CBN - Central Bank Of Nigeria
CBN moves to end cash transactions in govt, launches docflow, MDA naira payment solutions
The Central Bank of Nigeria (CBN) in an effort to stop the use of cash for payment transactions has announced two new payment solutions for government offices.
FCMB appoints new executive director after completing important excercise
After receiving permission from the Central Bank of Nigeria, Felicia Obozuwa was hired as Executive Director, Corporate Services and Service Management by FCMB.
Nigeria govt speaks on selling its stake in Sugar Company in Benin Republic
For years, the Savé Sugar Company, which had previously significantly boosted the economies of both Nigeria and Benin, has been ignored and poorly run.
“They were forewarned”: Customers react after CBN fined banks for not dispensing cash
The CBN's sanctions against the banks for not ensuring cash availability through their automated teller machines were fair, according to the Bank Customers.
CBN adjusts exchange rates as naira tumbles in official and parallel markets
The Nigerian currency has maintained a negative run against the naira in the official and parallel markets, losing 0.09 per cent in the official window on Wednesday.
Loans: CBN releases the amount Nigerians and government owe Nigerian banks
The Central Bank of Nigeria has revealed that Nigerian banks gave out more credit to the government as customer personal loans and retail loans declined.
Sterling Bank reportedly increases staff salaries by 7% amid high cost of living
One of Nigeria's tier-2 banks, Sterling Bank, has allegedly raised its staff salaries by seven per cent to help them to cope with high living standards and inflation
Naira depreciates further against US dollar in foreign exchange market
Naira has depreciated further against the US dollar in the foreign exchange markets, but there is hope if the federal government does the right thing.
Full List: CBN fines 9 banks 150 million each for not dispensing cash via ATMs
The Central Bank of Nigeria has sanctioned nine banks N150 million each for failing to load cash in their Automated Teller Machines ATM at Christmas.
CBN - Central Bank Of Nigeria
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