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Tag Archives: CBN

June, 2016

  • 14 June

    Naira Gains At N367/Dollar At Parallel Market

    By Esther Okafor The Naira has firmed against dollar at the parallel market. The naira, fell to 371 last week, but appreciated to 367 on Monday. Economists, analysts and foreign exchange dealers have said the naira will appreciate at the parallel market as soon as the CBN released details of …

March, 2016

  • 27 March

    My Case On Accusation Of Forex Dealing – Aisha Buhari

    Nigeria’s First Lady Aisha Buhari Saturday couched her reaction to the allegation of dealing in illegal forex as “grounds for a lawsuit on defamation of character”. Mrs. Buhari reportedly tweeted that the claim by the opposition Peoples Democratic Party, PDP was false. It is known if the president’s wife has …

  • 19 March

    CBN And Its Crime Against Nigerians

      By Folarin Ademosu   The story about illegal staff recruitment by the Central Bank of Nigeria, CBN, is as depressing as the revelatory “authority stealing” we are told the previous administration engaged in. The CBN skewed recruitment, said to have begun in 2014, have persisted even under President Muhammadu …

  • 11 March

    Explosion At CBN, many Die

    Many people are believed to have died in an explosion that occurred at the Central Bank of Nigeria in Calabar, the Cross River State capital, Friday at about 12.30pm. At least, ten people were said to have been killed and scores other injured. The cause of the explosion is suspected …

  • 11 March

    BREAKING: Explosion Rocks CBN Building In Calabar

    The Central Bank Building (CBN) on Calabar Road by the Millenium Park, Cross Rivers State was rocked by an explosion around 12:00pm Friday. The explosion was said to have been from one of the gas cylinders in the building. The Federal and State Fire Services were on the scene controlling …

  • 11 March

    CBN Discovers Fraud, Suspends Its Officials

    The Central Bank of Nigeria, CBN, Thursday night alerted it discovered ‘a highly sophisticated fraud’ to defraud it. It suspected the connivance of some of its officials, which it said had been suspended. The statement by CBN Acting Director, Corporate Communications, Isaac Okoroafor read below: “A highly sophisticated plot to defraud …

  • 1 March

    #NoBankingDay: Bank Customers ‘Strike’ Today

    Bank customers across the country are expected to go on ‘strike’ today, Tuesday, to press home their accusations of “arbitrary, illegal and excessive charges” by the Deposit Money Banks. The day was declared ‘No Banking Day’ by the Consumer Advocacy Foundation of Nigeria, a non-profit making organisation, to protest the …

February, 2016

  • 24 February

    Senate Tells CBN To Prosecute Those Behind TSA Fraud

    Senate Tuesday directed the Central Bank of Nigeria, CBN, to investigate the abuse of the Treasury Single Account, TSA and recommend those complicit in the fraud for prosecution. The CBN is also required to recover excess payment to TSA contractors outside the operational fee mutually agreed upon. The directives followed a …

  • 19 February

    Clothing Store Flees Nigeria Due To Buhari’s Policy

    Truworths, a South African retail clothing company, has closed shop in Nigeria due to unfavourable monetary policy of the government. In a Reuters  report, Michael Mark, the company’s chief executive officer’s said: “We were unable to operate the stores properly any longer because we were unable to send merchandise to …

  • 1 February

    Exposed: How Ex-CBN Gov. Charles Soludo Gave $7bn Unpaid Loans To First Bank, UBA, 12 Others

    Central Bank of Nigeria, CBN, under the governorship of Charles Soludo, was alleged to have disbursed soft loans of seven million dollars to 14 global asset managers and their local Nigerian counterparts in 2006. The Civil Society Network Against Corruption (CSNAC), has written to the Economic and Financial Crimes Commission (EFCC), …

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