Tag: Central Bank of Nigeria
Heritage Bank threatens action against Sahara Reports over CBN takeover report
Worried about potential customer panic and large withdrawal of funds, the management of Heritage Bank has denied report that it is next in line...
Reaching for the sack: CBN fires management of troubled Skye Bank
The Central Bank of Nigeria (CBN) has sacked the management of Skye Bank over the bank’s persistent failure to meet minimum thresholds in critical prudential...
Tambuwal parleys CBN, farmers over anchor borrowers’ scheme
In line with his promise to ensure the smooth take off of the Federal Government Anchor Borrowers’ Programme (ABP) in Sokoto State, Governor Aminu...
Naira plummets as currency floats for first time
The naira plunged 40 percent in value on Monday after the Federal Government allowed the currency to float, with businesses welcoming the move as...
Government workers to start getting salaries by 25th of every month
The Accountant-General of the Federation (AGF), Ahmed Idris, says the Federal Government plans to begin payment of staff salaries by the 25th of every...
Kogi needs liberation NOW! by Petra Onyegbule
Caveat emptor: I am writing this article as Petra, a daughter of Kogi State, because the indignation I feel due to the unprecedented and...
#NoBankingDay: Customers boycott banks today over arbitrary charges
Thousands of bank customers across the country are expected to boycott banking services on Tuesday (today) to express their grievances against alleged “arbitrary, illegal...
South African clothing company, Truworths, exits Nigeria over rising cost, tough...
Truworths International Ltd, South Africa’s largest publicly traded clothing chain, closed its two remaining Nigerian stores last month as stringent regulation of stock imports,...
Plunging Naira: Before you blame Emefiele look at yourself, by Kenneth...
It is either I do not understand economics and how exchange rates work or a vast majority of us Nigerians still don’t get how...
Jonathan ran CBN like Idi Amin -Soludo
A former Governor of the Central Bank of Nigeria (CBN), Professor Charles Soludo, has accused former President Goodluck Jonathan of running the apex bank...