In the wake of the one year anniversary of the #endSARS protests and as the CBN launches eNaira on Monday October 25, 2021, Peter Achalla analyses the issues around the planned CBDC and CBN’s technical partner. The Central Bank of…
CBN disburses N60b to fund Lagos rail infrastructure
The Central Bank of Nigeria (CBN) is looking at injecting a second tranche of N60 billion funding in the blue rail line project under construction by the Lagos State government. This was made known by the CBN director development finance…
Godwin Emefiele, Bitt Inc. and that lavish 60th birthday bash in Jamaica – Onyema Dike
The Central Bank of Nigeria announced that it would launch its digital currency, eNaira on October 1, 2021. It did not happen. In a statement, explaining the change in the October 1 launch date, the apex bank said it did…
Research identifies KongaPay as Nigeria’s leading e-wallet platform
KongaPay, a Central Bank of Nigeria (CBN)-licensed fintech platform, has been identified as the leading provider of digital payment services for e-commerce transactions in Nigeria. The rating came from Statista, a globally renowned market and consumer data firm, according to…
Full text of President Muhammadu Buhari’s address on the occasion of Nigeria’s 61st Independence Anniversary, Friday 1st October 2021
Citizens of Nigeria. It is with full gratitude to God that today, we celebrate Nigeria’s sixty first Independence Anniversary. 2. For 1st of October 1960 to happen, all hands were on deck. East, West, North all came together…
Banks intensify competition for deposits, raise interest rates by 140%
Banks have raised deposit rates by 140 per cent in a bid to attract more funds from customers and address the sluggish growth in deposit recorded in the first half of the year (H1’21). The development appears to be a…
Over one million register for eNaira in 24 hours
The official website of the Central Bank of Nigeria’s (CBN) digital currency, the eNaira, enaira.com has gone live, recording over one million registrations in 24 hours. The website of the digital currency went live ahead of its formal introduction on…
Dollar hits N575 two days after Aboki FX update suspension
The dollar rose to between N572 and N575 in different parts of the country on Monday barely two days after online platform, Aboki FX, stopped providing updates on the exchange rate. Our correspondent, who visited the ever-busy Wuse Zone 4…
All iffy on the economy front – Isidore Emeka Uzoatu
Like a movie, President Muhammadu Buhari is slowly approaching the end of his second and final four-year tenure. Without mince, it can be posited that what zoomed in as a box-office blockbuster is now fading out as a low-budget experiment. …
Making Nigeria work according to Sanusi – Uzor Maxim Uzoatu
For The Good Of The Nation – Essays And Perspectives By Sanusi Lamido Sanusi; ALFA Books, Ikoyi, Lagos; 2021; 509pp Sanusi Lamido Sanusi, former governor of the Central Bank of Nigeria (CBN) and the past Emir of Kano, would want…
