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Tag Archives: CBN

CBN to monitor banks’ lending to politicians ahead of 2019 elections

CBN Governor, Mr. Godwin Emefiele

The Central Bank of Nigeria on Thursday said it would monitor the rate at which banks provide loans to politicians to finance their campaign spending ahead of the 2019 general elections. The Governor of the CBN, Mr Godwin Emefiele, disclosed this while briefing journalists shortly after a two-day Monetary Policy …

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Economy may slip back into recession – CBN

CBN Governor, Mr. Godwin Emefiele

The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday warned that weak economic fundamentals currently being shown by the economy were putting the country’s exit from recession under threat. The Nigerian economy exited recession in 2017 after suffering contraction for five consecutive quarters. Addressing journalists shortly after …

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Those who abuse the naira risk imprisonment, fine – CBN Governor

The Central Bank of Nigeria (CBN) has decried the growing abuse of the naira through squeezing, selling, spraying at parties and trampling upon while dancing at parties. The apex bank also decried the hoarding of the national legal tender — especially new notes — by some individuals. The CBN Governor, …

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Illegal deductions: N65bn returned to bank customers by CBN

CBN Governor, Mr. Godwin Emefiele

The Central Bank of Nigeria (CBN) says it has recovered over N65bn from commercial banks in the country for wrongful deductions and charges from customers’ deposits and other transactions in the last six years. The Acting Director, Corporate Communications, CBN, Mr Isaac Okorafor, stated this on Wednesday on the sidelines …

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Buhari appoints 4 non-executive directors for CBN

Buhari

President Muhammadu Buhari on Friday approved the appointment of four non-executive directors for the Central Bank of Nigeria. The Permanent Secretary (General Services Office), Office of the Secretary to the Government of the Federation, Olusegun Adekunle, disclosed this in a statement made available to NEWSTIMES. According to the statement, the …

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Retired CBN Asst. Director in court for alleged N7m fraud

gravel

A retired Assistant Director of Central Bank of Nigeria (CBN), Ebere Ucheagwu, was on Thursday arraigned in an FCT High Court, Maitama, for allegedly obtaining N7 million unpaid legal services. Ucheagwu was arraigned along his company, Agro-biz Contech Nigeria Limited, on a two-count charge bordering on obtaining and issuance of …

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Buhari appoints new CBN deputy gov.

BUHARI

  President Muhammadu Buhari has approved the nomination of Mr. Folashodun Adebisi Shonubi as Deputy Governor of the Central Bank of Nigeria (CBN). In a statement made available to newsmen on Friday, the Senior Special Assistant to the President on Media and Publicity, Malam Garba Shehu said the approval was …

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