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Threatens To Prosecute Website Owner, Olumide Oniwinde The Central Bank of Nigeria (CBN) Monetary Policy Committee has voted to retain its key lending rate at 11.5 per cent as the federal government continues to fight the disturbing inflationary trend that made Nigerians to pay more for goods and services in the country. The Committee also…
September 17, 2021
Dr Aniefiok Umoren, Zonal Coordinator, South-South and South-East, Development Finance Activities, Central Bank of Nigeria (CBN), says Small and Medium Scale Enterprises (SMEs) have the potential to reduce unemployment in the country. Umoren who disclosed this in a meeting organised in collaboration with the Cross River Government and the Chamber of Commerce in Calabar on…
August 19, 2021
The Central Bank of Nigeria (CBN) has gotten permission from the Federal High Court in Abuja to freeze 86 accounts of some companies and individuals over their alleged involvement in fraudulent foreign exchange (FOREX) activities. CBN says these activities are negatively affecting the value of the Naira. The request was filed by former Attorney-General of…
August 18, 2021
Naira Slides... Financial experts in the country have been reacting to the Central Bank of Nigeria (CBN) decision, banning the sales of forex to Bureau De Change (BDCs) operators and instead released a total of $200 million to all commercial banks operating in the country. The CBN's release is part of the effort to mitigate…
July 28, 2021
When in February, the Central Bank of Nigeria (CBN) directed banks and other financial institutions to cease transactions in cryptocurrencies and facilitating payment for cryptocurrency exchanges, several stakeholders raised concern about the directive. In the memo, dated February 5, the apex bank instructed banks and other financial institutions to identify individuals or entities that transact…
July 24, 2021
With more women moving into traditionally male-dominated industries and a rise of millennial women globally over the past decade, Nigerian women particularly have been taking a cue from the global trajectory as no fewer than eight women are now in the upper echelon of the banking sector in Nigeria, occupying positions that were hitherto reserved…
July 20, 2021
Mrs. Yemisi Edun has been confirmed as the substantive Managing Director/Chief Executive Officer of First City Monument Bank (FCMB), becoming the first female boss at the new generation bank. With the appointment, the bank's Board of Directors has finally eased out its former MD, Mr Adam Nuru, who was suspended in January over corporate governance…
July 13, 2021
The Lagos Zonal Office of the Economic and Financial Crimes Commission, EFCC, on Friday, arraigned one Mr Andrew Warri before Justice Sherifah Solebo of the Special Offences Court sitting in Ikeja, Lagos. Warri, who was arrested at the Lagos Airport, was arraigned on a seven count charge bordering on stealing, obtaining by false pretence, issuance…
June 26, 2021
In a marathon judgment, Justice Lateefat Okunnu of the Ikeja High Court sentenced Francis Atuche, a former Managing Director of the defunct Bank PHB (now Keystone Bank), to six years’ imprisonment for defrauding the bank of N25.7 billion. The judgment on Wednesday drew the curtains on the 10 year trial. In the 12-hour judgment, Justice…
June 17, 2021
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Threatens To Prosecute Website Owner, Olumide Oniwinde The Central Bank of Nigeria (CBN) Monetary Policy Committee has voted to retain its key lending rate at 11.5 per cent as the federal government continues to fight the disturbing inflationary trend that made Nigerians to pay more for goods and services in the country. The Committee also…
September 17, 2021
Dr Aniefiok Umoren, Zonal Coordinator, South-South and South-East, Development Finance Activities, Central Bank of Nigeria (CBN), says Small and Medium Scale Enterprises (SMEs) have the potential to reduce unemployment in the country. Umoren who disclosed this in a meeting organised in collaboration with the Cross River Government and the Chamber of Commerce in Calabar on…
August 19, 2021
The Central Bank of Nigeria (CBN) has gotten permission from the Federal High Court in Abuja to freeze 86 accounts of some companies and individuals over their alleged involvement in fraudulent foreign exchange (FOREX) activities. CBN says these activities are negatively affecting the value of the Naira. The request was filed by former Attorney-General of…
August 18, 2021
Naira Slides... Financial experts in the country have been reacting to the Central Bank of Nigeria (CBN) decision, banning the sales of forex to Bureau De Change (BDCs) operators and instead released a total of $200 million to all commercial banks operating in the country. The CBN's release is part of the effort to mitigate…
July 28, 2021
When in February, the Central Bank of Nigeria (CBN) directed banks and other financial institutions to cease transactions in cryptocurrencies and facilitating payment for cryptocurrency exchanges, several stakeholders raised concern about the directive. In the memo, dated February 5, the apex bank instructed banks and other financial institutions to identify individuals or entities that transact…
July 24, 2021
With more women moving into traditionally male-dominated industries and a rise of millennial women globally over the past decade, Nigerian women particularly have been taking a cue from the global trajectory as no fewer than eight women are now in the upper echelon of the banking sector in Nigeria, occupying positions that were hitherto reserved…
July 20, 2021
Mrs. Yemisi Edun has been confirmed as the substantive Managing Director/Chief Executive Officer of First City Monument Bank (FCMB), becoming the first female boss at the new generation bank. With the appointment, the bank's Board of Directors has finally eased out its former MD, Mr Adam Nuru, who was suspended in January over corporate governance…
July 13, 2021
The Lagos Zonal Office of the Economic and Financial Crimes Commission, EFCC, on Friday, arraigned one Mr Andrew Warri before Justice Sherifah Solebo of the Special Offences Court sitting in Ikeja, Lagos. Warri, who was arrested at the Lagos Airport, was arraigned on a seven count charge bordering on stealing, obtaining by false pretence, issuance…
June 26, 2021
In a marathon judgment, Justice Lateefat Okunnu of the Ikeja High Court sentenced Francis Atuche, a former Managing Director of the defunct Bank PHB (now Keystone Bank), to six years’ imprisonment for defrauding the bank of N25.7 billion. The judgment on Wednesday drew the curtains on the 10 year trial. In the 12-hour judgment, Justice…
June 17, 2021
