News

CBN Governor rejects presidential form bought for him

Ihesiulo Grace 7 May 2022 0

Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele has rejected the presidential nomination and expression of interest forms of the All Progressives Congress (APC) bought for him by a group of farmers. Emefiele said on Saturday that should he decide to seek presidential

News

CBN pledges more support for youth empowerment

Ihesiulo Grace 27 September 2021 0

The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has pledged more support for youth empowerment, through sports and its other intervention programmes. Osita Nwanisobi, CBN spokesperson quoted Emefiele as making the pledge at the finals of the All Financial Institutions Football Competition (AFIFC) played on Sunday at the U. J. Esuene stadium, Calabar.

Business

What Nigeria requires to address infrastructure deficit — Emefiele

Ihesiulo Grace 25 September 2021 0

Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN) on Saturday said that the Federal Government needed about US$100 billion annually to address the nation’s infrastructure deficit. Emefiele made the disclosure at the 30th Anniversary Conference and Awards of the Finance Correspondents Association of Nigeria (FICAN) on Saturday at Dover Hotel, Ikeja, Lagos. The

Business

CBN debunks Senate claims over alleged unremitted operational surpluses

Ihesiulo Grace 2 September 2021 0

*Apex bank insists 80% of surpluses remitted yearly Tunde Opalana, Abuja The Central Bank of Nigeria ( CBN) and the Senate on Wednesday tangled over claim on remittances of operational surpluses into the Consolidated Revenue Fund ( CRF) within the last five years . While Senate emphatically alleged that the specnank has in the past […]

News

Politicians main culprits of Naira spray – Divergent reactions trail CBN ban

Ihesiulo Grace 20 August 2021 0

The Central Bank of Nigeria, CBN recently announced that abusers of Naira notes would be persecuted. The apex bank, in collaboration with the Nigeria Police, Federal Inland Revenue Service (FIRS), the Economic and Financial Crimes Commission (EFCC), and the Nigerian Financial Intelligence Unit (NFIU) will henceforth persecute Nigerians who spray Naira notes. CBN Acting

News

BREAKING: CBN To Mint Gambia’s currency

Ihesiulo Grace 15 June 2021 0

The Central Bank of Nigeria (CBN) has agreed to mint the Gambian Dalasi in principle. Mr. Godwin Emefiele, the Governor of the Central Bank of Nigeria, consented to the currency minting proposal made by Mr. Buah Saidy, the Governor of the Central Bank of Gambia, who led a delegation to meet him on Tuesday. Mr. […]

Politics Top Stories

Updated: Governors allege impunity at CBN, NNPC, NIMASA, others

Ihesiulo Grace 15 June 2021 0

*Say Buhari’s ego not enough to suspend Twitter *Insist APC will go with President in 2023 Tunde Opalana, Abuja and ISAAC JOB, UYO The Peoples Democratic Party (PDP) Governors’ Forum rose from a meeting in Uyo, Akwa Ibom State, on Monday, urging the Federal Government to rein in its agencies which have been allegedly operating […]

News

CBN tells Nigerians for the umpteenth time, Spray naira notes and go to Jail

Ihesiulo Grace 11 June 2021 0

The Central Bank of Nigeria (CBN) has condemned the rate at which Nigerians mutilate, deface, squeeze and even spray and sell the naira notes. The apex bank threatened that “abuse of the currency attracts a penalty of not less than six months or a fine of not less than N50,000 or both.” An Assistant Director […]

News

Drop Your Weapons And Embrace Anchor Borrowers’ Programme, CBN Gov begs Bandits

Ihesiulo Grace 26 May 2021 0

Governor of the Central Bank, Godwin Emefiele, has urged bandits to lay down their weapons and support the Federal Government’s Anchor Borrowers’ Programme (ABP). When asked about the initiative at the end of a two-day Monetary Policy Committee meeting in Abuja on Tuesday, Emefiele indicated that embracing it will help the robbers. “I would like […]

Business

BREAKING: CBN holds interest rate at 11.5%, confirms N410.25/$ as new official exchange rate

Ihesiulo Grace 25 May 2021 0

The Central Bank of Nigeria’s (CBN) monetary policy committee has voted to keep the monetary policy rate at 11.5 percent. The CBN governor, Godwin Emefiele, declared the committee’s decision at the end of a two-day meeting at the CBN headquarters on Tuesday. The liquidity ratio was also held at 30% and the cash reserve ratio […]

Business

CBN issues circular on payment systems

Ihesiulo Grace 25 May 2021 0

MOTOLANI OSENI Central Bank of Nigeria (CBN) on Monday issued a circular introducing a new licence requirement for Nigerian payments systems. The circular classifies payment service providers into six major categories and introduces permissible activities for each of the licence categories. The six categories are Switching and processing licence, bile money operator

News Top Stories

N7.5 billion ‘secret withdrawal’: We don’t have any document, Ministry of Finance tells Senate

Ihesiulo Grace 5 May 2021 0

Tunde Opalana, Abuja Upon resumption of the probe of an alleged secret withdraw of a sum of N7.5 billion from the account of the National Automotive Council Design and Development Council (NADDC) Levy Account domiciled with Central Bank of Nigeria (CBN), a senior official of the Federal Ministry of Finance said it was not in […]

News

INSECURITY: Maintain Low Profile, Central Bank Security Department Writes Staff Over Threats

Ihesiulo Grace 28 April 2021 0

Following a letter from the Security Services Department to the workers, the Central Bank of Nigeria has released a security advisory with recommendations on how to protect themselves and their families. The Director of Security Services Department, with reference number SSD/BSO/INT/UCD/01/072, wrote a letter with the subject ‘Security Advisory’ for CBN workers on

Top Stories

External reserves drop to $34.82bn amid sluggish economic recovery

Ihesiulo Grace 5 April 2021 0

By Motolani Oseni The country’s external reserves monitored by the Central Bank of Nigeria (CBN) dropped by $177 million or 0.51 per cent in March to $34.82 billion from $34.99 billion in February, as it faces slower economic recovery. This is even as the World Bank has said Nigeria face slower economic recovery, while compared […]

News

Again, Senate Summons CBN Governor over alleged Missing $9.5m

Ihesiulo Grace 30 March 2021 0

Senate Committee on Public Account has given the Governor of Central Bank of Nigeria (CBN), Godwin Emefiele till Thursday to appear before the Committee over alleged missing of $9.5m interest accrued from Petroleum Profit Tax (PPT) investment. The principal sums deposited, the tenor, and rate of interest were shrouded in secrecy, according to the Senate […]

News Top Stories

Forex scarcity: CBN assures Nigerians amid reserve depletion

Ihesiulo Grace 29 March 2021 0

Philip Clement, Abuja Central Bank of Nigeria has allayed any fear by Nigerians despite the scarcity of foreign exchange while affirming that there is enough forex for business owners, travelers, and parents with students abroad to meet their financial obligations. CBN Governor Godwin Emefiele stated made this declaration at the 278th Monetary Policy Committee held […]

Top Stories

CBN retains economic parameters, currency in circulation drops by 1.8%

Ihesiulo Grace 24 March 2021 0

Motolani Oseni The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate at 11.5 per cent. CBN Governor, Mr Godwin Emefiele, who made this known on Wednesday while presenting the communique from the MPC meeting, said that the committee also agreed to hold all other parameters constant. […]

Business News

BREAKING: CBN maintains MPR at 11.5%

Ihesiulo Grace 23 March 2021 0

The Central Bank of Nigeria’s (CBN) monetary policy committee has voted to keep the monetary policy rate at 11.5 percent. The CBN governor, Godwin Emefiele, announced the committee’s decision at the end of a two-day meeting at the CBN headquarters on Tuesday. The liquidity ratio was also kept at 30% and the cash reserve ratio […]

Business News

BREAKING: CBN introduces fresh charges for USSD services

Ihesiulo Grace 16 March 2021 0

Customers who use the Unstructured Supplementary Service Data services will face new charges, according to the Central Bank of Nigeria. Customers would pay a flat rate of N6.98 per transaction if they use USSD services starting Tuesday, according to the apex bank. The new charges, it said, were part of an agreement reached when banks […]

Business

CBN orders banks to begin scan-to-pay system

Ihesiulo Grace 16 March 2021 0

The Central Bank of Nigeria (CBN) has instructed Deposit Money Banks (DMBs) to begin introducing contactless payment services. The NQR payment solution, launched yesterday on Monday rs instant value by simply scanning generated digital code to make payment. The new “touch-free” payment method would aid in the creation of a better customer experience. Musa