DSS denies arrest, detention of suspended CBN Governor
The Department of State Services (DSS) has denied reports that it has arrested the suspended Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele. The DSS stated this in…
President Tinubu suspends Emefiele
President Bola Tinubu has suspended the Central Bank Governor(CBN), Mr Godwin Emefiele, from office with immediate effect. The Secretary to the Government of the Federation (SGF), Sen. George Akume, made…
We have not devalued the naira – CBN
The Central Bank of Nigeria (CBN) has dispelled rumours that it devalued the Naira, describing the news as fake. The CBN made the denial on Thursday in a statement by…
Licence revocation: NAMB begins recapitalisation appraisal of MFBs
The National Association of Microfinance Banks (NAMB) has directed all licensed Microfinance Banks (MFBs) nationwide to update it on their recapitalization status for assessment and follow-up actions with the regulatory…
Women Accountants empower women, sinks borehole, provides free medical services in FCT
Queen Mbang Esu (FCA), Chairperson The Society of Women Accountants of Nigeria (SWAN), Abuja Chapter, (R) presenting a gift to Monica Anosike, (FCA) Incoming Chairperson The Society of Women Accountants…
Naira: Tinubu promises to revisit redesign policy
President Bola Tinubu, has promised to revisit the naira redesign policy of the Central Bank of Nigeria (CBN). Tinubu, who said this in his inaugural speech in Abuja on Monday,…
CBN jacks interest rate to 18.5%
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate (MPR) to 18.5 per cent from 18 per cent. The CBN Governor,…
Afro pop singer Detailmadeit appeals to CBN to improve FCT entertainment sector
By Collins Yakubu-Hammer A popular Abuja based Afro-pop artiste, Chidubem Kenechukwu Udeoji, known as ‘Detailmadeit’ has called on the Central Bank of Nigeria (CBN) to grant artistes access to creative…
MfBs now better positioned for financial inclusion drive – NAMB
….. says MfBs’ licence revocation rumour is mischievousThe National Association of Microfinance Banks (NAMB), the umbrella body for all licensed Microfinance banks (MfBs) in the country, has restated the commitment…
Involve MfBs in policy formulation, implementation, NAMB urges CBN
The National Association of Microfinance Banks (NAMB) has renewed its call on the Central Bank of Nigeria (CBN) to always Involve MfBs in the formulation and implementation of key policies.…
Supreme Court orders old N200, N500, N1,000 notes to remain legal tender
The Supreme Court on Friday ordered the Federal Government to allow the old Naira notes to continue as legal tender until Dec. 31, 2023. Justice Emmanuel Agim, who read the…
TAJBank reiterates commitment to deepen penetration across geo-political zones
L-R: The Executive Director/ECO TAJBank Limited, Mr. Sherif Idi; one of the customers of the bank, Alhaji Ali Balarabe; Chairman Board of Directors of TAJBank, Alhaji Tanko Isiakwu Gwamna; and…
Old Naira Notes still remains legal tender in Kaduna State until Supreme Court says otherwise-El-Rufai
KADUNA UPDATE: Let us stand up strongly for democracy, peace and national unity State Broadcast by Malam Nasir El-Rufai, Governor of Kaduna State, 16th February 2023. My dear people of…
President Buhari address Nigerians on New Naira Notes, State of the Nation
NATIONAL BROADCAST BY HIS EXCELLENCY MUHAMMADU BUHARI, PRESIDENT, FEDERAL REPUBLIC OF NIGERIA ON THE CHALLENGES OF THE CURRENCY SWAP AND STATE OF THE NATION, ON 16th FEBRUARY, 2023 My Dear…
Buhari to extend validity of old naira notes till April 10
President Muhammadu Buhari is considering extending the validity of old naira notes by 60 days, TheCable understands. This is to avoid disobeying the order of the Supreme Court of Nigeria…