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Banks Have Linked 38 Million Nigerians with BVN, says CBN

Banks Have Linked 38 Million Nigerians with BVN, says CBN

The Central Bank of Nigeria (CBN) has said that 38 million Nigerians have so far been linked with the Bank Verification Number (BVN) by banks operating in the country. The CBN has equally disclosed that …

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CBN Set to Recapitalize Banks Over Looming Crisis in Financial Sector

CBN Set to Recapitalize Banks Over Looming Crisis in Financial Sector

The Governor of the Central Bank of Nigeria (CBN) Mr Godwin Emefiele has revealed plans to recapitalize Nigerian banks, saying that the current N25bn capital could no longer finance large transactions. Emefiele stated this in Abuja…

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CBN Says Nigeria has Recorded $2.87bn FDI January to May 2019

CBN Says Nigeria has Recorded $2.87bn FDI January to May 2019

The Central Bank of Nigeria has said that the total capital flows to Nigeria, from January to May 2019 stood at $14.2bn of which FDI accounted for $2.87bn, representing a 20.18 per cent of the…

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Runsewe Commends Emefiele Over ₦500M Creative Industry Financing Initiative

Runsewe Commends Emefiele Over ₦500M Creative Industry Financing Initiative

The Director-General of the National Council for Arts and Culture, Otunba Olusegun Runsewe has commended the Central Bank Governor, Mr. Godwin Emiefele for developing a Creative Industry Financing Initiative. Runsewe who gave this commendation in…

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