CBN Approves New Shake Ups In Stanbic IBTC
Top on the list of these approved promotions is that of Dr. Demola Sogunle, who moves up to the position of Chief Executive, Stanbic IBTC Holdings PLC. Before this promotion, Dr. Sogunle was the Chief Executive of the Bank and previously served as Deputy Chief Executive. He will also continue to serve as a Non-Executive Director on the Board of the Bank.
Breakdown of Contributions to Fight #COVID19Nigeria – CBN
The Central Bank of Nigeria, CBN, on Wednesday said that monetary contributions to its relief fund under the auspices of Private Sector Coalition Against COVID-19, CACOVID, stood at N15 Billion. CBN Director of Corporate Communications, Isaac Okorafor, said in a statement in Lagos that the…
Nigeria’s Manufacturing Sector Expands By 60.8 Points In December – CBN
The Central Bank of Nigeria (CBN) has said that the Purchasing Managers Index of Nigeria’s manufacturing sector stood at 60.8 index points in December, indicating a 33-month consecutive expansion. The PMI Survey report released on Monday by the apex bank stated that the index grew…
N50 POS Charge To Be Paid By Businesses NOT Customers – CBN
The Central Bank of Nigeria (CBN) has urged customers not to pay N50 charge to businesses for using point of sale (POS) machines. Musa Jimoh, a director in CBN’s payment system management department, explained the apex bank’s merchant charge directive on Monday. “The stamp duty…
CBN Drops ATM Withdrawal Fee To N35 From Jan 2020
The Central Bank of Nigeria (CBN) has reduced cash withdrawal charges from other banks’ Automated Teller Machines ATM from N65 to N35 after the third withdrawal within a month. The apex bank in a revised Guide to Bank Charges has mandated banks to charge customers…
CBN: Ahmed Bello Umar Becomes Director For Currency Operations
The Central Bank of Nigeria (CBN) has announced the deployment of Ahmed Bello Umar as the new director for currency operations with effect from Thursday, December 5, 2019. Umar succeeds Priscilla Ekwueme Eleje, who exited the bank on Thursday, December 5, 2019, having reached the…
No Robbery At Our Benin Branch – CBN
The Central Bank of Nigeria (CBN) has said there was no robbery attack at its Benin branch in Edo State. “Stories that armed robbers attacked CBN Benin branch on Tuesday 12/11/19 are untrue,” CBN said late Tuesday. There were unconfirmed reports on Tuesday that some…
If We Don’t Kill Unnecessary Imports, Imports Will Kill Us – Emefiele
If Nigeria does not kill unnecessary imports, imports will kill the nation, Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele warned yesterday. He stated, however, that despite the occasional shocks experienced by the Nigerian economy, the country still remains a rich and high-yield destination…
Senate Panel Rejects Emefiele’s Team At Investigative Hearing
The Senate Committee on Finance on Monday prevented the representatives of the Central Bank of Nigeria Governor, Godwin Emefiele, from addressing it on the issue of exchange rates for funding key projects. The Committee, led by its Chairman, Solomon Adeola, asked the Deputy Governor of…
APC Fixes Anambra Governorship Forms At N22.5m, Announces Date For Primaries
Medaner said that the party would start the sales of expression of interest and nomination forms for the election at the party’s national secretariat from April 15 to June 8.
Gov. Akeredolu Renews Fight With Former Deputy, Calls Police To Retrieve Vehicles
To this end, the Governor has enlisted the help of the state Commissioner of Police, CP Bolaji Salami, to recover the vehicles.
Kanu’s Trial Adjourned, New Date Fixed
In June, Nnamdi Kanu was arrested and extradited to Nigeria to face trial. He was remanded in DSS custody after he was re-arraigned before the judge.
Buhari Travels To London For Education Summit, Medical Checkup
Thereafter, he will spend a few days undergoing a previously scheduled medical check-up.