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Tag: Central Bank of Nigeria

CBN Cash Withdrawal Policy Flawed, Needs to be Suspended – Nigeria Labour Congress

CBN Cash Withdrawal Policy Flawed, Needs to be Suspended – Nigeria Labour Congress

December 24, 2022 | by Ojukwu Emmanuel | 0
The Nigeria Labour Congress (NLC) through its president Ayuba Wabba has urged the Central Bank of Nigeria (CBN) to suspend its recent cash withdrawal policy noting that it poses so many implications to the majority of the citizens. The union…
Nigeria’s CBN Debits N838.32 Billion From 15 Banks

Nigeria’s CBN Debits N838.32 Billion From 15 Banks

October 10, 2022 | by Ojukwu Emmanuel | 0
The Central Bank of Nigeria has debited the sum of N838.32 billion from 15 banks for not meeting the minimum cash reserve ratio (CRR). The CRR is the percentage of customers’ deposits that must be kept with the central bank.…
Clickatell Partners With CBN To Launch A USSD Channel For eNaira

Clickatell Partners With CBN To Launch A USSD Channel For eNaira

September 19, 2022 | by Ojukwu Emmanuel | 0
Clickatell, a cpaas innovator and chat commerce leader that enables businesses to connect with their customers, has partnered with the central bank of Nigeria (CBN), to offer fast, simple and cost-effective eNaira banking services to Nigerians using the USSD code.…
Naira Ranks 11th in the List of 19 Worst Performing Currencies in the World for 2022

Naira Ranks 11th in the List of 19 Worst Performing Currencies in the World for 2022

September 6, 2022 | by Ojukwu Emmanuel | 0
The President Buhari administration has been described as incompetent, as the nation’s currency, the Naira, is currently a mess, among several other problems. According to Hanke’s Currency watchlist, compiled by Steve Hanke and John Hopkins University, it revealed the Naira…
Central Bank Of Nigeria Grants Flutterwave Switching And Processing License

Central Bank Of Nigeria Grants Flutterwave Switching And Processing License

September 1, 2022 | by Ojukwu Emmanuel | 0
Nigerian and African-focused fintech company, Flutterwave has been granted a switching and processing license by the Central Bank Of Nigeria, which is regarded as CBN’s most valuable payments processing license. Recall that the CBN last two years, in line with…
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