CBN Archives - TELESQUIB MEDIA

MTN Gets CBN Approval To Operate Payment Service Bank

adminApril 11, 2022

by adminApril 11, 20220246

File photo of MTN office. Telecommunication giant, MTN, has received the final approval to operate as Momo Payment Service Bank Limited (Momo PSB). The approval was granted by the Central Bank of Nigeria (CBN), according to a statement issued on Monday by MTN Secretary, Uro Ukpanah. “MTN Nigeria Communications PIc......

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CBN Fines Four Banks Over N800m For Violating Crypto Policy

adminApril 7, 2022

by adminApril 7, 20220289

In this file photo taken on February 06, 2018 A picture taken on February 6, 2018 shows a visual representation of the digital crypto-currency Bitcoin, at the “Bitcoin Change” shop in the Israeli city of Tel Aviv. (Photo by JACK GUEZ / AFP) The Central Bank has fined four banks......

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Nigeria’s Fertiliser Plants Increased By 41 In Seven Years – CBN Governor

adminMarch 23, 2022

by adminMarch 23, 20220285

A file photo of CBN Governor, Mr Godwin Emefiele. Nigeria has improved its fertiliser blending plants by at least 41 since President Muhammadu Buhari assumed office in 2015. The Governor of the Central Bank of Nigeria, Godwin Emefiele, disclosed this on Tuesday at the commissioning of the Dangote Fertiliser Plant......

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JUST IN: CBN Retains Benchmark Interest Rate At 11.5%

adminMarch 21, 2022

by adminMarch 21, 20220280

CBN Governor, Godwin Emefiele. The Central Bank of Nigeria’s Monetary Policy Committee has retained the Monetary Policy Rate (MPR) at 11.5% and kept all other parameters unchanged. CBN Governor Godwin Emefiele made the announcement while addressing journalists on Monday. The MPR, which has remained unchanged for months, is a tool......

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CBN To Stop Sale Of Forex To Banks By Year End

adminFebruary 10, 2022

by adminFebruary 10, 20220329

The Central Bank of Nigeria has revealed that it would stop the sale of foreign exchange to banks by the end of the year. CBN Governor, Godwin Emefiele, said the banks must begin to source their forex from export proceeds. Read Also: How Diaspora Remittances Increased From $6m Weekly To......

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Non-Oil Exports: CBN Announces Programme For Repatriation Of $200bn In Three-Five Years

adminFebruary 10, 2022

by adminFebruary 10, 20220284

Central Bank Governor Godwin Emefiele held a press briefing on February 10, 2022 in Abuja. The Central Bank Governor Godwin Emefiele on Thursday announced a programme that seeks to repatriate $200bn exclusively from non-oil exports over the next three to five years. The RT200 FX Programme, according Mr. Emefiele, targets......

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CBN Cautions Against Loan Sharks, Asks Nigerians To Approach Legal Outfits

adminJanuary 26, 2022

by adminJanuary 26, 20220262

The Central Bank of Nigeria (CBN) has cautioned Nigerians against seeking credit facilities from loan sharks for financial purposes. CBN Governor, Godwin Emefiele, gave the warning while addressing reporters at the end of the Monetary Policy Committee meeting held on Tuesday in Abuja. “On loan sharks, what we have done......

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JUST IN: CBN Committee Retains Benchmark Interest Rate At 11.5%

adminJanuary 25, 2022

by adminJanuary 25, 20220268

CBN Governor, Godwin Emefiele. The Central Bank of Nigeria’s Monetary Policy Committee on Tuesday retained the Monetary Policy Rate (MPR) at 11.5% and kept all other parameters unchanged. CBN Governor Godwin Emefiele made the announcement while addressing journalists at the bank’s headquarters in Abuja. The MPR, which has remained unchanged......

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Nigeria Launches Digital Currency eNaira

adminOctober 25, 2021

by adminOctober 25, 20210392

President Buhari during the launch said the adoption of new CBN digital currency is estimated to increase Nigeria’s GDP by $29 billion. President Muhammadu Buhari has launched the country’s digital currency, eNaira. The event was held on Monday at the State House in Abuja, with the Vice President, Yemi Osinbajo;......

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eNaira Will Open New World Of Innovations – Expert

adminOctober 25, 2021

by adminOctober 25, 20210328

A photo collage of the CBN building and eNaira logo. A fintech expert, Ayowande Adaelemo has described the Nigerian Central Bank Digital Currency (CBDC), known as the eNaira, as a game-changer that will open a new world of innovations. The founder of a fintech company called Atmosphere said this on......