Tag: BOARD, CBN, first Bank
FBN bows to CBN: Names new chairman reinstates Adeduntan
We refer to the Central Bank of Nigeria Limited (CBN) pronouncement on the reconstitution of the Board of Directors of First Bank of Nigeria Limited....
First Bank mismanaged – Emefiele
Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has given reasons for the sack of the erstwhile management of First Bank Nigeria Ltd. accusing them of...
CBN to place sugar, wheat on FX restriction list
The Central Bank of Nigeria is set to place forex restriction on selected commodities including sugar and wheat. CBN Governor, Godwin Emefiele, stated this on...
Diaspora Remittances:CBN introduces N5 incentive per dollar
The Central Bank of Nigeria (CBN) on Saturday introduced a new incentive to encourage inflow of diaspora remittances. The incentive, tagged “Naira 4 Dollar...
How Nigerian banks borrow N15.95bn from CBN in one month + Full list
Commercial Banks in Nigeria borrowed N15.95 billion from the Central Bank of Nigeria (CBN) in the Standing Lending Facility window in November, 2020. The...
Excess Liquidity:Banks cut borrowings from CBN -Report
Deposit Money Banks have continued to reduce their borrowings from the Central Bank of Nigeria. The CBN attributed this new development to excess liquidity in the...
SEC speaks on statement on digital assets…
The Securities and Exchange Commission (SEC) has receieved several comments and inquiries from the public on a perceived policy conflict between the SEC Statement...
CBN tells banks, others to close crypto currency accounts
The Central Bank of Nigeria (CBN) has directed all Deposit Money Banks (DMBs), Non-Bank Financial Institutions (NBFIs) and Other Financial Institutions (OFls) to...
CBN: Revised cheque book operational April 1
The Central Bank of Nigeria (CBN) has advised all Deposit Money Banks (DMBs) accredited Cheque Printers/Personalisers, and the Nigeria Interbank Settlement System...
CBN revokes licences of seven payment services providers
The Central Bank of Nigeria has revoked the operating licences of seven payment services providers. The CBN disclosed this in a report titled ‘Revocation of operating...
