LAGOS APRIL 21ST (NEWSRANGERS)-Banks, telcos, ministries of finance, central banks and leaders in the banking industry from 10 nations across the West African region are set to gather in Lagos at The Future Banking Technology Summit to discuss efforts aimed at increasing financial inclusion in the sub-region by 2020. A statement made available To NewsRangers…
By Dr. Mudashiru Olaitan LAGOS APRIL 17TH (NEWSRANGERS)-Dr. Mudashiru Olaitan is currently the Director of the Development Finance Department, Central Bank of Nigeria (CBN). He is charged with the responsibility of implementing the development finance initiatives which involves the formulation and implementation of various policies, innovation of appropriate products and creation of enabling environment for…
LAGOS NOVEMBER 15TH (NEWSRANGERS)-The Senate Committee on Gas on Wednesday decried a fresh 1.2 billion dollars illegal withdrawal from the Nigeria Liquefied Natural Gas ( NLNG). The Chairman of the committee, Sen. Bassey Akpan made this known at the committee’s investigative meeting into 1.05 billion dollars said to be withdrawn to bridge the gap of…
LAGOS OCTOBER 2ND (NEWSRANGERS)-The nation’s foreign exchange reserves fell by $1.457bn in September, the latest data from the Central Bank of Nigeria showed on Monday. The external reserves, which stood at $45.838bn at the end of August, declined to $44.380bn on September 27, 2018. Figures from the CBN had earlier revealed that the reserves, which…
LAGOS SEPTEMBER 22ND (NEWSRANGERS)-The Central Bank of Nigeria has asked all customers of former Skye Bank now Polaris bank, not to fret or panic as their money in the bank is safe. This evening, the apex bank revoked the license of the former Skye bank. The CBN governor, Godwin Emefiele said the decision had been…
LAGOS SEPTEMBER 7TH (NEWSRANGERS)-The Central Bank of Nigeria has deducted a total of N5.61 billion from the accounts of three banks as fines it imposed on them last week for alleged illegal repatriation of funds for telecoms giant, MTN. According to a report by Reuters, the three banks include Standard Chartered which was debited N2.47…
LAGOS APRIL 28TH (NEWSRANGERS)-Rivers State Governor, Prof Ben Ayade is set to commission Cross Rivers State Micro-Finance Bank. Ayade stated this on Tuesday during the inspection of the office complex bank along with the Branch Controller, Central Bank of Nigeria, Calabar, Sampson Isuwa and the CBN Head, Development Finance office, Dr. Aniefiok Akpan Umoren. The…
LAGOS MARCH 23RD (NEWSRANGERS)-Professor Kingsley Chiedu Moghalu, former Deputy Governor of Central Bank of Nigeria, attributed Nigeria’s economic poor performance to lack of worldview that will help it realize its potential Professor Moghalu stated this in Lagos at the 2018 edition of The Bullion Lecture, the annual lecture series of Centre for Financial Journalism (CFJ…