Central Bank of Nigeria
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Just 21 days remain until the Central Bank of Nigeria’s (CBN) deadline for all bank customers to obtain a Bank Verification Number (BVN). Encouragingly, data from the Nigerian Interbank Settlement System (NIBSS) shows a surge in registrations, bringing the total number of BVN holders to over 60.2 million. This marks a significant jump of 2.6% […]
Despite billions of naira pumped into boosting Nigerian rice production, the cost of local rice has skyrocketed, with a kilogramme jumping a staggering 73.2% in just one year. This spike comes as a bitter pill for Nigerians who rely on it as a staple food, and throws into question the effectiveness of government efforts to […]
Mergers and acquisitions loom as Nigeria’s Deposit Money Banks brace for another round of recapitalization in line with the country’s $1 trillion economy target. Last week, the Central Bank of Nigeria Governor, Olayemi Cardoso, in his speech at the 50th-anniversary dinner of the Chartered Institute of Bankers of Nigeria, CIBN, in Lagos, announced plans to recapitalize […]
