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Tag Archives: CBN Nigeria

Customers shun other banks’ ATMs over N65 charge

Customers on Monday dumped the use of other banks’ Automated Teller Machines in a bid to avoid paying the newly introduced N65 ATM fee, which became effective that day. The Central Bank of Nigeria, in collaboration with the Bankers’ Committee, had on August 13, 2014 announced the introduction of the N65 service fee on cash withdrawals from other banks’ ATMs. …

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Boko Haram ‘funded through CBN’ —Australian negotiator reveals •Obsolete weapons hinder Nigerian military

IT was made known on Saturday that a large chunk of the funds used by the terrorist group, Boko Haram passes through the Central Bank of Nigeria (CBN), unknown to many officials. According to latest reports, this disclosure was made by an Australian, Dr Stephen Davis, who had close links with the terrorist group and had worked as a go-between …

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New CBN Governor, Emefiele set to resume office

The newly appointed Central Bank of Nigeria (CBN)’s Governor, Mr Godwin Emefiele, is ready to take over the driving seat of the apex bank tomorrow, an official, Abdullahi Isa has disclosed in a phone chat. Emefiele who was the former Managing Director of Zenith Bank was appointed by President Goodluck Jonathan in February, after the suspension of the former CBN’s …

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