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CBN Perfect Plans To Encourage Single digit Borrowing in real sector

• Bank retains MPR at 14 per cent To encourage banks to give credit to the rea..
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CBN mandates banks to sell forex to customers over the counter

• Asks banks to access dollars from CBN thrice a week Nigerians travel-ling overseas can now heave a sigh of relief following the release of new Central Bank of Nigeria (CBN) directives that make it ..

Money laundering: CBN goes hard on banks

• Non-compliant bank’s Boards may be removed The Central Bank of Nigeria (CBN) and the Office of the Attorney General of the Federation (OAGF) have approved new administrative sanctions regime against banks and their staff who fail to comply with anti-money laundering and terrorist financing regulations. The new rule, signed by CBN Director, Financial Policy and Regulations, Kelvin Amugo, requires that where the Board of a financial institution, a director or officer responsible for ensuring anti-money laundering compliance with any relevant provision of these regulations has been penalised ..

Buhari Create Forex Billionaires Sanusi Lamido Reveals

Emir Sanusi made this disclosure during his speech at the 15th Joint National Council on Development Planning meeting held in Kano yesterday. The Emir...

N338=$1: NAIRA TO DOLLAR RATE IS CURRENTLY DEVALUATING

This is getting out of hand as naira is now on its way to approaching N1000 to $1 as naira to dollar rate is...

New Pro-Biafra Protest In Aba Turned Into A Heavy Bloodshed; Find Out

Protesters resumed activity in Aba, Abia state against the continuous detention of their leader Nnamdi Kanu. The protest which was anchored by the Movement for...

CBN CAPITAL BASE EXPIRED FINANCE HOUSES YET TO MEET UP; FIND OUT ABOUT #100MILLION...

An emergency meeting was conducted by the Central Bank of Nigeria (CBN) yesterday with operator of finance houses in other to table out how to...

Bank’s Hit N622 billion With CBN, As Buffer Against Losses

A new order was sent by Central Bank of Nigeria (CBN) for deposit money banks to build adequate buffers against miscellaneous losses doubling provisions...

Office Holders Try To Evade BVN Registration

Based on the just concluded deadline for the Bank Verification Numbers (BVN) enrollment, report say some politicians and public officers still shy away from the system...

Nigerians will Prepare To Pay More For Electricity

The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, says Nigerians must be prepared to pay more for electricity. Read Also: Nigerians ‘ll pay more for...

Sanusi Recommended The Appointment of Deputy Governor

It might interest you to know that the Former Central Bank of Nigeria (CBN) Governor, Chief Joseph Sanusi recommend to the Federal Government to appoint...