A coalition of civil society organisations yesterday rendered an unreserved apology to the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, over calls for his visa ban over the alleged missing of N89 trillion stamp duty. They…
CBN cash withdrawal limit begins today
The Central Bank of Nigeria’s policy on restriction on daily cash withdrawal takes off across the country today, Monday, January 9. The PUNCH reports that in this arrangement, the maximum weekly limit for cash withdrawals across all channels by individuals…
*Son kidnaps father, collects N2.5m ransom (DailyTrust)*CBN bans over-the-counter withdrawal of new notes (Punch)
Son kidnaps father, collects N2.5m ransom (DailyTrust) The Kwara State Police Command has arrested one Issa Naigheti for allegedly kidnapping his father and collecting a ransom of N2.5m. Ajayi Okasanmi, spokesman of the command, who disclosed this said the suspect…
Emefiele’s representative addresses Reps on cash limits
The Deputy Governor, Financial System Stability, Central Bank of Nigeria, Aisha Ahmad, is currently addressing the House of Representatives over the latest policy by the apex bank which, among others, sets limits to cash withdrawals at the Deposit Money Banks…
Newly redesigned Naira now in banks, ready for issuance – Emefiele
The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, says the newly redesigned Naira notes are already in banks and ready for issuance. According to a statement in CBN’s official twitter handle, Emefiele said so in Daura…
Reps summon Emefiele over CBN cash withdrawal limits
The House of Representatives has criticised the new policy introduced by the Central Bank of Nigeria which, among others, sets limits to cash withdrawals at the Deposit Money Banks and other financial institutions. Consequently, the House summoned the Governor of…
CBN reduces cash withdrawals to N100k, N500k weekly for individuals, companies
The Central Bank of Nigeria (CBN) has announced a new policy that mandates deposit money banks and other financial institutions to ensure that over-the-counter cash withdrawals by individuals and corporate entities do not exceed N100, 000 and N500, 000, respectively,…
Buhari nominates Aisha Ahmed, Edward Adamu as CBN deputy governors
President Muhammadu Buhari has written the Senate, seeking the screening and subsequent confirmation of the former Central Bank of Nigeria, CBN, Director, Human Resources, Edward Adamu, for the position of Deputy Governor of the nation’s apex bank. According to the…
MTN Foundation partners BEETA Playwright Competition to empower young Nigerians
MTN Foundation in partnership with the Beeta playwright competition recently trained the top ten finalists in a playwriting workshop from November 14 – November 17, 2022, following the call for entry which had 794 submissions, from 30 states across the…
Forex access huge challenge to oil marketers –DAPPMAN
The Depots and Petroleum Products Marketers Association of Nigeria (DAPPMAN), says accessing foreign exchange at official rate has remained the greatest challenge facing fuel marketers in the country. Mrs Winifred Akpani, DAPPMAN Chairman, said this at a news conference in Lagos…