The Central Bank of Nigeria (CBN) has approved the appointment of Mrs. Beatrice Hamza Bassey as the substantive Chairman of the Board of Directors of Union Bank of Nigeria Plc. She joined the Board of Union Bank in 2015 as…
…Reinstates Adeduntan as MD, replaces Otudeko …Shareholders fume …Share price drops by 6.76% By Uthman Salami and Kayode Tokede The Central Bank of Nigeria (CBN) on Thursday reassured depositors, creditors and other stakeholders of First Bank Nigeria and FBN Holdings…
The Central Bank of Nigeria’s (CBN) Treasury Bills Auction worth N88.46 billion was oversubscribed by 174.6 per cent on Wednesday. The stop rates for the 91 and 182-day tenor bills fixed at two per cent and 3.50per cent respectively. The…
The Central Bank of Nigeria (CBN) has stated that islamic finance assets is projected to reach $3.7 trillion by 2024. This is even as they noted that the COVID-19 pandemic halted the growth of the Islamic finance sector but stimulated…
The House of Representatives have asked the Central Bank of Nigeria (CBN) to immediately suspend the recapitalisation of Microfinance Banks (MfBs). This followed the adoption of a motion by Rep. Saidu Abdullahi ( APC-Niger) on the floor of the House…
By Kayode Tokede The Central Bank of Nigeria (CBN) has approved 10 new International Money Transfer Operators (IMTOs) in the country. The move by the apex bank is to boost Diaspora remittance and improve foreign exchange liquidity in the country.…
By Kayode Tokede The Central Bank of Nigeria (CBN) has disclosed that the foreign reserve dropped by $35.9million in one day from $35.22billion on Monday to $35.18billion on Tuesday. Our correspondent gathered that foreign reserves in April have been on…
…directive to discourage hoarding, improves liquidity — ABCON President By Kayode Tokede The Central Bank of Nigeria (CBN) has warned that Deposit Money Banks (DBMs)/ authorized foreign exchange dealers who refused to accept old/lower denomination of US Dollar from customers…
Dwindling oil prices has been attributed to the decline in Nigeria’s foreign exchange inflow to $5.47billion in January 2021, the latest from the Central Bank of Nigeria (CBN) has revealed. The figures obtained from the apex bank which placed aggregate…
…records N485.51bn fiscal deficit …as Banks, others borrow N492.50bn By Kayode Tokede The Central Bank of Nigeria (CBN) has disclosed that the Federal government between December 2020 and January 2021 generated a sum of N1.64trillion from Oil and Non-Oil sectors.…
