Tag: CBN, first Bank
FirstBank denies planned system upgrade
Caption:Folake Ani-Mumuney First Bank of Nigeria Ltd on Friday denied any planned system upgrade saying its scheduled transition to a new cloud-based...
Alleged procurement fraud: Emefiele’s coy got preferential treatment- witness tells court
Caption:Emefiele during one of the court appearances A prosecution witness, Mr Stephen Gana, on Monday told an Abuja High Court that two companies belonging to...
FX rate is driven by economic fundamentals not CBN -Cardoso
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has clarified that the apex bank does not determine the foreign exchange rate,...
Migration:Banks face Service disruptons
..customers groan as Failure delivery and incomplete transactions on banking networks become rampant Caption:Yeni Cardoso,CBN Governor Nigerian banks are bracing for...
Naira looses N63.37 against US dollar
The Naira on Wednesday depreciated at the official market, trading at N1,625.13 to the dollar. Data from the FMDQ Exchange, a platform that...
CBN sells $543m to banks to check market volatility
Caption:CBN Governor, Yemi Cardoso The Central Bank of Nigeria (CBN) says it sold 543.5 million dollars to authorised dealer banks between Sept. 6...
Gidado is new Board Chairman of Polaris Bank
+Full List of Board Members: The Central Bank of Nigeria (CBN), has constituted a full Board of Directors for Polaris Bank, one of Nigeria’s leading digital commercial...
Nigeria’s total trade for Q2 2024 stood at N31.892bn – NBS
The National Bureau of Statistics (NBS) says Nigeria’s total merchandise trade stood at N31,892.46 billion in the second quarter of 2024. This is according to...
Money Laundering: EFCC warns designated non-financial business operators
The Economic and financial Crimes Commission (EFCC) has warned Designated Non-Financial Businesses and Professions (DNFBPs) to conduct their dealings in line with...
Nigeria spends N13.5trn more than its revenue of N5trn leaving a deficit of N13.5 ten,faces mounting economic pressures
…triples 2023 spending by over 300% Caption:Wale Edun Finance Minister Nigeria’s federal government is grappling with a significant fiscal imbalance, as...
