BREAKING: CBN To Redesign the Naira Notes
The Central Bank of Nigeria (CBN) has revealed its plans to introduce newly redesigned naira notes for N200, N500 and N1000. Godwin Emefiele, the CBN governor, announced this at a press briefing in Abuja Wednesday. Read more about News According to the governor, the major reasons for the redesign are the significant hoarding of […]
CBN Adjusts Naira: Dollar Exchange Rate to ₦380 for $1
The Central Bank of Nigeria has revised the Naira-Dollar exchange rate for one of its forex windows. A dollar is now being sold for ₦380 at the Investors and Exporters (I & E) window of the country’s foreign exchange markets. The new regime replaces the previously existing rate of ₦360/$1. Read more about Business In […]
Godwin Emefiele Will Be Getting a Second Term as CBN Governor
Godwin Emefiele will remain in his current role as Governor of the Central Bank of Nigeria. News of this got out on Thursday, putting an end to months of speculation over his possible successors upon the expiration of his first term this year. Emefiele’s re-appointment also breaks with a long tradition which has seen previous […]
How Nigeria’s Banks Are Responding To The Fintech Revolution
Nigeria’s fintech bosses aren’t making any bold statements about disrupting the existing banking system. They often speak of being alternatives to the big financial service providers or collaborating with these established institutions. When they’re on conference panels together, commercial bank CEOs and fintech startup founders talk of joining forces to usher in a new age […]
2018 ANFIFC: First Bank Emerge Winners
First Bank Nigeria has emerged champions of the 2018 All Nigeria Financial Institutions Football Competition (ANFIFC), after they edged the Securities and Exchange Commissions (SEC), 4-2 in penalties, at the final showdown in Ibadan. Both teams were determined to prove themselves not just the better football team, but, also the better financial institution, as they […]
CBN Announces Takeover of Skye Bank By Polaris Bank
The Central Bank of Nigeria has announced that it has revoked the operating license of Skye Bank, one of the country’s major commercial banks. This was disclosed by the CBN Governor Godwin Emefiele, at a press briefing held in Lagos on Friday. Mr. Emefiele also revealed that the assets and liabilities of Skye bank were […]
CBN Cashless Card Expo 2015 to Hold This June
Are you a stakeholder in the Nigerian Card and Mobile Payment industry? The organiser of the Card Expo 2015 cordially invites you to attend its upcoming event. Intermarc Consulting Limited will host the 15th edition of Africa’s most anticipated Card Expo 2015 Conference and Exhibition with special focus on Card, Mobile, Identification and Payment. The […]
Unveiling of the Commemorative 100 Naira Banknote Happens Today, Nov. 5th 2014
Ibrahim Mu’azu, CBN’s Director, Corporate Communications released a statement on Monday saying that the choice of the 100 Naira denomination was part of CBN’s contribution to the centenary celebration. The unveiling ceremony will start off with a brief presentation by the CBN Governor, Mr. Godwin Emefiele, giving detailed information on the aesthetic and security features […]
F.G Marks N220 Billion for MSMEs
To boost production, create jobs, reduce poverty and ensure inclusive economic growth and development in the country, the Central Bank of Nigeria, CBN, has signed a Memorandum of Understanding, MoU with the 36 State governments on “MSMEs Development Fund’’. Micro, Small and Medium Enterprises, MSMEs, the CBN says can drive Nigeria’s economy if adequately […]
New CBN Governor Redeploys Deputy Governors
The newly appointed Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele, has redeployed the Deputy Governors in the bank. According to the bank, the exercise is to realign his vision of entrenching a more professional and people-focused Central Bank. With the new changes, Suleiman Barau, who was the Deputy Governor, Corporate Services […]
Godwin Emefiele Resumes as CBN Governor, Unveils its 10 Point Agenda
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 […]
Senate Confirms Zenith Bank’s Godwin Emefiele as CBN Governor
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 […]
Godwin Emefiele, Zenith Bank MD, Appointed New Central Bank Governor
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 […]