Tag Archives: Central Bank Of Nigeria

CBN Opposes MTN Over Mobile Banking Transaction Access

The Governor, Central Bank of Nigeria, Mr Godwin Emefiele, has kicked against MTN Nigeria’s plan to start charging its subscribers for Unstructured Supplementary Service Data access to banking services from Monday (today). The governor said this during a media briefing on the sidelines of the annual meetings of the World Bank/International Monetary Fund holding in…

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Suspend Deposit Charges – Reps tell CBN

The House of Representatives has asked the Central Bank of Nigeria to suspend the charges imposed on cash deposits in the implementation of its cashless policy. The suspension, according to the federal parliament, should remain until consultations with all relevant stakeholders are made. The call for the suspension was contained in a motion unanimously adopted…

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Emefiele, Saraki, Ibrahim in Closed Door Meeting! Recession Will End by July, CBN Governor Says

The Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, has said that with the current efforts by the Federal Government to revive the country’s economy, the country should be out of recession by the third quarter of this year. Emefiele said this after meeting with the leadership of the Senate in Abuja on…

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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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CBN Paints Gloomy Picture of Nigeria’s Economy, Says FG Might Be Unable To Pay Salaries

The Nigerian economy might be in much worse shape than we thought. Following a closed door meeting between Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele and the Senate yesterday, a clearer picture of what the future holds in store for the economy was painted and it doesn’t look too good.  Below is a…

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Stop Selling Tickets In Foreign Currencies – NCAA Warns Airlines

  The Nigerian Civil Aviation Authority (NCAA) has warned all airlines selling flight tickets in foreign currencies in Nigeria to desist from the practice forthwith. The NCAA issued the warning in a statement issued by its Acting General Manager, Public Relations, Mr Sam Adurogboye, in Lagos on Sunday. The statement said the act contravened the…

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CBN Floats The Naira, Releases Guidelines For Dealership In Forex

  The Central Bank Of Nigeria (CBN) yesterday announced a full float of the Naira with what it termed the “automatic adjustment mechanism of the exchange rate” which will allow the foreign exchange (forex) rate now be determined by markets forces thereby reducing the pressure on the Naira. Making this disclosure at a press conference…

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