•CBN headquarters, Abuja Some bank customers have expressed panic as the Central Bank of Nigeria bans mobile money operators including fintech firms from onboarding new customers. However, the Bank Customers Association of Nigeria backed the CBN directive, reports The PUNCH.A The new directive will affect fintech companies such as OPay, Palmpa...
•Former CBN Governor Godwin Emefiele (Right) in court A former Director of Information Technology of the Central Bank of Nigeria (CBN), Mr. John Ayoh, has explained how he collected $600,000 allegedly for contract gratification for the embattled ex-apex bank governor, Mr. Godwin Emefiele. Ayoh, while being led in evidence by the Economic and F...
•Emefiele in court An Ikeja Special Offences Court heard yesterday how the former Governor of Central Bank of Nigeria (CBN) Godwin Emefiele on different occasions used his former dispatch rider, who later became a member of the apex bank’s staff, to collect $3 million cash in tranches. The CBN employee, Monday Osasuwa, made the disclosure [&he...
•CBN Governor Yemi Cardoso Members of staff of the Central Bank of Nigeria (CBN) have disclosed they are living in constant fear over the ongoing sacking since the appointment of Dr Olayemi Cardoso as the governor. The CBN workers who spoke with our correspondent said no department can be spared in the continued sacking ravaging […]
The Central Bank of Nigeria has written to all banks in Nigeria to stop the use of foreign currencies as collateral for naira loans. It disclosed this in a circular titled, “The use of foreign-currency-denominated collaterals for naira loans” with ref number: BSD/DIR/PUB/LAB/017/004. The circular was signed by the apex bank’s acting Director, ...
•CBN Governor Yemi Cardoso Governor of Central Bank of Nigeria (CBN), Yemi Cardodo has sacked a fresh batch of 40 staff mostly from the Development Finance Department (DFD), in furtherance of its ongoing restructuring. Deputy directors and assistant directors were mostly affected with 22 from the DFD and the remaining 18 from the Medicals and ...
•Central Bank of Nigeria A Significant increase in the minimum capital requirements for all banks operating in the country was yesterday announced by the Central Bank of Nigeria (CBN). Acting Director, Corporate Communications, Mrs. Hakama Sidi-Ali, listed requirements for the various categories of banks in a circular, reports The Nation. The ...
•New Naira notes The Central Bank of Nigeria (CBN) has unveiled new minimum capital requirements for banks, pegging the minimum capital base for commercial banks with international authorisation at ₦500 billion. A circular signed by the Director, Financial Policy and Regulation Department, Haruna Mustafa, to all commercial, merchant, and non-i...
•CBN Governor Yemi Cardoso The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has hiked the benchmark interest rate by 200 basis points to 24.75 percent. This is according to today’s communique by the CBN governor Yemi Cardoso after the second MPC meeting of his tenure in Abuja. The new interest rate […]
•CBN Governor Cardoso The Central Bank of Nigeria (CBN) says it has settled all outstanding foreign exchange (FX) obligations. Acting Director of Corporate Communications, Mrs Sidi Ali, said in a statement made available to journalists yesterday. Ali said the financial regulator recently concluded the payment of obligations to bank customers, ...