CBN Sets New Capital Base For Payment Firms       The Central Bank of Nigeria has set new capital requirements for payment firms in the country. The CBN disclosed the capital requirements in a circular on Monday titled ‘New license requirements for the payments system’. The CBN stated that...

Investors Dump Equities Amid Anxieties Over CBN’s Rate Call         Nigerian equities closed at the weekend with a net loss of N604 billion as anxieties over the likely decisions of the Central Bank of Nigeria (CBN) on benchmark interest rate and other monetary policy tools fuelled...

Govs Fret As CBN Insists Budget Support Repayment Starts May       State governors again on Thursday requested that the repayment of their loans, especially the budget support, which ought to start this month be deferred. But the Governor of the Central Bank of Nigeria, Godwin Emefiele, emphasised...

CBN Disbursed N300bn Agric Loans In Southern Nigeria – Emefiele       The Governor, Central Bank of Nigeria, Mr Godwin Emefiele, said on Tuesday that over N300bn had been disbursed to companies operating in southern part of Nigeria as part of its interventions in the agricultural sector. Emefiele...

Naira Stabilizes At N480/$1 As CBN Eases Rate       The Naira has stabilized at N480/$1 at the bureau de change market after the Central Bank of Nigeria (CBN) removed the peg on the Naira. The CBN, it was learnt, removed the official peg on the Naira to...

'Foreign Investors’ Trapped $2bn Dragging Down External Reserves'       The clearing of foreign portfolio investors’ funds that have been trapped in Nigeria for months on the back of foreign exchange scarcity is putting downward pressure on the country’s external reserves. The International Monetary Fund had in February...