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. […]
Banks escalate borrowings from CBN by 174% to N2.4trn
In apparent reflection of the intense scarcity of funds that prevailed in the interbank money market in April, banks’ borrowing from the Central Bank of Nigeria (CBN) rose by 174 per cent to N2.48 trillion from N904.6 billion in March. The banks’ deposits with CBN also declined significantly.
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 […]
