CBN guarantees N122.6bn agric loans
The Central Bank of Nigeria (CBN) has guaranteed a total of N122.6 billion loans under the Agricultural Credit Guarantee Scheme Fund (ACGSF) as at end 2020.
Court orders CBN to unfreeze #EndSARS promoters’ accounts
The Federal High Court, Abuja, on Wednesday, ordered the Central Bank of Nigeria (CBN) to unfreeze the bank accounts of the 20 #EndSARS promoters. Justice Ahmed Mohammed gave the ruling following the agreement reached by parties in the suit to amicably resolve the matter. Justice Mohammed, who commended counsel to the CBN, Michael Andoaka, SAN, […]
Court dismisses case against CBN’s directives on bank charges
The Federal High Court sitting in Abeokuta, Ogun State capital, has dismissed a suit instituted by a legal practitioner, Olumide Babalola, challenging the Central Bank of Nigeria, CBN’s policy on current account maintenance fee contained in the Guide to the Charges by Banks and other financial Institutions of January 2020.
Cryptocurrency ban’s to protect Nigerians, financial system — CBN
By Babajide Komolafe The Central Bank of Nigeria (CBN) yesterday said its decision to ban the use of cryptocurrencies in the country is to protect Nigerians and the nation’s financial system from the illegal nature of such currencies and the inherent risks associated with them. Recall that on Friday, the CBN ordered banks to close […]
Explainer: What you should know about CBN cryptocurrency ban
Experts in the financial sector of the economy have rolled out implications of the Central Bank of Nigeria’s, CBN directives on cryptocurrency.
You lack power to stop Cryptocurrency – Archbishop Sam Zuga tells CBN
Archbishop Samzuga has reacted to the Central Bank of Nigeria’s (CBN) new order on Cryptocurrency. The Apex bank had directed Deposit Money Banks (DMBs) and other financial institutions to close accounts of persons who are using their systems for cryptocurrency trading. Reacting to the shocking news, Archbishop Samzuga, the CEO of one of Africa’s fastest […]
