CBN - Page 2

States may sack 600,000 employees to implement minimum wage

Spend 130% of yearly IGRs on wage bills Kano, Imo, others spend about 40% of total revenue on personnel Govs need to create revenue-generating activities to prevent crisis, says Owoh Worry over undocumented borrowings

16 hours ago

by Geoff Iyatse

CBN’s 26% interest rate stiffling growth, Dangote laments

Chairman and Chief Executive Officer of Dangote Group, Aliko Dangote, has criticised the latest increment of interest rate to almost 30 per cent by the Central Bank of Nigeria (CBN). At the

6 days ago

News·Nigeria

Are banks pinching pennies from the poor?

When the tireless Akintunde Asalu was alive, shareholders had influence over Board actions. There’s been less impact since his exit and less transparency as a result. One valuable insight from the meticulous watchman was:

6 days ago

Columnists·Opinion

Nigeria to host Agric Machines, Equipment, Technology Expo

The Federal Ministry of Agriculture and Food Security, in collaboration with the Central Bank of Nigeria, CBNetwork Global Concept, and other major stakeholders, is set to host the world at the Africa

6 days ago

News

N35bn discovered in Mompha’s accounts, witness tells court

The sixth prosecution witness, Idi Musa, on Monday, testified before Justice Mojisola Dada of the Special Offences Court in Ikeja, Lagos, revealing that N35bn was found in two bank accounts linked to

6 days ago

Metro

‘W/African central banks must promote compliance with global practice’

Central banks of West African countries must ensure that regulatory requirements are tailor-made to foster compliance with international standards, the Governor of Central Bank of Nigeria (CBN), Olayemi Cardoso, has said. Speaking

7 days ago

Business

A foreign affairs perspective to diplomatic protection

Virtual assets like cryptocurrency are gaining popularity in the global investment market. A teeming and vibrant youth population has driven crypto adoption in Nigeria and presently, it is not uncommon to find

7 days ago

Columnists·Opinion

Trader sues CBN, CAC over PoS registration

A businessman, Emmanuel Haruna, has dragged the Central Bank of Nigeria (CBN) and the Corporate Affairs Commission (CAC) to court over Point of Sale (PoS) registration. He said the directive by the

7 days ago

Law

SERAP gives CBN seven days to account for missing N100b dirty notes, others

Socio-Economic Rights and Accountability Project (SERAP) has urged the Governor of Central Bank of Nigeria (CBN), Olayemi Cardoso, to explain the whereabouts of over N100 billion bad notes and other large sums

1 week ago

News

Empty ATMs dot metropolis as banks trade cash with PoS operators – Currency commoditisation

• Counter transactions restricted to N20,000 • Cash points fleece customers through arbitrary charges • Rural dwellers charged 10% by rent-seeking currency traders • Bank-neutral cash hubs in limbo two years after

1 week ago

News·Slide

CBN to implement more policies to tackle cybersecurity challenges

The Central Bank of Nigeria (CBN) says it will continue to implement more policies to tackle cybersecurity challenges and foster innovation to ensure the stability and integrity of the financial system. The

1 week ago

Business

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CBN - Page 2

States may sack 600,000 employees to implement minimum wage

CBN’s 26% interest rate stiffling growth, Dangote laments

Are banks pinching pennies from the poor?

Nigeria to host Agric Machines, Equipment, Technology Expo

N35bn discovered in Mompha’s accounts, witness tells court

‘W/African central banks must promote compliance with global practice’

A foreign affairs perspective to diplomatic protection

Trader sues CBN, CAC over PoS registration

SERAP gives CBN seven days to account for missing N100b dirty notes, others

Empty ATMs dot metropolis as banks trade cash with PoS operators – Currency commoditisation

CBN to implement more policies to tackle cybersecurity challenges

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