Tag: Central bank of Nigeria


Gowon Denies UK Allegations Of Looting Half Of CBN

Former military Head of State, Yakubu Gowon, has dismissed claims that he carted away half of the money ...

‘My Tenure Expires In June’ – Emiefiele

Governor of the Central Bank of Nigeria, Godwin Emiefiele has denied speculations that he has been asked to ...

CBN Reintroduces Charges On Cash Deposits And Withdrawals

The Central Bank of Nigeria on Thursday announced that they have reintroduced bank charges on certain categories of ...

See What CBN Has Started

… Nigerians reacts CBN Governor, Godwin Emefiele has charged the Federal Government to tax Nigerians for every phone call ...

MMM Is Fraudulent, Don’t Invest In It, CBN Warns Nigerians

The Mavrodi Mondial Moneybox popularly called MMM, is a fraudulent scheme and should not be patronized by Nigerians, ...

CBN okays special forex for airlines, others

To rescue airlines, manufacturers and agricultural companies from foreign exchange scarcity, the Central Bank of Nigeria (CBN) has ...

CBN stops banks from sacking workers

  Central Bank of Nigeria (CBN) Director, Banking Supervision, Tokunbo Martins, told reporters after the Lagos meeting, that ...

Nigeria’ll Start Getting Out Of Recession In Q4, Says Emefiele

The Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, has predicted that the nation’s economy will ...

CBN Unveils Flexible Foreign Exchange

The Central Bank of Nigeria, CBN, on Wednesday formally unveiled the much-awaited flexible foreign exchange policy, saying it ...

GTB, Sterling Bank, Zenith Fined By CBN

The Central Bank of Nigeria has fined three Nigerian banks for a range of infractions committed in 2015. The United Bank for Africa, Guarantee Trust Bank, Sterling Bank and Zenith Bank have been fined N3.2 billion collectively. The United Bank for Africa was hit with the largest fine, having been ordered to pay N2.9 billion for eight regulatory infractions in 2015. Some of the infractions border on failure to comply with the Federal Government’s Treasury Single Account policy, failure to conduct due dilligence among others. Zenith Bank was fine N60.1 million for five offenses while GTB and Sterling Bank were fined N60 million and N13 million respectively.