CBN Sets N50k Daily Limit On Contactless Payments
Contactless payments are a safe and convenient way to conduct transactions between payment devices such as pre-paid, debit, and credit cards, key fobs, mobile...
CBN Auctions $876m To 26 Banks, Disqualifies Six
The Central Bank of Nigeria (CBN) has successfully auctioned $876.26 million to 26 deposit money banks (DMBs) in the latest Retail Dutch Auction System (RDAS) held...
After Subsidy Removal, FG Records Over N1tn Monthly Revenue Inflow – Finance Minister
The Minister of Finance, Mr Wale Edun, says that the Federation Account is witnessing improved revenue inflow since the removal of subsidy from an...
CBN Imposes N1.35bn Fine On 9 Banks Over ATM Cash Dispensing Failures
Nine banks were fined N1.35 billion by the Central Bank of Nigeria (CBN) yesterday for not allowing Naira notes to be used at automated...
CBN Sets Date To Freeze Accounts Without BVN
The Central Bank of Nigeria has directed a “Post no Debit” restriction on all bank accounts without Bank Verification Number and National Identification Number...
IMF Warns As Nigeria Captures 60% Of SSA Stablecoin Inflows
•Flags risks to monetary policy, financial integrity •As Nigeria ranks 2nd globally, with $59bn crypto inflows The International Monetary Fund (IMF) has disclosed that Nigeria accounts for...
Trade Ministry, SMEDAN Plan MSMEs Academy
The Federal Government, through the Federal Ministry of Industry, Trade and Investment has begun talks with the United Nations Industrial Development Organisation to set...
Tinubu Delists FCT From TSA, Minister To Enjoy Financial Autonomy
President Bola Tinubu has made the decision to remove the Federal Capital Territory Administration (FCTA) from the Treasury Single Account (TSA). This was announced during...
Nigeria’s Money Supply Drops Sightly To N123trn
…as currency outside bank drops 3% •Credit to govt, private sector shrinks Nigeria’s money supply (M²) fell by 0.8 percent month-on-month (MoM) to N123.4 trillion in...
Capital Projects Ongoing, Not Abandoned —Finance Ministry
The Federal Ministry of Finance has clarified that capital projects across Nigeria remain active despite concerns over low cash releases to ministries, departments, and agencies (MDAs)....
