Tag Archives: Corporate Communications Department

Central Bank of Nigeria (CBN) has said that it has no plans to convert domiciliary account holdings valued at 30 billion dollars into Naira. Mrs Hakama Sidi-Ali, CBN’s acting director, Corporate Communications Department, made the clarification in a statement in Abuja at the weekend. Sidi-Ali’s statement was a reaction to …

Demonstrating its commitment towards supporting businesses and promoting diversification in Nigeria’s financial sector, the Central Bank of Nigeria (CBN) revealed that in 10 years the apex bank refunded over N115.45 billion and over $22.7 million to customers for failed bank transactions. CBN stated that no fewer than 35,453 complaints from …

Contrary to a misleading report, the Central Bank of Nigeria (CBN) has clarified that the printing company has the capacity and enough materials to produce the required indent of the Naira banknotes. According to the apex bank, the earlier report misquoted CBN Governor, Mr. Godwin Emefiele, as attributing the current …

The Central Bank of Nigeria (CBN) has faulted reports in media circles suggesting that the payments of overseas tuition fees from Nigeria will cost more as from January 2023, due to the purported withdrawal of the “Form A” Discounted rate, with effect from December 31, 2022. The Bank made the …

The Central Bank of Nigeria (CBN) said it has disbursed N368.79 billion to over 778,000 comprising of 648,052 households and about 130,000 Small and Medium Enterprises (SMEs). It also said 4,478,381 smallholder farmers who cultivated 5.2 million hectares of farmland across the country and created 12.5million direct and indirect jobs had received N948billiin under …

The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele has pledged more support for youth empowerment, through sports and its other intervention programmes. Osita Nwanisobi, CBN spokesperson quoted Emefiele as making the pledgee on youth empowerment at the finals of the All Financial Institutions Football Competition (AFIFC) played on Sunday …

The Central Bank of Nigeria (CBN) has confirmed the appointment of eight directors including Osita Nwanisobi as the Director, Corporate Communications Department. In a statement titled ‘CBN names Nwanisobi, 7 others departmental directors’ released on Wednesday, the apex said that all the appointments took effect from August 25. It read …

The Central Bank of Nigeria, CBN, has disclosed that it has so far recovered N89.2 billion excess and illegal charges slammed on customers by banks in Nigeria. Meanwhile the apex bank also said that Nigeria’s financial system is sound, resilient and stable contrary to rumors in unnamed quarters. The CBN …

The Central Bank of Nigeria, CBN has reiterated the financial soundness, safety and resilience of Deposit Money Banks (DMBs) and Other Financial Institutions (OFIs) in the country. The bank made this clarification in response to certain false and unfounded stories circulating in social media attacking the soundness and safety of …

The Central Bank of Nigeria and the Rice farmers Association of Nigeria have concluded plans to distribute 27,000 metric tonnes of rice paddies directly to millers nationwide on Thursday, to renew their move to address the rising cost of food prices in the Nigerian market. A statement from the CBN …