PoS Transactions Rise By 40%, e-payment Hits N39.58trn – NIBSS Naira’s scarcity caused by the Central Bank of Nigeria’s redesign and cash withdrawal policy has pushed Point of Sales transactions to N807.16bn in January 2023. This is a 40.69 per cent year-on-year increase from the N573.72bn...

Nigeria's Cash Crunch and e-Naira's 'Emi Lokan' Moment, by Abdulrahman Abdulraheem   "Nothing is more powerful than an idea whose time has come." - Victor Hugo When the Presidential candidate of the All Progressives Congress (APC), Asiwaju Bola Ahmed Tinubu, made the famous 'Emi Lokan' (It is my...

Godwin Emefiele, The Nigerian Economy And The Rest Of Us, by Mike Asekome   It has become too clear but too late to understand that Godwin Emefiele was not qualified and was not the best material to have been appointed as the CBN Governor as his...

NSIP: Humanitarian Ministry Registered 1.6m Beneficiaries on e-Naira Platform in One Month - Perm Sec   The Permanent Secretary in the Ministry of Humanitarian Affairs, Disaster Management and Social Development, Dr Nasir Sani-Gwarzo, has revealed that his Ministry, in collaboration with the Central Bank of Nigeria...

CBN Raises N277.47bn From Treasury Bills Market In January   Data collated has shown that the Central Bank of Nigeria (CBN) raised N277.47 billion through the treasury bills (TBills) market in January 2023. The apex bank carried out TBills auction twice worth N55.39billion in the first auction...

New Naira: CBN To Withdraw POS Operators License Over High Charges   The Central Bank of Nigeria (CBN) yesterday said it would withdraw the licenses of Point of Sale (PoS) agents found culpable of inflating the charges on customers who withdraw money from their POS in...