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Nigeria’s Economy Can Grow By Up To 10% Every Year – CBN

Central Bank of Nigeria (CBN)

Ex Director, Budgeting Department, Central Bank of Nigeria (CBN), Dr Titus Okunrounmu has come out to say that Nigeria’s economy can grow by between seven per cent and 10 per cent annually. He recently revealed this to the press, and Nigerians have been reacting. According to him, if the necessary ...

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Don’t Panic Nigerians, Your Forex Obligations Will Be Met – CBN

Central Bank of Nigeria (CBN)

The Central Bank of Nigeria (CBN) has come out to assure Nigerians that there is enough foreign exchange for them to meet their obligations. Governor of the bank, Mr. Godwin Emefiele, recently gave the assurance at the end of yesterday’s Monetary Policy Committee meeting, in Abuja. According to him, the ...

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Cryptocurrency Ban Was In The Interest Of Nigerians – CBN

Central Bank of Nigeria (CBN)

The Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele has come out to say that the cryptocurrency ban was in the best interest of Nigerians. He recently revealed this while briefing a joint Senate Committee on Banking, Insurance and Other Financial Institutions; ICT and Cybercrime; and Capital Market, on ...

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Another Lockdown Will Reverse The Gains Made Since The Economy Was Reopened – CBN

Central Bank of Nigeria (CBN)

The Central Bank of Nigeria, CBN has come out to say that the Federal Government (FG) should avoid another lockdown amid the pandemic. This was recently revealed in a statement by the CBN Governor, Godwin Emefiele, at the end of the apex bank’s Monetary Policy Committee (MPC) first meeting of ...

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Total Lockdown Is Not Advisable Amid The 2nd Wave Of The Pandemic – CBN

Central Bank of Nigeria (CBN)

The Central Bank of Nigeria (CBN) has advised against complete lockdown of the economy amid the 2nd wave of the coronavirus pandemic. CBN Governor, Godwin Emefiele recently this at the just-concluded meeting of the bank’s Monetary Policy Committee (MPC) in Abuja, and Nigerians have been reacting. According to him, the ...

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I Didn’t Loot Half Of CBN As Head Of State – Yakubu Gowon

Yakubu Gowon

Ex-military Head of State, Yakubu Gowon has come out to reject reports by a Member of the British Parliament that he looted half of the Central Bank of Nigeria (CBN) at the end of his reign. He recently had his say during an interview with BBC and Nigerians have been ...

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Renovating National Theatre Will Make Nigeria’s Economy Thrive – CBN

Central Bank of Nigeria (CBN)

The Central Bank of Nigeria (CBN) and the Bankers Committee have come out to say that a renovated and fully operational National Arts Theatre will eventually lead to the build-up of a more resilient economy. The CBN Governor, Mr. Godwin Emefiele revealed this recently at the official handover ceremony of ...

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We’re Ready To Collaborate With Private Sector To Tackle Coronavirus – CBN

Central Bank of Nigeria (CBN)

The Central Bank of Nigeria, CBN is prepared to partner the private sector to combat coronavirus in Nigeria. This came as Lagos State commissioned an ultra-modern disease isolation centre in Yaba. According to him, the unveiling of the newly built isolation centre will definitely help in boosting the capacity of ...

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Receiving Money Transfers In Foreign Currency Will Kill Our Naira ― CBN

Central Bank of Nigeria (CBN)

The Central Bank of Nigeria (CBN) has said receiving international cash transfers in foreign currencies by Nigerians will affect the Naira negatively. Ms. Ozemena Nnaji, Director, Trade, and Exchange in the apex bank said this to the House of Representatives Committees on Diaspora, Banking and Currency, and National Planning at ...

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CBN’s Policy Measures Has Aided Our Economy Growth – Godwin Emefiele

emefiele2

Governor of Central Bank of Nigeria (CBN), Dr. Godwin Emefiele has said Nigeria’s economic growth can be traced to several policy measures by CBN. Dr. Godwin revealed this at the 11th Annual Bankers Committee Retreat with theme: “Delivering Inclusive Growth: Leveraging Digital Finance” in Ogere, Ogun State. According to him, ...

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CBN Is Desperately Trying To Generate Revenue With Their New Policy – Don Jazzy

Tiwa savage, Teebillz, Donjazzy and friends go on boat cruise in Dubai

The Central Bank of Nigeria (CBN) recently announced that the full implementation of the cashless policy will begin from March 31, 2020. In the circular that was captioned, “Re: Implementation of the Cashless Policy,” and sent to all banks, CBN announced the start of charges on deposits which will be ...

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‘Stop Investing In MMM’ – CBN Warns Nigerians Again

CBN Warns Nigerians Again

The Central Bank of Nigeria (CBN) has once again cautioned the citizenry against investing in the ponzi scheme, Mavrodi Mundial Moneybox ( MMM). The scheme operators stopped the accounts of its investors in Nigeria few days ago.CBN Director of Development Finance Dr. Mudashiru Olaitan gave the warning at a business ...

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CBN release official statement on Syke Bank

The Central Bank of Nigeria (CBN) would like to inform the general public of its decision to effect changes in key personnel on the Board and Management of Skye Bank PLC with effect from today Monday, 4th July 2016. Specifically, these changes relate to the Chairman, all Non-Executive Directors on ...

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CBN takes over Skye Bank, MD Resigns

The Managing Director and some top management of Skye Bank of Nigeria today resigned in anticipation of the planned dissolution of the board and management cadres by the Central Bank of Nigeria (CBN) which has discreetly worked on removing directors of some commercial banks that have demonstrated a level of ...

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Banks block 5 million customers’ accounts over BVN

At least five million bank accounts were deactivated by Deposit Money Banks operating in the country on Saturday night following the October 31, 2015 deadline set by the Central Bank of Nigeria for bank customers to register and obtain their Bank Verification Numbers, findings by our correspondents showed on Monday.The ...

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Foreign Reserve Has Risen By $2.89b In One Month Under Buhari � CBN Governor

The Governor of the Central Bank of Nigeria, Godwin Emefiele, on Wednesday disclosed that the current administration under President Muhammud Buhari has been able to increase Nigeria’s foreign reserve from $29 billion to $31.89 billion one month. Former President Goodluck Jonathan left $29 billion in Nigeria’s foreign�reserve. Emefiele, who paid ...

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Missing $20bn: You Can Suspend A Man But You Cannot Suspend The Truth- Emir Sanusi

Emir Muhammed Sanusi of Kano has again reiterated his stance that the Nigerian National Petroleum Corporation (NNPC) failed to remit billions of dollars to the federation account. Speaking through a piece he wrote for Financial Times, the Kano Emir stated that he can be suspended as Governor of the Central ...

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President Jonathan unveils new 100 Naira note | Photos

President Jonathan on Wednesday, November 12 unveiled the new N100 note to commemorate Nigeria’s 100 years of amalgamation at the state house during the Federal Executive Council meeting. While presenting the notes to other members of the Council, the president said it was a laudable gesture by the CBN to ...

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CBN Re-Introduces bank charges for ATM withdrawals

The Central Bank of Nigeria has re-introduced bank charges on Automated Teller Machines. Bank customers as from 1st of September, 2014 will now pay N65 when they make use of other banks ATMs. � � Though in the directive, CBN stated that the first 3 withdrawals in a month on ...

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The new Emir of Kano, Sanusi Lamido Sanusi gets turbaned in Kano|Photos

Against all odds, former CBN Governor Sanusi Lamido Sanusi has�arrived for his turban ceremony in Kano today. Photo is courtesy�Dele Momodu.As emir of the northern city of Kano, Sanusi becomes the second-highest Islamic figure after the Sultan of Sokoto in Nigeria. He replaces Ado Bayero, who died on June 6 ...

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