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Category: CBN

WE DONT GIVE LOANS DIRECTLY TO CUSTOMERS, CBN RAISES ALARM AGAIN

Posted onAugust 28, 2019August 28, 2019

   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 …

CategoriesCBNTagsCBN, fraud

CBN IDENTIFIES FRAUDULENT LOAN OFFICERS ON SOCIAL MEDIA

Posted onAugust 26, 2019August 26, 2019

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 …

CategoriesCBNTagsCBN, fraud, Social media

CBN HAS BEEN HIJACKED BY POLITICIANS SAYS EX-DEPUTY GOVERNOR

Posted onAugust 16, 2019August 16, 2019

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 …

CategoriesCBNTagsCBN

BUHARI: I’VE WARNED CBN TO STOP EVERY FORM OF FOOD IMPORTATION

Posted onAugust 13, 2019August 13, 2019

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 …

CategoriesCBNTagsCBN, Food importation

CBN LICENSES THREE NEW BANKS, SEE THEIR NAMES

Posted onJuly 23, 2019July 23, 2019

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 …

CategoriesCBNTagsCBN, NEW BANKS

CBN BOSS, EMEFIELE CONFIRMS 500BIL MISSING, CLAIMS PHONE WAS BUGGED, CALLS FOR INVESTIGATION OF SAHARA REPORTERS

Posted onJune 29, 2019June 29, 2019

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 …

CategoriesCBN, CBN Governor

COURT ARRAIGNS WHISTLEBLOWER WHO EXPOSED CBN GOVERNOR

Posted onJune 28, 2019June 28, 2019

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 …

CategoriesCBN, CBN Governor, George Uboh, Whistleblower

DESPITE PROTESTATIONS, EMEFIELE BEGINS SECOND TERM AS CBN GOVERNOR

Posted onJune 4, 2019June 4, 2019

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 …

CategoriesCBN, Emefiele

BANKS LOANED 12TRILLION FROM CBN IN 6MONTHS

Posted onJune 3, 2019June 3, 2019

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 …

CategoriesBank debtors, Banking, CBN

CBN GOVERNOR SPEAKS ON MULTIPLE FOREIGN EXCHANGE RATE

Posted onMay 27, 2019May 27, 2019

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 …

CategoriesCBN, Emefiele, Exchange rate

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