Tambuwal Asks CBN Not To Recover $2.1bn Loans To States
Aminu Tambuwal, governor of Sokoto, has appealed to the Central Bank of Nigeria (CBN) to shelve its plan to recover $2.1 billion loans given to state governments as budget support…
Money Printing: Obaseki’s Claim Didn’t Reflect True Position, Says APC Governors
The Progressive Governors’ Forum (PGF), a group of governors elected on the platform of the All Progressives Congress (APC), has refuted a claim that the federal government printed N60 billion…
CBN Governor Blast Obaseki Over Printing Money
Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says the claim by Godwin Obaseki, Edo state governor, that the federal government printed N60 billion in March to…
FG Tenders $1m Cash ‘Recovered’ From Ex-Air Force Chief
The federal government has tendered before a federal high court in Abuja, $1,030,000 it allegedly recovered from the residence of Mohammed Dikko Umar, former chief of air staff. Umar was…
Just In: CBN Introduces New Charges For USSD Services
The Central Bank of Nigeria (CBN) has introduced new charges for customers using the Unstructured Supplementary Service Data services. The apex bank said from Tuesday customers will pay a flat…
CBN Reopens N50bn COVID Loan Portal For Households, Businesses
The Central Bank of Nigeria (CBN) is receiving applications for its N50 billion targeted credit facility (TCF) aimed at supporting households and micro, small and medium enterprises (MSMEs) affected by…
CBN Investigates Banks Involved In Crytpo Trading
The Central Bank of Nigeria (CBN) has launched an investigation into financial institutions offering services to cryptocurrency traders. On Monday, the bank sent out examiners to start looking into the…
CBN Orders Mobile Money Operators to Maintain N2b Capital Base
By Lukman Amusa Mr Musa Jimoh Director, Payments System Management Department, of the Central Bank of Nigeria (CBN) said Mobile Money Operators (MMOs) are to maintain a minimum of N2 billion capital base, They have…
FULL LIST: 42 microfinance banks lose licences
The Central Bank of Nigeria (CBN) has withdrawn the operating licenses of 42 microfinance banks (MfBs). The affected banks have been shut down. The affected banks are Hedgeworth MFB, Utako,…
Why I Sacked Sanusi As Emir Of Kano – Ganduje
Kano State Governor, Dr Abdullahi Ganduje on Tuesday gave reasons why he dethroned Alhaji Muhammadu Lamido Sanusi as the Emir of Kano. The governor said he took the decision to…
