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Tag Archives: Central Bank of Nigeria (CBN)

Etisalat: Hakeem Bello-Osagie forced to resign from board

Hakeem Bello-Osagie...Etisalat

*Over restructuring plan for the telecommunications firm Chairman of Etisalat Nigeria Limited, Hakeem Bello-Osagie, has resigned his position following the approval of a restructuring plan for the telecommunications firm. A statement obtained by this newspaper confirmed the development, saying the decision followed “the approval of a restructuring plan for the telecommunications firm.” …

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CBN sends panic to forex market with cash injection

*In a bid to further strengthen the Naira Forex traders have been set on panic button as news filtered that the Central Bank of Nigeria will, this weekend, further pump more dollars into the foreign exchange market in continuation of its strategy to strengthen the value of the Naira. According …

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Women should leverage on CBN development funds – Zeph

*Several funds exist to help women grow Women in the country have been advised to explore many of the development funds available in the country. Many of the funds are designed to help the nation meet up with the critical support for populations that have been revealed by studies to be …

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Osinbajo magic further crashes the Dollar again

*As CBN floods market with more foreign currencies In keeping with its determination to increase liquidity in the foreign exchange market, the Central Bank of Nigeria (CBN) on Monday released another $100m into the wholesale forwards segment of the market and pumped an additional $80m into the banks specifically for …

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FG adds more economic woes on Nigerians

Godwin Emefiele Nigeria's Central Bank Governor...see how 'safe' your banks are

*Re-introduce banking charges to several pilfering billings Central Bank of Nigeria (CBN) has re-introduced charges on deposits and withdrawals despite the very harsh economic hardship that is already strangulating the citizenry. The disclosure was made at the weekend following the Bankers’ Committee 493rd meeting held on Tuesday. In addition to …

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Osinbajo crashes Dollar badly, now N398

Prof Yemi Osinbajo praises DFID, UK government

*Economic pundits applaud tiered exchange rates By Olajide Fashikun Acting President Yemi Osinbajo may have been certain things right such that has led the Central Bank of Nigeria (CBN) to have adopted the tiered exchange rate. Within the last 144 hours, the Naira has been strengthened. As at last night, …

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CBN returns cashless charges on bank deposits

Central Bank of Nigeria (CBN) Thursday, returned charges on cash deposits in banks, which would take effect at different dates in different parts of the country. Director, Banking and Payments Systems Department, Mr. Dipo Fatokun, announced this in a circular entitled: “Circular on nationwide implementation of the cashless policy.” The …

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Where is the N100bn released by CBN for ranches development? Reps ask

Fulani-grazing...ARG protests

*Set up committee to investigate, report back in four weeks By Sandra Onyekwere Honourable Karimi Steve Sunday, a member of the House of Representatives, has raised a fresh alarm over the disbursement and utilisation of the N100 billion released for the construction of mini ranches across the country. Honourable Sunday …

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FG releases monies for Falcons, Eagles allowances

Just like the Chief of Staff to President Muhamadu Buhari promised the Super Falcons that all their allowances will be paid on or before Friday, we can reveal that the Federal Government has released a total sum of N471.8m for the payment of the allowances of Super Eagles and Super …

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