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Tag Archives: central bank of nigeria

FG’s Centenary N100 Commemorative Note ‘Grossly’ Wasteful – TUC

GEJ-N100 NOTE

The Trade Union Congress of Nigeria (TUC) has faulted the introduction of a new N100 note by the Central Bank of Nigeria (CBN) to commemorate Nigeria’s centenary. This was contained in a statement yesterday signed by the president general of TUC, Comrade Bobboi Bala Kaigama. According to TUC, “the unveiling ... Read More »

Jonathan To Unveil Commemorative N100 Centenary Note Today

N100

President Goodluck Jonathan is expected to unveil the specially designed commemorative N100 banknote by the Central Bank of Nigeria on Wednesday (today). The CBN disclosed this in a statement on Monday in Abuja. The apex bank said the commemorative note was part of its contribution to the centenary celebration and ... Read More »

CBN Responds To SERAP Suit, Denies Laundering Money For Boko Haram

Boko-Haram-Shekau

The Central Bank of Nigeria (CBN) has denied allegations that funding for the activities of insurgent group, Boko Haram, were funneled through it. It would be recalled that Socio-Economic Rights and Accountability Project (SERAP), had on 14 October dragged the CBN before the Federal High Court, Ikoyi, following the apex ... Read More »

Reintroduction Of N65 ATM Charge ‘Satanic Extortion’ – NANS

ATMs

The National Association of Nigerian Students, NANS, has condemned the re-introduction of the Automatic Teller Machine (ATM) charge by the Central Bank of Nigeria. The CBN had announced a charge of N65 to be paid by bank customers when they use the ATMs of banks other than their own to ... Read More »

Boko Haram Funds Channeled Through CBN, Says Australian Hostage Negotiator

abubakar shekau

Not done yet with linking some prominent Nigerians with the sponsorship of the dreaded Boko Haram sect, an Australian negotiator has revealed that a large chunk of the finances of the terrorist organization may have been funneled through the Central Bank of Nigeria (CBN). The Australian, Dr. Stephen Davis, who ... Read More »

Reps Summon CBN Boss Over Bureau De Change Recapitalization Policy

Godwin Emefiele-Screened

The House of Representatives yesterday directed the Central Bank of Nigeria (CBN) to suspend its plan to sanitise the foreign exchange market through the policy for Bureau De Change (BDC) operators to raise their operating capital base to N35 million from N10 million. Aside the suspension directive, the House also ... Read More »

80% Of Nigerian Youths Are Unemployed – CBN Official

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The Central Bank of Nigeria on Thursday brought to the front burner the issue of youth unemployment in the country as it said 80 per cent of Nigerian youths are without jobs. This is despite repeated figures released by the National Bureau of Statistics indicating that the Nigerian economy had ... Read More »

New CBN Gov. Emefiele Assumes Office

ACTING CBN GOV. DR SARAH ALADE HANDING OVER TO NEW CBN GOVERNOR, GODWIN EMIEFILE

The new governor of the Central Bank of Nigeria, Godwin Emefiele, took office on Tuesday with the immediate task of protecting a weak naira. With government spending also expected to rise ahead of next year’s presidential election, the new governor will have no room to let up on monetary policy ... Read More »

Senate Confirms Emefiele As New CBN Gov, Bulkachuwa As Appeal Court President

Godwin Emefiele-Screened

The Senate on Wednesday confirmed Mr. Godwin Emefiele as Governor-Designate of the Central Bank of Nigeria, CBN, after being screened for about 2 hours. The exercise, which was broadcast live on television, saw the upper chamber of the National Assembly unanimously approve the appointment of the Zenith Bank boss as ... Read More »

Our Records Intact, Says CBN In Aftermath Of Lagos Office Fire Outbreak

cbn-fire-lagos

Following the fire outbreak in its office in Lagos on Tuesday evening, the Central Bank of Nigeria, CBN, has assured stakeholders that the incident would not affect its business transaction. This is contained in a statement issued by Mr Isaac Okoroafor, on behalf of the CBN Director of Communications in ... Read More »

Senate Shifts Screening Of Emefiele, Nominee For CBN Gov To Tuesday

Godwin-Emefiele-New-CBN-Gov

The screening of Mr Godwin Emefiele for confirmation as the new governor of the Central Bank of Nigeria (CBN) by the Senate, which was scheduled to take place on Thursday, has been postponed to next week Tuesday. Emefiele was nominated by President Goodluck Jonathan to replace suspended Sanusi Lamido Sanusi ... Read More »

PDP Demands Forensic Audit Of CBN Accounts From 2009 Till Date

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The Peoples Democratic Party, PDP, has called for a thorough forensic audit of all the accounts and financial transactions of the Central Bank of Nigeria, CBN, from 2009, when Malam Sanusi Lamido Sanusi assumed duties as governor of the apex bank till date. In a statement by its National Publicity ... Read More »

NNPC, CBN Must Satisfactorily Provide Answer To Missing Money, FRC Query – Atedo Peterside

CBN GOVERNOR, SANUSI LAMIDO (L) AND NNPC GROUP MANAGING DIRECTOR, ANDREW YAKUBU

The Founder and Chairman of Stanbic-IBTC Bank, Atedo Peterside, has said the state-run Nigerian National Petroleum Corporation, NNPC, which is currently in the eye of the storm over non-remittance of funds to the Federation Account, must give adequate explanations about the alleged missing $20 billion. The Central Bank of Nigeria ... Read More »

Okonjo-Iweala Cries Out: I want the whole Truth On Alleged Missing $20bn

Iweala-and-Sanusi3

The Minister of Finance and Coordinating Minister for the Economy, Dr. Ngozi Okonjo-Iweala has demanded to know the whole truth about the purportedly missing $20 billion, which the suspended Central Bank of Nigeria Governor, Malam Sanusi Lamido Sanusi, has insisted is missing from the federation account. A statement Tuesday from her office ... Read More »

Reps C’ttee Commends CBN On ‘Consistent’ Remittance To Federation Account

CBN-Sanusi

In what might be considered support for suspended Governor of the Central Bank of Nigeria, CBN, Malam Sanusi Lamido Sanusi, the House of Representatives Committee on Finance yesterday commended the apex bank for its timely remittance to the Federation Account. This is contained in a statement by the CBN Deputy ... Read More »

Sanusi Challenges Jonathan’s Powers To Suspend Him In Court

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Embattled Central Bank of Nigeria (CBN) Governor, Sanusi Lamido Sanusi, Tuesday, approached a Federal High Court siting in Abuja to challenge the powers of President Goodluck Jonathan to suspend him from office. During his maiden Presidential Media Chat for 2014, Jonathan insisted that he had ‘absolute’ powers to suspend the ... Read More »

Why Sanusi’s Not A Hero – Afenifere

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The National Publicity Secretary of Afenifere Renewal Group, ARG, Yinka Odumakin, said on Tuesday that he did not consider the suspended Governor of the Central Bank of Nigeria, Lamido Sanusi, as a hero. Odumakin, who made this position known in Lagos during a chat with reporters, said President Goodluck Jonathan ... Read More »

Amaechi: Jonathan Suspended Sanusi Because He Knows Nothing Will Happen

jonathan_n_sanusi

Rivers State Governor, Chibuike Rotimi Amaechi has faulted the suspension of the Central Bank of Nigeria (CBN) Governor, Malam Sanusi Lamido, saying the action was unconstitutional. Sanusi was suspended by President Goodluck Jonathan last Thursday pending investigations into findings by the Financial Reporting Council of Nigeria that his leadership of the ... Read More »

Missing Oil Funds: Arewa Youths Fault Planned Protest Against NNPC Boss

Andrew-Yakubu

The umbrella body for youths in northern Nigeria, the Arewa Youth Forum (AYF) has kicked against the threat of demonstration against the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Andrew Yakubu, over alleged unremitted oil funds to the federation account. National Director, Public Affairs, of AYF, Bello ... Read More »

Don’t Politicise Sanusi’s Suspension, PDP Warns APC, Others

sanusi

The Peoples Democratic Party (PDP) on Sunday condemned attempts by some individuals and groups to politicise the suspension of the Central Bank of Nigeria (CBN) Governor, Malam Sanusi Lamido Sanusi. In a statement, the PDP National Publicity Secretary, Mr Olisa Metuh, in Abuja, the party said the issues leading to Sanusi’s ... Read More »