Archives Tag: Central Bank

News

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

By chidiogo-akaelu

FinTech

April 19, 2022

The penetration of mobile phones in most African countries, particularly Nigeria, increased remittance rates and payments for goods and services. According to the World Bank, the Nigerian economy is one of the six biggest recipients of remittances in the world, attracting $24 billion in 2019, which made up 5% of the country’s GDP. The turmoil … Continue reading Ways To Buy Cryptocurrency In Nigeria Despite The FGN Ban

By eyimegwu-ekene

ECONOMY News

April 19, 2022

The Central Bank of Nigeria has had a leadership change. Mallam Sanusi Lamido Sanusi was governor of the apex bank until his replacement with Dr. Sarah Alade, a deputy governor of the bank, who will steer the affairs of the institution in an acting capacity in the interim. All Good Things End Mallam Sanusi Lamido … Continue reading Central Bank of Nigeria Changes Umpire: Sanusi Out, Alade In

By kunle-binuyo

BUSINESS

April 19, 2022

A banking agent is a retail or postal outlet contracted by a financial institution or a mobile network operator to process clients’ transactions. Rather than a branch teller, it is the owner or an employee of the retail outlet who conducts the transaction and lets clients deposit, withdraw, and transfer funds, pay their bills, inquire about an account balance, or receive government benefits or a direct deposit from their employer. Banking agents can be pharmacies, supermarkets, convenience stores, post offices, and many more.

By kobe