Archives Tag: Central Bank Of Nigeria
Do You Know: How the Terms ’Naira’ and ‘Kobo’ came about?
April 19, 2022
Currency is like current; meant to flow. But with this ‘flow’ has been evolutions. Evolution from the barter systems, to the use of precious stones, objects and artifacts, to cowries, to coins and paper money (and polymer money can be added to it too). it is easy to identify some countries and regions by the … Continue reading Do You Know: How the Terms ’Naira’ and ‘Kobo’ came about?
By jeremiah
Why Access Bank Has Moved to Buy Diamond Bank
April 19, 2022
It’s been reported that Access Bank has moved to acquire Diamond Bank. This comes in the wake of the signing of a Memorandum of Understanding (MoU) between the two banks over the weekend, which should see them officially recognized as a single company in the coming week. The melding of the two banks, which is … Continue reading Why Access Bank Has Moved to Buy Diamond Bank
2018 ANFIFC: First Bank Emerge Winners
April 19, 2022
First Bank Nigeria has emerged champions of the 2018 All Nigeria Financial Institutions Football Competition (ANFIFC), after they edged the Securities and Exchange Commissions (SEC), 4-2 in penalties, at the final showdown in Ibadan. Both teams were determined to prove themselves not just the better football team, but, also the better financial institution, as they … Continue reading 2018 ANFIFC: First Bank Emerge Winners
By achem
Nigerian-American Chamber of Commerce (NACC) Held March Breakfast Meeting
April 19, 2022
The Nigerian-American Chamber of Commerce (NACC) recently held her March Breakfast Meeting, themed, NIGERIA AFTER THE RECESSION: 2018 Q1 Review and Economic Outlook for 2018. The breakfast meeting, which was the first in the year 2018, held at Oriental Hotel, Victoria Island, Lagos on Wednesday, 28th March. The event which had as it’s Guest Speaker, … Continue reading Nigerian-American Chamber of Commerce (NACC) Held March Breakfast Meeting
By guestpost
#CNBizFair 2018: Introducing Ngozi Princewill Utchay
April 19, 2022
When relating with prospects and clients, there is one attribute that can put you ahead of the pack; that is the professional attitude. To have the right professional approach, business owners need to know the etiquette, and have an image that reflects positively on their business. Etiquette is all about showing respect and consideration for … Continue reading #CNBizFair 2018: Introducing Ngozi Princewill Utchay
By ann
Things You Need To Know About Bitcoin in Nigeria
April 19, 2022
Everywhere you turn your head, there is an influx of information about bitcoins around us. Investors, entrepreneurs and stock traders, financial advisers, are daily flooding our heads, leaving us confused about its meaning. In simplest terms, Bitcoin is the oldest and most valued cryptocurrency, it is a digital currency that is not controlled by a central authority, for instance, banks … Continue reading Things You Need To Know About Bitcoin in Nigeria
By adepeju
NYSC Lauches Job Portal For Corp Members
April 19, 2022
National Youth Service Corps has launched a curriculum vitae repository services and a job portal in furtherance of its drive to increase opportunities for fresh graduates. The job portal is created to help employers find corps members with requisite skills and qualifications that would coordinate the needs of the organization. portal.nysc.org.ng, is an initiative of the NYSC Lagos State Coordinator, the Skills Acquisition and Entrepreneurship … Continue reading NYSC Lauches Job Portal For Corp Members
By adepeju
CBN’s Releases Dedicated Telephone Line and Email for FOREX Related Complaints
April 19, 2022
The Central Bank of Nigeria says it will be receiving complaints related to foreign exchange from the public through a dedicated phone line and an email address, both of which it has made public. These media will be open to complaints from people who have been denied access to foreign exchange by banks for school … Continue reading CBN’s Releases Dedicated Telephone Line and Email for FOREX Related Complaints
Banks To Set Up Foreign Exchange Outlets at Major Airports
April 19, 2022
The Central Bank of Nigeria has announced a new set of measures aimed at increasing the availability of foreign exchange to Nigerians. The apex bank made its new policy drive known through a press release issued on Monday and signed by its Acting Director of Corporate Communications, Isaac Okorafor. In it the regulator indicated that … Continue reading Banks To Set Up Foreign Exchange Outlets at Major Airports
The CBN Wants to Eliminate the Currency Black Market
April 19, 2022
The Central bank of Nigeria has indicated that it plans to put an end to Nigeria’s thriving parallel currency market. Officials of the country’s apex bank say the institution will be moving against the black market to curb what they describe as its negative impact on the Nigerian economy. Minister of Finance, Mrs Kemi Adeosun, … Continue reading The CBN Wants to Eliminate the Currency Black Market
Nigeria Today: Top 5 News Stories, Wednesday, Dec 7th, 2016
April 19, 2022
1. President Muhammadu Buhari has formally announced that the 2017 Appropriation Bill will be presented to the National Assembly on December 14. 2. Swift Network and Cobranet have emerged winners from the bidding process of the sale of two slots of 5.4GHz spectrum auctioned by the Nigerian Communications Commission (NCC) at a final price of N55.4 million. … Continue reading Nigeria Today: Top 5 News Stories, Wednesday, Dec 7th, 2016
By ogo-eze
Why Agriculture in Nigeria Is Growing, Despite the Recession
April 19, 2022
THE National Bureau of Statistics on Wednesday released data on Nigeria’s Gross Domestic Product for the second quarter of 2016. Overall, the picture painted by the document was, to put it mildly, less than savory. The headlines were almost unified in their annunciation of a 2.06 percentage point decline in the value of the country’s … Continue reading Why Agriculture in Nigeria Is Growing, Despite the Recession
CBN to Reveal Flexible Forex Guidelines This Week
April 19, 2022
Reports making the rounds suggest that the Central Bank of Nigeria could be making its guidelines for the new flexible foreign exchange regimes this week. There is a general expectation that this will be done on Friday. The adoption of a flexible FOREX regime by the country’s apex bank followed increasing difficulties encountered by businesses … Continue reading CBN to Reveal Flexible Forex Guidelines This Week
CBN Bans Use of Nigerian Debit Cards Overseas
April 19, 2022
Central Bank of Nigeria (CBN) has ordered commercial banks to stop customers from using their debit and credit cards outside the country. According to the bank, the measure is part of Federal Government’s efforts to obstruct the flow of foreign exchange out of the country following the intense pressure on the naira in the past … Continue reading CBN Bans Use of Nigerian Debit Cards Overseas
By ejura
CBN Bans Street Trading of Foreign Exchange from Jan 1, 2016
April 19, 2022
In the Bank’s latest official circular, the Central Bank of Nigeria has announced its decision to ban the hawking of foreign exchange on streets as from January 1st, 2016. This is a practice commonly used by many Nigerians in preparation for journeys abroad, most of whom reside in the urban hubs of Lagos, Abuja and Port … Continue reading CBN Bans Street Trading of Foreign Exchange from Jan 1, 2016
By ify
