Interbank Lending Falls, Govt Redeems N444bn T-Bills   There was near excess in the quantity of money in circulation last week, save for the increased mop up exercise by the Central Bank of Nigeria (CBN), following the repayments of N66.7 billion and N377.6 billion worth of...

PayChoice Bags CBN Award   The management of Upperlink has announced that its self-service, payment and collection infrastructure gateway, PayChoice, has won the ‘CBN Electronic Payments Incentive Scheme Efficiency Awards’. Upperlink got the innovation award by beating competing brands in the ‘Cashless Driver: Payment Solutions Service Provider’...

CBN To Commence Bi-weekly Auction Of Chinese Yuan   Following the $2.5 billion bilateral currency swap agreement signed last month between the Central Bank of Nigeria (CBN) and the People’s Bank of China (PBoC), the CBN Thursday announced plans to start bi-weekly auctions of the Chinese...

5% Reduction In Financial Exclusion In 8yrs - CBN The Central Bank of Nigeria (CBN) has expressed worry that a large number of Nigerians are financially excluded and are without bank accounts. This it said, negates its financial inclusion drive to bring in more Nigerians...

Forex: CBN Okays Wider Margin For BDCs ...Boosts Liquidity With $210m The Central Bank of Nigeria has approved an upward review of the trading margin available to operators of Bureau De Change in the country. The Acting Director, Corporate Communications Department, CBN, Mr. Isaac Okorafor, confirmed this...

USSD Framework: CBN Postpones Implementation Date   the central bank of nigeria has extended the start date for the implementation of the regulatory framework for use of unstructured supplementary service data in the country’s financial system. The implementation of the framework was initially scheduled to start on...