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… CBN announces revised PAPSS transactions documentation requirements …C0NTINUE READING HERE >>>>
The Central Bank of Nigeria (CBN) has introduced updated documentation requirements for transactions carried out via the Pan-African Payment and Settlement System (PAPSS) in Nigeria. In a statement issued on Monday, April 28, by its Acting Director of Corporate Communications,… CBN Makes Fresh Announcement On PAPSS Transactions …C0NTINUE READING HERE >>>>
The Central Bank of Nigeria, CBN, has announced a significant revision of the documentation requirements for transactions conducted through the Pan-African Payment and Settlement System, PAPSS, in Nigeria, aimed at facilitating trade within the continent. This was contained in… AfCFTA: CBN reviews requirements for PAPSS transactions in Nigeria …C0NTINUE READING HERE >>>>
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has reiterated that the focus of the apex bank is to bring down the country’s inflation to single digits in the medium term. Cardoso disclosed this at the conclusion of the 2025 International Monetary Fund and… CBN focusing on bringing down inflation — Cardoso …C0NTINUE … Read more
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… FG aims at single digit inflation, pursues more FDI inflows …C0NTINUE … Read more
The Central Bank of Nigeria (CBN) raised a total of N1.008 trillion at its Open Market Operations (OMO) auction held on Friday, April 25, 2025. This follows an overwhelming investor demand that led to a 102 percent oversubscription. According to the apex bank data, the… CBN raises over N1tn in fresh OMO auction …C0NTINUE READING … Read more
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has stated that the apex bank’s policies are yielding the necessary results to stabilise the nation’s economy. Henzodaily reports that Cardoso said the apex bank would continue its efforts to sustain… World Admires Nigeria For Taking Difficult But Necessary Reforms …C0NTINUE READING HERE >>>>
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… CBN approves cash-based BTA for 2025 Hajj …C0NTINUE READING HERE … Read more
The governor of the Central Bank of Nigeria, Olayemi Cardoso, has said the apex bank’s reforms have returned confidence in the country’s financial sector. In a statement at the weekend, Cardoso disclosed this at a global forum at Nasdaq MarketSite in New York on… CBN bold reforms have raised investors’ confidence in Nigeria — Cardoso … Read more
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, and the bank’s Director of Legal Services, Kofo Salam-Alada, are facing contempt proceedings for allegedly failing to comply fully with a Supreme Court judgment. The case pertains to the release of funds… CBN Governor, Legal Director Face Contempt Proceedings Over Alleged Non-Compliance With Supreme … Read more