The Central Bank of Nigeria (CBN) has directed banks and other financial institutions to immediately freeze the accounts and assets of individuals and companies designated for terrorism and terrorism financing, following fresh sanctions imposed by Nigerian and United States authorities. The directive was contained in a circular dated June 24, 2026, issued by the CBN’s […]
Continue Reading
Alhaji Aliko Dangote, Chairman of the Dangote Group, has expressed concern over the decision of the Central Bank of Nigeria, CBN, to raise the interest rate to nearly 30 per cent. Speaking at a summit hosted by the Manufacturers Association of Nigeria (MAN), on Tuesday at the State House in Abuja, the business mogul made […]
Continue Reading
The Nigerian Deposit Insurance Corporation (NDIC) has revealed that it is already in the process of paying Heritage Bank depositors. The managing director of NDIC, Bello Hassan, made the disclosure and gave the assurance during a press briefing in Abuja on Wednesday. Recall that on June 3, the Central Bank of Nigeria (CBN) revoked the banking licence […]
Continue Reading
The Central Bank of Nigeria (CBN) has announced the appointment of new chief executive officers and Executive Directors for Union, Keystone and Polaris banks following the dissolution of the board of the financial firms. In a statement on Wednesday, signed by Sidi-Ali Hakama, CBN’s acting director of corporate communication, the newly appointed executives for Union […]
Continue Reading
Following the suspension of Central Bank of Nigeria governor, Godwin Emefiele by President Bola Tinubu on Friday, questions of legality have been raised by some. While the provisions of the constitution may appear vague, there is however, a precedent. Recall that on February 20, 2014, President Goodluck Jonathan suspended Sanusi Lamido Sanusi as the governor […]
Continue Reading
Tasked with an immediate need to reform the financial sector, President Bola Ahmed Tinubu, on Friday suspended Godwin Emefiele, the governor of Central Bank of Nigeria, CBN from office with immediate effect. The suspension of the CBN Governor was announced in a statement by signd by Willie Bassey, Director of Information, for the Secretary to […]
Continue Reading
The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has said the Dangote Group has paid back 70 percent of the loans it took to construct an oil refinery. Emefiele spoke at the commissioning of the 650,000 barrels per day (bpd) Dangote Refinery in Lagos on Monday. The CBN boss said the refinery was initially […]
Continue Reading
NATIONAL BROADCAST BY HIS EXCELLENCY MUHAMMADU BUHARI, PRESIDENT, FEDERAL REPUBLIC OF NIGERIA ON THE CHALLENGES OF THE CURRENCY SWAP AND STATE OF THE NATION, ON 16th FEBRUARY, 2023 My Dear Compatriots,I have found it necessary to address you today, on the state of the nation and to render account on the efforts of our administration […]
Continue Reading
The Independent National Electoral Commission (INEC) on Thursday disclosed that it may consider alternatives for storing sensitive election materials outside the Central Bank of Nigeria (CBN). The commission’s chairman, Mahmood Yakubu said this while responding to a question on the political ambition and partisanship of the Central Bank Governor, Godwin Emefiele. Kokomansion recalls that Emefiele […]
Continue Reading
Fire has razed a portion of the Central Bank of Nigeria, CBN, office in Benue State. It was reported that a portion of the bank located around old GRA in Makurdi, Benue State went up in flames on Thursday. The fire was said to have started from the fuel dome of the bank at about […]
Continue Reading