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CBN's N250b gas intervention to aid LPG penetration | The Guardian Nigeria News - Nigeria and World NewsBusiness — The Guardian Nigeria News – Nigeria and World News

As Nigeria moves to increase domestic Liquefied Petroleum Gas (LPG) consumption to five million metric tonnes (mmt) by 2021, stakeholders yesterday. ....

France General , Dayo Adeshina , Habeeb Jaiyeola , Central Bank , Sustainable Development Goals , Distribution Association , Petroleum Gas , Liquefied Petroleum Gas , Paris Climate Change , African Refiners , Federal Government , Compressed Natural Gas , Implementation Plan , Associate Director , Liquefied Petroleum Gas , பிரான்ஸ் ஜநரல் , மைய வங்கி , நிலையான வளர்ச்சி இலக்குகள் , விநியோகம் சங்கம் , பெட்ரோலியம் வாயு , திரவமாக்கப்பட்டது பெட்ரோலியம் வாயு , பாரிஸ் காலநிலை மாற்றம் , கூட்டாட்சியின் அரசு , சுருக்கப்பட்டது இயற்கை வாயு , செயல்படுத்தல் திட்டம் , இணை இயக்குனர் ,

How CBN hampers financial system innovation

Emefiele. Photo/TWITTER/CENBANKThe traditional financial system is broken and does not work for Nigerians. EFINA’s 2018 survey provides the clearest example of this, as over 36.6 million or 37.0 per cent of Nigerians are still financially excluded. This means that the country has a number of people, larger than the populations of 44 African countries, who do not have access to financial services such as payment, credit, insurance, savings, and many more.

Academic studies often cite increased economic growth, prosperity and lower poverty levels as a good outcome of financial inclusion. Without access to financial services, households and businesses would fare considerably worse. This is why financial inclusion has been a big goal for governments across the world and is featured as an enabler in achieving eight of the 17 targets of the SDGs. ....

International Money Transfer Operators Imtos , Financial Technology Fintech , Payment System Bank , Financial Inclusion Strategy , Financial Technology , Sub Saharan Africa , International Money Transfer Operators , நிதி தொழில்நுட்பம் ஃபிண்டெக் , நிதி சேர்த்தல் மூலோபாயம் , நிதி தொழில்நுட்பம் , சர்வதேச பணம் பரிமாற்றம் ஆபரேட்டர்கள் ,

WorldRemit reaffirms commitment to CBN's Naira 4 Dollar Scheme | The Guardian Nigeria News - Nigeria and World NewsBusiness — The Guardian Nigeria News – Nigeria and World News

Naira vs Dollar. Photo: NAIRAMETRICS
Global cross-border payment company, WorldRemit, has said it would continue to reward customers who receive international money transfers through its partner banks in Nigeria.
The promise is in line with the extension of the Central Bank of Nigeria’s (CBN) Naira for Dollar Scheme. The scheme, which was launched on March 8, 2021, will run indefinitely following a notice released by the apex bank.
The Naira 4 Dollar scheme was launched as a strategy to increase diaspora remittances and discourage the use of informal routes. The CBN believes this incentive will improve FX inflows and boost liquidity in the foreign exchange market. ....

Gbenga Okejimi , Central Bank , Gbenga Okejimi , மைய வங்கி ,

Leveraging fertiliser initiative to check inflation, forex savings

NSIA, Uche Orji
Unlike in advanced nations where some level of inflation is tolerable to stimulate economic activities, Nigeria’s inflationary trend is detrimental to its growth due to structural deficiency, logistic problems, and insecurity among others. Many of the factors that have fuelled Nigeria’s rising inflation are not showing any signs of receding in the short term. Combined with a revenue problem, the need for government to boost local food production spurred the implementation of the Presidential Fertiliser Initiative (PFI). FEMI ADEKOYA writes on progress made thus far.
To conserve foreign exchange, the Central Bank of Nigeria (CBN) placed some products on restriction, while urging many businesses to embrace import substitution. ....

Akwa Ibom State , Akwa Ibom , Abuja Federal Capital Territory , Jigawa State , Thomas Etuh , Muhammadu Buhari , Mohammed Abubakar Badaru , Uche Orji , Central Bank , National Planning , University Mohamed Vi Polytechnic , Group Of Morocco , Nigeria National Petroleum Corporation , Nigerian Presidential Fertiliser Initiative , Gas Aggregation Company Nigeria , Ministry Of Finance Budget , Petroleum Resources Timipre Sylva , Nigerian National Petroleum Corporation , Ministry Of Finance Incorporated , Suppliers Association Of Nigeria , Presidential Fertiliser Initiative , Nigerian Sovereign Investment Authority , Ministry Of Agriculture , Rural Development , Venture Company , Nigeria Sovereign Investment Authority ,

Banks owe MTN N40 billion as digital revenue climbs by 101% | The Guardian Nigeria News - Nigeria and World NewsBusiness — The Guardian Nigeria News – Nigeria and World News

MTN Nigeria has said that banks are indebted to it to the tune of N40.3 billion as of the end of first quarter 2021 on the account of unstructured supplementary service data (USSD).
MTN informed that its digital revenue grew by 101 per cent and fintech revenue by 28.5 per cent as customers continued to adopt more digital products and services, a trend accelerated by the COVID-19 pandemic.
The firm, in its Q1 financial report, said the enterprise business continued its recovery from the impacts of the COVID-19 lockdown as the economy improved.
It, however, said service revenue for the enterprise was largely flat year-on-year (YoY) mainly due to the non-recognition of USSD revenue in Q1. ....

Karl Toriola , Central Bank , Nigerian Communications Commission , Chief Executive Officer , Mtn Nigeria , மைய வங்கி , நைஜீரியன் தகவல்தொடர்புகள் தரகு , தலைமை நிர்வாகி அதிகாரி ,