Tuesday, October 15, 2019
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CBN insists President Buhari must hike VAT

The Central Bank of Nigeria (CBN) has said the country wants to hike Value Added Tax (VAT) from five per cent to 7.5 per cent to raise revenue.

2020 Budget: Federal government proposes N9. 789 trillion for annual budget

The federal government has proposed a budget of N9,789 trillion for the 2020 annual budget.

Buhari orders CBN not to give anyone money to import food...

President Muhammadu Buhari has ordered the directive to the Central Bank of Nigeria, CBN, to stop providing foreign exchange for food importation in order to improve...

Senate confirms Emefiele for second term as CBN governor

Just in is that the Senate has, on Thursday, confirmed Godwin Emefiele as Governor of the Central Bank of Nigeria (CBN) for a second term.

CBN, EFCC to bar convicts from opening bank accounts

The Central Bank of Nigeria (CBN) and the Economic and Financial Crimes Commission (EFCC) may bar individuals or corporate convicted of committing economic crimes from opening bank accounts.

CBN adds fertiliser to the 41 items not eligible for forex

The Central Bank of Nigeria (CBN) has added one more item to the 41 items not eligible for foreign exchange (forex).

CBN considering adding more to the 41 items not eligible for...

The Central Bank of Nigeria (CBN) may increase the number of items not eligible for forex from 41 items to include many others products being produced in Nigeria.

Breaking: Senate calls on CBN to suspend ATM card maintenance charges

The Senate has passed a resolution calling on the Central Bank of Nigeria to suspend the ATM card maintenance charges being deducted from customers. The...

CBN invalidates Skye Bank’s operating license

The Central Bank of Nigeria, CBN has revoked the operating license of Skye Bank. Umar Ibrahim, chairman of the Nigeria Deposit Insurance Corporation (NDIC), made this known to journalists today Friday, September 21st.

CBN cries out over rising naira abuse

The Central Bank of Nigeria has decried the growing abuse of the naira through squeezing, selling, spraying and marching on foot while dancing at public functions as well as hoarding by some citizens.

CBN gives banks 3 days to resolve USSD disputes

The Central Bank of Nigeria (CBN) says all commercial banks must resolve disputes arising from the use of Unstructured Supplementary Service Data (USSD) channels within three days.

Adelabu resigns as CBN Deputy Governor

President Muhammadu Buhari has formally accepted the disengagement of the Deputy Governor, Operations, Central Bank of Nigeria, Mr. Adebayo Adelabu, with effect from July...

Ex-CBN Governor, Soludo proposes 5 VPs, 6-year single tenure for Nigerian...

A former governor of the Central Bank of Nigeria (CBN), Professor Chukwuma Soludo has proposed a six-year single tenure for presidents in the country.

Governor Ayade makes history as he test runs Africa’s first rice...

Governor Ben Ayade of Cross Rivers State has said that he was optimistic that the state’s economy would soon record a giant leap with the expected generation of over N70 billion yearly from the state’s Rice City project.

Details on how court remanded ex-Plateau gov Jang, in prison

Justice Daniel Longji of the Plateau State High Court in Jos has ordered that a former Governor of Plateau State, Jonah Jang, be remanded...

CBN asks bank customers to reject dirty naira notes

The Central Bank of Nigeria (CBN) says customers should demand new naira notes from their respective banks and reject dirty ones.

Petrol tanker crushes baby to death in Bauchi

Word out is that a baby’s life was over the weekend snatched as she was crushed to death by a petrol tanker in Bauchi.

CBN places Daily limits on USSD, commences June 1

The Central Bank of Nigeria (CBN) has placed a new maximum daily limits of N100,000 on Unstructured Supplementary Service Data (USSD) option which are used for mobile phone transactions, and it takes effect from June 1.

CBN Confirms $2.5bn Currency Swap Agreement with China’s Central Bank

The Central Bank of Nigeria (CBN) has signed a $2.5 billion bilateral currency swap with the Peoples Bank of China (PBoC).

CBN vows to dismiss CEOs, chairmen of banks with delayed accounts

The Central Bank of Nigeria (CBN) has directed the dismal of any chief executives of banks who fails to publish their annual account 12 months after the financial year end.