CBN

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CBN Officially Devalues Naira By N31.25, Fixes Exchange Rate At N410.25 To $1

THEWILL_ -
BEVERLY HILLS, May 25, (THEWILL) – The Central Bank of Nigeria (CBN) has officially made the NAFEX Investor and Exporter forex window rate of N410.25 as its official exchange rate to the dollar. It confirmed this new official rate on its...
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CBN’s Intervention In First Bank Infused Stability In Banking Sector , Says S&P

THEWILL_ -
BEVERLY HILLS, May 14, (THEWILL) - S&P Global Ratings said changes to the boards of First Bank of Nigeria Limited and FBN Holdings (FBNH) Plc, recently directed by the Central Bank of Nigeria (CBN), addressed the banking group’s corporate...
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CBN Extends Naira-4-Dollar Incentive Indefinitely

Abdullahi Maikudi, THEWILL -
BEVERLY HILLS, May 07, (THEWILL) - The Central Bank of Nigeria (CBN) has extended indefinitely its "Naira 4 Dollar Scheme" earlier scheduled to end on May 8, 2021. The apex bank disclosed this on Thursday in a circular to all...
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CBN Gets Key Backing On Sack Of First Bank’s Board

Aina Ojonugwa, THEWILL -
BEVERLY HILLS, May 06, (THEWILL) - Banks Directors Association of Nigeria (BDAN) has thrown its weight behind the action taken by the Central Bank of Nigeria (CBN) to steer First Bank on course. THEWILL reports that the apex bank had...
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First Bank Pledges Cooperation With CBN

Aina Ojonugwa, THEWILL -
BEVERLY HILLS, April 30, (THEWILL) – First Bank of Nigeria Limited on Friday embraced the board changes effected by the Central Bank of Nigeria (CBN). It also disclosed that Dr. Adesola Adeduntan has resumed as Managing Director/Chief Executive Officer. The bank in...
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CBN Dissolves Board of Directors Of First Bank, Holding Company, Returns Adeduntan As MD

Abdullahi Maikudi, THEWILL -
BEVERLY HILLS, April 29, (THEWILL) – The Central Bank of Nigeria has sacked the board of directors of First Bank of Nigeria and its holding company over governance issues. The apex bank also returned Sola Adeduntan as Managing Director of...
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Otudeko, Awosika On Fire As CBN Queries First Bank On Sack Of CEO, And Honey Well, Airtel Insider Loans

Aina Ojonugwa, THEWILL -
BEVERLY HILLS, April 29, (THEWILL) – The Central Bank of Nigeria (CBN) has queried First Bank's Board of Directors for the removal of the CEO. On Wednesday, the Board of Directors of First Bank of Nigeria Limited revealed it had appointed...
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CBN Licenses 10 New International Money Transfer Operators

Aina Ojonugwa, THEWILL -
BEVERLY HILLS, April 28, (THEWILL) - The Central Bank of Nigeria (CBN) has licensed 10 more  International Money Transfer Operators (IMTOs) in the country. In March, the CBN had listed only 47 IMTOs as licensed operators. While some of the operators had...
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CBN Earmarks N500bn Non-Oil Export Stimulation Facility

Aina Ojonugwa, THEWILL -
BEVERLY HILLS, April 20, (THEWILL) - The Central Bank of Nigeria (CBN) has established a N500 billion non-oil export stimulation facility as part of intervention programmes in the agricultural and manufacturing sectors in order to enable businesses to expand...
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Obasekigate: CBN Threatens States With Pandemic Intervention Loans Recovery

Abdullahi Maikudi, THEWILL -
BEVERLY HILLS, April 16, (THEWILL) - The Central Bank of Nigeria (CBN) has threatened state governments with the immediate recovery of the pandemic intervention loans extended to aid them to fund their budgets following the effect of the coronavirus...
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NewsFelix Ifijeh, THEWILL -

Ikire Killings: Police, Residents Trade Blame As Two Die, Officers Injured In Osun

The violence erupted on Monday at the Naira and Kobo area of Ikire, Irewole Local Government Area, along the Ibadan-Ife Expressway, amid an alleged struggle for control of the motor park. While the Osun State Police Command described the incident as an armed attack on its patrol team by suspected political thugs, residents and political actors in the community have accused the police, particularly the Divisional Police Officer (DPO), of involvement in the shooting.
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