Tag: CBN
-
Just in: CBN launches unique BVN platform for Nigerians in diaspora
The Central Bank of Nigeria (CBN), in partnership with the Nigeria Inter-Bank Settlement System (NIBSS), has officially launched a secure digital platform for banking access for Nigerians living overseas, named the Non-Resident BVN (NRBVN).
-
CBN unveils BVN platform for diaspora Nigerians
The Central Bank of Nigeria (CBN), in collaboration with the Nigeria Inter-Bank Settlement System (NIBSS) on Tuesday officially inaugurated the Non-Resident Bank Verification Number (NRBVN) platform in Abuja. According to the apex bank, this innovative digital gateway allows Nigerians in the diaspora to obtain a BVN
-
CBN announces revised PAPSS transactions documentation requirements
The Central Bank of Nigeria (CBN) has announced significant review of the documentation requirements for transactions conducted through the Pan-African Payment and Settlement System (PAPSS) in Nigeria. According to a statement by Hakama Sidi-Ali, CBN’s Acting Director, Corporate Communications Department,
-
FG aims at single digit inflation, pursues more FDI inflows
The Federal Government says it recognises the threat posed by inflation to the welfare of Nigerians, and is taking strategic measures to bring it down to single digit. The move is also aimed expanding investment frontiers of the economy, Finance Minister and Co-Ordinating Minister for the Economy, Olawale Edun and Central Bank of Nigeria (CBN)…
-
CBN approves cash-based BTA for 2025 Hajj
The Central Bank of Nigeria (CBN), has approved the request by the 2025 Hajj intending pilgrims to be granted cash transactions for the holy pilgrimage to the Kingdom of Saudi Arabia. This followed the intervention of Vice-President Kashim Shettima, who appealed to President Bola Tinubu on behalf of the pilgrims through the National Hajj Commission…
-
CBN gov faces contempt charge over Paris Club refund
A consulting firm, Melrose General Services Limited, has filed a contempt charge against the Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, and its Director of Legal Services, Salam-Alada Kofo, over dispute on the Paris Club refund. The company instituted the suit marked: FHC/ABJ/CS/532/2025 before Justice Inyang Ekwo of the Federal
-
Paris Club refund: Consultant files contempt charge against CBN
A consulting firm, Melrose General Services Limited, has filed a contempt charge against the Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, and its Director of Legal Services, Salam-Alada Kofo, over dispute on the Paris Club refund.
-
Bank recapitalisation crucial to achieving $1trn economy – CBN
The Central Bank of Nigeria (CBN), says recapitalisation of Nigerian banks is crucial to the march towards achieving a one-trillion dollar economy. CBN’s Deputy Governor, Corporate Services, Emem Usoro, said this on Monday in Abuja, at the ongoing 36th edition of the Finance Correspondents Association of Nigeria (FICAN).
-
Economy resurgence: CBN declares $6.83bn balance of payments surplus
The Central Bank of Nigeria (CBN) has announced a Balance of Payments (BOP) surplus of 6.83 billion dollars for the 2024 financial year. According to a statement issued by Hakama Sidi-Ali, CBN’s Director, Corporate Communications Department,
-
CBN injects $197.71m to boost fx liquidity
The Central Bank of Nigeria (CBN) on Friday supplied a total of $197.71 million to the foreign exchange market through sales to authourised dealers. The apex bank’s Director of Financial Markets Department, Dr Omolara Duke, disclosed this in a statement on