Tag: CBN
CBN approves two super agents to distribute banking services
Mrs Tokunbo Martins, the Director, Banking Supervision Department of the Central Bank of Nigeria (CBN), says the bank has approved…
Aisha Buhari, Garba Shehu got forex on orders of CBN gov, says PDP
Nigeria’s main opposition party, the Peoples Democratic Party (PDP) has claimed that the wife of the president, Aisha Buhari and…
Interswitch wins EPIS Awards
Funsho Arogundade Interswitch Limited has emerged as a multiple award winner at the maiden edition of the Electronic Payment Incentive…
Can CBN really tame the rising inflation?
With the recent economic downturn facing the nation gradually snowballing to becoming one of the greatest challenges of this administration,…
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SERAP to CBN: Withdraw corrupt recruitments or we’ll sue
Socio-Economic Rights and Accountability Project (SERAP) has sent an open letter to Godwin Emefiele, Governor of the Central Bank of…
CBN confirms explosion, death of staff
The Central Bank of Nigeria confirmed last night that two persons, a staff and a construction worker have died from…
Explosion at CBN office in Calabar, many feared dead
An explosion has rocked the Central Bank of Nigeria, Calabar branch killing many people, the Nigeria Television Authority (NTA) has…
Nigeria’s investor proposes N15trn Collateral Bank
Kazeem Ugbodaga Nigeria’s infrastruture development financier and Group Managing Director of CFL Group of Companies, Lai Omotola, has written to…
Illegal charges 2015: banks refund N6.2bn —CBN
The Central Bank of Nigeria (CBN), said it compelled Deposit Money Banks (DMBs), to refund N6.2 billion to customers they…
CBN agrees 5% lending rate to farmers – Ogbeh
The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, said the Central Bank of Nigeria (CBN) had agreed to…
Edo to massively benefit from CBN N143m intervention fund
No fewer than 377 cooperative societies in Edo have been selected to benefit from the N143 million Micro, Small and…
FG to make N66.1bn from stamp duty in 2016
The Federal Government is targeting an additional N66.1 billion revenue in 2016 from an imposed stamp duty of N50 on…
N50 Stamp Duty: CBN exempts salary accounts, self-to-self transactions
Payments of salaries and wages as well as payments and deposits for self-to-self transactions whether inter or intra bank are…
Ex-CBN chief calls for less dependence on oil trade
A retired Director of the CBN, Chris Nemedia, on Monday urged the Federal Government to be less-dependent on trading in…
CBN stops dollar sales to bureaux de change
The Central Bank of Nigeria (CBN) says it has discontinued the sale of foreign exchange (forex) to Bureau De Change…
$14bn: CBN assures Dangote Group of FOREX support
The Central Bank of Nigeria (CBN) has said that it would assist the Dangote Group to access foreign exchange to…
Dasukigate: SERAP wants EFCC, ICPC to go after CBN, other banks’ executives
Socio-Economic Rights and Accountability Project (SERAP) has sent petitions to the Economic and Financial Crimes Commission (EFCC) and the Independent…
Association lauds CBN new guidelines on loans for SMEs
Eke Ubiji, the Executive Secretary, Nigerian Association of Small and Medium Enterprises (NASME), has lauded the proposal of CBN to…
50 IDPs get knitting machines in Maiduguri
The North-East Entrepreneurship Development Centre (EDC), of Central Bank of Nigeria (CBN), on Sunday distributed 50 knitting machines to 50…
I delivered $47m in 11 suitcases to Dasuki – Ex-director
A former Director of Finance in the Office of the National Security Adviser (ONSA), Shuaibu Salisu, has stated that $47million…
CBN will soon release details on recovered funds – Buhari
President Muhammadu Buhari was at the Osigwe Anyiam-Osigwe Memorial Lecture today at the International Conference Centre, Abuja. He spoke on…
Nigeria’s foreign reserves drop to $30.04bn – CBN
The Central Bank of Nigeria (CBN) said that the nation’s foreign reserves fell to 30.04 billion dollars as at November…
Wema Bank gets approval to operate as national bank
Wema Bank on Thursday said it had been granted a national banking licence by the Central Bank of Nigeria (CBN).…
Treasury Single Account: CBN fines Skye Bank N4bn
The Central Bank of Nigeria (CBN) has imposed a fine of N4 billion on Skye Bank Plc for failing to…
Stanbic IBTC gets respite as CBN says no need to restate accounts
Nigeria’s central bank did not find “material misrepresentation” after examining past accounts of commercial bank Stanbic IBTC and sees no…
BVN: CBN extends enrollment for Diaspora bank customers
The Central Bank of Nigeria (CBN) has extended the timeline for Nigerian bank customers in the Diaspora to enroll for…
Farmers told to access CBN intervention fund
The All Farmers Association of Nigeria (AFAN) in Lagos on Friday advised members to develop agri-business proposals to access the…
BVN: CBN warns against disclosure of account details
The Central Bank of Nigeria (CBN) on Friday urged bank customers to be wary of individuals alerting them on the…
Nigeria’s FRC asks CBN, others to sanction Stanbic IBTC chairman
Nigeria’s Financial Reporting Council, FRC on Monday asked the Central Bank of Nigeria to take regulatory action against Atedo Peterside,…
Inflation up to 9.4%, above CBN ceiling
Nigeria’s consumer inflation was at 9.4 per cent year-on-year in September, up 0.1 percentage point from August and staying above…