CBN Releases $300m to Foreign Airlines
To cushion the effect of the cash squeeze affecting foreign airlines flying into Nigeria, the Central Bank of Nigeria (CBN) has released $300 million out of the $600 million airlines…
CBN
Recession: Skye Bank Fires 50 More Workers
About four months after it disengaged about 200 of its workers, Skye Bank Plc has retrenched about 50 members of staff, including those in outsourced and auxiliary functions. Although the…
CBN to Move against Fraudulent Bank Customers
Central Bank of Nigeria (CBN) may soon move to blacklist or watch-list fraudulent bank customers across the country’s banking space as the apex bank is said to be working on…
YEDP: Stimulus For Job Creation, Growth And Economic Development
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has said that the Youth Entrepreneurship Development Programme (YEDP) has the potential of becoming the stimulus for job…
UBN Declares N93.44Bn Gross Earnings in 9 Months
Union Bank of Nigeria (UBN) Plc has announced gross earnings of N93.44 billion for nine months ended Sept. 30, 2016. This is contained in a statement issued by the bank…
CBN ‘Orders’ Banks to Suspend Payment of MTN Dividends
The Central Bank of Nigeria (CBN) has ordered the suspension of MTN Group dividend payment from the Nigerian subsidiary of the telecommunications giant, until further notice. In a quarterly update…
Zenith Bank Sustains 2016 Q3 Growth with N100bn Profit after Tax
Zenith Bank Plc has posted N100 billion profit after tax for the nine months ended September 30, 2016, which represents a growth of 20.4 per cent compared to N83 billion…
CBN Empowers 310 Youths N930m to Start Business
A total of 310 youths, including members of the National Youth Service Corps, on Thursday received N930m from the Central Bank of Nigeria to establish profitable ventures in different sectors…
CBN Amends Transaction Switching Guidelines in Nigeria
The Central Bank of Nigeria (CBN) has amended the guidelines on transaction switching in the country. The directive towards this was contained in a circular to all banks, mobile money…
Senate Lauds NDIC for Effective Remittance to Consolidated Revenue Fund
The Senate Committee on Banking, Insurance and Other Financial Institutions has commended the Nigeria Deposit Insurance Corporation (NDIC) for its prompt and regular remittance of its operating surplus into the…
