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Tag Archives: cbn

FOREX: CBN Releases Another $180m

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The Central Bank of Nigeria (CBN) has offered additional 180 million dollars to meet bids for wholesale auction and requests for Invisibles such as medicals, school fees and personal travel allowances valued at 80 million dollars through the inter-bank window. ...

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CBN Says, “No Bank In Nigeria Is In Distress”

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The Central Bank of Nigeria has discredited claims that some banks in Nigeria are distressed. In a statement signed by its acting Director of Corporate Communications, Isaac Okorafor and released today July 6th, the apex bank stated that neither Skye ...

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Banks To Demand BVN From Today

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Hey guys, you all have your BVNs, right? Well, if you don’t, it’s nothing to worry about. You can still do it today or tomorrow just that you can’t carry out any banking transactions, no matter the emergency you may ...

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BVN DEADLINE: 26Million Bank Accounts To Be Frozen

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With less than 1 day to the deadline for Bank Verification Number, BVN, about 26 million account holders still haven’t  registered to protect their money. The Central Bank of Nigeria, CBN, has said no extension would be granted after the deadline expires and customers who still haven’t registered ...

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States To Repay Bailout Loans From Allocations

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It has been revealed that the bailout package being prepared by the Central Bank of Nigeria for the 36 states of the federation is to be deducted from their statutory allocations. On Monday revealed that some state governors had started ...

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Naira Drops To 241 Against The Dollar

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The naira hit another record low of 241 against the dollar at the parallel market on Monday as the Central Bank of Nigeria’s restrictions on foreign exchange sale fuelled unofficial trade in dollars, Reuters reported. The ban on importers from ...

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Former Manager Of Hallmark Bank Goes On Hunger Strike

Olubiyi Odunaro is a 53-year-old former employee of Hallmark Bank Plc. He is embarking on a hunger strike to protest the non-payment of his terminal benefit. The ex-banker has turned a garden on Mobolaji Bank-Anthony Way, Lagos into his new ...

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Bye Bye! N5000 Note

President Goodluck Jonathan on Thursday finally bowed to pressure as he directed the Governor, Central Bank of Nigeria, Mallam Lamido Sanusi, to suspend the planned introduction of N5,000 note. The Special Adviser to the President on Media, Dr. Reuben Abati, ...

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FG Says No Going Back on N5000 Note

The Federal Government, yesterday, disregarded criticisms against the introduction of N5,000 note  in the country, insisting that there was no going back on the decision. Minister of Information, Mr Labaran Maku, conveyed government’s position on the issues, Tuesday night in ...

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Senate and House of Reps do not Support the N5,000 Note

The Senate and the House of Representatives joined forces, yesterday, as they resumed from their two-month recess and asked President Goodluck Jonathan to stop the Central Bank of Nigeria, CBN, Governor, Mallam Sanusi Lamido Sanusi from going ahead with the ...

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CBN Plan Coin-Dispensing ATMs for Nigerians

Some Nigerians have advised that the Central Bank of Nigeria (CBN) should encourage Nigerians to spend coins. CBN has said it would facilitate the introduction of Automated Teller Machines (ATMs) that could dispense coins to encourage Nigerians in imbibing the habit of spending ...

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