on 20-count bordering on alleged corrupt practices and forgery. Dressed in an ash coloured pair of trousers and…
Naira closes N756/$ as trading rises at investor’s window
The naira appreciated by 1.79 per cent against the United States dollar on the Investor & Exporter forex window on Tuesday, closing at N756.61/$. On Monday, local currency slumped to 770.38/$ at the close of trading on the I&E window…
How USSD and mobile money transactions are deepening Nigeria’s financial system – Toni Kan
Ask the average Nigerian how often he makes Unstructured Supplementary Service Data transactions and he or she will mostly likely tell you that they don’t. But mention USSD transactions and their faces will light up with recognition. USSD is shorthand…
Flutterwave bags switching, processing license, enables eNaira for businesses
Flutterwave, Africa’s leading payments technology company, yesterday announced that it has been granted a Switching and Processing License by the Central Bank of Nigeria, CBN. The license is widely regarded as CBN’s most valuable payments processing license. With this license,…
*Female passenger breaks bottle, stabs Lagos Uber driver over N4100 fare (Punch)*Lagos is ready for business, Sanwo- Olu assures Sweden, Denmark, Finland (Vanguard)
Female passenger breaks bottle, stabs Lagos Uber driver over N4100 fare (Punch) An Uber driver, identified only as Adewale, has accused a passenger, Laura, of stabbing him with a bottle during an argument in the Agungi area of Ajah, Lagos…
Economy gets first policy direction for 2019 today (Guardian)
In the absence of an approved budget for 2019, the Central Bank of Nigeria (CBN), will today, lead the way with a policy decision that revolves around interest rate and sustenance of interventions for frailties of fiscal authorities. The Monetary…
CBN may increase items on forex restriction list to 50 (Punch)
The Central Bank of Nigeria may increase the items on the foreign exchange restriction list from 42 to 50 in order to boost local production and stimulate the export market. The Governor, Central Bank of Nigeria, Mr Godwin Emefiele, said…
*We’ll dedicate Y2019 budget to complete ongoing projects – Ambode (Vanguard) * Firm plans to recycle plastics on Lagos waterways (Guardian)
December 25, 2018 We’ll dedicate Y2019 budget to complete ongoing projects – Ambode (Vanguard) Lagos State Governor, Mr Akinwunmi Ambode on Monday evening said the Y2019 budget of the State would be dedicated towards the completion of ongoing infrastructural projects,…
Electronic fraud in banking hits N6.1trn by 2021 – CBN (Guardian)
Mr Sunday Salam-Alada, Director, Consumer Protection Department, Central Bank of Nigeria (CBN) has said electronic fraud losses in the banking system are projected to reach N6.1 trillion by 2021. Salam-Alada disclosed this at the ongoing workshop for Business Editors and…
CBN resets structures, processes for mobile banking (Vanguard)
Against the backdrop of several complaints emanating from the banking public over services delivery and security in Nigeria’s nascent mobile banking environment, the Central Bank of Nigeria, CBN, is set to further improve the system. The apex bank has also…
