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News that Skye Bank’s licence has been revoked must have reached you by now and if you are customer of Skye bank chances are that you are in a panic.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…
MTN Nigeria seeks relief from High Court against CBN, AGF orders
MTN Nigeria Communications Limited has sought relief from the Federal High Court restraining Central Bank of Nigeria (CBN) and the Attorney General of the Federation (AGF) from taking further action in respect to the alleged improper dividend repatriations by the…
Police siege: Senate suspends CBN deputy gov, AMCON chair’s confirmation (Punch)
The Senate on Tuesday proceeded on an eight-week annual recess, suspending the confirmation of Mr Folasodun Adebisi Shonubi as Deputy Governor of the Central Bank of Nigeria. Also listed on the Order Paper of Tuesday was the confirmation of the…
Bankers’ Committee holds workshop in Lagos, Kano, Aba on funding SMEs
In line with the Federal Government`s commitment to growing small and medium enterprises (SMEs), the Central Bank of Nigeria (CBN) through the Bankers` Committee has introduced the `Funding Nigeria SMEs` initiative as a platform for SMEs to access loans, funds…
How $8.5b was released for power projects in 13 years (Nation)
The controversy over the $16billion power projects in the country raged on yesterday with a highly-placed source linked with the Niger Delta Power Holding Company (NPDHC) claiming that between $$8.4billion and $8.58billion, out of the projected cash, was allocated. The…
Panic as generator smoke envelopes CBN headquarters (SUN)
Abuja residents were thrown into panic Tuesday evening as huge smoke engulfed the head office of the Central Bank of Nigeria (CBN) at the Central Business District area of the Federal Capital Territory (FCT). Daily Sun’s investigation at the site…
