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Banking & Finance

CBN Orders States To Repay N1.5trn Loans Owed FG

Oluwasina Phillip The Central Bank of Nigeria has said that states must repay all loan facility of about N1.5trn received as support from the apex bank, a punishment for accusing it of printing N60bn to support March federal allocation. The apex bank governor, Godwin Emefiele, said this on Thursday in …

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CBN To Restrict Forex For Sugar, Wheat Importaion

Oluwasina Phillip The Central Bank of Nigeria has unveiled plans to include sugar and wheat on the list of commodities that will be banned from accessing foreign exchange. The CBN Governor, Mr. Godwin Emefiele made this disclosure on Thursday in Awe, Nasarawa state during an inspection tour of the proposed …

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Jaiz Deploys New Code To Enhance Flexible Payment

Ebuka Daniel Jaiz Bank Plc, a non-interest bank, said it has embraced and deployed the newly introduced Quick Response Code to ease transactions for her customers and merchants. It said this in a statement issued in Abuja. NQR code is an indigenous payment platform designed by the Nigeria Interbank Settlement …

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