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Tag Archives: CBN

Recession, forex crisis weaken experts to assess 3 years of Emefiele at CBN

CBN Godwin-Emefiele

It would be recalled that following the disquiet circumstance leading the ouster of former Governor of Central Bank of Nigeria (CBN) and current Emir of Kano, Sanusi Lamido, former managing ...

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Exchange rates convergence emerging as forex seekers flee BDCs for black market

naira dollar

Preliminary indications are beginning to show that the dream of the Central bank of Nigeria (CBN) in hitting a single rate both for Bureau d’ Change (BDC) and black market ...

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Hacking kingpins designing ransomware to hit N3.5tn trapped by BVN in banks

Cyber attacker

Indications have emerged revealing that Nigerian cyber criminals are now working day and night with their international hacking kingpins on a tailored ransomware attack that will hack into commercial banks ...

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Revealed: MMM trapped Nigerians’N11.9bn on Dec 13, 2016

MMM victim

Fresh revelation from the 2016 annual report of the Nigeria Electronic Fraud Forum (NeFF) has shown that as at the time the Mavrodi Mondial Moneybox (MMM) Ponzi scheme bolted away ...

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Restricted 41items: Between CBN and former CBN Gov. Chukwuma Soludo


First of all, the 41 items are: Rice; cement; margarine; palm kernel/palm oil products/vegetables oils; meat and processed meat products; vegetables and processed vegetable products; poultry chicken, eggs, turkey; private ...

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CBN, ACAEBIN team up to fight rising cybercrime in financial sub sector

CBN emefiele 2

As part of joint efforts to combat the spate of cybercrime and improve digital banking in the country, the Central Bank of Nigeria (CBN) and the Association of Chief Audit ...

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Amiwero faults CBN interest in fiscal policies, says forex restriction on 41 items killed ports

Amiwero Lucky

More reasons have emerged on why Nigerian ports are witnessing lowest ebb in business activities in terms of container throughput and business generation for Nigerians who hitherto make their living ...

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Why CBN approved Roosevelt Ogbonna as Access Bank Deputy Managing Director

Access Bank

Following the resignation of former Deputy Managing Director of Access Bank Plc, Mr. Obinna Nwosu who left to pursue his personal endevours and the approval of Mr. Roosevelt Ogbonna as ...

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Access Bank crosses risky limit as Capital Adequacy Ratio hits 21 per cent


With liquidity ratio at 43 per cent after the implementation of risk management framework, Access Bank Capital Adequacy Ratio (CAR) currently stands at 21 per cent. The CAR for banks ...

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3 factors that compelled 3 commercial banks to fail latest CBN’s solvency test

CBN emefiele 2

Three banks, two among them highly rated (names with held) have failed stress test conducted by the Central Bank of Nigeria (CBN). Three major factors that collapsed the asset quality ...

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