Emefiele Archives — Page 10 of 10

July 27, 2016 No Responses

CBN raises interest rate to 14 per cent

The Central Bank of Nigeria (CBN) has raised monetary policy rate (MPR) from 12 per cent to 14 per cent as part of measures to curtail inflation. CBN Governor, Godwin Emefiele explained at the end of the Monetary Policy Committee...

July 24, 2016 No Responses

CBN direct banks to sell forex to BDCs

By Moses Ebosele – AS part of measures to ensure stability of the Exchange rate, the Central Bank of Nigeria (CBN) has directed agent banks approved for international money transfer operators to sell foreign currency accruing from inward money remittan...

July 13, 2016 No Responses

FBN Capital partners Oxford Business Group on research

By Moses Ebosele – FBN Capital has signed a research Memoradum of Understanding (MoU) with Oxford Business Group (OBG). Under the aggrement, a report by OBG will examine the Central Bank of Nigeria’s monetary policy, review the country’s recently-r...

July 13, 2016 No Responses

Diamond Bank unveils Mobile POS

By Moshood Aliyu – To increase safety and reliability in payment, Diamond Bank Plc in collaboration with Microsoft has introduced Diamond Mobile POS (MPOS). Speaking on the partnership between Diamond and Microsoft on Tuesday in Lagos, Diamond Bank...

July 7, 2016 No Responses

No bank is in distress, says CBN

The Central Bank of Nigeria (CBN) has dismissed allegations in some quarters that certain banks in the country are in distress. In a statement, the apex bank described the allegation as unfounded, “malicious rumors and unfounded speculations,” addin...

July 6, 2016 No Responses

Shareholders divided over compulsory resignation of Skye Bank Board, Management

Controversy has continued to trail the compulsory retirement of the Board and Management of Skye Bank Plc by the Central Bank of Nigeria (CBN). A cross section of the Bank shreholders who spoke with City BusinessNews expressed divergent views on...

July 5, 2016 No Responses

CBN removes Skye Bank Board, Management

THE Central Bank of Nigeria (CBN) has replaced the Board and management of Skye Bank Plc. Addressing Journalists in Lagos, CBN Governor, Mr Godwin Emefiele said the Bank failed failed to meet the regulator’s minimum key liquidity and capital adequacy...