CBN/Commercial Banking

Nov
14
2023
0 Comments
By Abia ThinkTank
President Tinubu Meets Islamic Development Bank Management, Negotiates Multi-Billion Dollar Funding Package For Infrastructure

President Tinubu Meets Islamic Development Bank Management, Negotiates Multi-Billion Dollar Funding Package For Infrastructure

CBN/Commercial Banking, Economy, FGN, News Flash
President Tinubu Negotiates Multi-Billion Dollar Funding From Islamic Development Bank President Bola Tinubu has secured a multi-billion dollar infrastructure funding package from the Islamic Development Bank (IDB) to fund a multi-sectoral portfolio of infrastructure projects at the federal and sub-national levels in Nigeria. This was disclosed in a statement by presidential spokesperson Ajuri Ngelale on Tuesday. The development was the outcome of substantive investment discussions held between President Tinubu and the Vice-President (Country Programs) of the IDB, Dr. Mansur Muhtar, in Mecca, Saudi Arabia, on Monday night, the statement revealed. See the press release below:PRESIDENT TINUBU MEETS ISLAMIC DEVELOPMENT BANK…
Read More
Nov
11
2023
0 Comments
By Abia ThinkTank
Just-In: Dangote Set To Refund $4.89B To CBN

Just-In: Dangote Set To Refund $4.89B To CBN

Business, CBN/Commercial Banking, Economy, News Flash
BREAKING NEWS Dangote set to refund $4.89B to CBN.The expected rapidly appreciating Naira is set to gain more value as the Chairman and CEO of Dangote Refinery is set to refund $4.89B out of the laundered FX during Emiefele's regime as the CBN Governor.A total of over $12B was set to have been laundered by the world's richest black man during this period.FX speculators are set for a surprise decline in dollars to Naira exchange over the next few days as a result of this refund. Similarly, the lien on the $11B of the federal reserve has been lifted on…
Read More
Nov
10
2023
0 Comments
By Abia ThinkTank
CBN Issues Fresh Directive On Old And New Naira Notes

CBN Issues Fresh Directive On Old And New Naira Notes

CBN/Commercial Banking, Economy, News Flash
CBN Issues Fresh Directive on Old and New Naira Notes The Central Bank of Nigeria (CBN) has instructed its branches nationwide to continue issuing both old and redesigned naira notes in ample quantities to deposit money banks. The directive comes on the heels of reports of cash scarcity in major cities despite earlier assurances from the CBN about sufficient cash availability. The CBN, in a statement signed by its Director, Corporate Communications, Isa AbdulMumin, has reiterated that all naira notes issued by the bank remain legal tender and should not be rejected by anyone. “We wish to state unambiguously that…
Read More
Nov
09
2023
0 Comments
By Abia ThinkTank
Abuja High Court Grants Bail To The Detained Governor Of The Central Bank Of Nigeria

Abuja High Court Grants Bail To The Detained Governor Of The Central Bank Of Nigeria

CBN/Commercial Banking, Crime, News Flash
An Abuja High Court sitting at Maitama on Wednesday granted bail to the detained Governor of the Central Bank of Nigeria Godwin Emefiele. The court, in a ruling by Justice Olukayode Adeniyi, ordered that he should be released to his lawyers. “There must be an end to detention without trial,” the judge held, stressing that it was the refusal of the Economic and Financial and Crimes Commission, EFCC, to comply with the order the court made on November 2, that led to the ruling. Besides, the court held that it could not allow Emefiele to remain in custody owing to…
Read More
Nov
07
2023
0 Comments
By Abia ThinkTank
OPay Named Winner Of Fintech Award In The Just Concluded Digital Nigeria 2023 Dinner.

OPay Named Winner Of Fintech Award In The Just Concluded Digital Nigeria 2023 Dinner.

Business, CBN/Commercial Banking, Information Technology
OPay Dear valued customers and stakeholders We have wonderful news! OPay has been named winner of the Fintech Award in the just concluded Digital Nigeria 2023 Dinner, organised by the National Information Technology Development Agency (NITDA). The National Information Technology Development Agency (NITDA) is a government agency with the mandate to create a framework for the planning, research, development, standardization, application, coordination, monitoring, evaluation, and regulation of Information Technology practices in Nigeria. Management wish to sincerely appreciate our esteemed customers who support and trust us for their financial needs. Our mission to make financial services more inclusive through technology remains…
Read More
Nov
07
2023
0 Comments
By Abia ThinkTank
Former CBN Governor Lamido Sanusi Urge The Current CBN Governor To Tackle Increasing Inflation Rate.

Former CBN Governor Lamido Sanusi Urge The Current CBN Governor To Tackle Increasing Inflation Rate.

CBN/Commercial Banking, Economy
Former CBN governor Lamido Sanusi has sent an important message to the Governor of CBN, Yemi Cardoso. He is calling on the apex bank to find a solution to the rising inflation rate, which is now at over 17year-high. The message from Sanusi was well received by Cardoso, and he replied with promises and provided his action plans Lamido Sanusi, the former Governor of the Central Bank of Nigeria (CBN), has urged the current CBN Governor, Olayemi Cardoso, to tackle the increasing inflation. Sanusi gave this advice when he visited the CBN headquarters in the company of Ibukun Awosika, Chairperson…
Read More
Oct
29
2023
0 Comments
By Abia ThinkTank
This Life: 17-Year-Old Girl Declared Missing 6 Days Ago Now Found In A Hotel

This Life: 17-Year-Old Girl Declared Missing 6 Days Ago Now Found In A Hotel

CBN/Commercial Banking, Crime, Education, Love & Life, News Flash, Security
INSIDE LIFE: 17-Year-Old Girl Who Was Declared Missing 6 Days Ago Found In A Hotel A 17-year-old Michelle Chika Emenike who was declared missing 6 days ago after she was last seen in a GIG bus in Port Harcourt has been found. According to Portharcourt Special, She was found in a hotel. A close source reached out to us last night and said “We just saw her now at Obi Wali. My eldest brother’s friend saw her at another world hotel and gave us a call. Right now, she is in my family house”. SPECIAL ADVERT PROMO FOR 2023 IGBA-OTOMU,…
Read More
Oct
25
2023
0 Comments
By Abia ThinkTank
Nigeria Bleeds As The Naira Hits Lowest In All Markets After FG’s Promise To Crash The Dollar.

Nigeria Bleeds As The Naira Hits Lowest In All Markets After FG’s Promise To Crash The Dollar.

Business, CBN/Commercial Banking, Economy
"No More N1,210/$:" Naira Hits Lowest in All Markets After FG's Promise to Crash The Dollar The Naira plummeted to its lowest in history on Tuesday, October 24, 2023, trading at N1,310 per dollar on the black market It also crashed in the official NAFEM market, trading at N847.77 per dollar as Nigeria says it expects a $10 billion inflow. Analysts predict that the Naira may hit N2,000 before Christmas as Nigeria continues to battle Forex crunch. Naira again made history on Tuesday, October 24, 2023, when it hit its lowest on the streets against the US dollar, where it…
Read More
Oct
17
2023
0 Comments
By Abia ThinkTank
Just-In: President Tinubu Launches Conditional Cash Transfer Scheme For 15 Million Households

Just-In: President Tinubu Launches Conditional Cash Transfer Scheme For 15 Million Households

Abuja, CBN/Commercial Banking, Presidency
Just-In: Tinubu Launches Conditional Cash Transfer Scheme For 15 Million Households President Bola Tinubu on Tuesday, 17th of October, 2023 launched the Conditional Cash Transfer Programme for 15 million households, GMATE MEDIA reports. The President represented by the Secretary to the Government of the Federation, George Akume, launched the programme at an event held at the Press Gallery of the State House in Abuja. It would be recalled that the President had in his maiden Independence Day broadcast to Nigerians on October 1, 2023, announced the cash transfer programme which he said would target vulnerable citizens. In attendance at the…
Read More
Oct
06
2023
0 Comments
By Abia ThinkTank
We Can’t Be Intimidated. Allegations Against Us Are Baseless – Ajaero Blows Hot

We Can’t Be Intimidated. Allegations Against Us Are Baseless – Ajaero Blows Hot

CBN/Commercial Banking, Labour, News Flash
Ajaero blows hot after police questioning, says allegations are baseless, NLC won’t be intimidated The President of the Nigeria Labour Congress, Joe Ajaero, has declared that the union will not be intimidated by external pressures, following his appearance at the Intelligence Response Team headquarters in Abuja on Thursday. Ajaero, who was invited by the police to address allegations of terrorism financing, cybercrime, subversion, criminal conspiracy, and treasonable felony, arrived at the IRT office at 10:17 a.m. and left shortly after 11:15 a.m. “We can’t be intimidated,” Ajaero stated emphatically. “The allegations against us are baseless, and we have nothing to…
Read More