The Central Bank of Nigeria, CBN, in line with the Banks and Other Financial Institutions Act (BOFIA), 2020, on Monday, May 22, ordered the revocation of the operating licences of over 100 microfinance banks and other financial institutions. Making the announcement, the CBN governor, Godwin Emefiele stated that the bank came to the decision because …
As International Women’s Day draws closer, it is important to celebrate the progress made by women with regards to their finances. Despite historical and systemic disadvantages, women have proven that they have the ability to effectively manage their finances and achieve financial success. Women have made huge progress in recent years towards having equal rights, …
With the announcement by the Central Bank of Nigeria, CBN, that it is set to redesign some Naira notes, you may be concerned about this affects your money. In a recent move, the CBN governor, Godwin Emefiele, on Wednesday, October 26, 2022, said that the apex bank will be redesigning the ₦200, ₦500, and ₦1000 …
