In the absence of an approved budget for 2019, the Central Bank of Nigeria (CBN), will today, lead the way with a policy decision that revolves around interest rate and sustenance of interventions for frailties of fiscal authorities. The Monetary…
CBN may increase items on forex restriction list to 50 (Punch)
The Central Bank of Nigeria may increase the items on the foreign exchange restriction list from 42 to 50 in order to boost local production and stimulate the export market. The Governor, Central Bank of Nigeria, Mr Godwin Emefiele, said…
*We’ll dedicate Y2019 budget to complete ongoing projects – Ambode (Vanguard) * Firm plans to recycle plastics on Lagos waterways (Guardian)
December 25, 2018 We’ll dedicate Y2019 budget to complete ongoing projects – Ambode (Vanguard) Lagos State Governor, Mr Akinwunmi Ambode on Monday evening said the Y2019 budget of the State would be dedicated towards the completion of ongoing infrastructural projects,…
Electronic fraud in banking hits N6.1trn by 2021 – CBN (Guardian)
Mr Sunday Salam-Alada, Director, Consumer Protection Department, Central Bank of Nigeria (CBN) has said electronic fraud losses in the banking system are projected to reach N6.1 trillion by 2021. Salam-Alada disclosed this at the ongoing workshop for Business Editors and…
CBN resets structures, processes for mobile banking (Vanguard)
Against the backdrop of several complaints emanating from the banking public over services delivery and security in Nigeria’s nascent mobile banking environment, the Central Bank of Nigeria, CBN, is set to further improve the system. The apex bank has also…
CBN mulls mobile court to try currency traders, abusers (Guardian)
The fight against trading in mint currency and abuse of the naira at events has gained prominence, as the Central Bank of Nigeria’s (CBN) Bankers Committee has mulled a mobile court to try offenders. The advanced move, in collaboration with…
Central Bank of Nigeria allays fears over declining external reserves (Leadership)
Amidst concerns over the continuous drop in the volume of the nation’s foreign reserves, the Central Bank of Nigeria (CBN) said yesterday that there is no need to panic. Nigeria currently has a foreign reserves gross rate of about $44.3…
Skye bank Customers relax; your money dey kampe – CBN
News that Skye Bank’s licence has been revoked must have reached you by now and if you are customer of Skye bank chances are that you are in a panic. This Is understandable but it is important to state that…
Nigerian govt sells stake in security printing firm to CBN for N17bn (PremiumTimes)
The Federal Government says the sale of 21 per cent of its equity in the Nigerian Security Printing & Minting (NSPM) Plc to the Central Bank of Nigeria (CBN) will yield about N17 billion. The Director General of the Bureau…
Lagos guber: I’ll clear perennial gridlock, restore values – Sanwo-Olu (Sun) * I did not discuss Ambode with Tinubu, I am not a politician – Adeboye (Vanguard)
Lagos guber: I’ll clear perennial gridlock, restore values – Sanwo-Olu (Sun) Managing Director of Lagos State Development and Property Corporation, Babajide Sanwo-Olu, has formally unveiled his 2019 governorship aspiration to Lagosians. Sanwo-Olu, who reportedly enjoys the support of the “Mandate…