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nigerian central bank

ECONOMY-FINANCE

Photos Of Nigerian Central Bank and Other Central Banks Around The World

Central banks lead monetary policy, which straightforwardly influences the pace of financial development and the estimation of cash.Central banks sounds like a centralized monetary foundations of a nation like the United States or a provincial organization like the European Union.

  1 year ago ago
Photos Of Nigerian Central Bank and Other Central Banks Around The World

ECONOMY-FINANCE

Pictures Of Nigerian Central Bank And Other Central Banks Around The World

The central bank pursues a monetary policy that directly affects the speed of financial development and the valuation of cash.The central bank looks like the backbone of the central currency of a country like the United States or a provincial organization like the European Union.

  1 year ago ago
Pictures Of Nigerian Central Bank And Other Central Banks Around The World

BUSINESS

That Car You Bought At N2m Will Be N100,000 Soon In Nigeria, See Why

Finally, Nigerian Central Bank have signed the currency Swap deal with China. Soon things won't be costly like it were now. A car you bought at the rate of N200,000 before, will soon be N50,000 soon. Nigerian Central Bank has signed the currency Swap deal with China, it have been expecting for the past two years with the Chinese government. It's very important, and it will favour us, we Nigerians. The 70 percent of the goods we import mostly come from China and other part of Asia. So from now, instead of us

  2 years ago ago
That Car You Bought At N2m Will Be
N100,000 Soon In Nigeria,
See Why

BUSINESS

BREAKING: CBN Have Signed a Currency Swap Deal. (Good News)

IN CASE YOU DON'T UNDERSTAND. I know Most of You don't know of the Nigeria dollar, yuan swap with China.. And why The American government is desperately smoothing their relationship with Nigeria. Soon you will be buying that phone you bought at N100,000 for N15,000. The Nigerian Central Bank have finally signed the currency swap deal which have been in the pipeline for the past 2 years with the Chinese government. The importance of this cannot be overemphasized as almost 70% of the goods we import come from

  2 years ago ago
BREAKING: CBN Have Signed a Currency Swap Deal. (Good News)

ECONOMY-FINANCE

Other things you need to know about Nigerian Central Bank Digital Currency known as the eNaira

It's no longer news that President Muhammadu Buhari has launched the Nigerian Central Bank Digital Currency (CBDC), known as the eNaira, and the application for the digital currency introduced by the CBN is available for download. However, in this article are other things you need to know about the digital currency.

  6 months ago ago
Other things you need to know about Nigerian Central Bank Digital Currency known as the eNaira

ECONOMY-FINANCE

CBN Postpones The launch of the 'e-naira' digital currency

The Nigerian Central Bank (CBN) has delayed the official launch of the digital currency, e-Naira. According to CBN spokesman, Osita Nwanisobi, the decision to postpone the opening of e-Naira, which is scheduled for October 1, was made to avoid disruption from the celebration of the 61st Independence Day.

  7 months ago ago
CBN Postpones The launch of the 'e-naira' digital currency

ECONOMY-FINANCE

Buhari: "Imagine what would happen if we didn't encourage agriculture and close borders."

President Muhammadu Buhari has repeated previous orders to the Nigerian Central Bank on Tuesday that it should not recognise foreign exchange for food imports.   He also promised that his regime would monitor the country's rise in food prices early next year.   In September of last year, the president said, "I am giving money to those who import food," the president also said that the diversification of agriculture from oil has saved Nigeria from the difficult economic realities of COVID-19.   He spoke

  1 year ago ago
Buhari:

SEX-RELATIONSHIP

Reactions To A Wedding Invitation Card Printed Like A Naira Note [Photo]

A Twitter account published this photo inviting friends and family to his marriage on June 4, 2021. Most of his followers did not understand that it was an invitation card not a Nigerian money until they looked at it attentively for a second time. However, several patriotic Nigerians have condemned him for suggesting that the design was rather unsuitable because he has violated our laws and instructions on the part of the Nations.

  11 months ago ago
Reactions To A Wedding Invitation Card Printed Like A Naira Note [Photo]

SOCIETY

Naira Abusers Risk Six Months In Jail As CBN Gives Fresh Warning - Report

The Nigerian Central Bank has cautioned that those who abuse the naira during social gatherings risk being imprisoned or fined. According to the CBN's amended Act of 2007, "spraying, dancing, or matching on the Naira or any note issued by the Bank during social occasions or otherwise howsoever shall constitute an abuse and defacing of the Naira or such note and shall be punishable under the law by fines, imprisonment, or both"

  9 months ago ago
Naira Abusers Risk Six Months In Jail As CBN Gives Fresh Warning - Report

ECONOMY-FINANCE

The Central Bank of Nigeria (CBN) has issued a warning against naira abuse.

The Nigerian Central Bank has criticised the rate at which naira notes are being abused by Nigerians. Abuse of the money, according to the apex bank, will result in a penalty of at least six months in prison or a fine. Aladeen Badajo, an Assistant Director in the Currency Operations Department, stated this on Thursday at the start of the CBN's two-day sensitization exhibition in Abeokuta.

  11 months ago ago
The Central Bank of Nigeria (CBN) has issued a warning against naira abuse.

SOCIETY NEWS

Minister of communications, Dr Pantami lauds CBN’s decisions to review POS charges

Communications Minister Dr Pantami welcomed the decision of the Nigerian Central Bank (CBN) to review the costs of transactions with electronic money and commissions for servicing ATMs and cards.  This was included in the statement on Wednesday, December 25th.  Dr Pantami said that this decision will help digitize the economy. The decrease in the cost of services will stimulate a more active participation of customers in electronic services. Especially in the field of banking and financial sectors. “Reg

  2 years ago ago
Minister of communications, Dr Pantami lauds CBN’s decisions to review POS charges

SOCIETY

Don't Blame The CBN For Banning Cryptocurrency, Checkout Some Of The Crucial Reasons

Many people on social media have started reacting to the recent circular by the Central Bank of Nigeria which reiterated the ban on cryptocurrency exchanges in the country. However, while many people are showing displeasure in this announcement, there are some crucial reasons why the CBN shouldn't be blamed for this decision. Firstly, the Nigerian Central Bank made known in January 2017, that digital currency such as Bitcoin, Litecoin and others are largely used in terrorism financing and money laundering. This

  1 year ago ago
Don't Blame The CBN For Banning Cryptocurrency, Checkout Some Of The Crucial Reasons

BUSINESS

Adebutu Kessington (Aka Baba-Ijebu) In Trouble as CBN Freezes Company's Account

The Central Bank of Nigeria has frozen the bank accounts of 38 Nigerian companies. The Nigerian Central Bank has frozen 38 Nigerian companies' bank accounts. This is as the parallel market shortage in the week pushed the Naira down to the US dollar N465. Currently, Nigeria is facing one of the largest dollar crunches in recent years with the effect affecting vital economic sectors. Bello Hassan,CBN's Director of Banking Supervision, asked banks in a circular dated September 4 to put the accounts of the 38 companies

  1 year ago ago
Adebutu Kessington (Aka Baba-Ijebu) In Trouble as CBN Freezes Company's Account

BUSINESS

ATM Charges Slash: Christmas or Greek gift from CBN?

It sounded like a well timed Christmas gift from the CBN when it released a statement via its twitter handle slashing the charges on ATM withdrawal from N65 to N35 after three withdrawals on another Bank’s ATM in a month. Nigerians reacted accordingly. More and more it seems the Nigerian Central Bank is a political tool in the hands of the Government per time. While this is expected to an extent in terms of providing fiscal and monetary oversight for the government of the day, it becomes disheartening whe

  2 years ago ago
ATM Charges Slash: Christmas or Greek gift from CBN?

BUSINESS

The Nigerian Central Bank (CBN) Reviews Electronic Transfer And ATM Fees Downward

A new step has been taken by the Central Bank of Nigeria (CBN) to see a review downward on every electronic transfer and ATM fees as well as all card maintenance fees in the banking sector. According to new guide, banks and other financial institutions are hereby directed to charge N10 for every transaction as against the N50 been charged previously. The CBN has directed customers to pay N10 for any transaction below N5,000 and N25 for electronic related transfers between N50,000. As it stands today, any e

  2 years ago ago
The Nigerian Central Bank (CBN)  Reviews Electronic Transfer And ATM Fees Downward

ECONOMY-FINANCE

Nigerians On Facebook Community React To CBN Ban On Crypto Currency.

The trending news currently is the CBN's ban on crypto currency and Nigerians on Facebook are reacting. According to a popular Facebook celebrity, Kunle Oshobi, the ban is targeted at frustrating the efforts of Nigerians in the Diasporas who might be raising money for Sunday Ugboho's fight against Fulani herdsmen. This is how he puts it on his FB wall: This Junta is going after those trading in crypto currency, they must have been shocked by the ability of the #EndSARS promoters to raise funding via crypto currency

  1 year ago ago
Nigerians On Facebook Community React To CBN Ban On Crypto Currency.

BUSINESS

Price of food items in Nigeria are coming down - Garba Shehu

Garba Shehu, President Muhammadu Buhari's special assistant on media and publicity, says food prices across the country are falling contrary to public opinion. He uttered this statement when he made an appearance on Channels TV on Friday, September 11, to further explain President Buhari's latest policy issued to the Nigerian Central Bank to forthwith stop the discharge of forex for food and fertilizer imports. This claim by the President's special assistant has triggered a whole lot of reactions from Nigerians,

  1 year ago ago
Price of food items in Nigeria are coming down - Garba Shehu

RELIGION

COVID-19: How Churches Can Show God’s Love.

COVID-19: How Churches Can Show God’s Love As the global pandemic, Coronavirus (termed Covid-19) ravages the world and causes enormous loss of human lives, and crippling economies around the world, God’s people are facing great dangers and threats to their well-being. Governments all over the world are announcing all manner of monetary and fiscal policy initiatives and stimulus (or stimuli, if you like), in order to lessen the horrible impact of this pandemic on their people. Apart from the intervention

  2 years ago ago
COVID-19: How Churches Can Show God’s Love.

ECONOMY-FINANCE

Nigerian Central Bank Says Its Ban on Crypto Accounts Is Nothing New

In Sunday’s statement, the CBN said Friday’s letter was only a reminder that cryptocurrencies were not legal tender in Nigeria and was reiterating a position the bank has held since 2017, not imposing new restrictions on the industry.  “It is important to clarify that the CBN circular of Feb. 5, 2021, did not place any new restrictions on cryptocurrencies, given that all banks in the country had earlier been forbidden, through CBN’s circular dated Jan. 12, 2017, not to use, hold, trade and/or transact

  1 year ago ago
Nigerian Central Bank Says Its Ban on Crypto Accounts Is Nothing New