Tags: CBN

Soludo Draws Anger of Imolites with ‘Imo Is Not Anambra’ Claim

Charles Chukwuma Soludo, the gubernatorial candidate of the All Progressives Congress (APGA) for the November 6, 2021, Anambra Election has drawn the anger of the people of Imos state. The 61year old over the weekend cast an unflattering light on Imo state. While courting supports for his ambition with the presentation of his 72-page Campaign…

ASCSN Transaction: Unity Bank Acted With Authority of Customer

Unity Bank Plc has denied claims by the Association of Senior Civil Servants of Nigeria (ASCSN) in Ogun State that its funds domiciled in the bank were mismanaged. The bank made this clarification in a statement released on Tuesday, stating that it has conducted an investigation into the transactions, which completely absolved it of any…

Sekibo Urges Govt., Stakeholders to Prioritise SMEs, Youth Entrepreneurship

Bridging the gap to attain sustainable solutions to economic recovery will be the most impactful route to drive lasting and meaningful growth; for this to be achieved, creation of opportunities, conscious inclusion of Small and Medium Enterprises and youth entrepreneurship are crucial. MD/CEO of Heritage Bank Plc, Ifie Sekibo gave this submission on the sidelines…

CBN Selects Technical Partner For Digital Currency Project

The Central Bank of Nigeria (CBN) has announced the formal engagement of the global Fintech company, Bitt Inc., as the Technical Partner for its digital currency, named eNaira, which is due to be unveiled later in the year. This development was disclosed in Abuja by the Governor of the Central Bank, Mr. Godwin Emefiele, who…

Bawa Warns Bank Chiefs against Fraudulent Election Financing, Forex Malpractices

The Chairman of the Economic and Financial Crimes Commission, EFCC, Abdulrasheed Bawa, has sought greater collaboration with financial institutions in the country as a way of tackling fraudulent election financing, foreign exchange malpractices and money laundering. Speaking on Thursday, August 19, 2021 during an interactive session with managing directors of banks in Nigeria at the…

Sanusi’s Exposé on Buhari, APC, Vindicates Us – PDP

The Peoples Democratic Party (PDP) said that the exposé by former Governor of the Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi, that the gains made by Nigeria in 35 years were wiped out in the last five years, vindicates its stance that President Muhammadu Buhari-led All Progressives Congress (APC) administration has wrecked our nation.…

Cotton Production: Ogun Partners CBN, Set To Create 14,000 New Jobs

Determined to increase cotton production and revive textile industry in the country, Ogun State has commenced cultivation of cotton on 4,500 hectares of land and entered into a partnership with the Central Bank of Nigeria (CBN) and Prime Anchor. In a statement by the Chief Press Secretary to the Ogun State governor, Kunle Somorin, on…

Finally, Dangote Fertiliser Commences Production Of Urea

To the admiration of key financial sector operators present, the Dangote Fertilizer Limited announced over the weekend the formal commencement of production of Urea in commercial quantity and the plan to hit the Nigerian market on Monday. In what industry watchers have described as a potent step to liberalize of the fertilizer market and further…