AdminJun 9, 20152 min readCBN scam: Court reserves ruling on bail till June 15The Federal High Court in Ibadan on Tuesday reserved ruling till June 15 on bail application for 10 bank officials involved in the N8...
AdminApr 15, 20152 min readCBN reduces withdrawal limit with naira debit cards abroadThe Central Bank of Nigeria, CBN, yesterday announced the reduction of the usage of naira debit cards for transactions overseas to...
AdminApr 8, 20151 min readCBN warns Nigerians against use of foreign currencies for domestic transactionsThis is contained in a statement signed by Alhaji Ibrahim Mu’azu, Director, Corporate Communications, CBN, in Abuja. “The attention of...
AdminMar 25, 20151 min readCBN warns schools, landlords to stop charging in dollarsWhile stressing that the legal currency for doing business in Nigeria remained the naira, he asserted that it is illegal for anyone to...
AdminMar 13, 20152 min readCBN takes financial literacy awareness to secondary schoolsThe Deputy Governor of the apex bank’s Corporate Services Department, Mr. Adabayo Adelabu, explained that the campaign was aimed at...
AdminMar 9, 20151 min readCBN gives banks clean bill of healthThe CBN, in a statement at the weekend, said, “the unaudited results of banks and the results released so far, indicated that economic...
AdminFeb 26, 20152 min readCBN approves appointment of four directors for Unity BankThe bank said in a statement on Wednesday that three non-executive directors and one independent director were approved by the CBN. It...
AdminJan 29, 20151 min readControversial article: NGF blasts Soludo, says ex CBN governor looking for attentionIn a statement released in Abuja and signed by the Secretary of the forum, Earl Osaro Onaiwu, the governors stated that they were at a...
AdminJan 28, 20153 min readNo bank will die while I am in office – EmefieleGovernor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has pledged not to leave a legacy of superintending over the death of any...
AdminDec 22, 20143 min readCBN, banks sign MOU on power sector intervention fundT Mr Godwin Emefiele, the CBN Governor, disclosed this at the signing ceremony on Monday in Abuja. The two agreements are terms and...
AdminDec 19, 20141 min readCBN to begin circulation of commemorative N100 note todayDisclosing this in a statement signed by the Head, Corporate Communications, Ibrahim Mu’azu, on Friday in Abuja, the apex bank directed...
AdminNov 27, 20141 min readIMF hails Nigeria’s austerity measuresThe IMF chief mission for Nigeria, Gene Leon, who stated this in reaction to Nigeria’s fiscal and monetary response to the fall in global...
AdminNov 25, 20141 min readFalling oil price: CBN cuts exchange rate of naira to dollar by N13The apex bank devalued the naira at its monetary policy committee, MPC, meeting on Tuesday in Abuja, where it also reviewed Nigeria’s...
AdminOct 24, 20141 min readLawmakers halt amendment compel​ling​ CBN ​to contribute ​N50bn to ​distressed banks Lawmakers halt The proposed bill​ ​provides that the N50 billion should be paid into a contributory fund, otherwise known as a ‘sinking fund’ from time...
AdminOct 22, 20142 min readCBN denies funding Boko HaramThe bank denied that it was being used by anybody to channel funds to the Boko Haram sects. It made this denial in a letter dated 16th...
AdminOct 14, 20142 min readSERAP sues CBN over failure to expose Boko Haram sponsorsThe suit was filed on Tuesday by the Executive Director of the organisation, Adetokunbo Mumuni, at the Federal High Court Ikoyi in Lagos...
AdminSep 23, 20141 min readCBN refunds N17bn illegally charged by banks back to customersSpeaking at a press briefing to mark the commencement of the Financial Literacy and Consumer Awareness Campaign in Calabar on Monday, the...
AdminSep 15, 20142 min readCBN gets seven-day ultimatum to explain reintroduced N65 ATM chargeThe coalition, which comprises: Enough is Enough Nigeria, the Public and Private Development Centre (PPDC), as well as other interested...
AdminSep 1, 20141 min readCBN goes ahead with N65 charges on ATM withdrawals despite outcriesDailyPost reports that the apex bank had announced a fresh plan to bring back the charges penultimate week. Explaining why it is...
AdminAug 25, 20141 min readCBN says 46% of Nigerians have no access to ATM, POSThe CBN Director of Payment Systems, Dipo Fatokun, made this known over the weekend at the launch of a mobile money initiative led by...
