Still on eNaira's Life-changing Opportunities, by Abdulrahman Abdulraheem   It is often said that the best way to preach the gospel of any innovation or idea to people is to emphasise what the people will benefit personally and collectively from it. Even if the concept is...

Total Inflows To I&E Window Hit $1.49bn In March   The Central Bank of Nigeria (CBN)’s non-oil exports repatriation rebate scheme appears to be yielding fruits as investigations reveal that inflows into the Investors and Exporters (I&E) window improved in the month of March. According to data...

eNaira Advocacy: Touching Base with the Grassroots, by Abdulrahman Abdulraheem   When the eNaira was launched with pomp and pageantry in October 2021, both President Muhammadu Buhari and Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, did not mince words in informing Nigerians that it would...

External Reserves Drop By $1.46bn In Two Months - CBN   The country’s external reserves fell by $1.46bn between January and March, figures obtained from the Central Bank of Nigeria have revealed. The reserves ended February 27, 2023 at $36.67bn. Figures obtained from the CBN’s data on movement...

E-Naira: Remarkable Milestones in Adoption, Spread & Acceptance, by Abdulrahman Abdulraheem   The Central Bank Digital Currency (CBDC), popularly called e-Naira, is travelling far and wide, growing and spreading to every nook and cranny of the nation faster than envisaged by pundits. When the digital currency was...

CBN Bars Banks, Financial Institutions Seeking Upgrade From Expansion   The Central Bank of Nigeria (CBN) has barred banks and other financial institutions seeking a conversion licence from expanding or reducing their current banking network in its new draft guidelines. The CBN discloses this in a circular...