... Seeking the Truth in Facts
Nike Popoola The Central Bank of Nigeria has said that there are clearly spelt out procedures for accessing its intervention funds, which are disbursed through Participating Financial Institutions, such as Deposit Money Banks, Development Finance Institutions and microfinance banks. It stated that its attention Read More …
The Central Bank of Nigeria (CBN) has warned Nigerians against fraudulent messages on social media requesting loan seekers and owners of small-scale businesses to apply for loans purportedly provided by the Federal Government. The fraudulent message requests loan seekers to access loans through an e-mail Read More …
Farmers urge caution over forex restriction Adelani Adepegba and Okechukwu Nnodim, Abuja A former Deputy Governor of the Central Bank of Nigeria, Dr Obadiah Mailafia, has criticised the directive by President Muhammadu Buhari, to the CBN to stop allocation of foreign exchange for food importation. Read More …
President Muhammadu Buhari, Tuesday, in Daura, Katsina State, has disclosed that he has warned the Central Bank of Nigeria (CBN) to stop providing foreign exchange for importation of food into the country, with the steady improvement in agricultural production, and attainment of full food security. Read More …
The Central Bank of Nigeria (CBN) has expanded the banking space in the country with the issuance of banking licenses to three new players in the industry. With the additional licenses, the numbers of banks operating in the country have increased to 23 from the Read More …
Godwin Emefiele, Governor of the Central Bank of Nigeria, has once again confirmed the authenticity of a report by SaharaReporters revealing that Emefiele and other top officials of the apex bank connived to conceal the N500 billion-scandal rocking the bank. SaharaReporters had in May 2019 Read More …
George Uboh, Chairman of George Uboh Whistleblowers Network (GUWN), has been arraigned during the week for exposing financial misappropriation by Godwin Emefiele, Governor of the Central Bank of Nigeria. Uboh was arraigned at the Federal High Court, Abuja on a two-count charge of disseminating false Read More …
Despite all protestations including allegations of a 500billion fraud, the powers that be simply turned a blind eye and asked him to.continue in office. Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele Monday commenced his second term in the position. This followed the Read More …
Central Bank of Nigeria (CBN) Liquidity problems with Nigerian banks have persisted as the last six months have not been easy. The trend of tushing to CBN for cash continues. The nation’s Deposit Money Banks have made frequent visits to the facilities’ window of the Read More …
Godwin Emefiele THOSE accusing the Central Bank of Nigeria (CBN) of operating multiple foreign exchange (forex) rates are wrong, CBN Governor Godwin Emefiele has said. What obtains are multiple foreign exchange (forex) windows, Emefiele said. The CBN boss spoke at the University of Ibadan (UI) Read More …