Tag Archives: CBN

Caught Up! CBN Governor Says Digital Currency Is A Must In Nigeria

  Under cryptocurrency and Bitcoin, Nigeria comes 2nd while in the global side of the economy, Nigeria comes 27th. We are still conducting our investigation and we will make our data available.” PEGASUS REPORTERS During the 279th MPR meeting held Wednesday 26th of May in Abuja, the CBN Governor, Godwin Emefiele assured Nigerians that digital currencies will have a place ...

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First Bank Crisis: CBN Sacks Oba Otudeko, Others, Reinstates Sacked MD

  “To us at the CBN, not only is it imperative to protect the minority shareholders, that have no voice to air their views, also important, is the protection of the over 31 million customers of the bank who see FBN as a safe haven for their hard-earned savings”. The Central Bank of Nigeria (CBN) has sacked key board members ...

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Nigeria Is Printing Money & The Road To Zimbabwe – Nick Agule

  “The plausible reason the government was ashamed to admit the use of QE is that while they are printing digital money which is the 1st half of QE, they are totally mismanaging the 2nd half because the government is neither buying back bonds nor bailing out ailing industries with QE”  By Nick Agule Within the last week, a war ...

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CBN Mandates Banks to Open Dollar Accounts For Customers

  “This development ensures that all international money transfers will be successfully processed even if senders enter Naira account details for transactions. The Central Bank of Nigeria (CBN) has mandated commercial banks to open new dollar account with offshore lenders for receiving international money transfers according to a report by the Nation. The directive was disclosed by WorldRemit- an International ...

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What CBN’s Ban on Crypto Means for Nigerian Users and the Local Industry

  Most crypto exchanges partner with NBFIs and OFIs like Flutterwave, Paystack, and Monify to transact with bank customers in Nigeria. The partnerships enable them to process debit cards and direct transfer transactions. Based on the instructions in the circular, those companies cannot continue to provide those services. BENJAMIN DADA | Impressive Reporting on Tech in SSA The Central Bank ...

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MONEY TRANSFER FRAUD: Collusion Among CBN, Commercial Banks, Western Union, Moneygram, etc To Kill The Naira Installmentally

Although this is an old story having been published earlier in October 8th, 2019, we have felt duty-bound to Nigeria and Nigerians, as a media, to republish the article, in case, those for whose attention it was meant didn’t read it. … Editor By Chief Anthony Ani, FCA, Former Minister Of Finance. “A MATTER OF NATIONAL EMERGENCY DEMANDING OUR DEAR ...

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