Economy

Africa: Effective Collaboration, United Voice, Keys to Prosperity – Tinubu

Web News 3 August 2024 193 0

By Linus Okpeh President Bola Tinubu has called on African countries to evolve effective collaboration and speak with one voice in leveraging on the continent’s potential to address endemic poverty, unemployment and other developmental challenges. President Tinubu was speaking in a Continue Reading

Economy

Cardoso, Son of the 1st AG of the Federation

Web News 18 September 2023 438 0

By Olaitan Oye-Adeitan His may not have been a name that rings a bell in the Nation though he had held and occupied high ranking positions, making indelible impacts. But on Friday, 15th September, 2023, he came into lime light, upon his nomination by President Bola Ahmed-Tinubu as Governor of the  Central Bank of Nigeria, […]Continue Reading

Crime

Embattled Former CBN Governor Appears in Court Tuesday

Web News 22 July 2023 355 0

The suspended Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele is expected to be formally arraigned on Tuesday, July 25, 2023 for alleged possession of gun and ammunition. Emefiele will appear before the Federal High Court, Lagos on a on a two-count charge of unlawful possession of a pump action rifle and […]Continue Reading

Economy

Travails of Bank Customers as Queue Persists for Cash

Web News 20 March 2023 447 0

By Olaitan Oye-Adeitan There appears to be no end in sight yet to the daily struggle for naira notes by Nigerians who spend almost the whole day in Banks. It’s almost two months now that Nigerians have been grappling to withdraw cash from their bank accounts but encountering different tales and disappointments on a daily […]Continue Reading

Economy

Ondo Residents Express Divergent Views on Old N200 Notes

Web News 16 February 2023 519 0

Some residents of Akure, the Ondo State capital want the Federal Government and the Central Bank of Nigeria to comply totally with the Supreme Court order rather than dance around it. Reacting to President Muhammadu Buhari’s national broadcast, the residents, who spoke with Radio at FUTA North gate area, insisted that returning only the old […]Continue Reading

Economy

Naira Policy: Lawmaker Lauds FG on Extension of Deadline

Web News 16 February 2023 344 0

The Chief Whip of the Osun State House of Assembly, Hon Tunde Olatunji has called for caution in the implementation of the naira redesign policy by the Central Bank of Nigeria, CBN, in order not to crash the economy. Hon Olatunji, who is a financial expert, stressed that the apex bank could not sterilize currency […]Continue Reading

Economy

New naira: No bank will collapse – CIBN

Web News 13 February 2023 387 0

The Chartered Institute of Bankers of Nigeria has reiterated the statement of the Central Bank of Nigeria reassuring Nigerians that the banking sector in the country remains very sound and safe. The institute spoke through its President, Ken Okpara. CIBN disclosed the soundness of the banking industry has been reaffirmed severally by the Central Bank […]Continue Reading

Economy

CBN Officials Deliberate over Naira Lingering Crisis Monday

Web News 12 February 2023 392 0

As the uncertainties over the old naira notes linger, top officials of the apex bank, the Central Bank of Nigeria, CBN are to meet on Monday to review the crisis that the naira redesign programme has generated and come up with solutions to the acute cash crunch that has nearly paralysed the country. Sources say […]Continue Reading

Economy

Banks to pay 1m per day for refusing new naira notes – CBN

Web News 24 January 2023 471 0

By Adenitan Akinola The Central Bank of Nigeria, CBN, is to impose a one million naira fine on commercial banks per day for each box of new naira notes they refused to pick and disburse to their customers ahead of Tuesday next week’s deadline.  The CBN Deputy Director in charge of Research, Mr Adeleke Adelokun […]Continue Reading

Economy

Naira Notes: Report banks whose ATMs dispense old notes – CBN

Web News 23 January 2023 546 0

By Oluwatoyin Adegoke Ahead of the deadline announced by the Central Bank of Nigeria, CBN, for the mopping up of old naira notes, mixed reactions have continued to trail the process. A number of people who spoke with Radio Nigeria in Ogun State expressed concern about the time-frame as the an end of old notes […]Continue Reading

Economy

Banks Fight New Naira Shortage Ahead Deadline

Web News 23 January 2023 411 0

Eight days to the January 31 deadline set by the Central Bank of Nigeria, CBN, to stop the old N1,000, N500, and N200 notes from being legal tender, banks’  Automated Teller Machines in Ibadan and its environment are still dispensing the old notes, findings by Radio Nigeria have revealed. Despite the apex bank and depositing […]Continue Reading

Economy

CBN Takes Sensitization on New Naira Notes to Markets

Web News 19 January 2023 406 0

The Central Bank of Nigeria, CBN, has commenced sensitization of market women and traders in Akure on the new naira notes. The acting Branch Controller of CBN in Ondo State, Mr Giwa Ademola enjoined traders not to reject the new naira notes following reports that some traders were insisting on old notes in a bid to avoid fakes of […]Continue Reading

Economy

Nigerians React to New CBN Monetary Policy

Web News 7 December 2022 609 0

Reactions have continued to trail the new monetary policy of the Central Bank of Nigeria limiting over-the-counter cash withdrawals to 100 thousand naira per week.  The policy according to CBN takes effect nationwide on January 9, 2023. The issue has generated divergent opinions as some residents of Ibadan expressed their concerns. A POS operator, Miss Tobi […]Continue Reading

Agriculture

Agricultural sector can take care of Nigeria’s needs if properly harnessed – Expert

Web News 19 November 2022 1132 0

Key players in the agricultural sector have identified the need for more Nigerians, especially the youths to tap into the lucrative prospect of the sector’s value chain in their bid to boost wealth creation. They made the submission as discussants at an Agro-allied exhibition, organized in Abeokuta by the Ogun State Ministry of Agriculture as […]Continue Reading

Economy

CBN Sensitizes Public on Monetary, Exchange-Rate Policy

Web News 7 April 2022 433 0

The Central Bank of Nigeria has sensitized the public on the effective and transparent implementation of monetary and exchange rate policy. The sensitization programme was carried out continuously in Akure, Ondo State and Ibadan, Oyo State, capital via zoom meeting. Stakeholders at the sensitization programme included market men and women, farmers, and corps members. Continue Reading

Lifestyle

Kazeeem Olatunde Akintunde Passes On

Web News 26 May 2021 2530 0

The death has been announced of Mr Kazeem Olatunde Akintunde of the Central Bank of Nigeria, CBN, Abeokuta. Mr Akintunde died during a brief illness. According to a family source, he would be buried on Wednesday 26th of May, 2021 by 2pm in line with Islamic rites at No 10 Mobolaji Quarters, Irepodun Estate, Ajanla, off […]Continue Reading

Politics

INEC Distributes Election Materials in Ondo

Web News 9 October 2020 616 0

Sensitive materials for tomorrow’s governorship election in Ondo state have been distributed to the eighteen local government areas in readiness for the election. The distribution was done at the Central Bank of Nigeria Office in Akure, the state capital under strict surveillance of security personnel, INEC officials and party agents The Director, electoral operations, Continue Reading

News

Ondo 2020: INEC Solicits Obas’ Support, Says Sensitive Materials in CBN

Web News 24 September 2020 516 0

Seeking the support of Ondo State traditional rulers towards the maintenance of peace by the relevant authorities has become imperative particularly now that the state is set for governorship election comes October 10th, 2020.  Chairman, Independence National Electoral Commission, INEC, Professor Mammud Yakubu made the remark while addressing Ondo State obas during an Continue Reading

News Analysis

Reviving the National Theatre through CBN Intervention Programme

Web News 16 August 2020 945 0

President Muhammadu Buhari has formally handed over the National Theatre Complex, Iganmu Lagos, to the Central Bank of Nigeria, CBN, and the bankers committee for restoration and redevelopment. According to the governor of CBN, Mr. Godwin Emefiele, the scope of the intended project, which will be completed within eighteen months, is capable of generating over […]Continue Reading

News Analysis

Stimulating Wealth Generation through National Youth Fund

Web News 7 August 2020 754 0

Recently, President Muhammadu Buhari approved the establishment of the Nigeria Youth Investment Fund, NYIF. The fund in tune of seventy five billion naira for three years is for innovative ideas, skills and talent of Nigerian youth to provide a special window for accessing funds, finances, business management skills and other inputs critical for sustainable enterprise. Continue Reading

Politics

Oyo Assembly Approves State Govt. Loan Request

Web News 19 May 2020 778 0

The Oyo State House of Assembly has approved the request of Governor Seyi Makinde to access N20 billion contractor financing loan facility from the First Bank of Nigeria Plc. The House also okayed the request of the governor to access another N2.5bn Central Bank of Nigeria credit support intervention fund for the health sector in […]Continue Reading

News Analysis

On the Bill to Criminalise Casualization of Workers

Web News 24 February 2020 803 0

Casualisation is the practice of employing temporary staff for short periods rather than making them permanent staff. Under the arrangement, the worker is not entitled to any entitlements such as transportation, leave, medical allowances or any special benefits package. Besides, the worker’s take-home pay is so miserable that it can hardly take him home. According […]Continue Reading

Economy

No Loans for People, Organisations without Proper Records – CBN

Web News 17 February 2020 694 0

The Central Bank of Nigeria, CBN, says the Apex bank will not lend money to any individual or organization without a proper book keeping method to reflect financial records. The Director, Corporate Affairs of the CBN, Mr. Isaac Okorafor, stated this at a fair held in Asaba the Delta State capital with the theme: Promoting […]Continue Reading

Crime

EFCC Declares Ex-CBN Staff Wanted

Web News 8 October 2019 799 0

The Economic and Financial Crimes Commission, EFCC, has declared a former staff of a commercial Bank, Mayowa Onabanjo wanted for his involvement in the over twelve-billion-Naira scam at the Ibadan Branch of Central Bank of Nigeria, CBN. A statement from Director of Public Affairs, EFCC Ibadan Zone Mr. Jide Jegede says the suspect who had […]Continue Reading