Tag:CBN

Banking Blunder: CBN Cracks Down on Zenith, Fidelity, UBA, 6 others for hoarding cash

Nine Deposit Money Banks (DMBs) have been fined a total of N1.35 billion for failing to adequately load their Automated Teller Machines (ATMs) during...

Why CBN Disqualified 41.65 Million Shares in Access Holdings’ Rights Issue

The Central Bank of Nigeria (CBN) has disqualified 41.65 million shares, valued at N822.60 million, from Access Holdings Plc’s recently concluded rights issue. According to...

CBN to retire 1,000 employees with N50bn severance package

The Central Bank of Nigeria is reported to be preparing to retire approximately 1,000 employees as part of a strategic workforce realignment. A severance package...

Expert faults Cardoso, CBN over hike in interest rate

Mr Daniel Akeju, an advisor and treasury manager has faulted the Central Bank of Nigeria (CBN) recent increase in the Monetary Policy Rate (MPR)...

Naira gains N88.23 against dollar

The Naira on Friday experienced huge appreciation at the official market, trading at N1,142.38 to the dollar. Data from the official trading platform of the...

LCCI urges CBN to reconsider MPR hike stance

The Lagos Chamber of Commerce and Industry (LCCI) has urged the Central Bank of Nigeria (CBN) to reconsider its monetary policy stance and avoid...

Naira records major gain as foreign reserves hit $33.95bn in Q1

The naira regained one-fifth of value in the past five weeks as increased foreign exchange inflows saw Nigeria’s forex reserves rising by $1.04 billion...

CBN raises bank’s capital requirement from N25bn to N200bn

The Central Bank of Nigeria (CBN), has increased the minimum capital requirement for Deposit Money Banks (DMBs) with national licences from N25 billion to...

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Wild Jubilation in Enugu as Ekweremadu’s wife, Beatrice Returns from UK Prison

There was wild jubilation in Enugu State as Mrs. Beatrice Ekweremadu, wife of former Deputy Senate President, Senator Ike...
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INEC Laments Cost of By-Elections, Seeks Alternatives

The Independent National Electoral Commission (INEC) has expressed concern over the high cost of by-elections and called for the...

How Troops Eliminated Bello Turji’s Second-in-Command, Others

Troops from Operation Fassan Yamma have successfully neutralised Bello Turji's second-in-command, Aminu Kanawa, along with 24 other terrorists, following...

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Wild Jubilation in Enugu as Ekweremadu’s wife, Beatrice Returns from UK Prison

There was wild jubilation in Enugu State as Mrs....

INEC Laments Cost of By-Elections, Seeks Alternatives

The Independent National Electoral Commission (INEC) has expressed concern...