CBN – Page 4 – The Business Intelligence

Emefiele operated 593 illegal US, UK, China accounts – CBN investigator

EditorDecember 22, 2023

by EditorDecember 22, 20230350

The former Central Bank of Nigeria Governor, Godwin Emefiele, illegally lodged billions of naira in no fewer than 593 bank accounts in the United States,

Banking Finance

CBN suspends processing fees on cash deposits

EditorDecember 11, 2023

by EditorDecember 11, 20230323

The Central Bank of Nigeria has suspended the processing fees on large cash deposits, a release by the Acting Director of Supervision, Dr Adetona Adedeji,

Banking Finance

External reserves shrinks by $520m in five weeks, says CBN

EditorDecember 11, 2023

by EditorDecember 11, 20230336

The country’s external reserves fell by $520.22 in five weeks, figures obtained from the Central Bank of Nigeria revealed. According to CBN’s data on movement

Banking Finance

Banks fear rush as CBN bars customers without BVN, NIN April

EditorDecember 2, 2023

by EditorDecember 2, 20230691

The Central Bank of Nigeria on Friday directed commercial banks to bar customers without Bank Verification Numbers and National Identity Numbers from having access to

Banking Finance

CBN moves to increase capital base of banks

EditorNovember 25, 2023

by EditorNovember 25, 20230346

The Central Bank of Nigeria (CBN) has said that it will soon be announcing a new capital base for banks in the country as it

Finance

CBN ways and means fuelled inflation, weakened Naira, says Sanusi

EditorNovember 15, 2023

by EditorNovember 15, 20230225

Former governor of the Central Bank of Nigeria, Muhammad Sanusi II, has said the apex bank’s lending to the federal government under the administration of

Electricity Energy

CBN, NBET, others owe FG N190bn for electricity supply, says NDPHC

EditorNovember 14, 2023

by EditorNovember 14, 20230999

Federal Government owned power firm, the Niger Delta Power Holding Company (NDPHC) has said that the Central Bank of Nigeria, the Nigerian Bulk Electricity Trading

Banking Finance

Naira gains as CBN pays banks $6.7bn forex backlog

EditorNovember 3, 2023

by EditorNovember 3, 202301258

The Federal Government through the Central Bank of Nigeria, has commenced payment of outstanding matured FX forwards owed to various creditors, the PUNCH can report.

Banking Finance

CBN says it has sufficient stock of Naira notes

EditorNovember 3, 2023

by EditorNovember 3, 20230740

The Central Bank of Nigeria (CBN) has said that it has enough volume of banknotes to go around against backdrop of the approaching festive period,

Finance

Sell forex on Interbank market not to CBN, JP Morgan tells oil firms

EditorNovember 3, 2023November 3, 2023

by EditorNovember 3, 2023November 3, 20230319

JP Morgan, a US multinational financial services firm, has advocated that oil exporting companies be encouraged to sell forex proceeds on the interbank market, rather

April 2019 Edition