Tags: Central Bank of Nigeria

Buhari Orders CBN Not To Give Forex For Food Import

  President Muhammadu Buhari has once again ordered the Central Bank of Nigeria (CBN) not to give foreign exchange for food importation. The president who on Tuesday reiterated his earlier directive given to the CBN in September promised that his administration will keep a keen eye on food inflation in the New Year. President Muhammadu…

Nigerians To Become Landlords With N2m Under ESP Scheme – FG

The Federal Government has revealed that Nigerians will now be able to acquire houses built by the government for as low as N2 million, as the housing scheme of the Economic Sustainability Plan (ESP) kicks off. The initiative, according to the FG, is a bold response by the Buhari-led administration to tackle the adverse economic…

Ex-Bankers Indicted in CBN Mutilated Currency Scam Lied About Bribe Demand from EFCC

The Economic and Financial Crimes Commission, EFCC has denied claims that its investigators pressured former bankers, standing trial for allegedly defrauding of the Central Bank of Nigeria in the mutilated currency scam, for a bribe of N96 million for their release on bail. Three former bankers, Ayodele Adeyemi, Ishaq Akano and  Ajiwe Adegoke had in…

CBN Requests Account Statements of ‘Baba Ijebu’

The Central Bank of Nigeria (CBN) has requested that all banks in the country should submit the statements of domiciliary accounts some high profile individuals, including owners of popular betting companies Nigeria. Baba Ijebu and Premier Lotto Founders who alongside some individuals recently had their company’s bank accounts frozen over forex infractions are part of…

How Suspended PTDA DG Saved N7b in 6 Months—Group

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…

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…