Tag: #CBN

Jul

25

2025

JUST IN: Reps blows hot on CBN Governor, threaten arrest warrant

NATIONAL NEWS#1999Constitution, #CBN, #Centralbankofnigeria, #FinanceAct 2020, #OlayemiMichaelCardoso

JUST IN: Reps blows hot on CBN Governor, threaten arrest warrant The House of Representatives Joint Committees on Public Accounts and Public Assets have threatened to issue an arrest warrant for the Governor of the Central Bank of Nigeria (CBN), Olayemi Michael Cardoso. This is following the repeated refusal of the Governor to appear before the National Assembly and comply with resolutions concerning the Fiscal Responsibility Act 2007 and the Finance Act 2020. In a joint statement issued on Friday, the chairmen of the committees—Hon. Bamidele Salam (Public Accounts) and Hon. Ademorin Kuye (Public Assets)—accused the apex bank chief of…

Unity Bank Posts N59.3B in Gross Earnings, Grows Deposits by 23% in 2023 FY

Business#CBN, #Development, #Recapitulation, #Unitybank

Unity Bank Posts N59.3B in Gross Earnings, Grows Deposits by 23% in 2023 FY Retail lender, Unity Bank Plc posted gross earnings of N59.3 billion for the full year ended December 31, 2023, representing a growth of 3.84% year-on-year. In its audited financials submitted to the NGX Group Limited, the Bank also witnessed improvements across key performance indicators, including a significant appreciation of customer deposits by 23% to N402.9 billion from N327.4 billion within the period under review – an indication of sustained retail growth and customer confidence. Other key highlights of the full-year results include the total assets which…

CBN gives Update On Old, New 200, 500, 1000 Naira

NATIONAL NEWS#CBN, #NairaRedesign

CBN gives Update On Old, New 200, 500, 1000 Naira The Central Bank of Nigeria (CBN) confirmed on Tuesday that plans are in place to gradually phase out the old N200, N500, and N1,000 naira notes. Acting Governor of the apex bank, Folashodun Shonubi, provided these details after a monetary policy committee meeting at the CBN headquarters in Abuja. It would be recalled that, in October 2022, former CBN Governor Godwin Emefiele announced plans to redesign these currency bills and had asked Nigerians to deposit their old notes before they became invalid on January 31, 2023. Former President Muhammadu Buhari…