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Airtel has over 51 million subscribers in Nigeria. “Airtel on November 4, 2021, received approval in principle for a Payment Service Bank (‘PSB’) licence, but the super-agent licence is different from that”
Obadiah Mailafia, former Deputy Governor of the Central Bank of Nigeria (CBN), is dead.The 64-year-old development economist died at the National Hospital Abuja on Sunday morning. Luka Binniyat, the spokesman of the Southern Kaduna Peoples Union (SOKAPU), confirmed Mailafia’s death on Sunday. He became very famous in the country after […]
Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele, has confirmed the investigation of the founder of abokiFX, Oniwinde Adedotun. According to reports, the apex bank on Thursday opened an investigation on Adedotun and abokiFX Limited for “illegal foreign exchange transactions”. AbokiFX is a web platform that reports movements […]
Nigeria is the 6th leading country in the world in terms of cryptocurrency adoption, testament to the resilience of peer-to-peer monetary systems since the Central Bank of Nigeria banned cryptocurrencies. According to the Chainalysis’ 2021 Global Crypto Adoption Index published on Wednesday, global adoption of crypto assets has jumped by […]
Former vice president, Atiku Abubakar, says the federal government should prioritise job creation and opening of the economy rather than closing it. Atiku was reacting to the Central Bank of Nigeria’s (CBN) order directing non-bank financial institutions (NBFIs), and other financial institutions (OFIs) to close accounts of persons or entities […]
Nigerian disc jockey-turned-activist, DJ Switch, has accused the Federal Government of promoting poverty after the ban on cryptocurrency trading by the Central Bank of Nigeria (CBN). The CBN had directed banks on Friday to shut the account of those involved in cryptocurrency transactions in its systems. As Nigerians took to […]
The Central Bank of Nigeria (CBN) says Nigeria’s foreign exchange reserves increased from $34.94 billion in November 2020 to $36.23 billion as of January 21, 2021. The CBN governor, Godwin Emefiele on Tuesday provided these figures at a press conference at the end of the January monetary policy committee meeting. […]
On Tuesday, the naira suffered further decline at the parallel market and Investors and Exporters forex window. According to figures obtained from Bureau De Change operators, the naira exchanged to the dollar for 473/$ at the parallel market. In recent times, it had gained after ending the year 2020 at […]
…directs CBN not to release money for food importation President Muhammadu Buhari on Tuesday, said his administration would continue to encourage Nigerians to go back to agriculture. The President said this has become imperative because the oil industry which Nigerians abandoned agriculture for is now in turmoil. Buhari spoke at […]
