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NIMASA: Vessel Funds Are All Accounted For

According to the Nigerian Maritime Administration and Safety Agency (NIMASA), the $350m accumulated under the Cabotage Vessel Financing Fund is intact and currently in the Single Treasury Account of the Central Bank of Nigeria. 

Telecom Operators Seek Approval From NCC To Suspend Bank Transfer Services over ₦250bn Debt

Telecom operators in Nigeria are seeking regulatory approval from the Nigerian Communications Commission (NCC) to discontinue Unstructured Supplementary Service Data (USSD) services to banks over an unpaid debt exceeding N250 billion.

IMF: Nigeria Still Borrows Despite High Debt Costs

The International Monetary Fund (IMF) has said that Nigeria continues to engage with the global debt market despite challenges posed by high borrowing costs.  

Presidency Supports Cardoso On Naira Appreciation, Plans To Curb Racketeers

On Tuesday, Ajuri Ngelale, the Special Adviser to the President on Media and Publicity, stated that the concerted efforts of the Yemi Cardoso-led Central Bank of Nigeria which aimed at steadying the naira aligned with President Bola Tinubu’s “multi-faceted approach to ridding the nation’s foreign exchange market of malign actors and sharp practices.” 

Africa Stablecoin Consortium Clears Air on cNGN Launch Date

Africa Stablecoin Consortium Clears Air on cNGN Launch Date   The Africa Stablecoin Consortium has cleared the air following reports that the Central Bank of Nigeria (CBN) has approved the launch of the Nigerian naira (cNGN) on February 27, 2024. Comprised of Pan-African Banks, Fintechs, and Blockchain...

CBN: Embracing the Evolution of Nigeria’s Digital Currency Landscape, by Abdulrahman Abdulraheem

CBN: Embracing the Evolution of Nigeria's Digital Currency Landscape, by Abdulrahman Abdulraheem   The fact that change is the only constant thing in life is a time-tested fact which has passed through generation after generation and no one has been able to dispute it. Almost all individuals,...