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As the Federal Government, through the Federal Ministry of Health and the Nigeria Centre for Disease Control (NCDC), intensifies effort to check the spread of the novel Corona virus pandemic in the country, the Central Bank of Nigeria (CBN) has commenced the disinfection of its head office and 37 branches.
The Central Bank of Nigeria has extended the moratorium on all its intervention funds.
The Central Bank of Nigeria (CBN) says it has not prohibited the acceptance of foreign currency cash deposits by Deposit Money Banks (DMBs).
The Central Bank of Nigeria says it has retained the minimum 65 per cent of Loan Deposit Ratio in the interim.
The Nigeria Deposit Insurance Corporation (NDIC) has assured depositors of its drive to adopt cost effective method of bank failure resolution to protect depositors.
The Central Bank of Nigeria has deducted N500 billion from the accounts of 12 banks for failing to meet the target to provide credit to their customers.
The Central Bank of Nigeria has directed commercial banks to raise their Loan-to-Deposit Ratio from 60 to 65 per cent before December 31, 2019 deadline.
Nigeria has lost about $10 billion (about N3.6 trillion) over the past five decades in non-oil export opportunities, comprising crops such as cocoa, oil palm, cotton and groundnut.
Recalcitrant tax defaulters, high-end politicians, top civil servants, businessmen and other wealthy Nigerians with questionable sources of income are now in panic mode as the Nigerian Financial Intelligence Unit (NFIU) and other anti-graft agencies began beaming their searchlight on them in line with the Federal Government’s effort to retrieve state funds tallegedly siphoned in shady transactions.
The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMBs) to dishonour instructions on the payment of salaries, pensions, and taxes of public and private companies that are not transmitted on approved electronic payment and collection platforms.
Otunba ‘Debola Osibogun, CAFEi President, said in Lagos on Sunday that extension of the deadline would give room for more people to key into the initiative.
The Central Bank of Nigeria (CBN) has warned Nigerians to beware of fraudulent messages in the social media circles requesting unsuspecting loan seekers and owners of small-scale businesses to apply for loans provided by the Federal Government through an e-mail address ([email protected]) purportedly being handled by the Central Bank of Nigeria (CBN).
The banking industry recorded 106 per cent increase in profitability to N310 billion in 2018 from N150 billion in 2017.
In a bid to further stimulate lending to the economy, the Central Bank of Nigeria, CBN, yesterday, said bank deposit placement through its Standing Deposit Facility, SDF, in excess of N2 billion will not attract interest payment.
A large proportion of the N7.9 trillion pieces of naira notes in circulation are dirty, mutilated, unfit for Automated Teller Machines (ATMs) and over-the-counter payments, the Central Bank of Nigeria (CBN) has said.
Cameroon’s military says three of five men recently arrested by Togolese police and portrayed by Togolese media as notorious criminals who committed serious offenses against Togolese citizens are Cameroonian soldiers, while the other two are former convicts. The three military men stole weapons from the military headquarters in Yaoundé and went to Togo’s capital, Lomé, where they used the weapons to harass Togolese, according to Togolese police.
Israeli Defense Minister Benny Gantz apologized on Sunday for Israeli police’s shooting to death an unarmed, autistic Palestinian man in East Jerusalem on Saturday.
The Lagos State Government would soon embark on the ‘Register-to-Open Initiative’ toward the gradual reopening of the economy in the state.
The candidate of the All Progressive Congress (APC) for the Ibadan Southeast/Northeast Federal House of Representatives in Oyo state during the 2019 general election, Mr Deji Aboderin, has defected to the ruling People’s Democratic Party.
The operatives of Rapid Response Squad (RRS) has arrested a 19-year-old National Diploma holder of Yaba College of Technology, Lagos as the brain behind the blackmail of Queen Salawa Abeni with nude photographs.
Chelsea would be able to sign Ajax left-back Nicolas Tagliafico in the next transfer window for a fee just north of £20million, it has been revealed.
Former Nigeria international Victor Agali has backed coach Gernot Rohr to improve on his previous achievements with the national team of Nigeria.
Iranian researchers have produced test kits that allow detection of the novel coronavirus in saliva within 55 minutes, Tasnim news agency reported on Sunday.
Niger Delta ex-militants at the weekend appealed to President Muhammadu Buhari to ensure that federal lawmakers indicted for corrupt practices in the Niger Delta Development Commission (NDDC) were arrested and tried before the end of his tenure.
Noah Sarenren Bazee was on target for his club Augsburg as they recorded a 3-0 away win over struggling Schalke 04 in Sunday’s German Bundesliga game.