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Central Bank of Nigeria News - Page 18

Redesigned Naira: Finance Minister Tackles CBN Governor, Asks Lawmakers To Summon Emefiele

The Finance Minister, Zainab Ahmed, has asked the National Assembly to summon the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, over the redesigned naira notes. Ahmed said the central bank chief did not consult with her ministry before informing

October 28, 2022

CBN Places Service Restriction On PoS Agents Across Nigeria

Business·Insights

GTBank, Zenith Bank, Others’ N3.14 trillion Revenue Threatened, As CBN Suspends Deposit Charge

The Central Bank of Nigeria (CBN) has suspended deposit fee or bank charge, and this will serve a huge blow on the revenue of over 10 commercial banks operating in the country. CBN Governor, Godwin Emefiele, had disclosed the suspension during a

October 27, 2022

Business

Just In: CBN To Release Redesigned Naira Notes, Accuses Nigerians Of Hoarding N2.7 trillion

The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has revealed that new naira notes – N200, N500, and N1,000 – will be released on December 15, 2022. Emefiele said the new design will curb ramson payment to terrorists and

October 26, 2022

Business

Sniffer Dogs: CBN’s Emefiele Backs Air Peace’s Claim Against Foreign Authorities, Releases $120 million

The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has also made an allegation against foreign aviation authorities, stating that they are harassing Nigerian airlines by unnecessarily using sniffer dogs on them. Prime Business Africa had previously reported that the

October 25, 2022

Business

Godwin Emefiele Ordered To Appear Before Federal High Court Over $70 million Judgement Debt

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has been summoned by Justice Inyang Ekwo of the Federal High Court, Abuja, on Thursday, over a judgment debt case. Emefiele had been ordered to pay a Senior Advocate of Nigeria,

October 21, 2022

Polaris Bank Media Seminar: Expert Calls For More Training On Investigative Journalism

Business·Finance & Economy·News

Buyers Of Polaris Bank Still Owe CBN N1.30 Trillion, Apex Bank Reveals

The Central Bank of Nigeria (CBN) has revealed that the acquisition of Polaris Bank by Strategic Capital Investment Limited (SCIL) is worth N1.35 trillion. In a statement released on Thursday following reports that Strategic Capital Investment Limited acquired Polaris Bank for N50

October 21, 2022

Business·News

CBN Loses N1.15 trillion In Strategic Capital’s Acquisition Of Polaris Bank

Strategic Capital Investment Limited (SCIL) has acquired Polaris Bank from Asset Management Company of Nigeria (AMCON) and Central Bank of Nigeria (CBN), making the apex bank lose N 1.15 trillion in the process. The central bank and debt collector agency sold Polaris

October 20, 2022

Naira Opens Week With Gain Across FX Markets

Business·Currency

Bureau De Change Operators Expect Dollar Rate To Rise Above N730 Due To CBN’s Policy

The policies of the Central Bank of Nigeria (CBN) under Godwin Emefiele have been blamed by the Association of Bureau De Change Operators of Nigeria (ABCON) for the hike in dollar rate. According to the President of ABCON, Aminu Gwadabe, the exchange

October 17, 2022

Business

Setback For CBN, As Reps Stop Godwin Emefiele From Selling Polaris Bank

Members of the House of Representatives have suspended the sale of Polaris Bank by the Central Bank of Nigeria (CBN), following allegations that the apex bank plans to sell the creditor cheaper than the capital invested to resuscitate it. There were reports

October 13, 2022

Business

Nigeria Occupies Fourth Position On Most Crypto Transactions Despite CBN Ban

The founder of Patricia, a Fintech company, Hanu Fejiro, said Nigeria is the fourth country in the world with the most crypto transactions despite the ban placed on digital asset transactions in Nigeria. Central Bank of Nigeria (CBN) had banned cryptocurrency from

October 12, 2022

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Central Bank of Nigeria News - Page 18

Redesigned Naira: Finance Minister Tackles CBN Governor, Asks Lawmakers To Summon Emefiele

GTBank, Zenith Bank, Others’ N3.14 trillion Revenue Threatened, As CBN Suspends Deposit Charge

Just In: CBN To Release Redesigned Naira Notes, Accuses Nigerians Of Hoarding N2.7 trillion

Sniffer Dogs: CBN’s Emefiele Backs Air Peace’s Claim Against Foreign Authorities, Releases $120 million

Godwin Emefiele Ordered To Appear Before Federal High Court Over $70 million Judgement Debt

Buyers Of Polaris Bank Still Owe CBN N1.30 Trillion, Apex Bank Reveals

CBN Loses N1.15 trillion In Strategic Capital’s Acquisition Of Polaris Bank

Bureau De Change Operators Expect Dollar Rate To Rise Above N730 Due To CBN’s Policy

Setback For CBN, As Reps Stop Godwin Emefiele From Selling Polaris Bank

Nigeria Occupies Fourth Position On Most Crypto Transactions Despite CBN Ban

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