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Tag Archives: cbn

Illegal charges 2015: banks refund N6.2bn —CBN

The Central Bank of Nigeria (CBN), said it compelled Deposit Money Banks (DMBs), to refund N6.2 billion to customers they over charged as cost of transactions in 2015 alone.

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57 million Nigerians now have access to financial services-CBN

he Bankers Committee of the Central Bank of Nigeria (CBN) on Thursday said 57 million Nigerians, which represents 66 per cent of the population, now have access to financial services.

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$14bn: CBN assures Dangote Group of FOREX support

The Central Bank of Nigeria (CBN) has said that it would assist the Dangote Group to access foreign exchange to facilitate its 14 billion dollar refinery project.

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EXCLUSIVE: 2015 Polls: How Jonathan govt. used bullion vans to cart away N67.2bn cash from CBN

Former President Goodluck Jonathan authorised the withdrawal of a whopping N67.2 billion in cash money from the Central Bank of Nigeria between November 2014 and February 2015 for “special services,” PREMIUM TIMES can authoritatively report today. The two cash withdrawals were made in the build up to the 2015 general elections. Our sources said even more ‘curious’ large withdrawals were …

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Buhari vs Jonathan: Beyond The Election, By Chukwuma Charles Soludo

I need to preface this article with a few clarifications. I have taken a long sabbatical leave from partisan politics, and it is real fun watching the drama from the balcony.  Having had my own share of public service (I do not need a job from government), I now devote my time and energy in pursuit of other passions, especially …

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New N100 Notes goes into circulation on Friday

The Central Bank of Nigeria (CBN) says the commemorative N100 banknote that was recently unveiled by President, Goodluck Jonathan will go into circulation from Friday, December 19. A statement from the CBN said the new note would be launched by the Godwin Emefiele, CBN governor, at a ceremony in Abuja on Friday and would be immediately followed by a simultaneous …

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Shake-up in CBN, Emefiele redeploys deputy governors

The Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, on Wednesday began the reorganisation of the institution with the redeployment of the deputy governors of the bank. The development was confirmed in a statement issued by Mr. Isaac Okoroafor of the Corporate Communications Department of the CBN. The statement stated that with the changes, the Deputy Governor, Corporate …

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Shocker! CBN makes money from dirty naira notes in circulation

Nigerians may continue to spend dirty and mutilated notes if findings by Saturday Punch are anything to go by. Nigeria’s currency, the Naira, in all its denominations, has been severely mutilated, overused and over-circulated such that it has become an issue of luck to come across a clean note.

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Biometric registration of bank customers starts in Lagos

The $50 million Biometric Solution project instituted by the Central Bank of Nigeria (CBN) and the Bankers’ Committee kicked off yesterday in Lagos. The exercise, which would provide central database for all bank customers across the country, was launched by the CBN Governor, Sanusi Lamido Sanusi.

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