Democracy Day: "I will Handover a Secured Nation after my Tenure"- Buhari President Muhammadu Buhati has promised to handover a secured country after his tenure lapses. The President made the pledge in his democracy day broadcast to the nation on Saturday. He said his administration has made...

CBN denies report to nationalize Unity Bank The Central Bank of Nigeria (CBN) has denied media reports of plans to nationalise Unity Bank Plc. The Acting Director, Corporate Communications Department, CBN, Osita Nwanisobi, in his reaction described it as, “fake news” and should be discarded in...

Digital currency Underway- CBN The Central Bank of Nigeria (CBN) has revealed plans to announce the coming on board of digital currency before the end of the year. The apex bank’s Director Information Technology, Rakiya Mohammed disclosed this at the end of 306th Bankers’ Committee Meeting,...

Reps Want Urgent Measures to Curb Fall In Naira Value The House of Representatives has urged the Central Bank of Nigeria (CBN) to urgently put in place a policy to check further devaluation of the naira to the United States dollar and other international legal...

BDC Directors Urge CBN To Review N2 Margin       Bureaux De Change (BDC) directors have called on the Central Bank of Nigeria (CBN) to increase the sales margin of BDCs noting that the N2 margin presently allowed by the apex bank is inadequate. They said the call...

E-payment Transactions Rose By N80bn To N21trn In June       Transactions through electronic payment (e-payment) channels increased by N80 billion to N21.27 trillion in May 2021 against the N21.19 trillion recorded in April 2021. CEO of Financial Derivatives Company, Bismarck Rewane, said this in a report titled:...