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Tag "CBN"

MMM Announces Final Shutdown

MMM Announces Final Shutdown

🕔13:13, 8.Apr 2018

The management of the global ponzi scheme, Mavrodi Mondial Moneybox (MMM), has announced a final shutdown of operations. The ponzi scheme in a statement on its official global website on Friday said they were shutting down due to the death

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External Reserve Climbs To $43.2bn — CBN

External Reserve Climbs To $43.2bn — CBN

🕔07:25, 8.Mar 2018

The Central Bank of Nigeria (CBN) has announced that the country’s external reserves has climbed to $43.2bn on March 6, 2018. The foreign exchange reserves at the beginning of the year stood at $38.77bn only to record a drastic rise

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Don’t Invest In Bitcoins–CBN Warns Nigerians

Don’t Invest In Bitcoins–CBN Warns Nigerians

🕔07:21, 1.Mar 2018

The Central Bank of Nigeria (CBN) on Wednesday warned Nigerians that investing in cryptocurrencies, is at owners risk as it is not legal tender in the country. The statement signed by the bank’s Acting Director, Corporate Communications, Isaac Okorafor, explained

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Senator Shehu Sani Doesn’t Have The Balls To Stand Up To Saraki

Senator Shehu Sani Doesn’t Have The Balls To Stand Up To Saraki

🕔22:21, 14.Feb 2018

When will Shehu Sani grow the balls to stand up to Bukola Saraki?

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Bitcoin Not A Legal Currency–Senate,CBN Warn Nigerians

Bitcoin Not A Legal Currency–Senate,CBN Warn Nigerians

🕔07:25, 31.Jan 2018

Nigerians have been urged not to invest in the bitcoin currency as it is not legally approved by the Central Bank of Nigeria(CBN). The Senate who gave the warning, directed the CBN, Nigerian Stock Exchange(NSE) and the Nigerian Deposit Insurance

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MPC Advocating For Reduction Of Interest Rates –Emefiele

MPC Advocating For Reduction Of Interest Rates –Emefiele

🕔13:18, 25.Jan 2018

Governor of the Central Bank of Nigeria(CBN), Godwin Emefiele , has hinted that the apex bank’s Monetary Policy Committee(MPC) is advocating that interest rates be reduced within the first half of the year. Speaking in an interview with Bloomberg in

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CBN Reads Riot Act To Operators On Licence Renewal

CBN Reads Riot Act To Operators On Licence Renewal

🕔19:06, 11.Jan 2018

The Central Bank of Nigeria(CBN) has read its riot act to operators in the national payment system, warning them to renew their operating licence three months before the date of its expiration. The apex bank said failure to abide by

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Nigeria: The Contradictions (Part 27)

Nigeria: The Contradictions (Part 27)

🕔06:47, 23.Dec 2017

Woe betide this country if the large number of the unemployed should ever get organized and take on the establishment!

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CBN,NCC Agree To Fight Financial Fraud

CBN,NCC Agree To Fight Financial Fraud

🕔15:04, 20.Dec 2017

The Central Bank of Nigeria(CBN) and the Nigerian Communications Commission(NCC) have both agreed to fight financial fraud. The Head, Zonal Operations Department, NCC, Mrs. Helen Obi, who disclosed this at the eight edition of the Consumer Conversation in the North-Central

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CBN Gives N671bn To Banks In Five Days

CBN Gives N671bn To Banks In Five Days

🕔06:44, 18.Dec 2017

The Central Bank of Nigeria(CBN) has stated that it has given the sum of N671.47bn as loan to Deposit Money Banks between December 11 and 15, 2017. The amounts borrowed were: N178.02bn, N135.3bn, N123.77bn, N116.73bn and N117.64bn, respectively. The said

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