Tag: CBN
Central Bank of Nigeria drops hammer on nine banks
Sidi-Ali said that each of the banks was fined N150 million for non-compliance, in line with the CBN’s cash distribution…
CBN’s mass sack scandal: Staff sue for reinstatement, N30bn damages
The staff, who are represented by Okwudili Abanum in a class action lawsuit, are seeking a declaration that their dismissal…
FCMB Group completes public offer, raises ₦147.5bn with 33% oversubscription
Regulatory approvals have also been received to downstream the net proceeds of the public offer from the holding company to…
CBN shuts down rumours: Old Naira notes stay in circulation indefinitely
In addition, the central bank recommended the adoption of alternative payment methods, such as electronic channels, to ease the pressure…
Lamentations as cash scarcity hits Kaduna, Kano, Katsina
In Kaduna city, some Point of Sale (POS) vendors have lamented the unbecoming and unnecessary cash shortage as banks were…
CBN directs banks to take measures to end cash scarcity
The CBN directive is coming in the midst of complaints of acute scarcity of cash by bank customers across the…
CBN restructures: 1,000 staff set for retirement in N50 billion shakeup
At least 860 staff members have already applied for the package, which includes financial incentives, financial planning, and entrepreneurial capacity-building…
CBN launches new website
“Please follow our different social media channels linked on the website’s home page for more updates,” she said.
Why CBN’s MPC continuous hike of interest rate is troubling – CPPE
By Grace Alegba The Centre for the Promotion of Private Enterprise (CPPE) has warned the continued rate hikes by the…
CBN continues monetary policy tightening, raises interest rate by 25 basis points
The Governor of the CBN and Chairman of the MPC, Yemi Cardoso, announced the raise on Tuesday in Abuja, while…
Expert cautions against further tightening of money policy rate
Ekechukwu, a former president of the Abuja Chamber of Commerce and Industry, spoke against the backdrop of the 298th MPC…
“Don’t do it” – Expert cautions CBN against further hike in interest rate
According to him, for the first time in many months, both core and food inflation went up last month.
CBN exposes rise in fake SWIFT messages linked to Transfer claims
Additionally, the CBN reiterated that it does not provide correspondent banking services for Nigerian banks or maintain accounts for private…
CBN exposes fraudulent contract claims, warns Nigerians to stay alert
Ali reiterated that the CBN, under its current management, had discontinued direct development interventions and special project funding.
Banking with tears and blood
You walk into the bank or the bank walks into your office, to open an account. The account opening package…