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Tag: financial institutions

Nigeria Looks To Canada For Emergency Potash Supply To Replace Russia

Nigeria Sovereign Investment Authority (NSIA)
Nigeria bought emergency supplies of Canadian potash in April after the country was unable to import the key fertiliser ingredient from Russia, due to the impact of Western sanctions, theRead More

US: Disclosure Of Beneficial Owners Of Companies Key In Tackling Illicit Financial Flow

United States of America (USA)
Identifies real estate sector as major conduit The United States of America (USA) has observed that for the fight against Illicit Financial Flow (IFF) to record any meaningful success, countriesRead More

CBN To Enhance Regulation Of Fintech Digital Playing Field

CBN Godwin Emefiele
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has stated that the speed and innovation occurring in the payment system calls for enhance regulations to keepRead More

CBN: $2bn Spent On Wheat Importation Annually

Central Bank of Nigeria (CBN)
Moves to boost local production, address challenges in commodity value chain Says eNaira will boost monetary policy transmission, others, caps transactions Cashless policy: Court rejects alleged discriminatory bank charges imposedRead More

Northern Governors Responsible For Banditry, Kidnapping, Other Security Challenges – Arewa Forum

Arewa Consultative Forum (ACF)
The Arewa Consultative Forum has blamed northern governors for the high level of insecurity particularly in the north and the country at large, describing their abandonment of youths in theRead More

With New Bill, Senate Empowers AMCON To Seize Debtors’ Assets

Asset Management Corporation of Nigeria Amendment (AMCON)
The Senate yesterday passed the Asset Management Corporation of Nigeria Amendment (AMCON) bill after considering the report of its Committee on Banking, Insurance, and Other Financial Institutions. The amendment billRead More

Restricting Cryptocurrency Trading In Nigerians’ Best Interest – Emefiele

CBN Godwin Emefiele
ICPC, NFIU back apex bank The Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has said that the CBN acted in the nation’s best interest by ordering banks,Read More

How FBI Warned FG, CBN On Scammers Using Cryptocurrencies To Defraud The West

Central Bank of Nigeria vs Cryptocurrency
Christine Lagarde: Bitcoin facilitates questionable transactions Nigeria surged to second highest crypto destination in the world raking $200 to $300million a week without underlining economic activity, alarming the CBN FGRead More

CBN Hammers Cryptocurrency Traders, Directs Banks To Close Their Accounts

Central Bank of Nigeria vs Cryptocurrency
The Central Bank of Nigeria yesterday directed banks and other financial institutions to immediately close any accounts dealing in cryptocurrency or facilitating payment for crypto currency exchange, with immediate effect.Read More

Nigeria Owes IMF, World Bank, Others $31.98bn

Debt Management Office (DMO)
Nigeria’s bilateral and multilateral debts stood at $31.98 billion as of September 2020, according to the latest figures released by the Debt Management Office (DMO). The outstanding debts are notRead More