Nigeria’s Debt Getting Out Of Control - El-Rufai         Nigeria’s debt is getting out of control and the country has to do something about it, the Governor of Kaduna State, Nasir El-Rufai, said on Thursday. He said the country’s domestic debt was getting to its debt ceiling...

CBN Rolls Out New Licence Regime For Payment Systems       In a bid to promote a strong and credible payment system in the country, the Central Bank of Nigeria, CBN, has approved new license categorization for payment systems in Nigeria. In a circular to all Payment Service...

Banking Agents Increased By 517% In One Year – CBN         The number of banking agents (third party retail outlets contracted by financial institutions to process clients’ transactions) rose from 38, 416 agents in December 2018 to 236,940 agents as of December 2019. This growth in the...

We Must Discontinue Dependence On Crude Oil For Public Revenue, Forex — Emefiele         The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has reiterated the need for the country to discontinue heavy dependence on crude oil to guarantee public revenue and foreign...

Labour Drums Support For CBN Over Naira Value     Organized labour has commended the recent measures of Central Bank of Nigeria (CBN) aimed at shoring up the value of the Naira. The Naira recently reversed its depreciation trend in the parallel market, recording N20 gain against the...

CBN Targets $2bn Monthly Diaspora Remittances , Says Emefiele         The Governor of the Central Bank of Nigeria, Godwin Emefiele, on Thursday, said the target of the CBN is for the country to attract about $2bn monthly as remittances from citizens in diaspora. Emefiele’s position is coming...