Tag: Central Bank of Nigeria
October 12 in Nigerian History: CBN introduced N1000 Banknote Under Soludo
On October 12, 2005, the Central Bank of Nigeria (CBN) officially put the One Thousand Naira (N1,000) banknote…
ANALYSIS: Can Nigeria spend its $53bn reserves to fight insecurity?
Nigeria’s external reserves have climbed to $53.31bn, but the growing foreign exchange buffer has sparked a debate over…
INSIDE PFIPC: How CBN, OAGF accounts deepened controversy over disputed investment council
Fresh details have emerged in the controversy surrounding the Presidential Foreign Investment Promotion Council after the Central Bank…
The 12-Year CBN Tenure Rule that forced Elumelu’s UBA Retirement
Tony Elumelu has spent years helping shape one of Africa's biggest banking institutions, making his impending departure from…
SHADOW OFFICE? Questions trail ‘non-existent’ agency linked to CBN accounts, budget allocation
The disclosure by the Presidency that the Presidential Foreign Intervention Promotion Council (PFIPC) was never an authorised government…
July 1 in Nigerian History: CBN’s First Banknotes Released
On July 1, 1959, the Central Bank of Nigeria released the country’s first indigenous banknotes, replacing the West…
The Significance of Femi Otedola crossing the 20% stake mark in First HoldCo
Major ownership changes within financial institutions rarely happen overnight, especially when they involve companies whose history stretches across…
BVN changes explained: Why some Nigerians are worried
The conversation around banking safety in Nigeria has taken a new direction since fresh discussions began around updated…
17 Things To Know About Adepeju Adebanjo, FCMB Group’s New Director
FCMB Group Plc has appointed the chairman of the board of the Lagos State Employment Trust Fund (LSETF),…
The most controversial banking policy changes in Nigeria right now
The conversation around money in Nigeria has entered a phase that feels less like policy discussion and more…
Update: Nigerian Banks yet to meet CBN Recapitalisation target
Nigeria’s banking space is entering one of its most sensitive financial reorganisations in recent years, yet the tension…
CBN releases new POS rules: 8 key things that will affect your cash withdrawals
Nigeria’s financial environment has moved into a stricter cash control phase following updated Central Bank of Nigeria directives…