Tag Archives: CBN

CBN hosts FICAN Bi-Monthly Forum on e-payment The Central Bank of Nigeria (CBN) will be hosting the September Edition of the Finance Correspondents Association of Nigeria (FICAN) Bi-Monthly Forum in Lagos. The event, with theme: ‘Development in the Electronic Payment Industry in 2016’ will hold on Saturday, September 10 at the FICAN Centre, Onipanu Lagos. The Guest Speaker, Mr. ‘Dipo …

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First Bank Appoints New Chief Risk Officer FRIDAY EKEOBA As part of its sound corporate governance drive, First Bank of Nigeria Limited has announced the appointment of Mr. Olusegun Alebiosu as its new Chief Risk Officer (CRO). Prior to this appointment, Alebiosu was the Chief Risk Officer of Coronation Merchant Bank.   Alebiosu’s appointment, which is still subject to approval by …

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CBN lifts suspension from FX Market on Fidelity Bank, eight others Dayo Emmanuel   The management of Fidelity Bank Plc has announced to customers of the bank the Federal Government of Nigeria’s recent lifting of suspension from the FX Market. In a release made available to customers and signed by the management, the bank is pleased to inform the public …

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Manufacturers to get 60% forex Perturbed by the continued dwindling fortune in the domestic economy, the  Central Bank of Nigeria (CBN) has directed  Authorised Dealers (banks) to allocate 60 per cent of their  Foreign Exchange, (forex) purchases from all sources (interbank inclusive) to  manufacturers and 40 per cent to other users for the purpose of trade and other obligations. In …

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The Securities and Exchange Commission (SEC) is pleased to notify the investing public that dividend warrants can now be deposited into savings accounts. This follows the directive from the Central Bank of Nigeria (CBN) via Circular referenced BPS/DIR/GEN/CIR/03/005 dated 28th July, 2016 instructing banks to allow customers with BVN to deposit cheques into their savings account. As part of several …

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Friday Ekeoba The Lagos Chamber of Commerce and Industry, LCCI has said that the recent position of the Central Bank of Nigeria (CBN) to adopt a flexible exchange rate regime will improve the efficiency of forex allocation in the domestic economy. According to LCCI, the CBN’s move will amongst others also cause a reduction in the distortions that currently characterise the forex market and bring …

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  Former Head of Service of the Federation, HoS, Mr. Stephen Oronsaye, was arraigned before an Abuja High Court sitting in Maitama yesterday. The Economic and Financial Crimes Commission (EFCC), had docked Oronsaye who was arraigned before Justice Olasumbo Goodluck on a two-count charge bordering on alleged N190 million fraud. Oronsaye was alleged to have abused his position as Chairman …

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