Category Archives: Uncategorized

CBN increases currency in circulation by N418bn over cash transactions

THE currency in circulation rose by N418bn from N2.91tn in December, 2020, to N3.33tn in December,  2021, according to figures obtained from the…
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Senate votes against putting VAT on exclusive legislative list

The Nigerian Senate voted against adding the Value Added Taxes into the exclusive legislative list. This was disclosed by the Senate during Tuesday’s…
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Naira closed flat as Russian-Ukraine invasion sends cryptos crashing

The exchange rate between the naira and the US dollar closed at N416/$1 at the Investors and Exporters (I&E) window, where forex is…
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CBN to stop forex sale to banks by December, targets $200bn non-oil exports

CBN to stop forex sale to banks by December, targets $200bn non-oil exports The Central Bank of Nigeria has revealed that it will…
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N23.2bn loan: CBN releases list of beneficiaries

The Central Bank of Nigeria on Wednesday released a list containing details of the 28 firms that benefitted from the N23.2bn loans disbursed…
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CBN intervention policies push currency in circulation to highest level in history

Currency in circulation in Nigeria rose by N1.15 trillion in 2021 to N3.33 trillion as of December 2021 its highest level on record.…
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Globasure Roaming SIM (gROAM)

A roaming SIM is a mobile phone SIM card that operates on more than one network within its home country. Roaming SIMs currently…
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CBN Postpones Launch Of eNaira

The Central Bank of Nigeria on Yesterday, announced the postponement of the planned unveiling of the digital currency, eNaira. The launch was initially…
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What makes eNaira different from money in your bank account

The Central Bank of Nigeria’s eNaira website has gone live ahead of the October 1 official launch. According to the website, www.enaira.com, “eNaira…
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What is Fintech ? Types of Fintech

Fintech, or financial technology, is the term used to describe any technology that delivers financial services through software, such as online banking, mobile…
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