30 results
- 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…
- 30 Sept 2021
CBN Postpones Launch of eNaira
Central Bank of Nigeria (CBN), has postponed its Central Bank Digital Currency (CBDC), known as eNaira, due for today, the country’s 61st independence anniversary, according to Mr. Osita Nwanisobi,…
- 24 Feb 2023
CBN Appoints Isa Abdulmumin as New Spokesman
Central Bank of Nigeria (CBN) has appointed Dr Isa Abdulmumin as the Acting Director, Corporate Communications Department. Abdulmumin takes over from Mr Osita Nwanisobi, who has retired from the apex…
- 21 Sept 2021
CBN Faults Calls for Emefiele’s Resignation
Mr Osita Nwanisobi, spokesman of the Central Bank of Nigeria (CBN), has faulted calls from certain quarters for the resignation of Mr Godwin Emefiele, governor, CBN, over issues relating to the…
- 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,…
- 11 Jun 2021
CBN Debunks Report on Planned Nationalisation of Unity Bank
The Central Bank of Nigeria (CBN) has denied planning to nationalise Unity Bank Plc as alleged by an online news medium. Reacting to the report, Osita Nwanisobi, Acting Director, Corporate…
- 3 Dec 2021
CBN Guarding eNaira against Hackers, Fraudsters – Spokesman
Central Bank of Nigeria (CBN) has assured that it has put in place effective mechanisms to insulate the e-Naira from hackers and fraudsters. Mr Osita Nwanisobi, director, Corporate Communications…
- 28 Oct 2021
CBN, Security Agencies Crackdown on Ponzi Scheme Operators
Central Bank of Nigeria (CBN) is collaborating with security agencies in the country to fish out and prosecute ponzi scheme operators who specialise in defrauding innocent Nigerians of their money,…
- 13 Feb 2022
Customers Cry Out over Indiscriminate Charges on Bank’s Accounts
Commercial Banks customers have raised alarm and expressed concern about indiscriminate and unexplained charges on their accounts by various banks. The customers, in separate interviews with the News…
- 2 Aug 2021
CBN Dismisses Rumours of Plans to Convert Forex in Customer’s Domiciliary Accounts into Naira
Central Bank of Nigeria (CBN) has allayed fears over domiciliary account deposits as it dismissed rumours of plans to convert foreign exchange in customer’s domiciliary accounts into Naira. Osita…
- 19 Dec 2021
CBN Warns Banks against Excess Charges, Illegal Debits
Central Bank of Nigeria (CBN) has warned banks in Nigeria to desist from multiple and indiscriminate charges and debits on customers’ accounts. The apex bank also asked affected customers to apply…
- 2 Feb 2023
CBN Orders Banks to Start Paying New Notes over the Counter
Central Bank of Nigeria (CBN) has directed deposit money banks (DMBs) to commence the payment of the redesigned Naira notes over the counter, subject to a maximum daily payout limit of N20,000. Osita…
- 21 Jul 2022
CBN Clarifies Warning on Criminal Currency Conversion
Central Bank of Nigeria (CBN) on Thursday explained that the statement made by Godwin Emefiele, governor, at the last Monetary Policy Committee (MPC) meeting briefing, was a stern warning to bank…
- 26 Aug 2021
U.S Trains 50 Nigerian Investigators to Combat Cryptocurrency Fraud
The U.S. authorities have trained over 50 Nigerian investigators and prosecutors to tackle cryptocurrency-enabled organised crimes. The training, which was held virtually, focused on enhancing the…
- 16 Dec 2020
Azimo, Transfer Wise are Operating Illegally- CBN
Central Bank of Nigeria (CBN) has warned the general public to be careful of doing business transactions with Azimo and Transfer Wise. The apex bank said that anyone who transacts with the firms is…
- 1 Nov 2020
CBN Asks Banks to Accept Jewelleries as Collateral for Loans
Central Bank of Nigeria (CBN) has charged Financial institutions in the country to accept Jewelleries and motor vehicle particulars as collaterals for loans from small holder farmers. This is in a…
- 7 Oct 2021
CBN Commits over N1.3 trillion to Boost Economy
The Central Bank of Nigeria (CBN) has committed over N1.3 trillion to various intervention programmes, in order to boost the economy, in the last one and half years following the outbreak of the…
- 24 Oct 2021
Buhari to Float eNaira Today
President Muhammadu Buhari will today (Monday) formally unveil the country’s first digital currency, eNaira, at State House, Abuja. Central Bank of Nigeria (CBN) in a statement issued at the weekend…
- 29 Oct 2021
eNaira Facing Minor Challenges, But is Secure – CBN
Central Bank of Nigeria (CBN) has said that the said the security and dependability of the eNaira stems from the fact that it uses cryptographic technologies encrypted with two factors for…
- 21 Nov 2021
Bank Customers Lose N42.7Bn to Fraudsters in 3 Months- Report
Bank customers lost a whopping N42.755 billion to fraudulent activities perpetrated through social engineering in just three months. Social engineering is when fraudsters trick individuals to reveal…
- 17 Dec 2021
Remi Babalola Quits FBN Holdings as Chairman, CBN Appoints Alhaji Ahmad Abdullahi as Replacement
Mr Remi Babalola, chairman of FBN Holdings Plc, has exited his position barely nine months after he was appointed. The Central Bank of Nigeria (CBN) has also approved the appointment of Alhaji Ahmad…
- 22 May 2022
CBN Dismisses Report on Planned Replacement of Naira Notes with eNaira
Central Bank of Nigeria (CBN) has dismissed report on planned replacement of Naira notes with the country’s digital currency, eNaira. Reports emerged at the weekend that the apex bank will phase out…
- 20 Oct 2022
CBN, AMCON Complete Acquisition of Polaris Bank by SCIL
The Central Bank of Nigeria and the Asset Management Company of Nigeria have formally announced the completion of a Share Purchase Agreement for the acquisition of 100 per cent of the equity in…
- 8 Oct 2020
Beware of Fraudulent Loan, Investment Offers via SMS - CBN
Central Bank of Nigeria (CBN) has dissociated itself from fraudulent messages and videos on social media requesting loan seekers and small business owners to apply for loans purportedly facilitated…
- 7 Feb 2021
Criminal Cartel Hijack Bank Data, Demand Ransom in Bitcoins
Criminal cartel recently hijacked a local commercial bank’s data and demanded for a ransom payment in bitcoins, according to the Tribune. This reportedly prompted the Central Bank of Nigeria (CBN) at…
- 16 Mar 2021
Customers to Pay N6.98 for Every USSD Transaction – CBN, NCC
Mobile Network Operators (MNOs) and Deposit Money Banks (DMBs) have agreed on a new pricing regime of N6.98k for every Unstructured Supplementary Service Data (USSD) transaction. This was disclosed…
- 11 Apr 2021
Banks Wriggle to Avoid Payment of N43Bn Owed Telcos
The dispute over the N42 billion owed telecommunications operators in the country by money deposit banks took a new dimension at the weekend as the banks claimed they are not indebted to the telcos…
- 7 Jun 2021
CBN to Punish Banks Denying Forex to Travelers
Central Bank of Nigeria (CBN) has warned that any Deposit Money Banks (DMBs) that denies travellers and other foreign exchange (forex) users access to dollars will be punished. Godwin Emefiele,…
- 10 Jun 2021
CBN may Launch Digital Currency End of 2021 – Official
Central Bank of Nigeria (CBN) on Thursday in Lagos said that its digital currency might be launched by the end of 2021. Pix credit....Makemoney.ng Mrs Rakiya Mohammed, an Information Technology…
- 25 Jul 2021
Panic Withdrawal: Zenith Bank not Distressed- CBN
Central Bank of Nigeria (CBN), the financial regulator has reiterated the resilience, safety and soundness of Nigerian Deposit Money Banks (DMBs) and other financial institutions under its…