The Civil Society Legislative Advocacy Centre has said that the Central Bank of Nigeria’s plan to redesign 200, 500 and 1,000 naira notes is not an economic priority for the country, considering the current challenges facing the economy. The Executive Director of CISLAC, Auwal Musa, made this known in a[Read More…]
Tag: Central Bank of Nigeria
CBN Grant Approval to MTN, Glo, Airtel, Other Payment Service Banks to Sell Dollar
The Central bank of Nigeria has approved dollar sales by Payment service banks(PSB), Nigerian three telecommunication giants MTN, Airtel Glo, have licences to operate PSB CBN’s decision to allow PSBs to sell dollars will go a long way in reducing the difficulties in getting dollars, especially for online transaction. CBN,[Read More…]
CBN Approves Dollar Sales By Payment Service Banks
The Central of Nigeria (CBN) has released supervisory framework for Payment Service Banks. The framework among other things empowered the PSB operators to sell foreign currencies, especially dollars, to authorised foreign exchange dealers. The CBN framework also authorised the PSBs to accept deposits from individuals and small businesses, which shall[Read More…]
BJAN Chairman for Burial on September 30th
The body of late Princewill Ekwujuru, who, until his death, was the Chairman of Brand Journalists Association of Nigeria (BJAN), will be laid to rest in his home town, Njaba, Imo State on the 30th of September, 2021. Speaking on this development in a statement made available to newsmen recently[Read More…]
CBN suspends cheque clearing from today
With effect from today, the Central Bank of Nigeria (CBN) has suspended the clearing of all cheque instruments in the Nigerian clearing system. A circular signed and sent out to all Deposit Money Banks and the Nigeria Internal Settlement System (NIBSS) by the CBN on Monday stated that “no fresh[Read More…]
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FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]