The Central Bank of Nigeria has revised the regulatory requirements for the tenure of executive management and non-executive directors of Deposit Money Banks and Financial Holding Companies in the Code Of Corporate Governance For Banks And Discount Houses (Ref: FPR/DIR/CIR/GEN/01/004).
In a circular titled ‘Review of tenure of executive management and non-executive directors of Deposit Money…
The Central Bank of Nigeria has appointed Dr Isa Abdulmumin as its acting director of Corporate Communications Department.
Abdulmumin, formerly a deputy director, took over from Osita Nwanisobi, who retired from the bank on Friday, after serving as the director of…
The Association of Corporate Affairs Managers of Banks (ACAMB), the umbrella body of corporate and marketing communications professionals working in Nigeria’s banking sector, has debunked rumours trending on social media that the Central Bank of Nigeria (CBN) will shutdown…
THE Central Bank of Nigeria (CBN) has released cash to the Independent National Electoral Commission (INEC) ahead of national and state elections on February 25 and March 11.
The amount was not disclosed.
A source at the apex bank confirmed to The Nation that the cash was…
Operatives of the Ekiti State Amotekun Corps have arrested a man, identified as Celestine, with counterfeited new N1,000 notes amounting to about N250,000.
Celestine, who claimed he was an Anambra State born Lagos-based businessman, said he was heading from Lagos State to…
The Central Bank of Nigeria (CBN) has said that only the old N200 notes will be reissued and will circulate alongside the new notes at the behest of President Muhammadu Buhari. The bank confirmed this in a statement signed on Tuesday in Lagos by Edward Adamu, vice president of corporate services, and Osita Nwanisobi, director of corporate communications at CBN.
CBN said in a fake press release…
The Central Bank of Nigeria has said that a press release posted on First Lady Aisha Buhari’s Instagram page is not true. A message posted on Aisha’s page on Tuesday said the old N500 and N1000 banknotes will remain legal tender for the next 70 days, until May 1…
The Central Bank of Nigeria has threatened to investigate, arrest and prosecute anyone spreading fake news about the naira redesign policy.
This threat was contained in a statement on Tuesday jointly signed by the CBN’s Deputy Governor, Corporate Services, Edward Adamu…
Nigeria’s foreign exchange reserves fell $427.14 million this month, data from the Nigerian Central Bank showed on Monday. This is due to the fact that the currency crisis in the country was exacerbated by the shortage of new naira banknotes.
According to CBN’s foreign exchange reserves movement data, foreign exchange reserves, which stood at $37.21 billion as of January 18, decreased…