New regulation requirements by the Central Bank of Nigeria (CBN) could make it difficult for some fintech companies to operate. In a draft policy document, CBN recognized products by fintech companies are “gaining acceptance” but argued their emergence would heighten existing risks in the financial system.
Former Deputy Governor, Central Bank of Nigeria (CBN), Prof. Kingsley Muoghalu has challenged Nigerians to hold their leaders accountable to be able to get the best out of politics.
The House of Representatives has urged the Central Bank of Nigeria to put proper measures in place to aid stability of naira.
CBN eyes increased private sector investments in healthcare infrastructure
The Central Bank of Nigeria has advised students in Nigerian Universities to take full advantage of its credit interventions and build their business ideas.
Here are a few reasons to pick up a copy of The Guardian on Saturday. Find these stories and much more when you grab a copy of The Guardian on Saturday.
Despite a severe shortage of foreign exchange (forex), overseas education continues to drain the country’s resources, as Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, admitted $80 million weekly disbursements for personal travel allowances or payment of overseas school fees. The amount, which translates to $960 million yearly, is disbursed to banks to enable Nigerians to meet their forex responsibilities. This is after a recent report indicated that Nigerians spend £30 million (about N20 billion) yearly paying tuition in the United Kingdom alone while the country’s education system grapples with challenges of underfunding, poor remuneration, and obsolete teaching facilities.
Here are a few reasons to pick up a copy of The Guardian on Friday. Find these stories and much more when you grab a copy of The Guardian on Friday.
Bayelsa empowerment: CBN clears the air on N3BN agric loan
CBN to build on successes recorded under anchor borrowers scheme
Analysis: CBN unveils rice pyramid in Kebbi
Vice President Yemi Osinbajo has disagreed with the Central Bank of Nigeria to ban Crypto-Currencies transactions in the country. Osinbajo spoke at the CBN/Bankers Committee’s Initiative for Economic Growth in Lagos and called on the CBN and the Securities and Exchange Commission to put in place a robust framework for the regulation of Crypto-Currencies. The CBN had ban Crypto-Currencies usage in Nigeria a few weeks ago.