Business
CBN, Bill Gates To Collaborate On Financial Inclusion
The Central Bank of Nigeria (CBN) and the Bill and Melinda Gates Foundation (BMGF) have held strategic discussions in Abuja on how to deepen collaboration on financial inclusion in Nigeria. Speaking during the meeting on June 22, 2023, the Bank’s Acting Governor, Mr. Folashodun Shonubi, reiterated the commitment of the…
Read More »Folashodun Shonubi steps in as Acting CBN Governor
Following the suspension of the Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele from office on Friday by President Bola Tinubu, the Deputy Governor (Operations Directorate), Mr. Folashodun Adebisi Shonubi has been directed to be the acting governor. About Shonubi Mr. Folashodun Adebisi was born on the 7th of…
Read More »BVN remains for life, No expiry date – CBN
The Central Bank of Nigeria (CBN) says the Bank Verification Number (BVN) issued in Nigeria remains for life and has no expiry date, as reported by a national newspaper. The apex bank Acting-Director, Corporate Communications, Alhaji Isa Abdulmumin, said this in a statement on Wednesday, the claim is completely false,…
Read More »NDIC Lauds Judiciary, Solicitors on Diligent Prosecution of Failed Bank Case
The Managing Director/Chief Executive Officer, Nigeria Deposit Insurance Corporation (NDIC), Mr. Bello Hassan has commended the Judiciary and Nigerian Bar for collaboration with the Corporation in the diligent and timely prosecution of failed bank cases over the years. Hassan gave the commendation in Abuja at the sensitization seminar for external…
Read More »9mobile invests over N70b on network modernization
9mobile, Nigeria’s innovative and customer-friendly telecommunications company, affirmed that its business is on the path of a resurgence following the enormous investments into its network operations and a strong commitment by the board and management to aggressively reclaim market share. This assertion was made at its Annual Channel Partners Conference…
Read More »N300b Bond Listing: Dangote Industries lauds NGX market depth
The Group Chief Executive Officer, Dangote Industries Limited, Mr Olakunle Alake has expressed delight upon the completion of the listing of the firm’s N300bn series 1 and 2 Bonds on Nigerian Exchange Limited, commending the depth of capital market. This was said at the Closing Gong Ceremony commemorating the listing…
Read More »NGX: Market capitalisation continues on negative note, sheds N622bn
The domestic stock market on Nigeria Exchange Ltd. (NGX) continued on a negative note as the market capitalisation on Monday dropped by N622 billion amid sustained profit-taking activities. Accordingly, investors lost N622 billion in value as market capitalisation declined to N29.281 trillion from N29.903 trillion recorded at the previous session.…
Read More »CBN Confirms Evacuation of Banknotes to DMBs
Concisedaily News -The Central Bank of Nigeria (CBN) has confirmed the evacuation of banknotes from its vaults to commercial banks across the country as part of a coordinated effort to ease the circulation of banknotes of various denominations. The CBN has also directed all commercial banks to open for operation…
Read More »International Women’s Day (IWD) 2023: CBN Gov, Emefiele Seeks Gender Parity
ConcisedailyNews – The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has felicitated Nigerian women and called for more engaging conversations on how women can leverage technology and innovation to bridge the digital gender gap. Mr. Emefiele, in his keynote address at the CBN IWD webinar to commemorate…
Read More »CBN breaks silence, says Old N200, N500, N1,000 notes remain legal tender
The Central Bank of Nigeria, CBN, declared on Monday that the old N200, N500 and N1000 banknotes remain legal tender alongside the redesigned banknotes till Dec. 31, 2023. It said in a statement issued by its Acting Director, Corporate Communications, Alhaji lsa AbdulMumin that the decision was reached at a…
Read More »
