Tag Archives: CBN

CBN Sets Up Campaign To Rid The Country Of Dirty Notes & Make Lower Denominations Available

The Central Bank of Nigeria (CBN) has stepped up the campaign to rid the country of dirty notes, make lower denominations available and stem the tide of racketeering in new notes, as it approved a disbursement to traders at the Tejuosho Ultra-modern Market, in Lagos. The lower denominations approved by the management of CBN for…

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MTN Fires Back After CBN Sanction, Claims Paid Dividends Were Approved

In a statement on Thursday, MTN denied the allegations of illegal funds repatriation leveled against it by the Central Bank of Nigerian(CBN), claiming that it illegally converted shareholder loans to preference share and repatriated $8.1 billion as dividend saying all dividends it paid to its shareholders between 2007 and 2015 were approved by the apex bank. Contrary to the…

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OB Hot Flick: DJ Lambo – Bebe Feat. Skales & Victoria Kimani

President of the CBN movement, Dj lambo releases the visuals for her latest single “Bebe”. “Bebe” features pop heavy weights – label mate Victoria Kimani and Skales. The song is a feel good pop track that celebrates the euphoria of everyday love. “Bebe” was produced by Ckay. Watch below. Leave your views in the comment…

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N15million Cash Ransom Paid to Kidnappers of CBN Governor’s Wife, Margaret Emefiele, Police Parade 9 Suspects

Mrs Margaret Emefiele The Nigeria Police Force, NPF, on Monday paraded the suspected kidnappers of Margaret Emefiele, the wife of Central Bank of Nigeria, CBN, governor Godwin Emefiele, unveiling as well the N15million naira cash ransom the kidnappers were paid for Margaret’s release. Mrs. Emefiele was abducted by heavily armed gunmen late Thursday, September 29, 2016…

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Finance Minister Kemi Adeosun Says Nigeria Is In Recession

  Following a closed door meeting between Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele and the Senate on Tuesday, during which a gloomy picture of the Nigerian economy was painted (read full report here), Minister of Finance, Kemi Adeosun on Thursday admitted that the country’s economy is indeed in recession. Appearing before the Senate, Adeosun who…

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