30 results
- 28 Nov 2013
CBN Says Cashless Scheme Will Go Nationwide Next Year
Central Bank of Nigeria (CBN) has concluded plans to extend the cashless policy to other states of the federation before June 2014, according to Tunde Lemo, deputy governor (Operations. Lemo…
- 21 Feb 2012
Lemo for AITEC Banking & Mobile Money Conference
Tunde Lemo, deputy governor, Central Bank of Nigeria (CBN) is to share his insights and experiences of the CBN in the debate on banking regulation at this year’s AITEC Banking & Mobile…
- 14 Jan 2013
Lemo Spurns Mpessa, Says Nigeria Won’t Licence Telcos
Tunde Lemo, deputy governor, Operations, at the Central Bank of Nigeria (CBN) has pooh-poohed what appeared to be the global model for mobile money payment system, the Kenya Mpessa stating that it…
- 8 Mar 2010
CBN to Boost Domestic Credit
The Central Bank of Nigeria (CBN) is to boost domestic credit by facilitating funds to banks through Development Financial Institutions (DFIs). DFIs are financial institutions that provide long-term…
- 6 Aug 2012
“Efficient Payment System’ll Enhance Effectiveness of Monetary Policy, Financial Stability”
Tunde Lemo, the deputy governor, Operations of Central Bank of Nigeria (CBN) has said that an efficient payment system will enhance the effectiveness of monetary policy and the overall financial…
- 7 Sept 2013
CBN Oils NIPOST Facilities for Cashless Initiative
Central Bank of Nigeria (CBN) at the weekend said that Nigeria Postal Service (NIPOST) is gearing up to commence cashless banking initiative. Mr. Tunde Lemo, deputy governor, Operations, Central Bank…
- 12 Nov 2013
CBN Orders Banks to be Security Certified By 2015
The Central Bank of Nigeria (CBN) has mandated all commercial banks to be information security-certified by 2015. Tunde Lemo, deputy governor (Operations), stated this during conferment of ISO 27001…
- 14 Aug 2013
CBN to Circulate New Naira Notes in September
Central Bank of Nigeria will take delivery of new naira notes before the end of September for circulation, according to Dr Tunde Lemo, deputy governor, Operations, of the apex bank. CBN has earlier…
- 27 Sept 2013
Withdrawal Charges to Apply from Tuesday Next Week
Central Bank of Nigeria (CBN) said it will start applying charges on withdrawals and deposits above N500,000 for individuals and N2 million for corporate bodies from October 2. Mr Tunde Lemo, deputy…
- 14 Jul 2024
Osagie Okunbor, Shell Nigeria MD Honoured for Exemplary Leadership
Osagie Okunbor, managing director, Shell Petroleum Development Company of Nigeria Limited, and country chair, Shell Companies in Nigeria, has been recognised for his “Invaluable contributions to the…
- 9 Jan 2014
Pressure on Sanusi to Quit as CBN Governor
The office of the governor of the Central Bank of Nigeria (CBN) is embroiled in a web of claims and counter charges as the presidency has reportedly asked Mallam Sanusi Lamido Sanusi, the governor to…
- 13 Oct 2020
#EndSARS: Angst as CBN Blocks Flutterwave Account
Central Bank of Nigeria (CBN) has temporarily blocked the account of Flutterwave, reason being that the platform was being used to receive donations for the ongoing ENDSARS Protest in the country.…
- 30 Sept 2013
Abia, FCT, Others Go Cashless Today
Abia, Anambra, Kano, Ogun and Rivers, as well as the Federal Capital Territory (FCT) will begin the implementation of the cashless policy charges from today (October 1) as the Central Bank of Nigeria…
- 9 Sept 2013
Banks, Environment Fuel High Interest Rate- CBN
Central Bank of Nigeria (CBN) has accused banks in the country of fueling the high interest rate ghost killing employment creation drive and generally haunting the country, Nigeria CommunicationsWeek…
- 26 Dec 2023
TitanTrust Bank / Union Bank: A Call for Transparency by Investigators
By Azubike Ugwu In the last three days, we have seen a storm of allegations regarding the ownership of Titan Trust Bank Limited (TTB) and Union Bank of Nigeria Plc ("Union Bank"), and this has…
- 28 Feb 2012
Cashless: Experts Warn Against Corporate Greed
Financial experts have warned against the possible hijack of cashless policy of the Central Bank of Nigeria (CBN) by a few individuals or corporations and urged the apex bank to move against limits…
- 16 Feb 2014
CBN, NIgComSat Ink Nationwide Internet Hotspots Deal
Central Bank of Nigeria(CBN) announced at the weekend that in a matter of days, it will sign a multibillion naira contract with Nigerian Communication Satellite (NigComSat ) Limited to power…
- 20 Feb 2014
Jonathan Appoints Emefiele, Zenith Bank Chief to Replace Sanusi
President Goodluck Jonathan has appointed Godwin Emefiele, who is the managing director of Zenith Bank, as the new governor of Central Bank. Mr. Jonathan submitted Mr. Emefiele’s name to the Senate…
- 31 Jul 2014
Changes in AFC’s Board, Alade Assumes Chairmanship
Board of the Africa Finance Corporation (AFC) on Wednesday announced that as part of AFC’s Board succession process, Mr. Adebayo Ogunlesi and Mr. Aliyu Dikko retired from the Board of Directors.…
- 19 May 2013
Cheque Truncation, NEFT Battle for Life
The cheque truncation system of the Central Bank of Nigeria (CBN) is threatening the life of Nigeria Electronic Funds Transfer (NEFT) system, an irrevocable fund transfer instruction because the…
- 27 Jul 2015
Demola, Akabueze Mentor Youths on Management & Administration
As part of efforts to mentor and coach young people in the society, Wesley Chapel, Lekki, a Christian-centred religious institution, has announced Pastor Ben Akabueze, former Lagos State Commissioner…
- 11 Feb 2016
Peter Obi Speaks on Life, Entrepreneurship & Politics at Wesley, Lekki
As part of efforts to bridge the yawning mentorship gap in our society, Wesley Chapel, Lekki, has announced Mr. Peter Obi, former governor of Anambra State and chairman, Security and Exchange…
- 23 Sept 2016
CBN, Others Set for E-PPAN’s eGovt Summit Next Week
Top-notch officials from the Central Bank of Nigeria (CBN) and across Ministries, Departments and Agencies (MDAs) of government with thoughts leaders, executives and players in the electronic payment…
- 8 Nov 2017
Experts Seek Improved e-Channels Security, Banks Lose N237bn In 10 Years
By peter oluka Fraudsters, especially through the electronic payment channels have stolen about N237 billion since 2007 from Nigerian banks. This was made known on Monday by the Niyi Yusuf, country…
- 23 Dec 2021
Titan Trust Bank Acquires Union Bank
Titan Trust Bank Limited (TTB), one of the fastest-growing and customer-centric financial service providers in Nigeria, has acquired Union Bank of Nigeria Plc. This followed an agreement by Union…
- 26 Jul 2015
Winigroup, CBN Seek Collaboration on e-Payment Frauds
Winigroup Ltd, Nigeria’s leading, IT Security, Risk Management Solutions Company in Nigeria and experts in the banking and financial technology industry have called for stronger collaboration among…
- 1 Feb 2010
National Mobile Payment Scheme to Commence Mid Year
The Central Bank of Nigeria (CBN) has said that the national mobile payment system will take off in the country by middle of the year. Mr. Abayomi Atoloye, acting director, Banking Operations said…
- 8 Mar 2010
MasterCard to Drive Innovation in Nigeria’s Payments Industry
MasterCard Worldwide announced that it will work with customer financial institutions and the government to bring more innovation to commercial transactions and payment solutions to Nigerian…
- 26 Jul 2010
CBN Set to Enforce National Central Switch Monopoly
Central Bank of Nigeria (CBN) is set to release a memo on e-payment interoperability in the country that will mandate that banks should connect to the National Central Switch (NCS) and any other…
- 6 Feb 2012
FirstBank Holds 31% of Card Market, Poised for Cashless Regime
First Bank plc, Nigeria’s oldest commercial bank, said it was ready to fully implement the recently introduced ‘cash-less’ policy announced by the central bank of Nigeria (CBN) on the…