CBN: When Investing In Africa, Investors Should Suffer From FOMO  The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, says investors should suffer from Fear of missing out (FOMO) when considering investing in Africa. Emefiele, represented by his Deputy and Board Chairman of AFC,...

CBN Alerts Nigerian Banks on Dangers of Transacting With Benin Republic The Central Bank of Nigeria (CBN) has directed banks to implement enhanced measures on existing accounts and transactions related to the Benin Republic. The apex bank said this in a circular dated April 11 and...

CBN Set To Upgrade eNaira With Bills Payment The Central Bank of Nigeria (CBN) has stepped up the campaign on its digital currency, eNaira, even as it said, it will, before the end of this month, introduce payment of bills on the wallets. Speaking at a...

CBN: Bank deposits Hit N16.89tn In Three Months The Central Bank of Nigeria data report has revealed that banks' demand deposits rose by N1.1tn in three months to N16.89tn as of the end of March. According to the CBN, the figure rose from 15 trillion naira...

CBN To Banks: Beware Of Transactions Related To Benin Republic The Central Bank of Nigeria has urged Nigerian banks to monitor transactions involving the Benin Republic after intelligence revealed the country is more often used for drug distribution and consumption in West Africa. This was disclose...

Nigeria’s Private Sector Receives N1.18tn New Loans in Q1 2022 The Nigerian banking sector has been encouraged by the Central Bank Of Nigeria to continue injecting funds into the real sector of the economy in order to promote growth and ensure recovery from the recession...