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eNaira: 33 banks join platform as CBN mints 500m, transactions free of charges for 90 days
- October 25, 2021
- Posted by: admin
- Category: Digital Economy, Economy, Latest News
No CommentsThe Governor of the Central Bank of Nigeria, Godwin Emefiele, has said 33 Nigerian banks have joined the eNaira platform and it has minted N500 million worth of digital currency, even as the apex bank informed that all transactions conducted on these platforms, will be free for 90 days. Ememfiele said this at a ceremony
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NDIC liquidates 500 deposit money, microfinance banks
- October 22, 2021
- Posted by: admin
- Category: Latest News
The Nigeria Deposit Insurance Corporation says it has liquidated at least 500 deposit money, microfinance, and primary mortgage banks whose licences were revoked by the Central Bank of Nigeria. The corporation also disclosed that it was currently settling the liquidation dividends of depositors of the banks. Galadima Gana, the Director, Insurance and Surveillance Department of
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CBN supports Lagos Blue Line project with N60bn
- October 14, 2021
- Posted by: admin
- Category: Economy, Latest News
The Central Bank of Nigeria said on Thursday that it had supported the Lagos State Blue railway line project with N60 billion to facilitate ease of passengers’ movement and that of businesses in the state. The Director, Development and Finance of the CBN, Mr Phillip Yusuf, disclosed during an inspection of the project, held in
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Five banks fined N1.4bn for forex infractions, others
- September 22, 2021
- Posted by: admin
- Category: Digital Economy, Economy, Latest News
Five top banks in Nigeria paid a total of N1.4bn as penalties to financial regulatory bodies such as the Central Bank of Nigeria, Security Exchange Council and Financial Reporting Council of Nigeria, in the first half of the year. The banks are the United Bank of Africa, Fidelity Bank, Access Bank, Guarantee Trust Bank and
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Naira hits all-time low of 543 against Dollar.
- September 9, 2021
- Posted by: admin
- Category: Digital Economy, Economy
The naira on Thursday continued its downward spiral on the parallel market, selling for N543 to the dollar on Thursday. While bureau de change operators in Abuja bought dollar at N540, it was sold for N543. The British Pound was also sold for £1/N740. The development comes 44 days after the Central Bank of Nigeria