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Foreign Group exposes reasons investors avoid Nigeria

According to foreign investors in Nigeria's financial system, contradictory rules and procedures, are preventing investors from entering the nation. They said that the Central Bank...

World Bank laments Nigeria’s Inflation Rate

The Nigerian government's slow response to the inflation that is currently driving many Nigerians into poverty and food insecurity has drawn criticism from the...

CBN gives Pocket App go-ahead on MMO operations

Abeg Technologies Limited, a division of Piggytech Global Limited, has been given approval in principle (AIP) by the Central Bank of Nigeria (CBN) to...

MFBs, Others Contributed N2.79 trillion of Banking Industry Credit in 2021

Microfinance Banks(MfBs), Development Banks, merchant banks and mortgage banks (Other Financial Institutions - OFIs), in 2021 contributed N2.79 trillion representing 10.62 per cent of...

Central Bank of Nigeria to Launch Digital Currency Before December

The Central Bank of Nigeria (CBN) has disclosed plan to launch a digital currency before the end of this year. The Director, Information Technology, CBN,...

CBN Licenses 10 More International Money Transfer Operators

The Central Bank of Nigeria (CBN) has granted operating licences to 10 additional international money transfer operators (IMTOs) as part of efforts to boost...

CBN increases target credit facility for households, MSMEs to N300 billion

The Central Bank of Nigeria (CBN) has set aside another increased the amount set aside for the Target Credit Facility (TCF) for households, Small...

CBN Announces New Charges for USSD Services

The Central Bank of Nigeria (CBN) has introduced new charges for customers using the Unstructured Supplementary Service Data services. The apex bank said from Tuesday...

Apply NOW! COVID-19 Targeted Credit Facility Application Portal Re-Opened for New...

Nirsal Microfinance Bank has announced on twitter that the application portal  for the Targeted Credit Facility for COVID-19  which was launched last year as...

CBN to Increase Agric Sector Lending to 10%

The governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele has disclosed that the apex bank  is set to increase banking sector...