Tag: Central Bank of Nigeria
CBN, SEC to Nigerians: Verify licence status of companies before you invest
The Financial Services Regulation Coordinating Committee (FRSCC) has admonished members of the public to refrain from dealing with illegal financial ...
Report: Nigeria’s total debt could hit N50tn
The Centre for the Promotion of Private Enterprise has stated that Nigeria’s debt, including that of the Asset Management Corporation of ...
CBN imposes heavy sanctions on banks over mutilated notes
The Central Bank of Nigeria has expressed concern over the increasing amount of mutilated banknotes deposited with the apex bank ...
Emefiele: National theatre renovation gulped $100m, to be completed November
Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has stated that the ongoing renovation of the National Arts ...
Reps panel uncovers N300bn ‘unclaimed funds’ in commercial banks
A house of representatives committee has disclosed that it has uncovered N300 billion "unclaimed funds" in some banks in the ...
CBN unveils 21 maize pyramids in Kaduna
The Central Bank of Nigeria (CBN) has unveiled 21 maize pyramids in Kaduna State which it said will boost maize ...
Rep to CBN: Enforce use of coins to tackle price inflation
The house of representatives has called on the Central Bank of Nigeria (CBN) to enforce the use of coins as ...
IMF: Fear of political resistance, corruption hampering subsidy removal in Nigeria
The International Monetary Fund has disclosed that the fear of political resistance, widespread corruption and pressure from interested groups is hampering ...
Naira falls to N585/$1 at parallel market
Nigeria's currency, naira has dropped to N585 against the dollar at the parallel section of the foreign exchange market. The ...
CBN initiates cash collection centres for withdrawals, deposits
The Central Bank of Nigeria (CBN) has initiated cash collection centres called Bank Neutral Cash Hubs (BNCH), to be established ...
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