By David Awoyemi The currency in circulation in the country has skyrocketed by N701.4billion in one month to hit N1.6trillion in March, 2023 after the Central Bank of Nigeria (CBN) reversed its policy on the naira redesign. The Central Bank…
The Central Bank of Nigeria report has revealed the country’s external reserves fell by $112.78m in two weeks to $35.42bn Figures obtained from the CBN’s data on the movement of external reserves on Monday showed that the reserves, which stood…
By David Awoyemi The Central Bank of Nigeria (CBN) is set to mop up funds in accounts that have been dormant for up to 10 years into a trust fund account. This was disclosed recently in the released exposure draft…
The Board of Directors of Heritage Bank has announced Mr Akinola George-Taylor as the substantive Managing Director/Chief Executive Officer of the bank. Mr Ozena Utulu, Group Head, Corporate Communications of the bank, said this in a statement on Sunday. The…
By Matthew Denis The Central Bank of Nigeria (CBN) has debunked a fake recruitment portal created in its name that its appealing and inviting eligible Nigerians to submit job applications on Thursday. This is contained in a statement signed by…
The Central Bank of Nigeria (CBN)’s non-oil exports repatriation rebate scheme appears to be yielding fruits as investigations reveal that inflows into the Investors and Exporters (I&E) window improved in the month of March. According to data obtained from the…
The Central Bank of Nigeria on Monday report that the country’s external reserves dropped by $1.46bn between January and March It was gathered that the reserves ended February 27, 2023 at $36.67bn. According to the fiigures obtained from the CBN’s…
…FIRS enlisted …Govs set to iron-out cashless policy management Governors of the 36 States of the Nigerian Federation have planned to meet with authorities of the Central Bank of Nigeria (CBN), as well as anti-graft agencies including the Economic and…
Wema Bank Plc in a statement been released has announced Moruf Oseni as the substantive Managing Director and Chief Executive Officer effective from April 1, 2023. While briefing, it was noted that, after serving in acting capacity since January 1,…
The Central Bank of Nigeria (CBN), in collaboration with the Bankers Committee, has begun its sensitisation and public enlightenment in Kano markets, to enhance the adoption of eNaira. The team, comprising CBN staff and representatives of some commercial banks, took…
