Favour Okoro runs a small tailoring and fashion designing shop along Okumagba Avenue, a busy neighbourhood in Warri. She has five sewing machines. It is a small business that employs…
CBN
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President Muhamamdu Buhari has nominated Mr. Edward Adamu, for appointment as the deputy governor of the Central Bank of Nigeria. Adamu from Gombe State, replaces Mr. Sulaiman Barau, from Zaria,…
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Business
CBN reviews limits on mobile money transaction and balance
by Arinze Ago September 13, 2017The Central Bank of Nigeria (CBN) has reviewed daily mobile money wallet transaction and balance limit, as well as the Bank Verification Number (BVN) requirement for mobile money wallet holders.…
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The Central Bank Governor, Dr Godwin Emefiele has assured Nigerians that the country would be out of recession in the 3rd quarter of the year following the positive economic indicators.…
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Governor Ibikunle Amosun on Thursday, May 11, 2017, had a near death experience of the reckless driving by drivers of the Central Bank of Nigeria (CBN) bullion vans as a…
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Following the suspension of fourteen commercial banks from the FOREX market and the re-reinstatement of some banks based on provision of evidence of compliance, some more banks have been re-admitted…
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News
SHOCKING! CBN Gave NIA The N13 Billion Uncovered In Ikoyi, Lagos, Apartment – Report
by Damilare Salami April 21, 2017A report has shown that the controversial haul of cash recovered by the Economic and Financial Crimes Commission (EFCC) from a residential apartment at Osborne Towers, Ikoyi, Lagos, is part…
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In accordance with Sections 6 (1) (d) and 10 (1) and (2) of the Central Bank of Nigeria (Establishment) Act, 2007, President Muhammadu Buhari, Wednesday, forwarded the list of his…
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Business
Development Bank of Nigeria DBN Gets CBN Approval, Operational License
by Damilare Salami March 30, 2017The Development Bank of Nigeria will begin operations shortly after the Central Bank of Nigeria has approved the application for its operational license. CBN deputy governor, (financial system stability), Okwu…
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The Naira has continued to appreciate and gain weight against the dollar at the parallel market, newsmen report. The Nigerian currency on Tuesday afternoon traded at N420 (buying rate) and…