Archives Tag: CBN
The CBN’s Plan To Redesign The Naira: 6 Facts You Should Know
April 19, 2022
The Central Bank of Nigeria on Wednesday announced that it would be redesigning the ₦200, ₦500, and ₦1,000 notes. Godwin Emefiele, the CBN governor, disclosed this at a press briefing. Read more about Business According to the apex bank, the new notes will begin circulating on December 15, 2022. However, the old notes will remain … Continue reading The CBN’s Plan To Redesign The Naira: 6 Facts You Should Know
BREAKING: CBN To Redesign the Naira Notes
April 19, 2022
The Central Bank of Nigeria (CBN) has revealed its plans to introduce newly redesigned naira notes for N200, N500 and N1000. Godwin Emefiele, the CBN governor, announced this at a press briefing in Abuja Wednesday. Read more about News According to the governor, the major reasons for the redesign are the significant hoarding of … Continue reading BREAKING: CBN To Redesign the Naira Notes
Rules For Operating A Fintech In Nigeria
April 19, 2022
As an entrepreneur, establishing and operating a fintech in Nigeria depends on adherence to certain rules. Just like policies, these rules are open to reviews and amendments. This is why the Central Bank of Nigeria (CBN) recently made some changes to the legal and regulatory framework around the establishment and operation of fintech companies in … Continue reading Rules For Operating A Fintech In Nigeria
Nigerians In History: Clement Nyong Isong
April 19, 2022
Clement Nyong Isong, CFR was a Nigerian banker and politician who was governor of the Central Bank of Nigeria (1967–1975) during the military regime of General Yakubu Gowon. He was later elected governor of Cross River State (1979–1983) in the Nigerian Second Republic. Background and Education Isong was born on 20 April 1920 in … Continue reading Nigerians In History: Clement Nyong Isong
By jeremiah
Nigerians In History: Obadiah Mailafiya
April 19, 2022
Mailafia was born on 24 December 1956 in the village of Randa in the Sanga Local Government Area of Kaduna State. His father Baba Mailafia Gambo Galadima was an Evangelist with the Evangelical Reformed Church of Central Nigeria (ERCC). Mailafia was raised as a missionary child in a multiracial environment. His parents later transferred … Continue reading Nigerians In History: Obadiah Mailafiya
By jeremiah
Women You Should Know: Sarah Alade
April 19, 2022
Sarah Alade was the Acting Governor of the Central Bank of Nigeria during the suspension of Lamido Sanusi until his tenure ended. She was appointed to the post by President Goodluck Jonathan on 20 February 2014. Read more about Women you should know Alade was appointed acting governor of the Central Bank of Nigeria … Continue reading Women You Should Know: Sarah Alade
By jeremiah
Did You Know? Discover Nigeria
Did You Know? The First Indigenous Governor Of The Central Bank Of Nigeria
April 19, 2022
Mallam Aliyu Mai-Bornu was a Nigerian economist and the first indigenous governor of the Central Bank of Nigeria. Read more about Did You Know? Early Life Mai-Bornu was born in 1919 to parents of Kanuri origin in present-day Borno State. His father was a councillor in the Lamido Native Authority and initially opposed Mai-Bornu’s … Continue reading Did You Know? The First Indigenous Governor Of The Central Bank Of Nigeria
By jeremiah
The Concept Of e-Naira In Nigeria
April 19, 2022
e-naira is the digital form of naira, issued by the Central Bank of Nigeria, thereby, making it a legal tender. The e-Naira was developed by the fintech company, Bitt, based in the Caribbean. With this development, Nigeria has become the first in Africa to develop a digital currency, and there is a need to … Continue reading The Concept Of e-Naira In Nigeria
CBN Presents NGN 500 Million Each To Six Pioneer Beneficiaries Of The TIES
April 19, 2022
In a bid to create entrepreneurship rather than a job-seeking mindset among Nigerian graduates and undergraduates, the CBN has presented the sum of NGN 5 million each to six pioneer beneficiaries of the Tertiary Institutions Entrepreneurship Scheme (TIES). Read more about Opportunities The fund is meant to help the beneficiaries grow their businesses, create … Continue reading CBN Presents NGN 500 Million Each To Six Pioneer Beneficiaries Of The TIES
By ugo-chinedu
The FinTech Industry And CBN Legal Regulations In Nigeria
April 19, 2022
‘FinTech’, a combination of Finance and Technology, has become a buzzword of the decade. The 2008 global economic meltdown and all that led to it birthed several reforms in the banking and financial industry worldwide. Read more about FinTech Experts, governments and professionals began to advocate for more data-driven banking industry, especially data empowered … Continue reading The FinTech Industry And CBN Legal Regulations In Nigeria
N150M Up For Grabs In The CBN Tertiary Institutions Entrepreneurship Scheme Loan
April 19, 2022
There is a call for applications for the Tertiary Institutions Entrepreneurship Scheme (TIES) Loan. The scheme is an initiative targeted at empowering graduates of Nigerian Polytechnics and Universities with entrepreneurial skills for Entrepreneurship Development, Economic Development, and Job creation. Read more about Opportunities Objectives Of The Scheme The broad objective of the Scheme is … Continue reading N150M Up For Grabs In The CBN Tertiary Institutions Entrepreneurship Scheme Loan
The Rise Of E-money & The Launch Of Digital Naira (e-naira) By CBN
April 19, 2022
With the rapid advancement in technology, especially in the financial sector, it has come as no surprise that the world has seen a rapid surge in e-payment channels. Read more about FinTech Digital money is defined, in basic terms, as the alternative for cash. It’s digital, therefore it’s not a physical entity. There has … Continue reading The Rise Of E-money & The Launch Of Digital Naira (e-naira) By CBN
By guestpost
Last Week In Business
April 19, 2022
So last week was particularly interesting in Business and I just thought to chronicle it in a single article. Note that these were actually the biggest business happenings from the past and not necessarily all there is to the news in business from last week. Read more about Business Piggyvest acquires Savi.ng Piggyvest is … Continue reading Last Week In Business
By david-okwara
Nigeria Plans To Launch Digital Currency Before 2022
April 19, 2022
The earlier speculation that the Central Bank of Nigeria (CBN) will be launching a digital currency has now been confirmed by the apex bank itself. Read more about FinTech The Director, Information Technology Department, Central Bank of Nigeria (CBN), Mrs Rakiyat Mohammed, stated on June 10 that the CBN will be launching a Central Bank … Continue reading Nigeria Plans To Launch Digital Currency Before 2022
By adedoyin
Institutional And Regulatory Framework For The Establishment And Operation Of Banks Under Nigerian Law
April 19, 2022
Bank means any person who carries on banking business. banking business is defined as the business of receiving money on current account from the general public, of paying or collecting cheques drawn by customers and making advances to customers. Read more about The law and you There are several laws that regulate banking business … Continue reading Institutional And Regulatory Framework For The Establishment And Operation Of Banks Under Nigerian Law
