Tag: Central Bank of Nigeria
Independent Africa
Nigeria’s apex bank endorses first banking merger under revised capital requirement
The Central Bank of Nigeria has given the green light for the merger between Providus and Unity Bank, with both institutions now awaiting the...
Business
Monetary reforms showing positive outcomes – CBN
The Central Bank of Nigeria has announced that its monetary policy reforms are starting to yield positive results for the country's economy.In response to...
Independent Africa
Former Central Bank boss in Nigeria challenges detention
Godwin Emefiele, recently suspended as head of Nigeria's central bank, has sued the Department of State Services (DSS), the nation's secret police, over his...
Business
Johann Rupert displaces Dangote as Africa’s richest man – Forbes
A disclosure made by Forbes Magazine, says South African Johann Rupert has surpassed Nigerian billionaire businessman Aliko Dangote to become the wealthiest person in...
Independent Africa
Nigeria Elections :We are all set – INEC
The Independent National Electoral Commission (INEC), says all is set for the conduct of the general elections in the Federal Capital Territory (FCT), .Ms...
World
Naira scarcity: Three APC Governors sue Nigeria’s Buhari over new Naira notes
Governors Nasir El-Rufai of Kaduna, Yahaya Bello of Kogi, and Bello Matawalle of Zamfara have filed lawsuits against the federal government over the Central...
Independent Africa
Nigerians complain about lack of new naira notes in banks
A cross-section of Nigerians across the nation have bemoaned the lack of new naira notes in the Central Bank of Nigeria (CBN).Meanwhile the institution...
Independent Africa
What a waste of time and resources … what is the difference? Nigerians unimpressed with redesigned banknotes
Nigerians have challenged the central bank's proposal to "redesign" the local currency of the nation in order to stop money laundering and large-scale hoarding...
Business
Ghana, Nigeria contest world’s worst currencies – Report
The naira of Nigeria and the cedi of Ghana are currently the two worst-performing currencies in the world, with the naira losing 37% and...
Independent Africa
CBN, NIBSS, set to introduce national card scheme
The Central Bank of Nigeria (CBN) and Nigeria Inter-Bank Settlement Systems (NIBSS) Plc, in conjunction with Bankers’ Committee will soon float a national card...
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