BUSINESS

CBN, CBE set up ‘Nigeria-Egypt FinTech Bridge’

Daily Dispatch July 18, 2023

The Central Bank of Nigeria (CBN) and the Central Bank of Egypt (CBE) have signed a memorandum of understanding (MOU) to establish a Nigeria-Egypt FinTech Bridge. The signing ceremony, which took place at the Seamless North Africa 2023 conference at the Egypt International Exhibition

NEWS

DSS finally charged Emefiele to court

Daily Dispatch July 13, 2023

The Department of State Services (DSS) says it has charged embattled suspended Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, to court. This is sequel to an Abuja High Court order of Thursday, July 13, 2023 that the secret police charge Emefiele to court within one week or release him. This is coming over […]

NEWS

Fundamental Human Rights: Emefiele knows fate today

Daily Dispatch July 13, 2023

The detained suspended governor of the Central Bank of Nigeria, Godwin Emefiele, will today, know his fate concerning the fundamental human rights suit he filed to challenge his arrest and detention by the Department of State Services. On June 10, the DSS arrested the governor of the apex bank, shortly after President Bola Tinubu suspended […]

TOP STORIES

Money Laundering: Nigeria places Cameroon, Vietnam, Croatia on watch list

Daily Dispatch July 7, 2023

The Central Bank of Nigeria has asked Deposit Money Banks and Other Financial Institutions in the country to increase monitoring of transactions with businesses and persons in and from Cameroon, Croatia and Vietnam. This was according to a circular referenced: FPR/AML/PUB/BOF/001/029, which was issued, on Thursday, by the Director, Financial Policy and Regulation, Mr

FEATURES

Emefiele, CBN: Akinyemi examines challenges, tasks Tinubu on way forward.

Daily Dispatch July 7, 2023

The Founder and Convener of Apostolic Round Table (ART), a Non-Governmental Organisation in the vanguard of advocacy for good governance, Dr Bolaji Akinyemi, has reminisced on the glorious days of the CBN under the leadership of erudite, credible and result oriented governors. He has also examined the maladministration and challenges faced by the institution under […]

BUSINESS

CBN limits contactless payment channels to ₦50,000 daily

Daily Dispatch June 28, 2023

The Central Bank of Nigeria (CBN) has limited the daily cumulative transaction limit to ₦50,000 and the single transaction limit to ₦15,000 contactless payments made through bank accounts or digital wallets. The transaction limit for contactless payments took effect on Tuesday, June 27, 2023. CBN’s director of the Payments and Systems Management Department, Musa Jimoh,