The House of Representatives Public Accounts Committee (PAC) has queried the payment of N15 billion to Remita, a payment platform, from the Office of the Accountant General for the Federation (OAGF). The committee accused the Central Bank of Nigeria (CBN) and commercial banks of complicity in the sharing of the N15 billion remittance. Chairman of … Read more
The Central Bank of Nigeria (CBN) has provided clarifications regarding its recent donation of 2.15 million bags of fertilisers to farmers across the country through the Federal Ministry of Agriculture and Food Security. The CBN had on Wednesday donated fertilisers valued at over N100 billion at current market prices, aiming to support domestic agricultural production … Read more
The Central Bank of Nigeria on Friday announced that the minimum capital requirements for BDC operators in Nigeria will be N2 billion for Tier 1 license holders. The bank added that the requirement for a Tier 2 licence would be N500 million, marking a departure from the previous threshold of N35 million for a general … Read more
The Ways and Means had been a recurring loan the CBN issued to the federal government to finance shortfalls in the government budget. The post CBN announces measures to check inflation, stops Ways and Means to FG appeared first on Premium Times Nigeria. Read original article here Denial of responsibility! Pioneer Newz is an automatic … Read more
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) will impact the growth of the Nigerian economy, central bank governor Olayemi Cardoso said on Monday. Expressing concerns about the impact of previous MPC meetings on the economy, he said the MPC will complement the fiscal side and ensure that it moves the … Read more
The Central Bank of Nigeria’s (CBN) Governor, Olayemi Cardoso, on Monday, said he met about $7 billion forex backlog when he assumed office. The CBN governor disclosed this while speaking during an interview on Arise Television on Monday. “We met about $7 billion in unpaid forex when we assumed office,” he said, noting that the … Read more
The Central Bank of Nigeria (CBN) on Tuesday said it has completed the payment of all verified claims owed to foreign airlines by injecting an additional $64.44 million into the sector. The bank said the latest payment brings the total amount disbursed to the aviation sector to $136.7 million. The bank had on 8 January … Read more
The Central Bank of Nigeria (CBN) has scheduled the first Monetary Policy Committee (MPC) meeting under the tenure of Mr Olayemi Cardoso as governor, for 26 and 27 February. According to a statement by CBN’s Acting Director, Corporate Communications Department, Hakama Sidi-Ali, the apex bank, consequently, held a two-day strategic session for members of the … Read more
The Central Bank of Nigeria has undertaken a significant move to eliminate outstanding foreign exchange liabilities by disbursing approximately $2 billion across pivotal sectors. The key sectors include manufacturing, aviation, and petroleum, a statement said Wednesday. This intervention encompasses the complete clearance of liabilities for 14 banks and the initiation of settlements with foreign airlines. … Read more
The Central Bank of Nigeria (CBN) made a new decision to remove its ban on digital assets and cryptocurrencies. This has been perceived to attract big changes in the country’s financial world. I am a digital transformation consultant studying things like Bitcoin and other digital money. Let’s try to look at how this recent decision … Read more
