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All posts tagged "bank of nigeria"

  • CBN begins second phase cashless policy July 1

    The Central Bank of Nigeria (CBN) has affirmed that the second phase of the cashless initiative will begin July 1, 2013. Deputy Governor, Operations, CBN, Mr. Tunde Lemo, confirmed this weekend, saying that the planned extension of...

    • Posted May 14, 2013
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  • All records of our transactions are intact – CBN

    The Central Bank of Nigeria,CBN, has denied reports in some sections of the media that it destroys documents and records of certain transactions after five years. A statement signed by CBN spokesman Ugochukwu Okoroafor, said “The attention...

    • Posted May 12, 2013
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  • FBN Holdings grows profit, pays N1 dividend

    First Bank of Nigeria Holdings Plc on Tuesday announced a profit before tax of N92.7 billion for the financial year ended Dec.31, 2012. In a press statement issued in Lagos, the company said the profit before tax...

    • Posted May 2, 2013
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  • Naira remains firm against dollar at WDAS

    The Naira on Wednesday remained firm against the dollar at the Central Bank of Nigeria (CBN’s) biweekly Wholesale Dutch Auction System (WDAS). The apex bank disclosed this on its Website after the conclusion of the auction. It...

    • Posted April 25, 2013
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  • AMCON is Succeeding, Says Sanusi

    Contrary to the suggestion by the International Monetary Fund (IMF) that the Asset Management Corporation of Nigeria (AMCON) should wind down its operations, the Governor of the Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi, has...

    • Posted April 23, 2013
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  • N5, N10, N20, N50 paper notes coming, says CBN

    OLYMER notes – the glossy currency notes launched on September 30, 2009 by the late President Umaru Musa Yar’Adua to mark Nigeria’s 49th Independence anniversary – are to be withdrawn from circulation. The notes were introduced by...

    • Posted April 22, 2013
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  • CBN to change polymer naira notes to paper

    The Central Bank of Nigeria has stopped the printing of small denomination naira notes in polymer because they fade quickly. The Deputy Governor,  CBN, Mr. Tunde Lemo, disclosed this in an interview with theNews Agency of Nigeria on...

    • Posted April 22, 2013
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  • CBN Governor to speak at Abia Youth Empowerment Summit

    The government and people of Abia state will on Wednesday, April 24 2013 play host to thousands of youth in the first ever Abia Youth Empowerment Summit, tagged A-YES. According to a statement by the Commissioner for...

    • Posted April 19, 2013
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  • Nigeria earns N599bn from crude, FG overspends by N178bn

    Central Bank of Nigeria, CBN, yesterday, said the country earned N599 billion from crude oil in January, while Federal Government overspent its budget by N178 billion in the same month. The apex bank disclosed this in its...

    • Posted April 16, 2013
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  • Succession Tussle Hits Access Bank, As Aig-Imoukhuede Retires

    A succession tussle over who takes over the helms of affairs when the current Group Managing Director, Aigboje Aig-Imoukhuede, retires at the end of this year, is currently brewing at Access Bank Plc. Aig-Imoukhuede had told shareholders...

    • Posted April 15, 2013
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