Archives Tag: CBN
CBN Instructs Banks to Refund Excess Charges
April 19, 2022
Nigeria’s Apex Bank, the Central Bank of Nigeria, has ordered Deposit Money Banks to refund illegal fees charged to customers over a period of one year. The order was contained in a circular dated 12 June and was signed by Mr. Franklin Ahonkhai, Director, Financial Policy and Regulation Department, CBN. The Central Bank … Continue reading CBN Instructs Banks to Refund Excess Charges
By mary-odunuga
Godwin Emefiele Resumes as CBN Governor, Unveils its 10 Point Agenda
April 19, 2022
Mr. Godwin Emefiele, the new Governor of the Central Bank of Nigeria revealed his blueprint for the Nigerian economy indicating that through his vision for the country, they would create a Central Bank that is professional, apolitical and people-focused. He made this known while addressing journalists at the Apex Bank headquarters in Abuja, saying … Continue reading Godwin Emefiele Resumes as CBN Governor, Unveils its 10 Point Agenda
Senate Confirms Zenith Bank’s Godwin Emefiele as CBN Governor
April 19, 2022
The Nigerian Senate confirms the appointment of Zenith Bank CEO, Godwin Emefiele as the new governor of the Central Bank of Nigeria. The upper house of parliament unanimously approved the appointment of Emefiele to replace suspended Sanusi Lamido Sanusi. Senate president David Mark said it was a key appointment, adding: “Emefiele will ensure the prerequisite … Continue reading Senate Confirms Zenith Bank’s Godwin Emefiele as CBN Governor
Kwara State Goes Cashless in July
April 19, 2022
Kwara State will commence its cashless financial services on July 1st, 2014, the Central Bank of Nigeria has announced. This was made known by the acting governor of the CBN, Dr. Sarah Alade on Tuesday in Ilorin, the state capital, during the bank’s sensitization exercise on cashless policy. In a key note address, Dr. Alade … Continue reading Kwara State Goes Cashless in July
By mary-odunuga
Godwin Emefiele, Zenith Bank MD, Appointed New Central Bank Governor
April 19, 2022
The managing director of Zenith Bank Plc, Mr Godwin Emefiele has been appointed the new Governor of Central Bank of Nigeria by President Goodluck Jonathan. His name was forwarded to the Nigerian Senate for screening and approval by the Nigerian president a few hours after the removal of Mallam Sanusi Lamido Sanusi from office. If … Continue reading Godwin Emefiele, Zenith Bank MD, Appointed New Central Bank Governor
Central Bank of Nigeria Changes Umpire: Sanusi Out, Alade In
April 19, 2022
The Central Bank of Nigeria has had a leadership change. Mallam Sanusi Lamido Sanusi was governor of the apex bank until his replacement with Dr. Sarah Alade, a deputy governor of the bank, who will steer the affairs of the institution in an acting capacity in the interim. All Good Things End Mallam Sanusi Lamido … Continue reading Central Bank of Nigeria Changes Umpire: Sanusi Out, Alade In
By kunle-binuyo
Cashless Policy to Start Nationwide July 1st, 2014 – CBN
April 19, 2022
The cashless programme introduced by the Central Bank of Nigeria, which has already been effected in a number of states across the federation, will be implemented nationwide by July 1st, 2014, according to the CBN. The cashless policy was introduced in order to reduce the dominance of cash in the monetary system. The first phase … Continue reading Cashless Policy to Start Nationwide July 1st, 2014 – CBN
BUSINESS E-Commerce ECONOMY News
Tunde Lemo Retires from CBN on January 15
April 19, 2022
Mr. Tunde Lemo, Deputy Governor, Central Bank of Nigeria (CBN), is scheduled to retire from the apex bank on January 15 after a decade of service, according to reports by Leadership Newspaper. Lemo was appointed deputy governor on January 1, 2004 and is reputed to be the longest serving member on the board till date. … Continue reading Tunde Lemo Retires from CBN on January 15
MSMEs, Solution to Unemployment – CBN
April 19, 2022
Mr. Tunde Lemo, Central Bank of Nigeria Deputy Governor, has highlighted the need for focus on the development of Micro, Small and Medium-scale Enterprises (MSMEs) in Nigeria, noting that the sector holds the key to solving the rising unemployment in the country. Lemo stated that MSMEs are key in generating employment, creating wealth, alleviating poverty, … Continue reading MSMEs, Solution to Unemployment – CBN
By kunle-binuyo
BUSINESS E-Commerce Events News
e-Business Fair Gathers Thousands of SMEs With Industry Experts
April 19, 2022
Connectnigeria.com hosted over two thousand visitors at the Orchid Hall, Expo Center, Eko Hotel and Suites on Saturday 26th October 2013 to its annual business fair, which was themed “E-Business and the Growth of Your Enterprise.” Present at the event were representatives from different financial and service institutions such as the Central Bank of Nigeria, … Continue reading e-Business Fair Gathers Thousands of SMEs With Industry Experts
By kunle-binuyo
BUSINESS E-Commerce ECONOMY News Research 6 more...
Nigeria Records N6.85 Trillion e-Transfers in Nine Months
April 19, 2022
A document made available by the Nigeria Inter-Bank Settlement System (NIBSS), yesterday, has shown that the country registered a total of N6.849 trillion in electronic fund transfers between January and September, 2013. The document revealed that the NIBBS Instant Pay (NIP) tracked a monthly transaction value of N761 billion from an average volume of 1.13 … Continue reading Nigeria Records N6.85 Trillion e-Transfers in Nine Months
By kunle-binuyo
Importing Foreign Currencies Without Our Authorization Now Illegal – CBN
April 19, 2022
“Importing foreign currencies without our authorization is now illegal,” says The Central Bank of Nigeria (CBN), in a move following the withdrawal of operating licenses of 20 Bureaux de Change (BSCs). In a statement by the CBN, signed by its Director of Corporate Communications, Mr Ugo Okoroafor, it states that, “BDCs purchased and sold huge … Continue reading Importing Foreign Currencies Without Our Authorization Now Illegal – CBN
By sheyi
CBN To Award Winner of Football Competition N2 Million
April 19, 2022
The Central Bank of Nigeria (CBN) has announced that the winner of its 2013 All Financial Institutions Football Competition (AFIFC) will receive a prize money of N2million. The competition, jointly organized with the Nigeria Football Federation, NFF, will have the prizes to motivate participants, says CBN’s Director of Corporate Communications, Ugochukwu Okoroafor. He also said, … Continue reading CBN To Award Winner of Football Competition N2 Million
By sheyi
Mobile Payment in Nigeria Growing – CBN
April 19, 2022
The Director of Banking and Payment System Department, of the Central Bank of Nigeria, Mr Dipo Fatokun, has said that mobile payment is gaining a lot of grounds in Nigeria, and that the policy is being taken beyond cash-in-cash-out remittances and top up. He made this disclosure at a conference in Lagos organised by Leeds … Continue reading Mobile Payment in Nigeria Growing – CBN
By sheyi
Blog of the Week News Research
8 in 10 Nigerians Support New National ID Card Scheme
April 19, 2022
A recent poll released by NOIPolls has shown that about 8 in 10 Nigerians are in support of a new identification (ID) card scheme. Of those polled in the research, 60 percent implied that the ID cards will serve as a means of identification and proof of citizenship. The results also revealed that about 58% of … Continue reading 8 in 10 Nigerians Support New National ID Card Scheme
By kunle-binuyo
