Tag: CBN
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…
CBN net income drops to N35 billion
The Central Bank of Nigeria (CBN) net income has dropped to N35.4 billion in 2014 from N209.6 billion in 2013,…
CBN yet to disburse N300bn real sector fund – RSSF
The Central Bank of Nigeria says it is yet to start the disbursement of the N300 Billion Real Sector Support…
CBN grants FBN Holdings Plc merchant banking licence
The Central Bank of Nigeria (CBN) has approved a merchant banking licence for First Bank Nigeria Holdings Plc, through its…
Debt Palaver: Court Orders CBN To Attach Zamfara State Govt Accounts
Akin Kuponiyi A Federal High court sitting in Lagos, southwest Nigeria, has ordered that the account of Zamfara State Government…
The Youth And Nation Building
By Michael Oputeh Any nation that denies its youth the necessary enabling environment to participate in nation building process does…
The Alarming Electronic Fraud In Banks
Latest data released by the Central Bank of Nigeria (CBN) revealed that the banking sector lost over N3.04 billion in…
CBN Reiterates Commitment To Tennis Sponsorship
Damilare Okunola The Central Bank of Nigeria, CBN has reiterated its commitment to sponsorship of tennis events in the country,…
Don’t use foreign currencies for local transactions – CBN
The Central Bank of Nigeria (CBN) on Tuesday warned individuals and corporate organisations against the use of foreign currency to…
NDIC won’t supervise banks – CBN
The Central Bank of Nigeria (CBN) has opposed the taking over of banking supervision by the Nigeria Deposit Insurance Corporation…
Nigerian banks are safe, says CBN
The CBN has assured that Nigerian banks are safe, following the outcome of a stress test it conducted. This was…
CBN dismisses rumour to convert domiciliary accounts to naira
The Central Bank of Nigeria (CBN) said it has no plan to convert all domiciliary accounts of bank customers to…
CBN approves appointment of 4 directors for Unity Bank
The Central Bank of Nigeria (CBN) has approved the appointment of four directors for Unity Bank Plc. The bank said…
CBN set to licence more microfinance banks
The Central Bank of Nigeria (CBN) on Monday said it would inject more certified microfinance bank operators into the industry.…
CBN disburses additional N39.5bn for electricity generation, distribution
The Central Bank of Nigeria has disbursed additional N39.527 billion to six electricity generating and distributing companies from the N213…
Taraba assembly approves N2bn loan for MSME development
The Taraba House of Assembly on Tuesday approved the request by the state government to obtain a N2 billion loan…
CBN claims credit for reduction in kidnappings
The Central Bank of Nigeria (CBN) has said that its cashless policy had contributed to the reduction in the spate…
Senate confirms Nnanna as CBN Deputy Governor
The Senate on Tuesday approved the nomination of Dr Joseph Nnanna as Deputy Governor of Central Bank of Nigeria (CBN).…
Nigeria’s foreign reserves hit $34.49 bn
The Central Bank of Nigeria (CBN) on Wednesday pegged the nation’s foreign exchange reserves at 34.49 billion dollars (N5.74 trillion)…
Diversifying Nigeria’s Economy
For decades, Nigeria has been over relying on oil to drive its economy. Following the massive decline in global oil…
2015: A Gloomy Year For Nigerian Consumers
The outgone 2014 was a tough year for the Nigerian consumer, but 2015 may likely be even tougher. From all…
CBN Unveils New N100 Note
The Central Bank of Nigeria said that the commemorative N100 banknote unveiled recently by President Goodluck Jonathan, is going into…
The New Forex Policy Of Doom
Last month, the Central Bank of Nigeria (CBN) rolled out a new foreign exchange market policy, which excluded finished products,…
Nigerian naira devaluation leads to fears about the economy
Nigerians on Wednesday voiced fears about the central bank’s devaluation of the naira, warning that a country largely dependent on…
Central Bank devalues naira, seeks to stabilize currency
Nigeria devalued its currency on Tuesday, seeking to stabilise the naira after it hit historic lows against the US dollar,…