YouNewsng Discover. Succeed. Enjoy
Former Governor, Central Bank of Nigeria, Godwin Emefiele is verily embattled,. Just as he is stepping out of detention, he is set for another battle. This time he is trying to wiggle out of several monumental allegations by Tinubu’s Special Investigator. He has said the Naira redesign programme was approved by former President Mohammadu Buhari. And he said : “I ...
December, 2023
January, 2016
-
25 January
Dangote Ready For N414B Lekki Refinery, Gets CBN Support
The Central Bank of Nigeria (CBN) has assured Dangote Group that it will support it to access Foreign Exchange to build its proposed N414 billion refinery in the country. The Governor of CBN, Mr Godwin Emefiele, gave the assurance during his tour of the refinery which is projected to refine 650,000 barrels of crude oil per day. Emefiele said the support ...
December, 2015
-
9 December
To Curb Inflation We Will Re-introduce Coins – CBN
The Central Bank of Nigeria(CBN) has disclosed that it plans to reintroduce coins currency into circulation to reduce high cost of goods and services in the country. The Head, External Communications, Corporate Communication Department, CBN, Mr Isaac A. Okorafor who stated this in Ilorin on Tuesday during the interactive session with farmer associations, businessmen and women said the apex bank ...
November, 2015
-
23 November
“39.5 Million Nigerians Are Excluded From Financial Services” – CBN
The Central Bank of Nigeria, CBN, has maintained that about 39.5 million Nigerians were excluded from the financial services system including insurance services, pension and banking services. The apex bank said greater numbers of persons were excluded from insurance and pension services. A representative of CBN at the micro insurance fair recently held in Lagos, Olayinka Peters from the Financial Inclusion ...
-
23 November
CBN Gives Three Commercial Banks June 2016 Deadline to Recapitalize
The Central Bank of Nigeria, CBN, has given three commercial banks until June 2016 to recapitalize after they failed to meet the minimum Capital Adequacy Ratio (CAR) of 10 per cent. The Apex bank explained over weekend, that 14 banks have licenses to operate as regional and national lenders with respective capital bases of N10 billion ($50 million) and N25 ...
-
23 November
CBN Saves $300million From Bureau-de-Change Demand For BVN
Central Bank of Nigeria’s mandate that all transactions by any Bureau De Change (BDC) in the country must be accompanied by the Bank Verification Number, BVN of the customer, has saved Nigeria $300 million. According to the governor of the CBN, Godwin Emefiele, the requirement of BVN for transactions has cut down the number of BDCs that request for forex transaction ...
August, 2015
-
18 August
From 245 To 217 Again Dollar, Naira Raises Hope, Excites Nigerians
The naira appreciated against the United States dollar at the parallel market on Monday to 217, from 221 recorded on Friday. The naira rose on the back of weak demand for the dollar at the foreign exchange markets. Forex traders linked this to an improved dollar liquidity occasioned by the sustained sales of the greenback by the Central Bank of ...
