Tag: CBN
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…
Edo Assembly gives Oshiomhole nod to take N10bn loan
Jethro Ibileke/Benin A N10 billion special loan from the Central Bank of Nigeria, has been approved for Edo State Government…
Days of corruption gone, Customs boss vows
Col. Hamid Ali, the Comptroller-General of Nigeria Customs Service (NCS), on Monday said corrupt practices would no longer be tolerated,…
CBN to assist flood victims in Kebbi
The Central Bank of Nigeria, CBN on Saturday said that it would provide assistance to farmers in Kebbi affected by…
Nigeria’s foreign reserves crash by $1billion
The Central Bank of Nigeria has revealed in its data for the month of September that there has been a…
Nigerian companies in trouble as CBN measures backfire
Reuters – Nigerian companies making anything from soap to tomato paste could run out of raw materials and be forced…
CBN encourages bank lending to stave off recession
Reuters – Nigeria’s central bank loosened monetary policy on Tuesday by injecting liquidity into banks, in a bid to stave…
CBN injects dollars into Nigeria’s economy
Central Bank of Nigeria (CBN) has injected dollars into the market on Friday after a lull in foreign exchange trade…
“Don’t panic there’s no shortage of liquidity,” CBN Governor urges banks
Nigerian central bank Governor Godwin Emefiele ruled out on Thursday a naira devaluation and told people not to panic about…
Mixed reactions trail JP Morgan’s threat on Nigerian bonds
Some financial experts on Wednesday in Lagos expressed mixed reactions on JP Morgan’s decision to phase out Nigeria from its…
Operate Treasury Single Account, CBN tells State Govts
The Central Bank of Nigeria (CBN) on Wednesday in Abuja advised state governments to adopt the Federal Government’s system of…
SMEs To CBN: break N220bn bail-out into smaller units
Three associations for small and medium enterprises on Monday in Lagos appealed to the CBN to break the N220 billion…
Nigeria to raise $4bn in treasury bills in Q4-CBN
The Central Bank of Nigeria (CBN) says it plans to auction N814.78 billion in Treasury bills between Sept. 17 to…
FG appoints PwC, KPMG to audit NNPC, CBN, NPA, others
The National Economic Council (NEC) has employed the services of two audit firms, PwC and KPMG to carry out forensic…
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…