Central Bank of Nigeria, CBN, Governor, Godwin Emefiele, has announced the floating of the country’s official currency, Naira. The nation’s chief banker announced this on Wednesday in Abuja at a press conference. With the latest policy, which takes full effect on June 20, 2016, the Naira exchange rate will now be market-driven. Also, it is…
By Shola Giwa The suspension of Mrs Nellie Mayshak, the Director-General of the Pension Transition Arrangement Department, PTAD, has irked members of the Pensioners Rights and Protection Alliance, PPRA, who have labelled the move, “a witch-hunt.” Speaking in a statement released in Abuja, the Pension advocacy group, represented by the Executive Secretary, Sule Adams questioned…
The Financial Literacy Programme of the Central Bank of Nigeria, CBN, received a boost on Thursday from Heritage Bank. The reputable bank, which recently acquired Enterprise Bank and got a facelift as a national bank, presented a set of books to the University of Ilorin Secondary School in Kwara State. At the occasion organised by…
The Central Bank of Nigeria, CBN, has suspended one of its deputy governors as well as two directors over their alleged plot to defraud the bank of a huge sum of money. Top officials of the apex bank informed Punch that the suspension was ordered by the CBN Governor, Godwin Emefiele, after preliminary findings revealed…
A blast that occurred on Friday at the Central Bank of Nigeria, CBN, office in Calabar, Cross River State left at least 18 persons injured. The ugly incident happened after a gas cylinder went up in flames, which left panic in the air and many people running to safety. The banking hall of the country’s…
The Central Bank of Nigeria, CBN, will wait until November to hike interest rates in Africa’s biggest economy, but analysts say it needs to ease the cash reserve ratio on commercial banks first to free up liquidity and kick-start money market trading as soon as possible. A poll on Friday showed 17 of 20 analysts…
The Managing Director of Heritage Bank, Ifie Sekibo, has promised to ensure the newly acquired bank, Enterprise Bank, will become more successful. This assurance will interest customers of the bridged bank, who before now many be nursing some fears. Sekibo made this disclosure on Tuesday in Lagos at the Board Divestment Closure ceremony organised by…