Tag archive for ‘CBN’
By admin On Wednesday, September 22nd, 2021

Onuesoke Faults CBN Threat To Shut Down Aboki FX Over Naira Depreciation

LAGOS SEPTEMBER 22ND (NEWSRANGERS)-Peoples Democratic Party (PDP) Chieftain and former Delta State Gubernatorial aspirant, Chief Sunny Onuesoke has faulted Central Banks of Nigeria (CBN) threat to shut Aboki Fx More...

By admin On Sunday, February 7th, 2021

Ban Of Cryptocurrency In Nigeria Is A Destructive Financial Policy

By Barr. Tuedor Akpevwe Jackson Esq LAGOS FEBRUARY 7TH (URHOBOTODAY)-The news of the Central Bank Of Nigeria (CBN) directive on the prohibition of Banks/individuals from buying, selling and using cryptocurrency More...

By admin On Monday, November 2nd, 2020

Urhobo Social Club Lagos Backs Omo-Agege’s Opposition On Sale Of Zamfara Gold To CBN

LAGOS NOVEMBER 2ND (URHOBOTODAY)-Urhobo Social Club, Lagos (USCL), a foremost social-cultural club of prominent sons of Urhobo origin resident in Lagos has thrown it weight behind the opposition of Deputy Senate More...

By admin On Friday, April 21st, 2017

Naira Records Further Boost, Sells For N376 To Dollar in Black Market

LAGOS APRIL 21ST (URHOBOTODAY)-The Naira firmed up at the Bureau de Change (BDCs) segment on Thursday, April 20, 2017, trading at between N376 and N378 to the United States Dollar in Lagos, Abuja and Kano, following More...

By admin On Friday, March 24th, 2017

Naira Continues To Grow Stronger, Sells 380 Per Dollar

LAGOS MARCH 24TH (URHOBOTODAY)-The Nigerian currency on Friday afternoon exchanged between N380 (buying rate) and N390 (selling rate), stronger than N400 recorded on Thursday, while the pound sterling and Euro More...

By admin On Friday, March 3rd, 2017

Three Million Nigerians Lost N18bn To MMM- NDIC

LAGOS MARCH 3RD (URHOBOTODAY)-The Nigerian Deposit Insurance Corporation (NDIC) on Thursday said that an estimated three million Nigerians lost N18 billion in the ponzi scheme popularly called Mavrodi Mundial Movement More...

By admin On Thursday, March 2nd, 2017

Onuesoke Faults CBN Release of Funds To FOREX Market

Chief Sunny Onuesoke LAGOS MARCH 2ND (URHOBOTODAY)-Delta State Peoples Democratic Party (PDP) Chieftain, Sunny Onuesoke has faulted Central Bank of Nigeria (CBN) recently policy of releasing fund into the Foreign More...

By admin On Tuesday, February 28th, 2017

CBN Pumps More Forex Into Markets As Naira Continue To Appreciate

LAGOS FEBRRUARY 28TH (URHOBOTODAY)–The Central Bank of Nigeria (CBN) Monday said it sold $80 million to retail customers and another $100 million in currency forwards to increase dollar liquidity and support More...

By admin On Sunday, October 9th, 2016

Two Nigerian Army Personnel Indicted in kidnap of CBN Governor’s Wife

Margret Emefiele LAGOS OCTOBER 9TH (URHOBOTODAY)-Two Nigerian Army personnel have been indicted in the kidnap saga of the wife of the Governor of Central Bank of Nigeria. A report monitored in Premium Times had More...

By admin On Saturday, October 1st, 2016

JUST IN: Security Agents Rescue Kidnapped Wife of CBN Governor Near Benin-City

Margret Emefiele LAGOS OCTOBER 1ST (URHOBOTODAY)-Wife of Central Bank of Nigeria ( CBN) Governor, Mrs Margaret Emefiele, kidnapped some 24 hours before, has been released by her abductors. According to family sources More...

By admin On Friday, September 30th, 2016

Abductors Of CBN Governor’s Wife Demand N100m Ransom

Emefiele LAGOS SEPTEMBER 30TH (URHOBOTODAY)-The abductors of the wife of the Governor of the Central Bank of Nigeria, Godwin Emefiele, Margaret, have demanded a ransom of N100 million. Impeccable sources revealed More...

By admin On Tuesday, September 20th, 2016

Goodnews: Naira Appreciates against Dollar at Interbank Market, Stabilizes at Parallel Market

LAGOS SEPTEMBER 20TH (URHOBOTODAY)-The Naira on Monday appreciated against the dollar at the interbank market, the News Agency of Nigeria (NAN) reports. The currency gained 1.4 points to exchange at N307.25 to More...

By admin On Monday, September 19th, 2016

Currency Scandal: How CBN, Govt Officials Launder Forex Through Phony Firms

LAGOS SEPTEMBER 19TH (URHOBOTODAY)-A major scandal has hit the new foreign exchange policy of the Central Bank of Nigeria (CBN) as it is now riddled with sharp practices. The policy, which was introduced in March More...

By admin On Friday, September 2nd, 2016

Naira Sinks Deeper, Sells N420 against Dollar

LAGOS SEPTEMBER 2ND (URHOBOTODAY)-The continued scarcity of foreign exchange on Wednesday pushed the naira to an all-time-low of 420 against the United States dollar at the parallel market. The currency hit its More...

By admin On Thursday, August 25th, 2016

Despite CBN Ban, Diamond Bank Assures Customers of Enhance Quality Service Delivery

LAGOS AUGUST 25TH (URHOBOTODAY)-Diamond Bank Plc has reassured its customers of enhanced quality service delivery and commitment to meet its banking obligations despite the announcement by the CBN that nine commercial More...

By admin On Thursday, August 25th, 2016

Naira Slumps Further, Now N400 to One Dollar

LAGOS AUGUST 25TH (URHOBOTODAY)-The Nigerian currency exchanged at about N400 on Wednesday afternoon, from N397 it closed on Tuesday; while it traded against the Pound Sterling and the Euro at N515 and N450 respectively. At More...

By admin On Monday, August 22nd, 2016

JUST IN: CBN Takes over Board of Skye Bank

LAGOS AUGUST 22ND (URHOBOTODAY)_The Central Bank of Nigeria, CBN, on Monday, took over the Board and management of Skye Bank Plc. The takeover came after the lender failed to meet the regulator’s minimum key More...

By admin On Tuesday, July 19th, 2016

GTB, Stanbic IBTC, Keystone Bank in Trouble for Violating TSA Guidelines

LAGOS JULY 19TH (URHOBOTODAY)-Guaranty Trust Bank, Stanbic IBTC and Keystone Bank are in trouble for violating the guidelines of Treasury Single Accounts as laid down by the Central Bank of Nigeria (CBN). The Central More...

By admin On Tuesday, March 22nd, 2016

Buhari Reveals Agenda for Recovery of Nigeria’s Wobbling Economy

President Muhammadu Buhari LAGOS MARCH 22ND (URHOBOTODAY)-President Muhammadu Buhari on Monday proposed ways of reinvigorating Nigeria’s wobbling economy. It was at the National Economic Council (NEC) two-day More...

By admin On Wednesday, March 16th, 2016

Youth Corpers, Fresh Graduates to Receive N3m from Central Bank of Nigeria

CBN Governor, Emefele Nigeria,CBN,E LAGOS MARCH 16TH (URHOBOTODAY)-The CBN Governor, Mr. Godwin Emefiele, who launched the Youth Initiative Entrepreneurship Development Programme for corps members, said the scheme More...

By admin On Friday, March 11th, 2016

Two Die as Explosion Rocks Central Bank of Nigeria

Scene of the explsion at CBN, Calabar,Cross Rivers LAGOS MARCH 11TH (URHOBOTODAY)-Health workers at the University of Calabar Teaching Hospital confirmed that two people were killed Friday by an explosion at the More...

By admin On Friday, March 4th, 2016

Naira Appreciates, Now N199.06k to Dollar

LAGOS MARCH 4TH (URHOBOTODAY)- – The naira appreciated in value against the dollar at the interbank foreign exchange (FX), while closing stable at the autonomous and parallel market on Thursday. The naira gained More...

By admin On Sunday, February 21st, 2016

CBN Orders Banks To Refund N6.2bn Illegal Charges To Customers

LAGOS FEBRUARY 21ST (URHOBOTODAY)-The Central Bank of Nigeria (CBN), said it compelled Deposit Money Banks (DMBs), to refund N6.2 billion to customers they over charged as cost of transactions in 2015 alone. This More...

By admin On Thursday, January 28th, 2016

Brace Up for Hard Times, CBN Tells Nigerians

LAGOS JANUARY 28TH (URHOBOTODAY)-Guys, mind the way you spend money from now on oh…our economy is entering a critical phase… The Monetary Policy Committee of the Central Bank of Nigeria has warned Nigerians More...

By admin On Wednesday, January 27th, 2016

Nigeria Flirts With Economic Disaster as Currency Controls Stay

LAGOS JANUARY 27TH (URHOBOTODAY)-Central bank Governor Godwin Emefiele on Tuesday resisted calls — again — to weaken the currency despite a plunge in oil prices that’s slashed revenue in Africa’s More...