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All posts tagged "Central Bank of Nigeria"

  • CBN expresses worry over N11.7b spent yearly to import tinned tomato

    The Central Bank of Nigeria (CBN) has expressed dismay over a whooping N11.7 billion spent annually to import processed tomato paste on a yearly basis by the Nigerian government. CBN Governor, Mallam Lamido Sanusi noted this Tuesday...

    • Posted July 3, 2013
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  • Failure to declare money above $10,000 punishable – Central Bank

    Central Bank of Nigeria, CBN, weekend, cleared the wrong notion that any person travelling outside or coming into the country cannot carry above $10,000, saying it was a misinterpretation and misapplication of the provision of the Money...

    • Posted July 1, 2013
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  • Nigeria reserves drop to $48.33bn

    Nigeria’s foreign exchange reserves dropped by 0.16 percent month-on-month to $48.33 billion by June 24, the lowest level in more than three months, data from the Central Bank of Nigeria, CBN, showed yesterday. The reserves, however, were...

    • Posted June 28, 2013
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  • Reps urge CBN to implement cashless policy in phases

    HOUSE of Representatives, yesterday, mandated Central Bank of Nigeria, CBN, to implement the cashless policy introduced in the country in phases. The motion, promoted by 53 lawmakers, is entitled Need for Central Bank of Nigeria to Implement...

    • Posted June 28, 2013
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  • Keystone Bank targets 15% loan book growth in 2013

    THE management of Keystone Bank Limited, at the weekend, projected a modest 15 per cent growth in loan book this financial year. The bank also intends to improve in other key financial indicators such as profit and...

    • Posted June 25, 2013
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  • Union Bank’s shareholders demand better performance

    Shareholders of Union Bank Plc have demanded improved performance from the board and staff of the bank, even as the board promised to address all the problems confronting the bank. At the 44thAnnual General Meeting of the...

    • Posted June 24, 2013
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  • Effective e-payment system critical to banking services – Sanusi

    Governor of the Central Bank of Nigeria (CBN), Malam Sanusi Lamido Sanusi, CON, has maintained that effective e-payment system was critical to banking services in the country. Speaking in Lagos during the  keynote address at the CBN/Gartner...

    • Posted May 24, 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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  • Reps query CBN for renovating office with N2.8billion

    The Public Accounts Committee of the House of Representatives on Tuesday queried several expenditure incurred by the Central Bank of Nigeria totalling N4.7bn, especially the renovation of its Port Harcourt branch with N2.8bn. The committee, which is...

    • Posted May 8, 2013
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  • Enterprise Bank records N40bn gross earnings

    Enterprise Bank Limited became the first among the bridged banks to make public its financial reports as it revealed that its gross earnings increased significantly to N40.4billion as at December 2012,  compared to the N10.5 billion achieved...

    • Posted April 30, 2013
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