CBN to introduce digital currency before year-end
The Central Bank of Nigeria, CBN, has announced plan to launch its digital currency before end of this year. The apex bank has also intensified efforts through awareness fair for easy access to its various intervention funds.
CBN sacks First Bank, FBN Holdings directors, retains Adeduntan as MD
By Emma Ujah, Abuja Bureau Chief & Babajide Komolafe The Central Bank of Nigeria, CBN, yesterday, removed the Boards of Directors of First Bank of Nigeria Limited and the FBN Holdings Plc. The apex bank also reappointed 14 out of the 21 directors affected by the sack into the new board of the two institutions. […]
CBN sacks Awosika, Otudeko, appoints new board for First Bank
The Central Bank of Nigeria (CBN) has approved the appointment of Tunde Hassan-Odukale as Chairman of First Bank of Nigeria Limited (FBN).
CBN sacks First Bank Directors, retains Adeduntan as MD
By Emma Ujah – Abuja The Central Bank of Nigeria (CBN) Thursday, removed the Boards of Directors of First Bank of Nigeria Plc and the FBN Holding. It also wielded the big stick against the FBN Holding Ltd. Announcing the decision to sack the Directors at a briefing in Abuja, the CBN Governor, Godwin Emefiele, […]
How CBN’s 120bn intervention is pushing power sector growth – Stakeholders
By Obas Esiedesa Stakeholders in the power sector have noted that the N120 billion investments by the Central Bank of Nigeria, CBN, would improve power supply across the country especially in distribution infrastructure. The apex bank had last week disclosed that it has disbursed about N3.6 billion for procurement of pre-pay meters to stabilise the […]
CBN increases approved IMTOs to 57
ABUJA — The Central Bank of Nigeria (CBN) has approved additional 10 International Money Transfer Operators (IMTOs) to handle foreign exchange remittances by Diaspora Nigerians, raising the number to 57 The apex bank had on March 22, approved a list of 47 companies based mainly in Nigeria, Europe and America to handle such transactions.
