LAGOS FEBRUARY 17TH (NEWSRANGERS)-The Central Bank of Nigeria (CBN) has denied reports in some of the media that it has authorize banks to accept N500 and N1,000 old notes as deposit. Recall that media houses have been spreading the information that CBN has directed Banks to collect old N500, and N1,000 notes from customers with…
LAGOS FEBRUARY 15TH (NEWSRANGERS)-A combined team of officials of the Central Bank of Nigeria, CBN, the Independence Corrupt Practices and other related offenses Commission, ICPC, and the Economic and Financial Crimes Commission, EFCC, have arrested four Point Of Sale, POS, operators in Makurdi for extorting their customers. The team, led by the CBN Director of…
LAGOS FEBRUARY 12TH (NEWSRANGERS)-The Central Bank of Nigeria has debunked claims about the incapacity of the Nigerian Security Printing and Minting PLC. The apex bank also denied claims that it plans to shut down commercial banks in a geo-political zone. This was disclosed in a statement signed on Friday by CBN’s Director of Corporate Communications,…
By Muiz Banire LAGOS JANUARY 27TH (NEWSRANGERS)-I have always contended that Nigeria as a country is a unique one in all ramifications. Is it the natural endowments of the country you want to consider? The strategic location of the country? The climate change challenges of being afflicted by all the three major consequences of desertification,…