AdminMar 11, 20161 min readCBN suspends officials allegedly involved in fraudThe Acting Director, Corporate Communications, of the apex bank, Isaac Okorafor made the disclosure on Thursday night. Okorafor explained...
AdminMar 4, 20161 min readNaira decline: There is $20bn lying idle in some domiciliary accounts – Deputy CBN GovernorDisclosing this during an interactive session organised by the Joint National Assembly Committee on Appropriation with government...
AdminMar 1, 20161 min readUnidentified gunmen kidnap 91-year-old former CBN Director, OgedegbeThe 91-year-old Ogedegbe was abducted on Sunday at St. Michael’s Anglican Church in Emevor, Isoko North Local Government Area of Delta...
AdminFeb 21, 20161 min readHow CBN compelled banks to refund N6.2bn illegal charges in 2015This is contained in a statement made available by the Director, Corporate Communications, CBN, Mr Ibrahim Mu’azu in Abuja on Saturday....
AdminFeb 18, 20161 min readCBN, commercial banks to create solid minerals desk – FayemiFayemi disclosed this at the budget defence of his ministry, while responding to question by a member of the Senate Committee on Solid...
AdminFeb 12, 20161 min readCBN to stop releasing forex for medicals bills, schoolingThis was as it noted that medical bills and school fees constituted as much as 15 percent of Nigeria’s forex demand. Disclosing this...
AdminFeb 6, 20162 min readCBN restriction of Forex on imported goods has come to stay – SarakiSaraki, while responding to a request by the Tomato Sub-Sectoral Group of the Manufacturers Association of Nigeria (MAN), seeking his...
AdminFeb 6, 20161 min readNaira hits all time low, now N310 to dollarThe Nigerian currency traded at N307 at the close of market on Thursday, showing a depreciation of one per cent. However, it maintained...
AdminFeb 3, 20162 min readCBN agrees 5% lending rate to farmers – OgbehAudu Ogbeh The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, said the Central Bank of Nigeria (CBN) had agreed to five...
AdminJan 26, 20161 min readCBN forecloses naira devaluation, to lower interest ratesThe CBN Governor, Mr Godwin Emefiele explained after the MPC meeting that interest rates would be lowered to ease liquidity in the...
AdminJan 23, 20161 min readCurrent accounts holders to pay N1 on every N1,000 transaction – CBNThis was contained in a circular signed by the Director of Financial Policy and Regulation of CBN, Kevin Amugo and addressed to...
AdminJan 22, 20161 min readN50 stamp duty: Salary accounts, self-to-self transactions exempted – CBNDAILY POST recalls that the Federal Government had on Tuesday, imposed stamp duty of N50 on bank customers for money received into their...
AdminJan 16, 20162 min readForex saga: Go after illegal Bureau De Change operators – Group tells CBNThis was disclosed at the end of a national delegate meeting of the Association of Bureau De Change Operators of Nigeria (ABCON) held in...
AdminJan 11, 20162 min readCBN will no longer sell forex to BDCs – EmefieleThe CBN Governor, Mr Godwin Emefiele, announced this at a news conference on Monday in Abuja. He said that the apex bank’s decision was...
AdminJan 7, 20162 min readSenate urges CBN to relax forex policyHe gave this charge during a meeting with the Managing Director of the International Monetary Fund, IMF, Christine Lagarde, disclosing...
AdminJan 6, 20161 min readLagarde holds talks with CBN Governor, bank MDsThe meeting, which held at the CBN headquarters in Abuja, was reportedly used to discuss issues relating to the development of the...
AdminDec 20, 20152 min readCBN Governor promises robust economy, stable currency in 2016Emefeile made the remark at an Interactive Session with Media Editors in Abuja. He declined to give details of the measures and...
AdminDec 19, 20151 min readForex crisis hit Diamond Bank, stops use of Naira card in Dubai, China, othersThe current crisis in foreign exchange has taken toll on Diamond Bank. Indication of this became apparent as the bank just announced a...
AdminDec 16, 20153 min readCBN sources reveal how it operated accounts for Dasuki, other government agenciesExplaining how the CBN works, they stated that when a payment mandate (being instrument to withdraw money) is issued by a client, which...
