CBN

October 25, (THEWILL) – The Central of Nigeria (CBN) has released the supervisory framework for Payment Service Banks (PSBs) which, among other things, empowered the PSB operators to sell foreign currencies, especially dollars, to authorised foreign exchange dealers. The CBN...

Emerging economies across the would especially countries across sub sahara Africa have always had a date with debt servicing. And this alone is causing a huge deficit to their domestic fiscal policies. A situation that many of this emerging...

October 21, (THEWILL) - The National Economic Council (NEC) has resolved to review the Central Bank of Nigeria’s (CBN) plan to commence deductions from state governments’ share of the monthly federal allocations. The deductions are for the repayment of...

October 20, (THEWILL) - The Central Bank of Nigeria (CBN) and the Asset Management Company of Nigeria (AMCON), have announced the completion of a Share Purchase Agreement (SPA) for the acquisition of 100 percent of the equity in Polaris...

The Real Sector Development Initiatives of the Central Bank of Nigeria (CBN) were introduced to stimulate and sustain growth in key sectors of the economy, revive moribund projects, empower the youth population, explore the untapped potential in various economic...

October 16, (THEWILL) – The Governor, Central Bank of Nigeria (CBN), Godwin Emefiele, the Group Managing Director/Chief Executive Officer, United Bank for Africa (UBA) Plc, Oliver Alawuba and other experts from the global international markets, will lead the discussions...

Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has invited foreign investors to consider Nigeria and other countries in Africa as their choice investment destination, noting that business confidence in the continent is on the rise. The...

October 7 (THEWILL) - Globacom has unveiled a banking payment service platform called MoneyMaster PSB, to serve the unbanked and underbanked in Nigeria. In a statement on Friday, Glo said the PSB commenced commercial operations on May 30, 2022, while MoneyMaster...

October 06, (THEWILL) - On Thursday, the Central Bank of Nigeria (CBN) said cumulative disbursements under the Real Sector Support Facility (RSSF) currently stand at N2.1 trillion. CBN spokesman, Osita Nwanisobi, made the disclosure at the ongoing 17th Abuja International Trade...

CBN INTERVENTIONS IN DELTA AND EDO STATES The Central Bank of Nigeria undertakes some developmental functions to facilitate the attainment of its objectives. These include stimulating finance to key sectors of the economy like the agricultural and real sectors, facilitating...