CBN Reveals External Reserves Drop By $317m In February   According to figures that were obtained from the Central Bank of Nigeria, CBN, it has been revealed that the nation’s external reserves dropped by $317 million in February. Its latest data on...

Transitioning Digital Economy Through e-banking, Naira Redesign   With digitisation deepening across the globe, many countries, especially developing economies, are gradually moving towards a cashless society, in which all financial transactions are electronic. In addition to simply eliminating the costs and hassles...

The Central Bank Governor And His Declaration Of Allegiance, By Eric Teniola I attended an event recently in Lagos and Chief Joseph Oladele Sanusi(84) from Ogbagi in Akoko North West Local Government of Ondo state, entered quietly, unannounced. The Master...

What Is Central Bank Digital Currency (CBDC)?   CBDCs are digital currencies issued by central banks. Their value is linked to the issuing country’s official currency. When was the last time you paid for something with cold, hard cash? While physical currency...

Cash Crunch: Customers Lament As Banks Resume Operations After Election   Residents of Osogbo, the Osun State capital, have continued to experience scarcity of Naira notes even as the February 25 presidential and National Assembly elections have been concluded. Majority of the...

Polls Controversy: Fuel Hits N300/litre As Marketers Halt Loading   Oil marketers, on Tuesday, said many depots had stopped loading Premium Motor Spirit, popularly called petrol, due to the apprehension caused by the collation of results of the general elections across...