CPPE Urges CBN to Cut Interest Rates After Holding MPR at 27.5%
– Think Tank Applauds CBN’s Decision to Pause Rate Hikes – Calls for Reduction in CRR, Citing Global Comparisons – Warns of Disconnection Between Financial System and Real Economy …
Dormant Bank Accounts in Nigeria Surpass 19.69 Million Despite CBN’s Policy Reforms
|By Adejumo Adekunle- Inactive Accounts Surge in 2024, Peaking at 20.57 Million in Mid-Year CBN Orders Banks to Reveal Dormant Accounts and Unclaimed Funds 6.51% Yearly Increase Recorded Despite…
SERAP Gives CBN 48-Hour Ultimatum to Reverse ‘Unjust’ ATM Fee Hike, Cites Legal Violations
|ByAdejumo Adekunle – Rights group threatens legal action if CBN fails to comply Says policy worsens financial hardship, contradicts consumer protection laws Describes new charges as discriminatory, favouring banks…
Wadada Warns Agencies Over Audit Queries,Threatens Arrest Warrants
IBY Peterside Rejoice Eneky The Senate on Tuesday frowned at blatant disregard of invitation extended to top government agencies to answer queries from the Auditor General on how public…
Naira Slips at Official Market, Holds Steady in Parallel Market as CBN Extends FX Sales
|By Adejumo Adekunle – Local currency weakens to N1,495.60/$1 at official window Black market rate remains stable at N1,610/$1 CBN extends FX sales to BDCs until May 30, 2025…
CBN Chief Warns Banks, BDCs: Adhere to FX Code or Face Consequences
|By Adejumo Adekunle – Cardoso declares an end to unethical forex practices • FX Code aims to boost transparency, restore market trust • Naira strengthens against dollar post-launch …
Bandits Kill Seven in Tattara Village, Nasarawa
IBY Peterside Rejoice Eneky Seven people have been confirmed dead following a nighttime attack by suspected bandits in Tatara village, Pandan Development Area of Karu Local Government in Nasarawa State…
US Returns $52 Million from Ex-Minister Diezani’s Assets
IBY Peterside Rejoice Eneky The Nigerian government has received $52.88 million in assets tied to former Petroleum Minister Diezani Alison-Madueke, recovered from the United States. The announcement was made on…
FCMB Attracts 42,800 Investors, Raises ₦147.5 Billion in Oversubscribed Public Offer
|By Adejumo Adekunle – 33% Oversubscription Shows Investor Confidence Digital Channels Drive 92% of Subscriptions Capital Boost Secures National Banking License Eligibility FCMB Group Plc has successfully completed its…
CBN Plans to Retire 1,000 Staff by December 2024
|By Adejumo Adekunle – N50 Billion Set Aside for Workforce Restructuring Early Exit Package Applications Close December 7 CBN Yet to Confirm Mass Retirement Plans The Central Bank of Nigeria…
