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CBN Engages Ogun Farmers, SMEs On Financial Inclusion

CBN Engages Ogun Farmers, SMEs On Financial Inclusion
In continuation of its enlightenment campaign, aimed at creating awareness and bringing more people into the formal financial sector, the Central Bank of Nigeria (CBN) on Tuesday dated, 20th, July 2017 held a seminar for farmers and Small and Medium Scale Enterprises operators in Abeokuta, Ogun State. The apex bank used the opportunity provided by the financial inclusion fair to…Read More

CBN To Start Charging For Deposits And Withdrawals

CBN To Start Charging For Deposits And Withdrawals
In spite of the ongoing recession that is spreading across the country, the Central Bank of Nigeria has decided to reintroduce bank charges for deposits and withdrawals from April 1st 2017. Banks will from that date begin to charge individuals 1.5 per cent and two per cent for deposits and withdrawals between N500,000 and N1m. Individuals depositing or withdrawing N5m…Read More

Falana Demands Probe Of Sanusi, Soludo, Others Over ‘Diversion’ Of State Funds

Falana Demands Probe Of Sanusi, Soludo, Others Over ‘Diversion’ Of State Funds
A senior Nigerian lawyer, Femi Falana, has asked the Economic and Financial Crimes, EFCC, to promptly investigate a range of dealings involving alleged diversion of public funds overthe years by government establishments, including the central bank, under former governors, Chukwuma Soludo and Lamido Sanusi. Mr. Falana, a Senior Advocate of Nigeria, said the finance minister, Kemi Adeosun, had not taken…Read More

CBN-Hajj Brouhaha: Tale Of A Country And Her Religious Bigots

CBN-Hajj Brouhaha: Tale Of A Country And Her Religious Bigots
Nigeria is indeed a country of boundless absurdities, most of which were "invented" and found their way to the fore just after the exit of PDP which "ruled" the country for sixteen years uninterrupted. The oddity in the attitude of the average political commentator we see today, especially from those who pitched their tent with PDP in the last election,…Read More
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First Bank, Diamond Bank On CBN Radar

First Bank, Diamond Bank On CBN Radar
  The ousting of top management at one of Nigeria’s largest banks is deepening concern over the health of the industry. The central bank stepped in to replace the chief executive officer, chairman and 10 other directors of Skye Bank Plc on July 4 after the nation’s eighth-biggest lender consistently breached cash and liquidity ratios. The regulator made the announcement…Read More

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