First Bank of Nigeria Limited has said that the lender is cooperating with the Central Bank of Nigeria (CBN) and other regulators, while its operations are not hampered or hindered in any way and are in fact running smoothly. This…
It is our job to print money, lend govt – Emefiele replies Obaseki
The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has replied Edo State Governor, Godwin Obaseki, concerning his claim that the apex bank printed an additional N50billion to N60 billion to make up for state allocations. Emefiele while…
Gunmen attack Soludo, kill 3 policemen
Gunmen, a while ago, attacked the former governor of the Central Bank of Nigeria (CBN), Prof. Charles Soludo, killing three policemen guarding him. The incident took place in his community, Isuofia, in Aguata Local Government Area of Anambra State during…
‘CBN’s retention of policy parameters’ll enhance credit flow, stimulate output growth’
The Lagos Chamber of Commerce and Industry (LCCI) has opined that the decision of the Monetary Policy Committee of the Central Bank of Nigeria (CBN) to retain its policy parameters would enhance credit flows, stimulate output growth and moderate inflationary…
Finance ministry, CBN deny move to liberalise forex market
The Ministry of Finance, Budget and National Planning, yesterday, made a U-turn on the statement credited to the Minister, Mrs. Zainab Ahmed, to the effect that the federal government will jettison the Central Bank of Nigeria (CBN)’s official foreign exchange…
CBN retains lending rate at 11.5%
The Monetary Policy Committee of the Central Bank of Nigeria has retained the Monetary Policy Rate at 11.5 per cent. The CBN Governor, Godwin Emefiele, disclosed this after the committee’s two-day meeting in Abuja on Tuesday. It also retained the…
With bank still owing telcos CBN introduces new charges for USSD services
The Central Bank of Nigeria (CBN) has introduced new charges for customers using the Unstructured Supplementary Service Data services (USSD). The apex bank said from Tuesday customers will pay a flat fee of N6.98 per transaction every time they use…
Operation remit more dollars back home – Ehi Braimah
The growing importance of diaspora remittances is at the heart of the recent Central Bank of Nigeria (CBN) announcement of the “Naira 4 Dollar Scheme” which is essentially a creative way of boosting the local economy. It is a strategic…
Diaspora Remitances: FirstBank gifts customers N5 for every dollar received
First Bank of Nigeria Limited is rewarding customers with N5 for every dollar received through foreign remittances. This N5 for a dollar incentive is paid to FirstBank’s customers regardless of their preference to collect the USD as cash across the…
CBN directs banks to open dollar account for remittances
The Central Bank of Nigeria (CBN) has mandated commercial banks to open new dollar account with offshore lenders for receiving international money transfers. The directive was disclosed by WorldRemit- an International Money Transfer Operators (IMTOs) player to its clients. The…
