Tag archive for ‘cbn’
By editor On Tuesday, March 14th, 2017
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CBN DEPOLYS SPIESTO CATCH BANKS ‘DEFRAUDING’ NIGERIANS VIA FOREX SALES

 The Central Bank of Nigeria (CBN) has deployed mystery shoppers to catch commercial banks who engage in sharp practices as regards sale of foreign exchange to Nigerians. This is to guard against More...

By editor On Tuesday, July 19th, 2016
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ECONOMISTS WARN OF DEPRESSION, URGE CBN TO REVIEW FOREX POLICY

The Nigerian Economists Society, NES, yesterday stated that the flexible foreign exchange, forex, regime of the Central Bank of Nigeria, CBN, cannot survive in a non-productive economy, warning that the country More...

By editor On Saturday, July 2nd, 2016
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CBN VOTES N2.5BILLION FOR NYSC ENTREPRENEURS

Members of the National Youth Service Corps with good entrepreneurial skills can now access N2.5 billion loans provided by the Central Bank of Nigeria (CBN). The loan is part of the N220 billion set aside for More...

By editor On Monday, June 6th, 2016
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NIGERIA:TWO YEARS OF EMEFIELE AT CBN

The Central Bank of Nigeria (CBN) Act of 2007 charges the Bank with the overall control and administration of the monetary and financial sector policies in the country. Although the four key objectives of the CBN More...

By editor On Monday, June 16th, 2014
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CBN, NDIC, EFCC LINK FRAUDSTERS’ SUCCESSES TO BANKS

The Central Bank of Nigeria (CBN), Nigeria Deposit Insurance Corporation (NDIC), Economic and Financial Crimes Commission (EFCC), and the Nigerian Drug Law Enforcement Agency (NDLEA) have linked the successes of More...

By editor On Tuesday, June 10th, 2014
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CBN STIPULATES N2BN SHARE CAPITAL FOR MONEY TRANSFER OPERATIONS

The Central Bank of Nigeria (CBN) has released the exposure draft on the guidelines for the operation of international money transfer services in the country, stipulating a minimum paid up share capital of N2billion More...

By editor On Tuesday, June 3rd, 2014
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EXPECTATIONS HIGH AS NIGERIA’S NEW CENTRAL BANK GOVERNOR RESUMES

Former Zenith Bank CEO, Godwin Emefiele will Tuesday resume work as the 11th Governor of Central Bank of Nigeria (CBN) following the expiration of Mallam Sanusi Lamido Sanusi’s tenure. Before his assumption, More...

By editor On Tuesday, May 27th, 2014
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CBN DENIES GIVING NEXIM N200 BILLION

Sarah Alade The bank has sought reprieve against CNPP in court. The Central Bank of Nigeria, CBN, has denied allegations that it gave a N200 billion stabilisation fund to the Nigerian Export Import Bank, NEXIM. The More...

By editor On Tuesday, April 15th, 2014
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EIGHT BANKS STRUGGLED TO EARN N312.77BN PBT AS STRICT REGULATION HURT BANKS’ PROFITS IN 2013

Strict regulation hurt banks’ profits in 2013 …As 8 struggled to earn N312.77bn PBT Strong indications have emerged that strict regulatory environment crashed average profit of most Nigerian banks in 2013. Investigations More...

By editor On Wednesday, March 19th, 2014
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BANK SANTIONS AHEAD FOR ATM FRAUDS – CBN THREATENS

The Central Bank of Nigeria, CBN has threatened to sanction banks over the rising incidence of frauds through Automated Teller Machines (ATMs). The apex bank said that though there is increased acceptance More...