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Information reaching us has it that the Central Bank of Nigeria CBN, Makurdi branch is said to have been engulfed by fire this morning. The cause of the inferno is still sketchy and yet to be ascertained as at the time of this report. More details to come…
Telecommunication giant, MTN, has received the final approval to operate as Momo Payment Service Bank Limited (Momo PSB). The approval was granted by the Central Bank of Nigeria (CBN), according to a statement issued on Monday by MTN Secretary, Uro Ukpanah. “MTN Nigeria Communications PIc (MN Nigeria) announces the receipt of a letter dated 8
The Central Bank of Nigeria, CBN who recently was flagged for for plagiarising eNaira policy document has once again gone all out to hunt Nigerians who seem to be trading on Cryptocurrency. So many accounts of individuals are being blocked and asked to explain the reasons for the steady inflow in their accounts. The apex bank headed
The Central Bank of Nigeria (CBN) has been caught plagiarising the policy and terms of use of an American wireless equipment supplier as its own policy on the eNaira website, Peoples Gazette can report. Nigeria’s digital currency, marketed to boost cross-border trade and other financial activities, was launched on October 25 by President Muhammadu Buhari
The recently launched eNaira speed wallet application has been restored to the Google Play Store barely 24 hours after it was taken down. Jkcyno news had reported that eNaira app was removed from the Google playstore on Wednesday, some days after its launch by the Central Bank of Nigeria. This may not be unconnected to
The Central Bank of Nigeria (CBN), as part of its policy measures to address rising youth unemployment and underemployment, introduces the Tertiary Institutions Entrepreneurship Scheme (TIES) to create a paradigm shift among undergraduates and graduates of Nigerian polytechnics and universities, from seeking white-collar jobs to entrepreneurship. The CBN Tertiary Institutions Entrepreneurship Scheme (TIES) aims to
The apex bank further said that the launch of the digital currency is a major step forward in the evolution of money and vowed to ensure that the e-Naira, like the physical Naira, is accessible by everyone. Here are six things we all need to know about the e-Naira: Beyond CBDC According to the CBN,
The President, Major General Muhammadu Buhari (retd.), on Monday, launched the eNaira platform. The eNaira is a culmination of several years of research work by the Central Bank of Nigeria in advancing the boundaries of payments system in order to make financial transactions easier and seamless for every stratum of society. The launch was described
The scarcity of funds in the interbank money market worsened last week following a sharp decline of 72 per cent in market liquidity to N56.3 billion. Financial Vanguard analysis of data from the Central Bank of Nigeria, CBN, showed that the amount of liquidity (Opening balance) dropped to N56.3 billion on Friday last week from N200.64 billion
President Muhammadu Buhari will, on Monday, formally unveil the country’s first digital currency, eNaira. Osita Nwasinobi, spokesperson of the CBN, disclosed this in a statement on Saturday. The apex bank had postponed the unveiling of the eNaira on October 1, citing key activities lined up for the country’s 61st independence anniversary. Nwasinobi said the launch of the