CBN, Gluwa Partner to Accelerate eNaira Adoption Central Bank of Nigeria, has signed a Memorandum of Understanding with the blockchain firm, Gluwa to accelerate the adoption of eNaira, Nigeria’s digital currency. In a recent statement, the firm disclosed that the partnership aimed at utilising blockchain technology...

Customs Clearance Rate Decreases to N1,593 per Dollar The exchange rate for cargo clearance has dropped to N1,593.41/$ from N1,612.28/$ recorded last week representing a drop of about N18.87. Last week, the CBN through the customs service increased the exchange rate for cargo clearance by N18.44...

Fed Govt offers N450b bonds to investors The Federal Government is seeking to raise N450 billion from the investing public in a new debt issuance aimed at bridging government’s deficit and deepening the domestic capital market. It was learnt last night that the Debt Management Office...

Fed Govt offers N450b bonds to investors The Federal Government is seeking to raise N450 billion from the investing public in a new debt issuance aimed at bridging government’s deficit and deepening the domestic capital market. It was learnt last night that the Debt Management Office...

No fewer than 17 out of the existing 24 Deposit Money Banks may be unable to meet the Central Bank of Nigeria’s capital requirement if it is increased from its current N25bn, according to a report by Ernst and Young. The new report, titled “Navigating...

Donation of 2.15m Bags Fertilizers part of Existing Intervention - CBN The Central Bank of Nigeria (CBN) has clarified that the donation of 2.15 million bags of fertilizers to the Ministry of Agriculture and Food Security was from a stockpile of an existing initiative, not...