Ecobank, GTB Lead eNaira Adoption in Nigeria

Ecobank and GTB are currently leading in customers adoption of the eNaira. eNaira is Africa’s first Central Bank Digital Currency (CBDC) introduced by the Central Bank of Nigeria (CBN) in October.

A report by TheCable says with more than 2,000 merchant wallets active, about 20 percent are domiciled with Ecobank, while GTB has majority of the consumer wallets activated by users amongst the top 10 financial institutions in the country.

CBN debunks report on planned nationalisation of Unity Bank

The Central Bank of Nigeria (CBN) has denied planning to nationalise Unity Bank Plc as alleged by an online news medium.

Reacting to the report, the Acting Director, Corporate Communications Department, CBN,  Osita Nwanisobi, described it as, “fake news” and should be discarded in its entirety.

FIRSTBANK BAGS A HAT TRICK OF AWARDS AT THE GLOBAL BANKING AND FINANCE AWARDS 2021

First Bank of Nigeria Limited, Nigeria’s premier and leading financial services provider, has been awarded the 2021 ‘’Retail Banking CEO of the Year Nigeria’’, ‘’Most innovative Retail Banking App Nigeria’’ and ‘’Best CSR Bank Nigeria’’ awards by Global Banking and Finance magazine.

S&P: FBNH, FIRSTBANK BOARDS’ CHANGES ENSURED STABILITY

S&P Global Ratings said changes to the boards of First Bank of Nigeria Limited and FBN Holdings (FBNH) Plc, recently directed by Central Bank of Nigeria (CBN), addressed the banking group’s corporate governance challenges and ensures the Nigerian banking sector’s financial stability.

CORPORATE STATEMENT ON THE NEW BOARD CONSTITUTION

We refer to the Central Bank of Nigeria Limited (CBN) pronouncement on the reconstitution of the Board of Directors of First Bank of Nigeria Limited.

Further to the press conference held by the Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele CON on Thursday, 29 April 2021, the Boards of FBN Holdings Plc and First Bank of Nigeria Limited were dissolved and reconstituted, pursuant to its power under Banks and Other Financial Institutions Act (BOFIA) 2020.

You Are Free To Use Bitcoin, Others In Nigeria – CBN Governor, Emefiele

The Central Bank of Nigeria (CBN) said there was no time the bank banned the activities of Cryptocurrencies in the country.

Unity Bank Committed to Rice Farmers to meet Self-sufficiency Target in Rice Production – Somefun

LAGOS.04-03-2021: Over 642,860 smallholder farmers across 35 states of the federation have received support from Unity Bank Plc under the CBN’s Anchor Borrower’s Programme, ABP to boost food production and attain self-sufficiency in rice production in Nigeria.

Giving the assessment at the flag-off of the 2020 wet season harvest aggregation in Kebbi State on Tuesday, the Managing Director/Chief Executive Officer of Unity Bank Plc, Mrs Tomi Somefun reassured the rice farmers of the commitment of the Bank to providing necessary support to rice farmers in Nigeria.

Update: Senate summons CBN Governor over Crypto ban

The Senate has mandated it’s Committees on Banking, Insurance and other Financial Institution, ICT and Cybercrimes and Capital Market to invite the Governor, Central Bank of Nigeria (CBN), Godwin Emefiele for briefing on the ban of Crypto transactions placed by the apex bank.

This was disclosed by the Senate via its Twitter handle after Thursday’s plenary session.

BREAKING: CBN orders banks to close cryptocurrency accounts

The Central Bank has ordered banks and other financial institutions to identify persons and entities operating cryptocurrency exchanges and close all such accounts.

It stated that dealing with cryptocurrencies and facilitating payments through them are illegal in the country.

MMM: NDIC,CBN looking into digital currency – official

Governor, Central Bank of Nigeria (CBN),
Mr Godwin Emefiele

As the popular ponzi scheme, Mavrodi Mudial Moneybox, MMM, has seemed to induct many Nigerians into its fold,  Alhaji Umaru Ibrahim, the Managing Director, Nigeria Deposit Insurance Commission (NDIC), on Friday said the commission and CBN had set up a committee to look into the trending “digital currency, ‘bitcoin’. Ibrahim said this at the ongoing 2016 Workshop for Financial Correspondents in Kaduna.

Pen Letter from Sergey Mavrodi to the Nigerian Authorities

Honorable authorities,

So far MMM has come under a constant attack from you. In this regard, I would like to ask you a few simple questions. Since you are concerned with the interests of millions of your fellow citizens, I hope that  you would be so kind to answer them.

1. What are you trying to get? Do you want the MMM System to collapse and millions of people to suffer? Who will support them then if now MMM is their only means of livelihood? Will you? You even don’t pay wages to people? Or might you not care about them? Might you be using a trendy topic to make a good name for yourselves? What will you say to a mother who will have no money to buy food for her child? Will you let her child die for the sake of the higher interests of the economy?

BREAKING: CBN takes over Skye Bank

The Central Bank of Nigeria has taken over the Board and management of Skye Bank Plc after the lender failed to meet the regulator’s minimum key liquidity and capital adequacy ratios.

The Central Bank Governor, Mr. Godwin Emefiele, disclosed this at a news conference, which was held at the CBN’s head office in Lagos.