October 25, 2022/CBN The Central Bank of Nigeria, in furtherance of its efforts to standardise operations in the payments system, while encouraging the deployment of innovative products and sustain financial system stability, developed the draft Guidelines for Contactless Payments in Nigeria. Contactless payments, which involves the consummation of financial transactions […]
Money Market
CBN Marks First Anniversary of eNaira
October 25, 2022/CBN The Central Bank of Nigeria (CBN) has unveiled a programme of events to commemorate the first anniversary of the launch of Africa’s First Central Bank Digital Currency (CBDC) tagged the “eNaira”, which was formally launched by President Muhammadu Buhari at the State House, Aso Villa on Monday […]
Federal Reserve Board announces approval of application by Columbia Banking System, Inc.
October 25, 2022/US Federal Reserve The Federal Reserve Board on Tuesday announced its approval of the application by Columbia Banking System, Inc., Tacoma, Washington, to acquire Umpqua Holdings Corporation, Portland, Oregon, and thereby indirectly acquire its state nonmember bank, Umpqua Bank, Roseburg, Oregon. Attached is the Board’s order relating to […]
