Twist as CBN differs with Minister on reason behind new national MFB
Contrary to earlier belief that the emergence of the proposed National Micro Finance Bank (NMfB), was as a result of the planned unbundling of Nigerian Postal Service (NIPOST), made nearly useless by advent of communication technology, the Governor of the…
CBN Vs. MTN: Out of court settlement on $8.1bn return imminent—Experts
…As Emefiele’s comments buoy MTN shares by 2% on JSE A number of finance experts who weighed weekend’s comments in London by the Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, have started seeing a possible down review of…
CBN reveals how API ushered in new banking model, freezed one-size-fits-all
Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has given details on how the bank revolutionized the nation’s banking industry with the help of Alpha Project Initiative (API). Speaking at the 2018 Financial Markets Conference on the theme…
Just in: CBN revokes Skye Bank licence, names Polaris as receiving bridge bank
The Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, this Friday evening, September 21, 2018, announced the immediate revocation of the operating licence of Skye Bank Plc, but maintained sealed lips on reasons behind the regulatory action. While…
Ghana: If weak banking sector is poor credit access, high lending rates, how safe’re we?
The ‘Hurricane’ Bank of Ghana (BoG) that swept together five commercial banks in Ghana into newly licensed Consolidated Bank this week can be an eye opener to the Nigerian banking sector in many aspects. Just like former Central Bank of…
Key framework for cyber security of data in banking system coming—CBN
Rising from the 2018 Nigeria-JP Morgan Chase Cyber Security Conference held in Abuja on Thursday, the Central Bank of Nigeria (CBN) has revealed that efforts are underway to develop a Risk Based Cyber Security Framework for banks and payment service…
Only painful sanctions by CBN can stop banks from currency round tripping
Beyond visiting banks very close to its head office in Abuja to check and give customers powers to report any erring bank frustrating flexible access to foreign exchange at official rates by the Central Bank of Nigeria (CBN) Governor, Godwin…
CBN may not release $2.5bn currency swap framework this week as promised
Though the Central Bank of Nigeria (CBN), last week assured that it will before the end of this week, release framework for the effective implementation of the sealed $2.5bn currency swap deal with China Central Bank, checks at the head…
Bitcoin: Value of transactions in Nigeria rise to N1.9billion weekly—BH Report
Contrary to the warnings handed down both by the Central bank of Nigeria (CBN) and the Securities & Exchange Commission (SEC) that involvement in digital currencies transactions is against any known law in Nigeria, the trade is making serious headway…
UNN graduating students’ fault Emefiele’s lecture presentation
…Call for making entrepreneurial skill a core-course for all Mixed reactions have continued to trail lead presentation of the Governor of Central Bank of Nigeria (CBN), Godwin Emefiele at the 47th Convocation Lecture of the University of Nigeria, Nsukka, Enugu…
