CBN Lifts Restriction on Opay, Monieponit, Others The Central Bank of Nigeria (CBN) has lifted its ban on OPay, Moniepoint, Kuda, Palmpay, and Paga, clearing the way for the fintechs to resume onboarding new customers. Recall that CBN directed fintech companies to pause enrollment of new...

CBN and Reputation Management By Abdulrahman Abdulraheem In his all-time best seller, “48 Laws of Power,” Robert Greene’s 5th law for gaining, sustaining and keeping power has to do with Reputation. In fact, he advises men of power to guard their reputation with their lives and...

CBN Revokes Heritage Bank License The Central Bank of Nigeria (CBN) has revoked the license of Heritage Bank Plc with immediate effect. This decision, it said, was to maintain a stable and healthy financial system as authorised under Section 12 of the Banks and Other Financial...

CBN Pays Off $831m Foreign Airlines’ Trapped Funds – IATA The International Air Transport Association (IATA)  has confirmed that the Central Bank of Nigeria has cleared foreign airlines trapped funds worth $831m from June last year to date. The Geneva, Switzerland-based IATA said the development had...

National Assembly Suspends Amendment of CBN Act The National Assembly Committee on Banking, Insurance and other Financial Institutions has decided to pause the amendment process for the bill titled “An Act to Amend the Central Bank of Nigeria Act No. 7 of 2007.” This decision was...

CBN: Turning Brain Drain to Brain Gain Through Diaspora Remittances  By Abdulrahman Abdulraheem Greener pastures and brain drain are two phrases that made it into Nigeria’s national lexicon in the 70s and 80s as the country’s youths began to emigrate in droves in search of the...