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CENTRAL BANK OF NIGERIA CBN
Major payment channels in Nigeria were hit with the high reported fraud incidences in 2018, according to the Central Bank of Nigeria (CBN),
Airtel Africa, will soon be able to request for loan from Ecobank after the network provider and the lender reached an agreement.
The Nigerian textile industry was the highest employer of labour, after the public sector. Sadly, the industry is in dire straits battling for survival in recent times.
CBN has refunded some DMBs that were imposed a cumulative N500bn “penalties” for breaching the it’s directive on lending to the real sector of the economy.
The latest Economic Report released by CBN for August 2019 showed that Nigeria generated over N1.2 trillion in oil revenue between June and August 2019.
The International Monetary Fund (IMF) has recommended that the Central Bank of Nigeria unifies the exchange rate system for stronger economic growth in the country.
Of all recent government policies the recent closure of the border with the Republic of Benin to goods is having the most immediate effects on prices.
The Central Bank of Nigeria (CBN) has disclosed that the official inflows of the remittances of Nigerians living abroad to the country was $2.6 billion and not $26 billion
CBN has announced that more attention will be given to women, MSMEs, and the northern part of the country to achieve 20% financial exclusion target by 2020.
The CBN has given a new directive for Indirect Participants in Payments System, in a bid to facilitate the efficiency of the payments system,
FG has given approval to CBN and the Bankers Committee to reconstruct the National Theater, Iganmu, Lagos, into a world-class convention center.
The CBN has finally granted DMBs the approval to directly debit bank accounts belonging to loan defaulters across all banks in the country.