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...
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...
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...
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...
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...
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...
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...
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...
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...
Naira in Free-Fall, Sells N280 to $1 at Parallel Market
LAGOS JANUARY 11TH (URHOBOTODAY)-The Nigerian currency on Monday depreciated further at the parallel market, following implementation of the Central Bank of Nigeria’s downward review of foreign exchange sales More...
Delta Govt Releases N2bn to CBN for Payment of Pensioners
LAGOS DECEMBER 2TH (URHOBOTODAY)-Delta State Governor, Senator Ifeanyi Okowa has released N2 billion to the Central Bank of Nigeria, CBN, for the payment of pensioners in the state through the contributory pension More...
Diamond Bank Denies Distress Report
LAGOS DECEMBER 4TH (URHOBOTODAY)-Diamond Bank Plc, one of Nigeria’s leading banks providing financial services across the shores of the country has dismissed a media report by Sahara Reporters suggesting More...
Treasury Single Account: CBN Imposes N4bn Fines on Skye Bank
LAGOS NOVEMBER 9TH (URHOBOTODAY)-The Central Bank of Nigeria has imposed a N4 billion fine on Skye Bank Plc for failing to render appropriate returns on accounts of some government institutions and agencies. This More...
BVN: Central Bank Warns Bank Customers of Activities of Fraudsters
LAGOS NOVMBER 4TH (URHOBOTODAY)-The Ccentral Bank of Nigeria (CBN) has warned bank customers to be weary of certain unscrupulous individuals that have been sending unsolicited mails and text messages to unsuspecting More...
Oando Records Loss of N184bn in 2014… N35bn Loss for Half-Year 2015
LAGOS OCTOBER 27TH (URHOBOTODAY)-Oando Plc last Friday finally released its long-awaited results for the full-year ending 2014, in which it declared a historic loss after tax of N183.9 billion compared to a profit More...
CBN Fines First Bank, UBA N4.8bn for not Remitting N96.4bn to TSA
LAGOS OCTOBER 27TH (URHOBOTODAY)-It is sanctions galore as the Central Bank of Nigeria (CBN) fined First Bank of Nigeria (FBN) and United Bank for Africa (UBA) a sum of N4.8 billion for non-compliance to the federal More...
IMF Press Nigeria to Further Devalue Naira Currency
LAGOS OCTOBER 22ND (URHOBOTODAY) — The IMF is pressing Nigeria to further devalue its naira currency amid uncertainty over the political and economic outlook for Africa’s biggest oil producer and economy. Analysts More...
Nigeria’s Central Bank Governor Defends Decision not to Further Devalue Naira
LAGOS OCTOBER 6TH (URHOBOTODAY)-Nigeria’s central bank governor has defended his decision not to further devalue the naira despite the pressure on the currency of Africa’s top oil producer amid the global price More...
Nigerian Economy Crumbling as CBN Gov, Emefiele Doubles as Finance Minister
Emiefel LAGOS SEPTEMBER 25TH (URHOBOTODAY)-Nigeria’s central bank governor Godwin Emefiele finds himself discussing policies usually reserved for a finance or economy minister. Almost four months after President More...
100 Days: A Breakdown Of President Buhari’s Activities
Buhari LAGOS SEPTEMBER 8TH (URHOBOTODAY)-President Muhammadu Buhari has been in power for 100 days and it’s only apt to review and relive, what he’s done so far. While many opinion pieces and articles have been More...
FG Hires KPMG, PWC to Conduct Forensic Audit of CBN, SEC, NIMASA, DPR
Buhari LAGOS AUGUST 14TH (URHOBOTODAY) – A forensic audit of all federal government revenue generating agencies is about to commence. The audit is on the order of the committee set up by the National Economic More...
Naira Depreciation: CBN Limits ATM Withdrawals to N60,000 Daily
LAGOS AUGUST 11TH (URHOBOTODAY)-The battle for defence of the Naira value has widened, affecting existing withdrawal limits on Automatic Teller Machines (ATMs) and foreign transactions on all existing Naira debit More...
Anti-Graft War: Buhari Orders Govt Ministries, Agencies to Use Single Govt. Approved Account
Buhari LAGOS AUGUST 10TH (URHOBOTODAY)- – Nigeria’s President Muhammadu Buhari has ordered ministries to use only approved government bank accounts to make payments, the vice president’s office More...
How Commencement of Oil Production in Warri Refinery Reduce Importation of Fuel
LAGOS JULY 28TH (URHOBTODAY)-The Federal Government has expressed readiness to scale down the importation of refined petroleum products following the anticipated bridging of demand gap in local consumption with More...
There is Hope in Nigeria, Osinbajo Assures Nigerians Resident in Ethiopia
VP-Osinbajo-meets-Ethiopia-Minister-of-Foreign-Affairs-Tedros-Adhanon-Ghebreyesus LAGOS JULY 16TH (URHOBOTODAY)-A new Nigeria is happening and it will require the commitment of all Nigerians, according to Vice President, More...