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 […]
Just In: CBN orders DMBs to sell FX to customers
The Central Bank of Nigeria, CBN, has ordered Deposit Money Banks, DMBs to sell foreign exchange (FX) to customers.
Bears resurface on NGX, indices down by 0.12%
Sentiments on the domestic bourse turned negative on Tuesday to halt the five consecutive days of gains, as the Central Bank of Nigeria (CBN) held all policy parameters unchanged. Specifically, the All-Share Index lost 46.93 points or 0.12 per cent to close at 38,802.15 from the 38,849.08 recorded on Monday. Consequently, the month-to-date gain moderated […]
CBN reiterates financial soundness, safety of banks
*Advises customers to disregard damaging reports By Elizabeth Adegbesan The Central Bank of Nigeria, CBN has reiterated the financial soundness, safety and resilience of Deposit Money Banks (DMBs) and Other Financial Institutions (OFIs) in the country. The bank made this clarification in response to certain false and unfounded stories circulating in social media attacking the […]
CBN releases guidelines, framework for Mobile Money Services
By Elizabeth Adegbesan The Central Bank of Nigeria, CBN, today released Regulatory Guidelines and Framework for Mobile Money Services in the country. According to CBN, the introduction of mobile telephony in Nigeria and its rapid growth and adoption among other factors have underscored its decision to issue the framework as it will create an enabling […]
FOREX: More CBN intervention needed to boost liquidity — LCCI
By Yinka Kolawole The Lagos Chamber of Commerce and Industry (LCCI) has called for more interventions by the Central Bank of Nigeria in the foreign exchange (forex) market to boost liquidity in the market. President, LCCI, Mrs Toki Mabogunje, made the call at a media briefing on the state of the economy in Lagos, yesterday. […]
