archiveCBN

The Economic and Financial Crimes Commission (EFCC), has said it will appeal the judgment of the N100 million fine awarded to the former Governor of Central Bank of Nigeria (CBN), Godwin Emefiele. According to the Head, Media & Publicity of EFCC, Dele Oyewale, "The Economic and Financial Crimes Commission (EFCC), has expressed dissatisfaction with a judgment of the Federal Capital Territory (FCT), High Court awarding N100 million damages against it in favour of a former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele. "Justice O.A Adeniyi, on Monday,...

NITDA DG's Representative, National Director, NCAIR, Engr Ya'u Garba in a group photograph with other attendees at CBN's 2023 Payments System Management Department Retreat The Director-General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa Abdullahi, has restated the need for the Central Bank of Nigeria (CBN) and Financial Institutions in the country to collaborate with the Agency in order to leverage emerging technologies such as Artificial intelligence (AI) and Data Analytics to deepen digital payments, adding that it will ensure the Nigeria Payments System gets more global recognition...

The NYSC Director General, Brigadier General Yushau Dogara Ahmed has advised Corps Members to acquire vocational skills through the NYSC Skills Acquisition and Entrepreneurship Development (SAED) programme in order to become self-reliant. He said the acquisition of skills would also enable them to create jobs for others instead of searching for unavailable salary jobs. The Director General stated this while addressing the 2023 Batch 'C' Stream One Corps Members in Bauchi and Plateau State Orientation Camps. He said the Scheme has partnered with several institutions like the Central Bank of...

The Federal Government of Nigeria is set to formally unveil the Equipment Leasing Registration Authority (ELRA) on Tuesday, November 7, 2023, in Abuja, the Federal Capital Territory. According to a press statement signed by ELRA Executive Chairman, Engr. Saidu Njidda, the unveiling ceremony will be performed by Mr. Wale Edun, Minister of Finance and Coordinating Minister of the Economy. This is to enable the Authority to play the role of a key driver and Facilitator of two of the 8-point Agenda of President Tinubu's Administration- 'Access to Capital and Job...

By Okosun Dennis Digital financial payment systems have been described as making a huge positive impact on the Nigerian economy hence there is a need to implement strategies to mitigate risk. In a keynote address at the 2023 Conference organised by the Finance and Business Online Publishers (FiBOP), held over the weekend at Orchid Hotels in Lekki-Ajah, Lagos, the representative of Mr. Bello Hassan, Managing Director of Nigeria Deposit Insurance Corporation (NDIC), Ms. Hawwau Gambo, the Assistant Director, Media Relations, NDIC, said digital financial payments have revolutionised easy payments for...

The operatives of the Department of State Services (DSS) have arrested the Chief Executive Officer of the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL), Abbas Umar Masanawa. Masanawa was reportedly arrested by the state security operatives over his alleged role in the ongoing corruption allegation probe involving the suspended governor of the Central Bank of Nigeria (CBN), Godwin Emefiele. According to a security source, Masanawa's arrest stems from his role while in office as the Managing Director, MD, of Nigerian Security Printing and Minting Company (NSPMC). “He was...