Redesigned Naira : We’ll monitor compliance, we’ve mandated banks to stop putting old notes in their ATM – CBN
January 10, 2023 The Central Bank of Nigeria (CBN) will be monitoring commercial banks to ensure that they comply with the directive of loading the redesigned Naira notes in their…
Sale of Polaris Bank: CBN Sets The Record Straight, Says Divestment Process Received Requisite Regulatory Approvals
Jan. 5, 2023 The Central Bank of Nigeria (CBN) has stated that the divestment from Polaris Bank was supervised by a Divestment Committee comprising senior representatives of AMCON & CBN…
Police recover corpse of murdered couple’s son from Ogun river
January 3, 2023 The corpse of Oreoluwa Fatinoye, son of the couple who were allegedly killed by assassins in Abeokuta on new year’s day has been recovered from Ogun river….
Consumers reject NAICOM’S directive on 3rd party insurance, call for reversal
Jan. 2, 2023 The Insurance Consumers Association of Nigeria (INSCAN) has called on the National Insurance Commission (NAICOM) to reverse its directive on the increase of third Party Motor Insurance…
Currency redesign: Senate urges CBN to extend withdrawal date
Dec. 29, 2022 The Senate has urged the Central Bank of Nigeria (CBN) to urgently extend the withdrawal date of old currency notes from Jan. 31, 2023 to June 31….
Stamp duty: The interview that exposed the floodgate of fraud and those involved
This interview by LEAKS.NG, an independent whistleblowing platform, in 2019 revealed the roles of the dramatis personae in the Stamp Duty saga. Mr Adetola Adekoya, of the School of Banking…
Central Banks, Politicians And Vested Interests, By Arize Nwobu
Central banks are independent national institutions and supreme monetary authorities which are at the heart of the economy. They manage currency and are given free control over the production and…
Cash withdrawal limit not based on politics – CBN
Dec. 22, 2022 The Central Bank of Nigeria (CBN) says its policy of cash withdrawal limit is not based on politics, contrary to insinuations. Mrs Aisha Ahmad, the Deputy Governor,…
Applause as CBN reviews cash withdrawal limits to N500,000, N5m
The Central Bank of Nigeria (CBN) has announced an upward review of cash withdrawal limits to N500, 000 and N5 million for individuals and corporate accounts respectively to counter its…
Emefiele Stamp Duty Controversy: Reps disown Kazaure, say he’s ‘on his own’
By Ismaila Chafe President Muhammadu Buhari on Tuesday met behind closed door with the Speaker of the House of Representatives, Femi Gbajabiamila, at the Presidential Villa, Abuja during which the…