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The CBN Just Removed These 7 Banking Barriers For Nigerians Abroad

Posted by Dammyjay Jameson on 14 May 2025 12:40 PM CAT

The Central Bank of Nigeria has finally dismantled the longstanding obstacles that have kept millions of Nigerians in diaspora disconnected from their homeland's financial system. With the launch of the Non-Resident Bank Verification Number (NRBVN), yesterday in Abuja, the CBN has systematically eliminated barriers that once restrained Nigerians abroad from making seamless and cost-effective financial transactions to Nigeria. This transformative initiative is already eliciting much excitement from Nigerians living abroad as a dream come true. Now they can make transactions from anywhere in the world as if they’re right in Nigeria.

1. Mandatory physical presence for banking services

The Barrier: Previously, Nigerians abroad had to physically travel to Nigeria just to open accounts, update information, or complete basic banking tasks.

CBN's Solution: The NRBVN has eliminated this requirement entirely, allowing complete digital verification from anywhere in the world.

What This Means For You: No more expensive flights home just to handle banking matters. As CBN Governor Olayemi Cardoso highlighted at the NRBVN launch, this removes "considerable costs in terms of time and financial resources, especially for individuals residing in remote locations." Your financial connection to Nigeria is now independent of your physical location.

2. Limited access to Nigerian financial institutions

The Barrier : Distance created an insurmountable wall between diaspora Nigerians and Nigerian banks, restricting their ability to fully participate in the financial system.

CBN's Solution : A comprehensive digital platform that connects Nigerians abroad directly to the entire banking ecosystem.

What This Means For You : You can now open and manage accounts, conduct transactions, and access the full range of services from your phone or computer. The new platform creates what Governor Cardoso calls a "single digital gateway" that enables "seamless access to banking services" for all Nigerians, regardless of where they live.

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Nigeria Begins Export Of ‘obodo’ Crude To Germany

Posted by Dammyjay Jameson on 14 May 2025 12:40 PM CAT

ActionAid knocks FG over partial remittance of subsidy removal gains

By : Oliwe Anthony

There are indications that cargo of Nigeria’s newest crude blend, Obodo, has been loaded and is possibly en route to Germany, according to market sources.

Amid rising poverty and fiscal crisis, ActionAid Nigeria has criticised the Federal Government over the delay and partial remittance of fuel subsidy removal gains by the Nigerian National Petroleum Company Limited (NNPCL).

The Suezmax tanker, Atlanta Spirit, lifted the cargo on April 25 from the Tamara Tokoni Floating Production, Storage and Offloading (FPSO) vessel, tracking data from Kpler shows.

Argus reported that Nigerian energy firm, Oando, which marketed the cargo, reportedly sold it to an undisclosed buyer, traders familiar with the matter said.

A source at NNPCL disclosed that the shipment might be destined for Wilhelmshaven, a key North Sea port in Germany. Obodo is a medium-sweet crude with an American Petroleum Institute (API) gravity of 27.65° and an ultra-low sulphur content of 0.05 per cent, according to a crude assay reviewed by Argus. Information on Obodo’s current production levels is yet to be made public.

The grade is being produced by Nigerian independent firm, Continental Oil and Gas, from the onshore Oil Mining Lease (OML) 150 in the Niger Delta. Its introduction follows the recent revival of similar medium sweet crudes such as Utapate, which NNPCL restarted in 2024, and Nembe, launched a year earlier.

Obodo is expected to appeal to European refiners, particularly as Nigeria’s other medium sweet grades, including Forcados, Escravos and Bonga have predominantly been shipped to Europe, which remains the largest market for Nigerian crude.

Speaking at the Argus European Crude Conference in London, Managing Director of NNPC Exploration and Production Limited (NEPL), Nicholas Foucart, hailed the development as a major milestone for the Nigerian oil sector, stating it would boost both export

volumes and revenue.

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WAEC 2025 Literature Drama and poetry: Verified Questions and Answers for 15th May (OBJ & Essay)

Posted by Dammyjay Jameson on 14 May 2025 6:55 AM CAT

Thursday 15th May 2025 – WAEC Literature-In-English Exam Schedule

Candidates writing the 2025 West African Senior School Certificate Examination (WASSCE) should take note of the Literature-In-English Paper 3 (Drama & Poetry) scheduled for Thursday 15th May 2025.

Literature-In-English 3 (Drama & Poetry): Time to be confirmed by the school (usually a single session)

Students are advised to study all prescribed texts thoroughly and arrive on time with the necessary writing materials.

🔔 2025 WAEC Literature-In-English Drama & Poetry Questions and Answers will be available by 12 midnight!

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WAEC 2025 Literature Expo Drama {Poetry Questions and Answers - 15th May

Posted by Dammyjay Jameson on 14 May 2025 6:45 AM CAT

Thursday 15th May 2025 – WAEC Literature-In-English Exam Schedule

Candidates writing the 2025 West African Senior School Certificate Examination (WASSCE) should take note of the Literature-In-English Paper 3 (Drama & Poetry) scheduled for Thursday 15th May 2025.

Literature-In-English 3 (Drama & Poetry): Time to be confirmed by the school (usually a single session)

Students are advised to study all prescribed texts thoroughly and arrive on time with the necessary writing materials.

🔔 2025 WAEC Literature-In-English Drama & Poetry Questions and Answers will be available by 12 midnight!

Click to access it now

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Waec 2025 Literature Drama and poetry Questions And Answers - Midnight Questions And Answers

Posted by Dammyjay Jameson on 14 May 2025 6:45 AM CAT

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