Tag: Central Bank

Australia Appoints First Woman To Lead Central Bank
July 14, 2023 No Responses

Australia Appoints First Woman To Lead Central Bank

Australia’s central bank says it will be led by a woman for the first time since it was founded in 1960. Michele Bullock will succeed Philip Lowe, who is coming to the end of a seven-year term as governor of...
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Emefiele To Appear In Court Over $70m Judgment Debt
October 21, 2022 No Responses

Emefiele To Appear In Court Over $70m Judgment Debt

The Federal High Court, Abuja has ordered the Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele to appear in court January 18, 2023 to explain his refusal to obey a valid court order.  Justice Inyang Ekwo issued the...
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Senate Passes Bill To Amend CBN Act For Second Reading
September 28, 2022 No Responses

Senate Passes Bill To Amend CBN Act For Second Reading

The Senate on Tuesday at plenary passed for second reading, a bill to amend the Central Bank of Nigeria (CBN) Act.  Leading debate on the general principles of the bill, its sponsor, Sen. Sadiq Umar (APC-Kwara), said the bill was...
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ABCON Urges CBN To Float Naira 
July 31, 2022 No Responses

ABCON Urges CBN To Float Naira 

The Association of Bureaux Des Change Operators of Nigeria (ABCON) has urged the Central Bank of Nigeria (CBN) to float the Naira to halt its further depreciation.  The President of ABCON, Alhaji Aminu Gwadabe, made the appeal on Saturday in...
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CBN Tasks Banks, Others On Bulk Payment
September 9, 2021 No Responses

CBN Tasks Banks, Others On Bulk Payment

The Central Bank of Nigeria (CBN) has directed commercial banks and Payment Service Providers (PSPs) in the country to improve on all bulk payments and transfers systems to ensure transparency.  Mr Jimoh Musa, CBN’s Director, Payment System Management D...
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CBN Decries Low Participation Of South-East In Economic Programmes
May 5, 2021 No Responses

CBN Decries Low Participation Of South-East In Economic Programmes

The Central Bank of Nigeria (CBN) has decried the low participation of the South-East in its economic intervention policies and programmes. The acting Director, Corporate Communications Department of the bank, Mr Osita Nwanisobi, explained on Tuesday during CB...
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CBN Tasks Bank CEOs, Others To Reset Economy
February 27, 2021 No Responses

CBN Tasks Bank CEOs, Others To Reset Economy

The Governor of the Central Bank of Nigeria (CBN) Mr Godwin Emefiele, has urged Bank Chief Executive Officers and other stakeholders to work together to reset the Nigerian economy to achieve massive growth.  Emefiele gave the advice at a one-day...
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‘Cryptocurrency: Central Banks Under Pressure To Create Digital Money’
February 24, 2021 No Responses

‘Cryptocurrency: Central Banks Under Pressure To Create Digital Money’

Following the sudden rise in value and acceptability of Cryptocurrencies and the search by investors for alternative places to put their money, 60 per cent of Central Banks across the globe are under pressure to issue sovereign digital currency.  An...
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CBN Adjusts Timelines For Reversals Of Complaints On Electronic Channels
June 1, 2020 No Responses

CBN Adjusts Timelines For Reversals Of Complaints On Electronic Channels

The Central Bank of Nigeria (CBN) has adjusted timelines for reversals or resolution of refund complaints on electronic channels with effect from June 8. The CBN Director, Corporate Communications, Mr Isaac Okorafor, made this known in a statement in Abuja...
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Heritage Bank, Triton Aqua targets 15,000 tonnes capacity with N2b facility
May 10, 2017 No Responses

Heritage Bank, Triton Aqua targets 15,000 tonnes capacity with N2b facility

The N2billion long-term facility Heritage Bank Plc and Central Bank of Nigeria gave to Triton Aqua Africa Limited (TAAL), under the Commercial Agriculture Credit Scheme (CACS), has continued to boost job creation.   The Managing Director of Heritage Bank Plc...
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