By Kayode Tokede The Central Bank of Nigeria (CBN) has reacted to Senate’s allegation that it has failed to remit 80per cent of its operational surpluses into the Consolidated Revenue Fund (CRF) account in the last five years. In its…
By Kayode Tokede Banks have been ordered by the Central Bank of Nigeria (CBN) to publish on their websites, the names and Bank Verification Numbers (BVN) of customers who participate in fraudulent and unscrupulous tactics to obtain foreign exchange from…
By Kayode Tokede The Central Bank of Nigeria (CBN), has announced the formal engagement of the global Fintech Company, Bitt Inc., as the Technical Partner for its digital currency, eNaira. Director, Corporate Communications, CBN, Mr Osita Nwanisobi made this known…
By Kayode Tokede Banks have warned that defaulters of the new foreign exchange policy may face criminal prosecution by the Central Bank of Nigeria (CBN). The banks in emails to their customers said that defaulters of the new foreign exchange…
By Kayode Tokede The management of Stanbic IBTC Holdings Plc has explained the delay in the release of its half year audited result for the period ended July 31. The Company Secretary, Stanbic IBTC Holdings, Mr. Chidi Okezie said this…
By Kayode Tokede Analysts at Agusto & Co. Limited, has disclosed that banking industry restricted cash reserves with Central Bank of Nigeria (CBN) exceeded N9.5 trillion in full year ended December 31, 2020. The Nigeria’s foremost research house and rating…
By Benjamin Auta The Central Bank of Nigeria (CBN) and stakeholders in the poultry industry and academia from all the northwestern states of Nigeria have met in Kaduna to brainstorm over ways of improving egg products in the zone. Speaking…
By Kayode Tokede The Central Bank of Nigeria (CBN) has threatened to sanction Microfinance Banks (MfBs) going beyond the mandate of their operating licence to engage in foreign exchange transactions. The regulator said some microfinance banks have engaged in wholesale…
By Kayode Tokede The Central Bank of Nigeria (CBN) has called on the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) to support its five-year policy aimed at growing the economy. Ag. Director, Corporate Communications Department CBN, Mr…
By Kayode Tokede and Agency news Zonal Coordinator, South-South and South-East, Development Finance Activities, Central Bank of Nigeria (CBN), Dr Aniefiok Umoren, says Small and Medium Scale Enterprises (SMEs) have the potential to reduce unemployment in the country. Umoren, who…
