Omodele Adigun, Uche Usim and Chinwendu Obienyi In a bid to increase access to financial services for the nation’s economically active poor, enhance job creation and reduce poverty, the Central Bank of Nigeria (CBN) has said that it will be targeting an increase in total micro-credits to at least 20 per cent by 2020. This was even as it […]
Following the kidnap and rescue of Mrs Margaret Emefiele, wife of the Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele, the CBN boss has expressed gratitude to President Muhammadu Buhari over his directives to the security operatives to rescue his wife within 24 hours. Emefiele gave his gratitude in a statement released in Abuja on […]
A former Governor, Central Bank of Nigeria, CBN, Prof. Charles Soludo, said, yesterday, that the economic recession Nigeria is experiencing was self inflicted, insisting that oil, for most part of the country, had been a curse. *Prof. Chukwuma Charles Soludo Soludo, in a key note address at Delta State Economic and Investment Summit, said the collapse […]
Is CBN really helping the economy? — 16th August 2016 Of the many policies that the Central Bank of Nigeria has made in recent months ostensibly to strengthen the banking sector, two really stand out for me: first is the approval given to Money Deposit Banks to write off their Non-Performing Loans this year for […]
$115m scandal: CBN officials storm Fidelity Bank — 4th May 2016 By Blaise Udunze OFFICIALS of the Compliance Unit of the Central Bank of Nigeria (CBN) on Tuesday afternoon, swooped on the headquarters of Fidelity Bank Plc, Lagos, as part of investigations into the $115 million transaction involving its Managing Director, Nnamdi Okonkwo, and former Petroleum Minister, […]
CBN disburses N16.4bn to farmers under ‘Anchor Borrowers’ scheme — 8th April 2016 …To offer accrued CRR funds to banks soon By Blaise Udunze THE Central Bank of Nigeria (CBN), Thursday, disclosed it has disbursed a total of N16.4billion to 78,000 farmers since the maiden launch of the Anchor Borrowers’ scheme in Kebbi State. Rising from the […]
Mudiaga Affe, Calabar Eighteen persons have been injured, while two others are on critical condition, after a gas cylinder exploded in the Central Bank of Nigeria’s office in Calabar, the Cross River State capital. The explosion, which happened at about 11am on Friday, shattered the CBN banking hall and caused traffic jam on roads around […]
By Dr. Jideofor Adibe / London, UK / February 12, 2016 reflection was inspired by the ‘crisis of confidence’ that currently surrounds the Central Bank Governor, Godwin Emefiele, over his continued stewardship of the apex bank following what we now call ‘Dasukigate’ and the massive depreciation in the value of the Naira at the Black or […]
Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele says the apex bank is evolving additional measures to boost the nation’s economy and stabilise the naira. Emefiele made the remark at an Interactive Session with Media Editors in Abuja. He declined to give details of the measures and modalities for their implementation. Don’t ask […]
By Soni Daniel, Northern Region Editor ABUJA — As investigation into the looting of funds meant for the acquisition of arms for the Nigerian armed forces continues, operatives of the Economic and Financial Crimes Commission, EFCC, are in a dilemma over what to do with the former Central Bank of Nigeria, CBN, Governor, Sanusi Lamido […]
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