All posts tagged "CBN"

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  CBN Dep Gov Laments Nigeria’s Poverty Level

  Deputy Governor, Operations of Central Bank of Nigeria (CBN), Mr. Tunde Lemo, has warned that if the level of poverty ravaging Nigeria today was not tackled, the country would become a failed state. Lemo gave this warning...

  • Posted April 28, 2011
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  Banks risk exclusion from automated clearing

  The Central Bank of Nigeria (CBN) yesterday set end of June as deadline for full compliance to the proposal for the implementation of uniform customer bank account numbering system in the country.   By that date, only...

  • Posted April 28, 2011
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• MAN Advocates Real Sector Financing

  The Manufacturers Association of Nigeria (MAN) has called on the apex bank to make funds available for manufacturing outfits that have performing loans with banks in the country. The Chairman, MAN Apapa Branch, Mr. John Aluya, explained...

  • Posted April 26, 2011
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  Central Bank may sack staff

  Lamido Sanusi, the CBN Governor has stated that some officials whose responsibility it was to raise the flag when things were going wrong in the banks cannot be absolved from blame for the crisis that eventually overwhelmed...

  • Posted April 23, 2011
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  Central Bank to curb currency speculation

  As part of efforts to reduce pressure on the naira, the Central Bank of Nigeria (CBN) will today commence the sale of foreign exchange forwards. The sale was supposed to have commenced last Tuesday but had to...

  • Posted April 23, 2011
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  CBN seeks creation of financial Ombudsman, others

  The House of Representatives, the Central Bank of Nigeria and other stakeholders in the financial sector have backed the establishment of the Office of the Nigerian Financial Ombudsman. Its duties are mainly to resolve “financial and related...

  • Posted April 21, 2011
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  CBN Forex Supply Forces Demand to Drop

  Concerned that the violence,  which erupted after Saturday’s Presidential election may push up demand for foreign exchange in the country, the Central Bank of Nigeria (CBN) Wednesday increased its supply of foreign exchange at the Wholesale Dutch...

  • Posted April 21, 2011
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  Corporation to pay N9.8b to defunct microbanks’ depositors

  Depositors of the 103 failed Micro Finance Banks (MFBs) whose licences were revoked by the Federal Government are to be paid about N9.8 billion by the Nigeria Deposit Insurance Corporation (NDIC). Beneficiaries numbering 731,000 in 91 out...

  • Posted April 21, 2011
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  CBN releases revised reference codes for MFBsCBN releases revised reference codes for MFBs

  The Central Bank of Nigeria (CBN) has released revised list of codes for microfinance banks (MFBs) for the electronic rendition of returns. According to a release on the apex bank’s website and signed by the Director, Other...

  • Posted April 19, 2011
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  Inflation Rises to 12.8% on Political Spending

  Inflation rate in Nigeria rose to 12.8 percent year-on-year in March 2011, higher than the 11.1 per cent recorded the previous month, the National Bureau of Statistics (NBS) has said. Most analysts attributed the development to heavy...

  • Posted April 19, 2011
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