In line with his vision of entrenching a more professional and people-focused central bank, the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has approved the redeployment of Deputy Governors in the Bank. With the new changes, Alhaji Suleiman Barau, Deputy Governor, Corporate Services Directorate is now the Deputy Governor, Operations Directorate.
The new Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has formally assumed office at the Headquarters of the Bank in Abuja, making him the 10th indigenous Governor in the history of the apex bank. Mr. Emerfele, who was cleared by the Senate on Wednesday, March 26, 2014 arrived at the CBN
The Central Bank of Nigeria (CBN) has said its cashless policy will not eliminate the use of cash for payments in Nigeria. Sarah Alade, acting governor of the bank, said at a cashless policy sensitisation exercise held in Ilorin, Kwara state, the cashless policy would only reduce the volume of cash transactions in Nigeria. Alade
The Central Bank of Nigeria (CBN) has announced new guidelines that will subject banks using third party electronic payment solutions not been licensed by the central bank NGN10 million (US$60,000). The new guidelines on spell out the roles and responsibilities of all stakeholders in the end-to-end electronic payment of salaries, pensions, suppliers and taxes. “When
Access Bank’s merger deal with the defunct Intercontinental Bank has been judged Africa’s top merger and acquisition (M&A) deal by the Banker Magazine. The Banker Magazine, a member of the Financial Times stable of publications, selected the Access Bank and Intercontinental Bank deal as the “2012 Mergers and Acquisitions Deal of the Year” for Africa.
‘Cashless Nigeria’ is a project that was launched by the Central Bank of Nigeria last year in an effort to promote alternative payment methods in Nigeria and reduce the levels of cash being used in the economy. Monica Adoghe of Shared Services, Central Bank of Nigeria, speaking at the Card, ATM and Mobile Expo in
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