CBN orders banks to update Anti-Money Laundering protocols
The Central Bank of Nigeria (CBN) has advised all banks to update alert protocols in their Anti-Money Laundering/Combating the Financing of Terrorism monitoring tools,...
CBN orders Banks to comply with SWIFT payment
The Central Bank of Nigeria (CBN) has ordered banks to comply with the SWIFT universal payment confirmation.
It stated this in a circular titled ‘Compliance...
Removal of petrol subsidy was important- World Bank
The World Bank has revealed that the removal of petrol subsidy in Nigeria was an important step amid the COVID-19 crisis.
The bank, in its...
Nigeria’s export to US under AGOA declines to $244.1m
Nigeria’s export to the United States under the African Growth and Opportunity Act (AGOA) policy declined in the first half of 2020 to $244.1m.
According...
FEC approves N13.08tn budget estimate for 2021
The Federal Executive Council (FEC) has approved a budget estimate of N13.08trn for the 2021 fiscal year.
The fiscal document was approved at a meeting...
NBS to embark on national economic census after 20 years
The National Bureau of Statistics (NBS) will embark on a national economic census across the country from October 12.
It disclosed that it had been...
Bank to pursue expansionary monetary policies- CBN
The Central Bank of Nigeria Governor, Mr Godwin Emefiele, has revealed that the bank will pursue expansionary monetary policies to fight recession because the...
Inflation rate to rise to 14.5% by December- CBN
The Central Bank of Nigeria (CBN) has disclosed that the country’s inflation rate which stood at 12.82 per cent in July may rise up...
CBN, Bankers’ Committee launch fraud awareness campaign
The Central Bank of Nigeria (CBN) and the Bankers’ Committee have launched a cyber-security and fraud awareness campaign termed ‘Moni Sense’.
The campaign is to...
N263.78tn worth of transactions recorded in Q2- NBS
The National Bureau of Statistics (NBS) has revealed that a total volume of 2,160,436,659 transactions valued at N263.78tn was recorded in the first six...
