30 results
- 17 Mar 2024
Flutterwave Taps Dipo Fatokun, former CBN Director as Board Chair
Flutterwave, a leading payments technology company, has appointed Dipo Fatokun as the new Chairman of Flutterwave Technologies Solutions Limited. He brings a comprehensive regulatory understanding…
- 18 Feb 2025
CBN Orders Bank Directors with Insider Bad Loans to Resign
Central Bank of Nigeria (CBN) has ordered bank directors with non-performing insider-related loans to step down immediately, as part of efforts to strengthen corporate governance and enhance risk…
- 29 Apr 2021
CBN Fires all First Bank Directors, Reinstates Sacked MD
Central Bank of Nigeria (CBN), has sacked all First Bank of Nigeria (FBN) directors and appointed new ones with immediate effect. The CBN also accused the directors of corporate governance breach,…
- 28 Jun 2018
CBN Mandates Banks’ Directors to Protect Data
Bank directors will henceforth be responsible for the protection and security of customers’ data against e-fraudsters, the Central Bank of Nigeria (CBN) has directed. The new rule followed the…
- 1 Sept 2024
CBN Sacks NIRSAL Executive Directors
Ce ntral Bank of Nigeria (CBN) has terminated the appointments of all executive directors at the Nigeria Incentive-Based Risk Sharing System for Agriculture Lending (NIRSAL). This decision, approved…
- 26 Apr 2018
CBN to Punish Banks, Directors for Money Laundering Offences
Central Bank of Nigeria (CBN) has reeled out new regime of sanctions which includes punishments for banks, their directors as well as huge fines against financial institutions found culpable of any…
- 25 May 2024
CBN Sacks 300 Staff, 14 Directors Affected
Central Bank of Nigeria (CBN) has reportedly sacked about 300 staff members amongst them 14 directors. The layoff of the staff brings the list of those so far disengaged from the bank under Olayemi…
- 1 Sept 2021
CBN Names Nwanisobi, 7 other Departmental Directors
Management of the Central Bank of Nigeria (CBN) has confirmed the appointment of Mr. Osita Nwanisobi as the director, Corporate Communications Department, with effect from August 25, 2021. Mr. Osita…
- 18 Sept 2024
CBN Appoints New Board of Directors for Keystone Bank
Central Bank of Nigeria has reconstituted the board of directors of Keystone Bank. The move announced on Wednesday, is part of the apex bank’s strategy to ensure sustained growth for the financial…
- 23 Jul 2021
CBN to Launch Pilot Digital Currency on October 1
Central Bank of Nigeria (CBN), will launch the pilot scheme of its digital currency by October 1 this year, according to Rakiya Mohammed, director, information technology director, CBN. Mohammed who…
- 25 Jan 2010
CBN Fixes Tenure for Bank CEOs
The Central Bank of Nigeria (CBN) has announced a 10-year maximum tenure for Managing Directors and Chief Executive Officers of banks in Nigeria. Samuel Oni, CBN Director on Banking Supervision said…
- 1 Mar 2024
CBN Revokes Licenses of over 4,000 Bureau De Change Operators
Central Bank of Nigeria (CBN) has revoked the licenses of 4,173 Bureaux De Change (BDC) operators in the country. Yemi Cardoso, CBN Gov The CBN’s Acting Director of Corporate Communications, Sidi Ali…
- 1 Sept 2015
Nigeria Needs N9.6tr to Fund MSME – CBN
Mr Jonathan Tobin, assistant director, Development Fund Department, Central Bank of Nigeria (CBN), said N9.6 tr was needed to adequately fund Micro, Small and Medium Enterprises in the country. Tobin…
- 24 Dec 2020
Yuletide: CBN Probes Scarcity of Funds in ATMs
Central Bank of Nigeria (CBN) said it will investigate the scarcity of funds witnessed by customers in most Automated Teller Machines (ATMs) in Lagos State. Mr Osita Nwanisobi, CBN‘s acting director,…
- 9 Feb 2016
CBN Says Fraud Drops as e-Payment Transactions Rise
Central Bank of Nigeria (CBN) said the value of actual loss to fraud on electronic banking channels declined in 2015 in spite of rise in e-payment transactions. Mr Dipo Fatokun, CBN Director, Banking…
- 24 May 2010
CBN Confirms Appointment of Three Bank CEOs
The Central Bank of Nigeria (CBN) has confirmed as substantive managing directors the managing director-designates of three banks. They are Mr. Godwin I. Emefiele, for Zenith Bank PLC, Mr. Phillips…
- 8 Apr 2015
Transact Business in Dollars and Go to Jail, CBN Warns
The Central Bank of Nigeria (CBN) has warned that anyone who transacts business using foreign currencies in Nigeria risks six months imprisonment or a fine. Ibrahim Mu’azu, CBN director,…
- 8 May 2018
CBN Injects additional $210m into Forex market
The Central Bank of Nigeria (CBN) has revitalized the inter-bank foreign exchange market with another 210 million dollars. Mr Isaac Okorafor, Acting Director, Corporate Communications, CBN,…
- 8 Jan 2014
Lemo Bows Out of CBN after 10 Years
Babtunde Lemo, deputy governor, Operations Directorate, Central Bank of Nigeria (CBN) will retire from the apex bank tomorrow (Friday), after serving two terms of five years each. Lemo is credited…
- 29 Oct 2019
CBN Says 28m Bank Customers Have no Credit History
Central Bank of Nigeria (CBN) has said that 28 million bank customers have never received loans from their banks. Aisha Ahmad, deputy governor, Financial System Stability Directorate, CBN,…
- 1 Jun 2015
CBN Axes Staff Involved in N8Bn Currency Fraud
Central Bank of Nigeria (CBN), Monday, said it had dismissed six officials that were involved in the N8 billion currency fraud in some of its branches. Ibrahim Mu’azu, CBN director, Corporate…
- 5 Feb 2024
No Plans to Convert Domiciliary Accounts into Naira – CBN
Central Bank of Nigeria (CBN) has said that it has no plans to convert domiciliary account holdings valued at 30 billion dollars into Naira. Mrs Hakama Sidi-Ali, CBN’s acting director, Corporate…
- 22 Sept 2023
Yemi Cardoso Assumes Duty as Acting CBN Governor
Dr Olayemi Cardoso, on Friday, formally assumed duty as the acting Governor of the Central Bank of Nigeria (CBN). According to a statement by Isa AbdulMumin, CBN’s Director, Corporate Communications,…
- 3 Aug 2021
CBN Sets N1m as Application Fee for PSHCs Licence
Central Bank of Nigeria (CBN) released guidelines for the establishment and regulation of payments service holding companies (PSHCs) in Nigeria. Musa Jimoh, CBN’s director of payments system…
- 6 Jul 2016
Don’t Panic, No Nigerian Bank is in Distress- CBN
Central Bank of Nigeria (CBN) has discredited reports that some banks in the country may have gone or may be going into distress. Isaac Okorafor, acting director of Corporate Communications, CBN,…
- 28 Sept 2009
Afribank Gets Four Executive Directors
The Central Bank of Nigeria (CBN) has appointed four financial technocrats to join the board of the bank as executive directors. The new directors and the chief executives will implement strategies…
- 10 Dec 2012
Removal of ATM Charges to Wait Till May Next Year
The removal of charges on Automated Teller Machine (ATM) for inter-bank withdrawals would only be possible from the second quarter of next year because enormous works are still required to implement…
- 2 Mar 2023
Adaora Umeoji Retires as Zenith Bank Deputy Managing Director
Dr. Adaora Umeoji, Deputy Managing Director of Zenith Bank Plc, has retired from the financial institution following the new tenure limits for banks’ executives released recently by the Central Bank…
- 25 Jan 2023
CBN Debunks Scarcity of New Naira Notes
Central Bank of Nigeria (CBN) has denied scarcity of the new naira notes as alleged by some Nigerians. Godwin Emefiele, CBN Governor, represented by Musa Jimoh, Director, Payment System Management…
- 1 Dec 2024
CBN Launches New Website Today
Central Bank of Nigeria (CBN) will today launch its newly redesigned website, www.cbn.gov.ng . Mrs Hakama Sidi Ali, acting director, Corporate Communications, CBN, , made this known in a statement on…