CBN disowns fraudulent loan, investment offers via SMS
By yinka Kolawole The Central Bank of Nigeria (CBN) has dissociated itself from fraudulent messages and videos on social media requesting loan seekers and small business owners to apply for loans purportedly facilitated by the bank. In a statement of disclaimer signed by Acting Director, Corporate Communications, CBN, Osita Nwanisobi, Titled, “Beware of Fraudulent Loan […]
HOME OWNERSHIP: CBN introduces construction facility
By Elizabeth Adegbesan THE Central Bank of Nigeria, CBN, has introduced a construction finance facility to enable Family Homes Fund Limited to implement the federal government’s Social Housing Programme as part of its Economic Sustainability Plan 2020. The Programme aims at speeding up the deployment of 300,000 homes in the 36 states of the federation. […]
NAS cautions CBN, NESG over public spat on economy
ABUJA—THE National Association of Seadogs, NAS, has advised the Central Bank of Nigeria, CBN, and the National Economic Summit Group, NESG, to focus on how to salvage the economy and not to engage in unnecessary disagreement.
COVID-19: Financial expert urges CBN to support banks
A financial expert, Mr Okechukwu Unegbu, has urged the Central Bank of Nigeria (CBN) to increase support for commercial banks to address the impact of the COVID-19 pandemic on the sector. Unegbu, a past President of the Chattered Institute of Bankers of Nigeria (CIBN), made the call in an interview with News Agency of Nigeria […]
Bankers’ committee warns Nigerians against cybercriminals
Nigerians have been urged to protect themselves against cyber frauds and scams. The advice was given by the Bankers’ Committee of Nigeria, an umbrella under the Central Bank of Nigeria, on Monday during the launch of its cyber security & fraud awareness campaign, ‘Moni Sense.’ Chairman, Financial Literacy and Public Enlightenment Sub-Committee, Mr. Emeka Emuwa, […]
CBN tackles NESG, explains how it protected economy from extra-ordinary shocks
By Emma Ujah, Abuja Bureau Chief The Central Bank of Nigeria, CBN, has given insight into how it took several measures to protect the economy from extra-ordinary shocks as a result of the COVID-19 pandemic. It faulted the Nigerian Economic Summit Group (NESG) for criticizing its policies, without engaging with the organization. A statement by […]
