CBN has no plan to close community associations’ accounts – Investigations
By Emma Ujah, Abuja Bureau Chief The Central Bank of Nigeria (CBN) did not direct Deposit Money Banks to seize fund in Community Associations’ Savings Accounts. There has been apprehension among members of Community Development Associations, Cooperative Societies and Social Clubs over reports that accounts held by such organisations which were not properly registered with […]
CBN escrow of DISCOs’ bank accounts saved sector from collapse — Experts
ENERGY experts have claimed that the decision by the Central Bank of Nigeria, CBN, to escrow the bank accounts of electricity distribution companies in August, 2020, saved the power sector from collapse.
CBN escrow of DisCos’ bank accounts saved sector from collapse – Experts
Energy experts have claimed that the decision by the Central Bank of Nigeria (CBN) to escrow the bank accounts of electricity distribution companies in August, 2020, saved the power sector from collapse.
Stakeholders appraise CBN’s TIES initiative
NIGERIAN students, on the platform of the National Association of Nigerian Students, NANS, are now in high spirits, while building hopes of a new dawn of a positive post-schooling experience.
N19.3bn bailout: Activist to sue EFCC, Yahaya Bello, others
By Arogbonlo Israel A renowned activist, blogger and politician of Kogi extraction, popularly known as Usman Okai has vowed to sue the Economic and Financial Crimes Commission (EFCC), Kogi State Governor, Yahaya Bello, among others over unsubstantiated allegations that the State Government fixed N19.3 billion bailout funds received from the Federal Government. The activist, who […]
Economy steadily recovering, but growth still fragile — CBN
THE Central Bank of Nigeria, CBN, Tuesday, said Nigeria’s economy is on recovery path but the growth is still fragile and below potential.
How CBN intervention can lower N1trn electricity subsidy cost – experts
With Federal Government set to eliminate most subsidies in the electricity sector by January 1, 2022, experts have held that the government could leverage on the N1.5 trillion intervention funds provided by the Central Bank of Nigeria (CBN) to boost the finances of the industry.
Traders send SOS to CBN over multiple charges/deductions by commercial banks
The South East Amalgamated Markets Traders Association (SEAMATA), has sent a “Save Our Souls (SOS)” signal to the Central Bank of Nigeria (CBN) over multiple and indiscriminate charges and deductions on customers by commercial banks. SEAMATA is the umbrella association of traders in all the markets in the South East geo-political zone and traders of […]
CBN takes eNaira platform to Kaduna
The Central Bank of Nigeria ( CBN) has explained the operational benefits of its newly introduced eNaira to the public and scolded commercial banks in Nigeria for not doing much to educate the citizens about the eNaira platform.
CBN seeks eNaira-based products from PSBs, Fintechs
By Babajide Komolafe In the bid to further deepen adoption of the nation’s Central Bank Digital Currency (CBDC), the Central Bank of Nigeria (CBN) has asked Payment Service Banks, PSBs and Fintechs to develop and introduce products based on the e-Naira. Director, Information Technology Department (ITD), CBN, Mrs Rakiya Mohammed, made this position known in […]
First Bank too big to be owned by one person — CBN
By Emma Ujah and Emmanuel Elebeke The Central Bank of Nigeria (CBN) has said that it would be guided by the decision of the Securities and Exchange Commission (SEC) on the ownership structure of FBN Holdings Plc, the parent company of First Bank Plc. The company’s majority stake recently became a subject of controversy among […]
Charles Soludo: From village boy to Anambra Governor-elect
By Arogbonlo Israel Charles Soludo, a village boy who has risen through the ranks to become an icon in the annals of the Nigerian history, has not only put his name on ‘hall of fame’ but also inspired many by his recent feat at the just concluded Anambra gubernatorial election. The first class graduate just […]
Prof Soludo: Ten facts you need to know about Anambra Governor-elect
By Udo Wisdom The Independent National Electoral Commission (INEC) on Wedneday, declared Charles Chukwuma Soludo as winner of the just concluded Anambra gubernatorial election having polled a total of 112,229 votes. Vanguard reports APGA, the ruling party in the state, scored the most votes in the Ihiala supplementary election that held on Tuesday. In this […]
Decline in TB rate to persist as CBN sells N150.8bn
The Central Bank of Nigeria, CBN, is expected to further reduce interest rate on Nigeria Treasury Bills, NTBs, this week when it sells N150.82 billion worth of the instruments.
Enugu Assembly approves N15bn loan for State Govt
The Enugu State House of Assembly has approved a N15 billion loan request by Enugu State Government from the Central Bank of Nigeria (CBN). The loan request was contained in a letter to the house read by the Speaker, Chief Edward Ubosi, during Thursday’s plenary. Ubosi said the loan would be used to finance infrastructure […]
Emefiele and the not so exclusive audio tapes
By Philip Agbese In Nigeria, must we always kill our illustrious sons? It is a question that several persons of repute, including activist, had asked in the past and the question again took on relevance in recent days as the hyenas hemmed in what they thought was their prey and tried to snuff life out […]
