LAGOS NOVEMBER 1ST (NEWSRANGERS)-Nigeria’s foreign reserves fell by $1.26bn from $41.76bn in October 2 to $40.5bn as of the end of October 30, according to figures from the Central Bank of Nigeria (CBN) on Thursday. The reserves which had continued to shed in recent months dropped by $482.18m from N45.14bn as of July 8 to…
LAGOS OCTOBER 17TH (NEWSRANGERS)- The Central Bank of Nigeria (CBN) on Wednesday, said that a total of 119,663 pieces of counterfeit notes with a nominal value of N98.82 million was recorded in 2018. The bank said this in the Currency Operations 2018 Annual Report, posted on its website. The CBN said the figure indicated a…
LAGOS OCTOBER 16TH (NEWSRANGERS)-The Federal High Court in Abuja on Monday ordered the interim freezing of 45 bank accounts belonging to three companies for alleged smuggling of rice into the country. The companies with the 45 bank accounts in 10 banks are Sun Sam A1 International Limited, Sun Sam International Limited and Sunchrist O. Trans…
LAGOS OCTOBER 8TH (NEWSRANGERS)-The Economic and Financial Crimes Commission, EFCC has denied reports alleging that about N900 million of mutilated naira notes, being subject of prosecution at the Federal High Court, Ibadan, and kept in several boxes in EFCC’s custody had turned to paper. The anti-corruption agency described the reports as very mischievous and a…
LAGOS SEPTEMBER 23RD (NEWSRANGERS)-The Central Bank of Nigeria (CBN) says the newly introduced controversial charges on bank deposits was optional. The CBN also said that charges on withdrawals from banks were optional for individuals and businesses. Reports have it that the apex bank made the claims on its verified/official Twitter handle Sunday morning. “Under the…
LAGOS SEPTEMBER 15TH (NEWSRANGERS)-The Central Bank of Nigeria has undertaken to hire all first-class graduates of Economics from Ebonyi State. The state commissioner for information and orientation, Uchenna Orji, disclosed this on Thursday in Abakiliki during a joint press briefing on the outcome of the state’s weekly executive meeting. Orji who was swapped from the…
LAGOS JULY 24TH (NEWSRANGERS)-The Central Bank of Nigeria (CBN) has issued operating licence to three new banks to operate in the country. The new banks are Titan Trust Bank Limited, TAJ Bank Limited and Globus Bank Limited. According to the apex bank, Titan Trust and Globus Bank will operate as commercial lenders while TAJ Bank…
LAGOS MAY 9TH (NEWSRANGERS)-President Muhammadu Buhari has nominated the Governor of the Central Bank Of Nigeria (CBN), Mr. Godwin Emefiele, for another term, according to a letter by the president to the Senate, which was read at the red chamber Thursday. This is a major feat by Emefiele, who is helping Buhari revive Nigeria’s agricultural…
