In Five Years, Nigeria’s Revenue Declined by $1.4bn   The Governor, Central Bank of Nigeria (CBN), Dr Olayemi Cardoso, has revealed that the country’s revenue suffered a significant drop of approximately $1.4 billion, or $275 million annually, between 2015 and 2019 at a time when the...

CIBN Honours CBN's ICT Boss, Rakiya Mohammed, with Senior Membership   The Chartered Institute of Bankers of Nigeria (CIBN) has announced the investiture of the Director, Information Communication Technology ((ICT) Department in the Central Bank of Nigeria (CBN), Hajia Rakiya Shuaibu Mohammed, as a honorary senior...

CIBN Urges Government to Remove Fuel Subsidies, Deregulate Economy The Chartered Institute of Bankers of Nigeria (CIBN) has urged the Federal Government to remove subsidies, deregulate the economy fully and ensure there are modular refineries. This was disclosed by the President of the CIBN, Dr Bayo...

67 Aggrieved Depositors Lodged N11.7bn Complaints Against Banks – CIBN       The Chartered Institute of Bankers of Nigeria has said it received 67 petitions from depositors against banks in 2020, with claims totalling amounted to N11.7bn. The CIBN disclosed this in its 2020 annual report, which was...

Africa’s Economy To Decline By 3.4% – AfDB       The President of the African Development Bank (AfDB), Dr. Akinwumi Adesina has said Africa’s economy will decline by 3.4 percent this year. Adesina said this in his remarks after he was conferred with the fellow of the Chartered...

Interventions Drive Daily I&E Window Sales To $150m - Emefiele         The Governor of the Central Bank of Nigeria, Godwin Emefiele, has said interventions introduced by the CBN have resulted in a daily trade of $150m in the Investors and Exporters window. Emefiele spoke during the 55th...