EKOHOTBLOG, 7TH NOVEMBER, 2020 Human rights lawyer, Barrister Inibehe Effiong gave an advice to the youths whose bank accounts were frozen on the step they should take to recover back their accounts. After a federal high court in Abuja reportedly granted the request of the CBN to freeze the bank account of some youths who … Read more
EKOHOTBLOG, 7TH NOVEMBER, 2020 Released list Of #EndSARS promoters frozen by Central Bank Of Nigeria It is no longer news that the Central Bank Of Nigeria (CBN) has obtained an injunction from the federal high court in Abuja to freeze the accounts of 19 individuals and a company who were involved during the End SARS … Read more
A federal court in Abuja has granted request of Central Bank of Nigeria to freeze 20 bank accounts linked to supporters of the #EndSARS campaign last month. The court judgment was sequel to an ex-parte court application filed CBN governor, Godwin Emefiele, on October 20. The request was swiftly granted by Justice Ahmed Mohammed of … Read more
NOVEMBER 6, 2020 The Apex Bank also disclosed that it is ready to contribute over ₦1.8 trillion of the total sum of ₦2.30 trillion needed for the Federal Government’s one-year Economic Sustainability Plan (ESP). The Central Bank of Nigeria (CBN), says it has so far made a total of ₦3.5trillion disbursements to cushion the effect … Read more
The Central Bank of Nigeria (CBN) has released guidelines for implementation of the proposed N75 billion Nigeria Youth Investment Fund (NYIF) CBN, in a statement by its Development Finance Department, stated that the fund was a built-in strategy to effectively respond to the challenge of youth employment in Nigeria. The Fund, an initiative of the … Read more
The Central Bank of Nigeria has said it has removed the restriction on non-member mortgage lenders from refinancing their mortgages with the Mortgage Refinance Company. It said it now permits the MRCs to refinance the qualifying mortgages of lenders that do not hold its equity, subject to compliance with all other relevant provisions specified in … Read more
Protesters demanding an end to police brutality have blocked the two entrances of the Central Bank of Nigeria (CBN) head office in Abuja. Chanting anti-government songs and wielding different placards, the protesters have vowed to prevent activities at the nation’s apex bank on Monday. The protesters packed vehicles in front of the main gate of … Read more
The Central Bank of Nigeria, CBN, has debunked reports that its official website was been breached and shut down on Friday, October 16. In a press release signed by Osita Nwanisobi, the Ag. Director, Corporate Communications of which copy was made available to newsmen said its website is secure, contrary to the news on social … Read more
The website of the Central Bank of Nigeria, CBN, has been shut down by alleged hackers. There are speculations that the website was attacked by an elite group of hackers referred to as Anonymous. Anonymous is a decentralized international activist/hacktivist collective/movement that is widely known for its various cyber attacks against several governments, government institutions … Read more
September 29, 2020. Central Bank of Nigeria (CBN) has virtually launched a framework for advancing women’s financial inclusion. Ekohotblog reports that CBN made this known in an online event on September 29th tagged “Access to Finance Framework for Women” and anchored by Dr Paul Olukpe. The framework was conceptualized by the Financial Inclusion Special Intervention … Read more
The executive director officer of Revolution Plus Property, a leading firm in the Housing and Estate Management sector in Nigeria, Mrs Tolulope Onalaja has expressed appreciation to the federal government on the recent approval of 200 billion naira through the Central Bank Of Nigeria ( CBN )as mortgage finance facility to the low-income earners in … Read more
September 22, 2020. The Central Bank of Nigeria on Tuesday reduced the Monetary Policy Rate from 12.5 per cent to 11.5 per cent after the two-day Monetary Policy Committee Meeting in Abuja. The committee also voted to retain the Cash Reserve Ratio and Liquidity Ratio at 27.5 per cent and 30 per cent respectively. … Read more
The Central Bank of Nigeria (CBN) has directed all financial institutions in the country produce the statements of domiciliary accounts of some top businessmen. The apex bank issued the directive in a September 15 letter signed by Z. Markus for the director of banking supervision. The affected individuals include Adebutu Kessington, a businessman popularly referred … Read more
The Central Bank of Nigeria (CBN) has approved N200 billion as mortgage finance loan to Family Homes Fund (FHF) targeted at low-income earners. CBN through a statement on the apex bank’s website indicated that the money will be used to build 300,000 homes in all states and the Federal Capital Territory (FCT) and is expected … Read more
By Simon Kolawole Amidst the series of tough decisions rolled out by President Muhammadu Buhari as the Nigerian economy gasps for breath under the weight of low oil prices and the coronavirus pandemic, a mini-war broke out between the Central Bank of Nigeria (CBN) and the Nigerian Economic Summit Group (NESG) last week. In a … Read more
Resignations has not caused acrimony among board members Nigerian Economic Summit Group has lost three members of its board following the criticism of central bank of Nigeria forex and food policies. Those who resigned from the group’s board are chief executive officers of three banks. The CEOs, Kennedy Uzoka of the United Bank for Africa … Read more
Apex bank also refuted claims that its lending process did not have a proper framework The Central Bank of Nigeria (CBN) has debunked assertions that its intervention programmes and currency management techniques are not coherent and lacked policy clarity. The Nigerian Economic Summit Group (NESG), in a statement on Monday, had said there’s a wide … Read more
Companies move forex abroad without authorisation The Central Bank of Nigeria (CBN) has uncovered a slew of sharp practices by some companies who want to short-change the government. The companies in question, 38 in number, are accused of moving forex to foreign countries without the permission of the government. To this end, the apex bank … Read more
The Nigeria Union of Electricity Employees (NUEE) says the Central Bank of Nigeria (CBN)’s directive authorising banks to ring-fence collection accounts of electricity distribution companies (DisCos) in Nigeria is counter productive. Its General Secretary, Mr Joe Ajaero, said on Tuesday in Lagos that the directive would result to operational and over head cost challenges. Read … Read more
Human rights lawyer, Femi Falana (SAN), has written a letter to the Central Bank of Nigeria, demanding detailed information on how the N338.6bn COVID-19 fund was spent. Falana made the request in a letter dated August 17, 2020. The letter reads, “Our attention has been drawn to an online report relating to the disbursement of … Read more