JUST IN: CBN has no Plans To Redenominate Naira – CBN Clarifies
The Central Bank of Nigeria has denied claims that it plans to re-denominate the country’s currency, Naira, with effect from January 2023. CBN’s Director of…
Category: ECONOMY
Fidelity Bank resumes interbank transfers to Opay, Palmpay, Moniepoint
Fidelity Bank Plc has concluded its banking channel integration optimization with some neobanks and resumed interbank transfers to Opay, Palmpay, Moniepoint via its Mobile App…
Fidelity takes over 100% stake in Union Bank UK
FIDELITY Bank Plc has entered into a binding agreement for the acquisition of 100 per cent equity stake in the United Kingdom arm of Union…
Breaking!! CBN set to redenominate and introduce New Naira policy by November to make 1 Naira become 1.25USD
The new ‘Strategic Agenda for the Naira’ was announced by the Central Bank of Nigeria, generating a healthy national debate. Before we undertake a nationwide…
Shock, outrage over Central Bank of Nigeria (CBN) $15b foreign debt
Many Nigerians were dazed following reports of the $15 billion foreign debts allegedly accumulated by the Central Bank of Nigeria (CBN) during the tenure of…
SECURE YOUR MONEY: See the list of 132 microfinance banks CBN revoked their licenses (see documents)
The Central Bank of Nigeria (CBN) has revoked the operating licenses of 132 Microfinance Banks, three finance companies and four primary mortgage banks. The list…
FG backtracks on suspension of petrol subsidy removal
Contrary to recent reports, the Nigerian government on Friday insisted that it has not suspended plans to remove petroleum subsidy by June, 2023 The Federal…
FG APPROVES LOAN APPS IN NIGERIA: Here is the full list of approved loan apps in Nigeria
No fewer than 173 digital lending applications have been approved to operate in Nigeria by the Federal Competition and Consumer Protection Commission. Of the 173…
SHOCK: CBN limits cash withdrawals to N100k weekly, N20k daily
The Central Bank of Nigeria (CBN) has ordered Deposit Money Banks (DMOs) and other financial institutions to ensure that weekly over-the-counter (OTC) cash withdrawals by…
We knew nothing about naira redesign, says Finance Minister
The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, has stated she knew nothing about the recent decision of the Central Bank of…