Archives for May 29, 2024
Tinubu Signs Bill Returning Old Anthem Into Law
President Bola Tinubu has assented to the National Anthem Bill 2024 reverting to the old national anthem, “Nigeria, we hail thee”. “This morning, Mr President signed into an Act of…
BDC operators urge CBN to reverse recapitalisation guidelines
The Association of Bureau De Change Operators of Nigeria has demanded that the Central Bank of Nigeria reverse the new capital requirement for its operations. In a circular issued last…
Currency outside banks falls by N27bn
Currency Outside Banks, CoB, fell month-on-month (MoM) by billion or percent to trillion in April from trillion in March 2024. The Central Bank of Nigeria, CBN, Money and Credit data…
How to Make PoS Registration a Win-Win for Nigeria’s Financial Future
By Elvis Eromosele The Central Bank of Nigeria (CBN) recently mandated that all Point of Sales (PoS) operators complete their registration with the Corporate Affairs Corporation (CAC) by July 7, 2024.…