Illegal charges 2015: banks refund N6.2bn – CBN

The Central Bank of Nigeria (CBN) said it compelled Deposit Money Banks (DMBs) to refund N6.2 billion to customers they over charged as cost of transactions in 2015 alone. This is contained in a statement made available by the Director, Corporate Communications, CBN, Mr Ibrahim Mu’azu in Abuja on Saturday. According to the statement, the apex More...

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By - On Sunday, September 20th, 2015
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CBN releases names of states given bailout

The Central Bank of Nigeria, CBN said on Friday that 19 of the 36 states of the federation have so far benefitted from the workers’ salary bailout package. The states that applied for and received various sums More...

By - On Monday, March 17th, 2014
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Rebasing of GDP may slow down nation’s growth – Economists

An economist has said that the planned to rebase the country’s gross domestic product (GDP) may likely slow down growth in the country towards 2015. The economist who is a senior lecturer with Lagos Business School, More...

By - On Monday, March 17th, 2014
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Currency in circulation rises to N1.776trn

Central Bank of Nigeria (CBN) said that currency-in-circulation (CIC) has increased to N1.776 trillion at the end of December 2013. The CBN current report showed that CIC increased by 20.5% compared with the increase More...

By - On Monday, March 17th, 2014
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Keystone Bank lures women with Pink Account

Keystone Bank has said that its planned introduction of Pink Account into the financial market was to empower women with entrepreneurial drive and career inclination. Head, brand management, Keystone Bank, Omobolanle More...

By - On Monday, March 17th, 2014
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Micro finance is better targeted at women – CBN

The Deputy Governor, Operations, Central Bank of Nigeria (CBN), Dr. Kingsley Moghalu has said that microfinance institutions can only accelerate economic growth in the country if its contextual basis is restructured More...

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