CBN
Moghalu Faults Buhari’s Directive To CBN over forex ban to food imports
Former CBN deputy governor and the presidential candidate of the Young Progressives Congress (YPP) in the 2019 general elections, Professor Kingsley Moghalu, has criticised the presidential ban on providing foreign exchange for the importation of food into the country. Professor Moghalu made his feelings known in an interview on Wednesday. “The Central Bank does not …
Disagreement over ‘dirty Naira Note’ turns bloody in Lagos
A disagreement between a commercial motorcyclist and his passenger over a dirty Naira Note on Saturday in Lagos, turned bloody as irate youth beat the cyclist to a state of comma. A Correspondent of the News Agency of Nigeria (NAN) who witnessed the incident reports that the cyclist, identified as Okon Akpan, had conveyed his …
CBN swaps $2.5b with China
The Central Bank of Nigeria (CBN) has executed a $2. 5 billion bilateral currency swap agreement with the Peoples Bank of China (PBoC). The Governor of the CBN, Mr. Godwin Emefiele, led CBN officials while PBoC Governor, Dr. Yi Gang, led the Chinese team at the official signing ceremony in Beijing, China, last Friday, the …
Fire at CBN headquarters
There was confusion at the headquarters of the Central Bank of Nigeria (CBN), Abuja yesterday following a fire outbreak at the premises of the apex bank. The fire was said to have started about a few minutes past 6:00p.m. and lasted for about 30 minutes before it was put out. It was gathered that men …
CBN limits USSD transactions to N100, 000 per day
By Babajide Komolafe EFFECTIVE from June this year bank customers will not be able to use Unstructured Supplementary Service Data (USSD) channel to conduct transactions more than N100, 000 per day. Also they will have to use both their PIN and a soft token to authenticate transactions above N20, 000. The USSD is a technology platform …
Keystone Bank partners NIPOST, launches agency banking
One of Nigeria’s most reliable financial institutions, Keystone Bank Limited has launched ‘KeyServ’ (An Agency Banking Proposition) to serve customers outside its conventional brick & Mortar mode of banking. The initiative in partnership with the Nigerian Postal Service (NIPOST) and i-OneC (A FinTech Firm) is in line with the Central Bank of Nigeria (CBN) Financial …
CBN: Nigeria’s external reserves hit $46 billion
The Central Bank of Nigeria (CBN) on Sunday disclosed that the nation’s external reserves currently stands at $46 billion, saying the figures are steadily heading towards the $50 billion mark. Figures obtained from the Central Bank of Nigeria (CBN) at the weekend indicate that the reserves grew by about $3.2 billion between February and March …
Farming season: Lagos farmers seek for govt’s support
Ekocity Magazine with Agency report — The season of planting maize, cassava, vegetables and legumes in all parts of the country is here again. Although there has been an abnormal rainfall pattern since the beginning of the year, farmers in many parts of the country geared up to taking advantage of the little first rainfall …
5 people to notify before you travel overseas
With the plethora of information online, abundant travel agencies and alluring vacation packages, international travel has never been easier. In the process of making the necessary arrangements, however, certain details that seem minor at the time are neglected, one of them being ‘making the necessary notifications before the trip’. Yes, social media makes it easy to stay …
