Still on Cybersecurity and National Interest By Winnie N. Chidiebube The recent withdrawal of the cybersecurity levy directive by the Central Bank of Nigeria (CBN) is a significant development. This directive, which mandated banks and other financial institutions to charge a cybersecurity levy on electronic transactions,...

Foreign Exchange: 136% of 2023 Inflows Recorded in QI – Cardoso The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has disclosed that the foreign exchange inflows recorded in the first quarter of 2024 into Nigeria were about 136 per cent of the...

CBN: Supporting Nigeria's Digital Economy for Youth Empowerment  By Abdulrahman Abdulraheem As the biggest economy in Africa with one of the largest youth populations in the world, Nigeria is well-positioned to develop a strong digital economy which is expected to have a transformational impact on the...

Inflation to Reduce in Coming Months – Cardoso The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has expressed optimism that with the measures in place, core and headline inflation will come down in the coming months. He also disclosed a new strategy...

Again, CBN Raises Interest Rate to 26.25% The Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR), a benchmark interest rates, from 24.75 percent to 26.25 percent. The CBN Governor and the Chairman of the of Monetary Policy Committee (MPC), Mr. Olayemi Cardoso,...

CBN Orders Banks to Halt 0.5% Cybersecurity Charges The Central Bank of Nigeria (CBN) has directed banks and other financial institutions to stop the implementation of 0.5 percent cybersecurity charges on electronic transactions. This was disclosed in a circular to all commercial, merchant, non-interest, payment service...