CBN endorsed special bank CEOs summit postponed
The Central Bank of Nigeria Economic Summit, slated for April 5, 2022, has been postponed at the request of the Apex bank, to 2023.
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 […]
