the affected institutions listed on the CBN website failed to comply with regulations, including the “payment of all necessary fees, including license renewal, within the stipulated period in line with the Guidelines.”
Read More
“Do more enlightenment on this matter. I, for one, cannot tell the actual intentions of the government. We should be made to actually understand why the relocation of the CBN and FAAN offices back to Lagos,”
Read More
The Nigerian Senate erupted in a rowdy session on Wednesday over the plan by the Central Bank of Nigeria to redesign the national legal tender. As senators deliberated a motion on the Naira Redesign Policy of the Central Bank of Nigeria, moved by the Chairman of Senate Committee on Banking, Insurance and other Financial Institutions, Senator Uba Sani. Sani, in the prayers to his motion, urged the Senate to provide legislative support for the policy. He also wants the Senate to mandate his committee to embark on aggressive oversight on…
Read More
Mike Ozekhome’s Chambers, lawyers to the Governor of Central Bank of Nigeria, Godwin Emefiele, said the banker aspires to become Nigeria’s president and participate as a candidate in the 2023 presidential election. A lawyer from the chambers, Maliki Sylvanus, disclosed this in an affidavit in support of Emefiele’s originating summons filed before a Federal High Court, Abuja Division and marked FHC/ABJ/CS/610/2022. This is contrary to Emefiele’s claim on Friday that he is still waiting on God to take a decision on the matter. In the four-page affidavit, Sylvanus, a senior…
Read More
Godwin Emefiele, Governor of Nigeria’s Central Bank says he is awaiting directives from God before he would declare his intention to run for the office of the President of Nigeria in the 2023 general elections. Mr. Emefiele made this known in a series of tweets on his official Tweeter handle @GodwinIEmefiele while reacting to the reported purchase of the All Progressives Congress Presidential Nomination form for him by a group of farmers and friends. Read his tweet below: I am humbled by the growing interest of those asking that I…
Read More
The Board of Directors of Fidelity Bank Plc has announced the appointment of Alhaji Isa Mohammed Inuwa as an Independent Non-Executive Director of the Bank and has notified the Nigerian Stock Exchange (NSE) of the appointment, which has been approved by the Central Bank of Nigeria (CBN) and took effect from January 22, 2020. Alhaji Inuwa joins the versatile Board of Fidelity Bank that is chaired by Mr. Ernest Ebi, a former Deputy Governor of the CBN, and comes with a wealth of multi-industry experience spanning over 35 years in…
Read More
The House of Representatives Committee on Emergency and Disaster Preparedness has directed the Central Bank of Nigeria (CBN), the office of the Accountant General of the Federation, the Ministry of Finance and other relevant parties to furnish the committee with all transaction details of N5. 6 billion funds released to four companies in relation to the Emergency Food Programme in the North East. The committee made this demand after another investigative session on the alleged breach of trust by National Emergency Management Agency (NEMA) at the National Assembly. According to…
Read More