The Senate has confirmed Godwin Emefiele as governor of the Central Bank of Nigeria for another term. The confirmation follows his nomination by President Muhammadu Buhari last week. Mr Buhari…
CBN
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The Senate Committee on Banking, Insurance and other Financial Institutions on Wednesday commenced the screening of Godwin Emefiele as Governor of the Central Bank of Nigeria (CBN) for a second…
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The governor of Central Bank of Nigeria (CBN), Godwin Emefiele, has confirmed that he is returning for a second term. According to a source, Emefiele confirmed this at an ongoing…
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The Central Bank of Nigeria (CBN) and the Economic and Financial Crimes Commission (EFCC) may bar individuals or corporate convicted of committing economic crimes from opening bank accounts. In a…
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Business
CBN Bans Sales of Forex For Imports Of Textile & Clothing Materials
by Damilare Salami March 5, 2019The Central Bank of Nigeria (CBN) has directed commercial banks and bureaux de change operators to stop sale of forex for the import of textiles and clothing materials in the…
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Business
How Micro Finance Banks Will Benefit From Increased CBN Capital Base
by Damilare Salami October 30, 2018The Central Bank of Nigeria (CBN) recently increased the minimum capital base of Micro Finance Banks (MFBs) in Nigeria. Currently, there are over 1000 microfinance bans scattered across Nigeria. CBN…
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Business
Nigeria’s Forex Reserve Drops By $2.15 billion In 30 Days
by Damilare Salami October 18, 2018Nigeria’s foreign exchange reserves have declined by $2.15 billion in the last 30 days, as the Central Bank of Nigeria (CBN) position itself in defence of the naira. Since the…
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News
MTN Rejects No $8.1 b Fine – Says CBN Approved All Paid Dividends Under Scrutiny
by Damilare Salami August 30, 2018MTN Nigeria says all dividends it paid to its shareholders between 2007 and 2015 were approved by the Central Bank of Nigeria (CBN). The telcoms giant was reacting to the…
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The Central Bank of Nigeria (CBN) will be refunding Cash Reserve Ratio (CRR) to banks that fund projects in agriculture and manufacturing sectors, its Director of Banking Supervision, Abdullahi Ahmad,…
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News
Senate confirms Aishah Ahmad, Edward Adamu, Deputy Govs. Central Bank
by Reporter March 22, 2018Nigerian Senate on Thursday confirmed Mrs. Aishah Ahmad and Mr. Edward Lametek Adamu, Deputy Governors of Central Bank of Nigeria, newsmen report, According to the senate president, Dr. Bukola Saraki,…