Tag Archives: CBN

CBN Launches Afrigo, Bans Dollar Charges On Domestic Transactions, Hints On Deadline For Existing Card Schemes

  Speaking at a virtual launch of the card scheme on Thursday, the Governor of the CBN, Godwin Emefiele, said: “all domestic transactions that are that are going to be conducted in Nigeria will have to be through the Nigerian domestic cards” PEGASUS REPORTERS, LAGOS | JANUARY 28, 2023 With the launch of the National Domestic Card scheme, Afrigo, the ...

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Kidnappers Will Dollarise Ransom Payment If The Naira Is Changed By The CBN” – Sheikh Ahmad Gumi

  Gumi said if kidnappers start using dollars, it will further make the rotten situation badder than imagined. He thereby suggested that the only way kidnapping can be stopped is if there are “robust policing, social justice for all, and equitable wealth distribution” PEGASUS REPORTERS, LAGOS | OCTOBER 30, 2022 Sheikh Ahmad Gumi, the maverick Islamic preacher, took to his ...

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ECONOMY & FINANCE: Press Remarks By Governor Godwin Emefiele On The Issuance Of New Naira Banknotes

  “On the basis of these trends, problems, and facts, and in line with Sections 19, Subsections a and b of the CBN Act 2007, the Management of the CBN sought and obtained the approval of President Muhammadu Buhari to redesign, produce, and circulate new series of banknotes at N100, N200, N500, and N1,000 levels” PEGASUS REPORTERS, LAGOS | OCTOBER ...

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Shocker: CBN To Sell N1.2 trillion Rescued Polaris Bank for N40 Billion To IBB’s In-law

  Polaris Bank was nationalised in September 2018 after AMCON bought its debts. It was known as Skye Bank until the takeover. But AMCON has not been able to sell the bank to investors since the takeover, which was precipitated at the time by the financial crisis, recession, of 2016 and 2017. PEGASUS REPORTERS, LAGOS | AUGUST 3, 2022 Godwin ...

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My Final Appeal and Status Report on Corrupt Practices and Casual Bigotry by The Central Bank of Nigeria, CBN Governor against the Growth and Development of Peasant Farming Communities in Nigeria! -Mallam A. M. Abdullahi

  Fellow Nigerians, there is no respite in sight for the rural farmers in Nigeria, unless and until the CBN untouchable Mafia and corrupt fraudsters and oligarchs are investigated, probed and exposed, regardless of who are their cryptic conspirators and Godfathers! PEGASUS REPORTERS, LAGOS | DECEMBER 9, 2021 POSITIVE CHANGE METAPHORS OR METAMORPHOSIS IN NIGERIA: “HAS BUHARISM BEING TRAPPED BY ...

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ECONOMY: Godwin Emefiele Won’t Resign Over Naira Poor Exchange Rate – CBN

  Nwanisobi who’s the Director of Corporate Communications, just like the CBN Governor, has refused to acknowledge the parallel FX market as a significant part of the currency market. PEGASUS REPORTERS, LAGOS |SEPTEMBER 21, 2021 The Central Bank of Nigeria (CBN) has rebuffed calls for the resignation of its Governor, Godwin Emefiele, amid naira exchange rate concerns. Information guide Nigeria ...

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CBN Deputy Governor Attributes Naira Depreciation On Covid-19 Pandemic

  “You go on to foreign portfolio inflows, you notice that investors also settled their affairs on the side of caution and so, once COVID-19 outbreak occurred, they moved out about $120 billion dollars from emerging markets to safe havens in America and Nigeria is one of those countries from where monies were withdrawn” OYAKHAMOH Y. CARL-ABU’BAKAR | AUGUST 19, ...

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NON-INTEREST BANKING: Lotus Bank Gets CBN Licence To Commence Operation

  “Our values are deeply rooted in partnership. A critical component of our mission is the provision of innovative solutions that drive ethical prosperity for all stakeholders. OYAKHAMOH Y. CARL-ABU’BAKAR Lotus Bank Limited has been granted a licence to operate the non-interest banking operation in Nigeria. Its the first of such concern from the Southwest to be registered by the ...

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Caught Up! CBN Governor Says Digital Currency Is A Must In Nigeria

  Under cryptocurrency and Bitcoin, Nigeria comes 2nd while in the global side of the economy, Nigeria comes 27th. We are still conducting our investigation and we will make our data available.” PEGASUS REPORTERS During the 279th MPR meeting held Wednesday 26th of May in Abuja, the CBN Governor, Godwin Emefiele assured Nigerians that digital currencies will have a place ...

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First Bank Crisis: CBN Sacks Oba Otudeko, Others, Reinstates Sacked MD

  “To us at the CBN, not only is it imperative to protect the minority shareholders, that have no voice to air their views, also important, is the protection of the over 31 million customers of the bank who see FBN as a safe haven for their hard-earned savings”. The Central Bank of Nigeria (CBN) has sacked key board members ...

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