Tag: CBN
Is State Joint Local Government Account System Useful?
Victor Adeoti Analysts observe that the reason for creating the State Joint Local Government Account System by section 162 of…
Reps. summon CBN Governor over ban on foreign currency deposits
The House of Representatives on Tuesday summoned the Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, to explain the…
ATM Withdrawals: CBN’s limit may stifle cash flow – Experts
Some financial experts and businessmen on Tuesday said the Central Bank of Nigeria (CBN) limit on cash withdrawal via the…
Court restrains NUPENG from picketing CBN
The National Industrial Court of Nigeria (NICN) on Friday restrained the National Union of Petroleum and Natural Gas Workers (NUPENG)…
El-Rufai Orders Banks To Close Govt. Accounts, Remit Balance To CBN
Femi Adi/Kaduna Kaduna State Governor, Mallam Nasir El-Rufai, has directed all banks with accounts of the state government to close…
CBN orders banks to stop accepting foreign currency deposits
The Central Bank of Nigeria (CBN), on Wednesday formally asked banks to stop accepting foreign currency cash deposit from customers.…
Senate summons CBN Gov. over falling value of naira
After a brief debate, the Senate on Wednesday agreed to summon Godwin Emefiele, governor of the Central Bank of Nigeria…
Shame on my detractors, I owe no bank, says Abike Dabiri-Erewa
By Olufemi Anjorin Former House of Representatives member, Honourable Abike Dabiri-Erewa has denied owing any bank as claimed in the…
Owing the Banks? Pay up or have your name published, says AMCON
The Asset Management Corporation of Nigeria (AMCON) on Monday asked loan defaulters to immediately square their accounts or it would…
Saraki meets CBN gov, advises him on how to save N30bn
Senate President, Bukola Saraki met with the Governor of the Central Bank of Nigeria, Godwin Emefiele and advised on how…
Presidential Bailout For States: Matters Arising
By Tayo Ogunbiyi The recently announced bail out approved by President Muhammadu Buhari for states owing workers several months of…
CBN ready to discipline foreign currency traffickers
The Central Bank of Nigeria (CBN) says it will collaborate with relevant agencies to discipline anybody who is involved in…
N8bn currency scam: Court adjourns till July 6
Justice Nathaniel Ayo-Emmanuel of the Federal High Court, Ibadan, on Thursday adjourned till July 6 further hearing in one of…
Nigerian Naira On The Ropes In Black Market
The Nigerian naira could weaken in the parallel market next week after the central bank restricted access to foreign exchange…
Business, Headlines, Metro, News
CBN extends BVN registration deadline to Oct. 31
The Central Bank of Nigeria (CBN) has extended the Bank Registration Verification (BVN) deadline to Oct. 31, to accommodate customers…
More bank customers urge CBN to postpone BVN registration
Bank customers in Kogi has urged the Central Bank of Nigeria (CBN) to extend the closing date for the registration…
Ogun residents in last minute rush for BVN registration
Abiodun Onafuye/Abeokuta Long queues were witnessed in many banks in Abeokuta, Ogun state capital as residents made last minute rush…
Extend BVN deadline, bank customers tell CBN
Bank customers in Pankshin, Plateau, on Monday called for the extension of the deadline for the ongoing Bank Verification Number…
Cyber Crime In Nigeria
Recently, Mr Adebayo Adelabu, Deputy Governor, Financial Systems Stability, Central Bank of Nigeria, CBN, said 2.4 per cent of banking…
Nigeria raises 144 bln naira in Treasury bills; yields mixed
LAGOS, (Reuters) – Nigeria raised 143.64 billion naira ($723 million) in Treasury bills with mixed yields, the central bank said…
Nigeria to raise N120.5bn in Treasury bills next week
Nigeria plans to sell 120.52 billion naira ($606 million) of 3-month, 6-month and 1-year Treasury bills on June 24, the…
N8bn Currency Scam: Court denies CBN staff, others bail
Justice Nathaniel Ayo Emmanuel of the Federal High Court, sitting in Ibadan, today 15 June, 2015 dismissed the bail application…
Mobile money transactions now stand at N5bn annually – CBN
Dipo Fatokun, Director, Banking Supervision of the Central Bank of Nigeria (CBN), on Sunday said that the nation’s transactions in…
CBN N8bn scam: Court reserves ruling till June 19
Justice Adeyinka Faji of the Federal High Court sitting in Ibadan on Thursday fixed June 19 to rule on bail…
Mortgage Bank In Trouble Over N750m Deposit
Henry Ojelu A consulting firm, OG Consulting has petitioned the Economic and Financial Crimes Commission, EFCC, over a N750 million…
N8bn Scam: CBN executives, others to remain in prison till June 15
Six executives of the Central Bank of Nigeria, CBN, Patience Okoro Eye; Afolabi Olufemi Johnson; Ilori Adekunle Sunday; Kolawole Babalola,…
EFCC charges CBN, Zenith Bank staff for currency fraud
Three central bank officials and two staffers at Nigeria’s Zenith Bank appeared in court on Thursday to face criminal charges…
N4.6bn Scam: Three CBN staff, others land in prison
Three employees of the Central Bank of Nigeria, CBN and three staff of Wema Bank, were on Wednesday, remanded in…
CBN executives sent to prison for recycling worn currency
Six members of staff of the Central Bank of Nigeria, CBN, implicated in an N8billion defaced and mutilated currency recycling…
EFCC to arraign CBN officials, 16 top bankers for fraudulently recycling N8 billion
Ayorinde Oluokun/Abuja Five top officials of Central Bank of Nigeria, CBN and 16 other top bankers presently in the net…