Tag: CBN
Emefiele spent N18.96bn to print just N684m – EFCC reveals
The Economic and Financial Crimes Commission, EFCC has filed a fresh charge at the High Court of the Federal Capital Territory against the embattled f [...]
Depositors express concern as Wema Bank reports N1.13bn fraud
Depositors and stakeholders of the Moruf Oseni-led Wema Bank Plc are worried about the safety of their funds and the health of the lender over the hig [...]
CBN raises commercial banks’ capital base
The Central Bank of Nigeria, CBN, has announced the increment of the capital base for commercial banks with international authorisation to N500 billio [...]
‘Show evidence of forex payment backlog,’ Foreign airlines tell FG
President of the Association of Foreign Airlines and Representatives in Nigeria, AFARN, Kingsley Nwokeoma, has asked the federal government to show ev [...]
Panic in banking circles as CBN governor sends special examiners to look into ‘cooked books’ of banks over N20trn owner related loans
Some major Nigerian banks are in a state of panic as Olayemi Cardoso, the governor of Central Bank of Nigeria, CBN governor Olayemi Cardoso has began [...]
CBN commences re organisation process, sack five directors
The Central Bank of Nigeria, CBN has sacked at least five directors in what seems like the commencement of reorganization process at the apex bank.
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FG set to ban Lemonade Finance, three other IMTOs from operating in Nigeria
The federal government has set a plan in motion, to ban some online international money transfer operators, IMTOs including Lemonade Finance from [...]
Excess money printed during Buhari’s administration responsible for depreciation of naira – Alex Otti
Abia State Governor Alex Otti has lamented the dramatic depreciation of the naira, whose cause he attributed to the excess money printed by the Federa [...]
Urum Kalu Eke rejects Tinubu’s nomination for board of CBN
A nominee for membership of the Central Bank of Nigeria Board of Directors, Urum Kalu Eke has declined the offer stating that he was currently engaged [...]
CBN licences BDC operators with ridiculous names like ‘Happy Ends’, ‘In-to-in’, ‘Looking and Seeing’ etc
The rising exchange rate of the dollar against the naira which has caused inflation to hit the roof, coupled with the need to carry out measures [...]