SEE EMEFIELE’S STATEMENT ANNOUNCING NEW BOARD MEMBERS FOR FBN HOLDINGS AND FIRST BANK PLC, FULL LIST OF THE NEW BOARDS

GOVERNOR’S STATEMENT ON THE PURPORTED MANAGEMENT CHANGE AT THE FIRST BANK OF NIGERIA LTD 1.0 Good afternoon ladies and gentlemen. 2.0 The media has been awash with commentaries on the…

FULANI HERDSMEN KILL 2 AS SCHOOLS, HOSPITALS CLOSE IN OGUN COMMUNITY

Daud Olatunji, Abeokuta Suspected Fulani herdsmen, on Thursday, attacked Owode-Ketu and Ijoun villages in the Yewa-North Local Government Area of Ogun State and reportedly killed two persons. Our correspondent gathered…

HACAKER, ANONYMOUS HACKS CBN WEBSITE IN SOLIDARITY WITH #ENDSARS

The website of the Central Bank of Nigeria has been hacked by ‘Anonymous’, an online group known for attacking government establishments. Anonymous, which is widely known for its various cyberattacks…

CBN SPENT 75BILLION NAIRA TO PRINT NAIRA IN 2019

•Deploys $3.95bn to BDCs, others •Discovers N365m deposit shortages in 21 banks CBN Governor, Mr Godwin Emefiele By Elizabeth Adegbesan THE Central Bank of Nigeria, CBN, said it spent N75…

COURT FREEZES 65 BANK ACCOUNTS FOR FOREX MANIPULATIONS, THE CHINESE CONNECTION

Court freezes 65 accounts for forex manipulation 14 firms’ accounts domicilled in 13 The Chinese connections  Eric Ikhilae, Abuja A COURT has granted the request by the Central bank of…

CBN RECEIVES 20 APPLICATIONS REQUESTING FOR 67 BIL TO PRODUCE CORONAVIRUS VACCINES

CBN Governor, Mr Godwin Emefiele The Central Bank of Nigeria (CBN), says it has received more than 20 applications requesting for N67 billion grants under its Healthcare Sector Research and…

BANKS IN TROUBLE, BESIEGE CBN FOR LOANS AS CASH FLOW PROBLEMS CONTINUE

Urowayino Jeremiah CBN Interbank money market liquidity falls 95% Naira depreciates to N459/$ in parallel market By Babajide Komolafe The interbank money market has been gripped with intense scarcity of…

SENATE QUERIES CBN OVER 3.3BIL DOLLARS COLLECTED BUT NOT REMITTED FOREIGN TAX

Sunday Aborisade, Abuja The Senate has queried the Central Bank of Nigeria over alleged unremitted $3.3bn from the $21.3bn collected by the Federal Inland Revenue Service as foreign tax in…

CBN GIVES BANKS 2 WEEKS TO CLEAR BACKLOG OF TRANSACTIONS

 Uche Usim, Abuja To deepen its cashless policy, the Central Bank of Nigeria (CBN) has directed all banks to resolve backlog of all ATM, POS and Web customer refunds within…

CBN, NNPC AGREE TO OFFSET FEEDING AND ACCOMMODATION OF RETURNEE NIGERIANS – FOREIGN AFFAIRS MINISTER

The Federal Government has said the Central Bank of Nigeria and the Nigerian National Petroleum Corporation have agreed to shoulder the cost of accommodation and feeding of evacuees during their…

IMF TRANSFERS 3.4BIL DOLLARS APPROVED LOAN TO CBN ACCOUNT AS FG MULLS PEGGING BUDGET TO 20DOLLARS PER BARREL

Nduka Chiejina, Abuja  and  Collins Nweze, Lagos     BARELY 24 hours after receiving $311 million Abacha loot from the United States and the Island of Jersey, the Federal Government has…

CORONAVIRUS SUPPORT FUND NOW 15BIL- CBN

The Central Bank of Nigeria (CBN) on Wednesday said that monetary contributions to its relief fund under the auspices of Private Sector Coalition Against COVID-19 (CACOVID) stood at N15 billion.…

CBN ORDERS BANKS TO DISINFECT THEIR OFFICES OVER CORONAVIRUS PANDEMIC

Nike Popoola As the Federal Government, through the Federal Ministry of Health and the Nigeria Centre for Disease Control intensifies effort to check the spread of the coronavirus pandemic in…

WE ARE IN FOR A MASSIVE ECONOMIC CRISIS- EMEFIELE

Total lending rises to N2.35tn Ifeanyi Onuba, Abuja The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday said the outbreak of the coronavirus pandemic would lead to…

CORONAVIRUS: AVOID USE OF CASH, IF YOU CAN, CBN WARNS NIGERIANS

The Central Bank of Nigeria (CBN) on Tuesday advised Nigerians to adopt alternative payment methods like electronic transfers to avoid the spread of Coronavirus. The CBN Director of Corporate Communications,…

PRIVATE JETS BELONGING TO LOAN DEFAULTERS WOULD BE SEIZED SAYS EMEFIELE

Central Bank of Nigeria Governor, Godwin Emefiele, has said the private jets belonging to loan defaulters would be seized. Emefiele, who spoke on Saturday during a visit to the Dangote…

BUHARI NOMINATES NEW DEPUTY GOVERNOR FOR CBN, SEE PIX AND BIODATA

STATE HOUSE PRESS RELEASE PRESIDENT BUHARI NOMINATES DR KINGSLEY OBIORAH AS CBN DEPUTY GOVERNOR President Muhammadu Buhari has sent the name of Dr Kingsley Isitua Obiora to the Senate for…

HELP!!! BANKING CRISIS COMING, AS BANKS BORROW 19.6TRILLION FROM CBN

Central Bank may continue to support weak banks despite W’Bank warning •How oil & gas, power sector loans, recession worsened financial sector’s woes •Banking industry stable, safe and sound, says…