central bank – InfoStride News https://www.theinfostride.com Breaking News, Nigeria News and Top Stories Sat, 27 Jul 2024 08:51:12 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.theinfostride.com/wp-content/uploads/2015/07/cropped-The-InfoStride-Favicon-150x150.png central bank – InfoStride News https://www.theinfostride.com 32 32 Court sentences Etiusen Stephen for Currency Mutilation in Uyo https://www.theinfostride.com/court-sentences-etiusen-stephen-for-currency-mutilation-in-uyo/ https://www.theinfostride.com/court-sentences-etiusen-stephen-for-currency-mutilation-in-uyo/#respond Sat, 27 Jul 2024 08:50:13 +0000 https://www.theinfostride.com/?p=385441 Justice M.A. Oyetenu of the Federal High Court in Uyo, Akwa Ibom State, has sentenced Etiusen Stephen for defacing Naira notes. Stephen was charged on 19th July 2024, facing two counts of Naira abuse, a violation of Section 21 of the Central Bank of Nigeria (CBN) Act. One of the charges against Stephen read: “That [...]

Source from InfoStride News

]]> https://www.theinfostride.com/court-sentences-etiusen-stephen-for-currency-mutilation-in-uyo/feed/ 0 Three Illegal Bureau de Change Operators Jailed in Maiduguri: Full Story Inside https://www.theinfostride.com/three-illegal-bureau-de-change-operators-jailed-in-maiduguri-full-story-inside/ https://www.theinfostride.com/three-illegal-bureau-de-change-operators-jailed-in-maiduguri-full-story-inside/#respond Sun, 14 Jul 2024 14:30:47 +0000 https://www.theinfostride.com/?p=383386 In a significant crackdown on illegal financial activities, Justice K. Dagat of the Federal High Court in Maiduguri, Borno State, has sentenced three unlicensed Bureaus de Change operators to one year in prison each. The Convicted Operators: Buba Ahmadu Aliyu Mohammed Mustapha Muhammad Zarami These individuals were brought before the court on Wednesday, 10th July [...]

Source from InfoStride News

]]> https://www.theinfostride.com/three-illegal-bureau-de-change-operators-jailed-in-maiduguri-full-story-inside/feed/ 0 Immediate Key Economic Policies of President Bola Tinubu’s Administration https://www.theinfostride.com/immediate-key-economic-policies-of-president-bola-tinubus-administration/ https://www.theinfostride.com/immediate-key-economic-policies-of-president-bola-tinubus-administration/#respond Mon, 29 May 2023 15:24:22 +0000 https://www.theinfostride.com/?p=347898 President Bola Ahmed Tinubu has just been sworn in today as Nigeria’s new president. In his inaugural speech, President Tinubu highlighted his areas of focus and hit the ground running specifically mandating the following key economic policies of the new government: Fuel Subsidy is gone. Commodity Boards to be reintroduced. Multiple exchange rates are to be [...]

Source from InfoStride News

]]> https://www.theinfostride.com/immediate-key-economic-policies-of-president-bola-tinubus-administration/feed/ 0 Emefiele And The Logs In His Eyes by Felix Oboagwina https://www.theinfostride.com/emefiele-and-the-logs-in-his-eyes-by-felix-oboagwina/ https://www.theinfostride.com/emefiele-and-the-logs-in-his-eyes-by-felix-oboagwina/#respond Wed, 08 Feb 2023 21:51:25 +0000 https://www.theinfostride.com/?p=341211 What an irony! The operational network of Zenith Bank has collapsed for over a week now. No customer can transfer a farthing of their own savings out to other banks. Neither can they fish out as much as one kobo for their own use through Zenith ATMs. Gripped with ignominy, the bank’s officials are seen [...]

Source from InfoStride News

]]> https://www.theinfostride.com/emefiele-and-the-logs-in-his-eyes-by-felix-oboagwina/feed/ 0 Central bank launches guidelines for credit guarantee companies https://www.theinfostride.com/central-bank-launches-guidelines-for-credit-guarantee-companies/ https://www.theinfostride.com/central-bank-launches-guidelines-for-credit-guarantee-companies/#respond Wed, 30 Mar 2022 20:53:22 +0000 https://www.theinfostride.com/?p=321830 The Central Bank of Nigeria (CBN) has launched fresh minimum standards for the operation of credit guarantee companies (CGCs). The document requires participating financial institutions (PFIs) to apply and obtain a guarantee from only CGCs licensed by it for any loan granted to medium and small scale enterprises (MSMEs). The regulator also said where it [...]

Source from InfoStride News

]]> https://www.theinfostride.com/central-bank-launches-guidelines-for-credit-guarantee-companies/feed/ 0 2023: How I’ll Create Unity In Nigeria When Elected President – Kingsley Moghalu https://www.theinfostride.com/2023-how-ill-create-unity-in-nigeria-when-elected-president-kingsley-moghalu/ https://www.theinfostride.com/2023-how-ill-create-unity-in-nigeria-when-elected-president-kingsley-moghalu/#respond Fri, 11 Feb 2022 22:14:32 +0000 https://www.theinfostride.com/?p=318344 The founder of the Institute for Governance and Economic Transformation (IGET), Prof Kingsley Moghalu, has assured that he will create unity through what he called powerful communication of a vision of new possibilities and through executive actions. Speaking with Comrade Lawrence Onuzulike, the National President of Igbos For United And Progressive Nationhood (IPAN), he noted [...]

Source from InfoStride News

]]> https://www.theinfostride.com/2023-how-ill-create-unity-in-nigeria-when-elected-president-kingsley-moghalu/feed/ 0 Blockchain Revolutionizes Affiliate Marketing, Performance Advertising https://www.theinfostride.com/blockchain-revolutionizes-affiliate-marketing-performance-advertising/ https://www.theinfostride.com/blockchain-revolutionizes-affiliate-marketing-performance-advertising/#respond Tue, 22 Jun 2021 06:10:44 +0000 https://www.theinfostride.com/?p=297627 Many are dubious as to the true value of blockchain. The recently concluded CoinGeek Conference broadcasted live in Zurich, Switzerland demonstrates just what the hype is all about in blockchain. The three-day event not only updates viewers about what is happening in the BSV ecosystem but more importantly, educates people about the real merits of [...]

Source from InfoStride News

]]> https://www.theinfostride.com/blockchain-revolutionizes-affiliate-marketing-performance-advertising/feed/ 0 I Was The Best Central Bank Governor Four Years Out Of Five – Muhammad Sanusi II https://www.theinfostride.com/i-was-the-best-central-bank-governor-four-years-out-of-five-muhammad-sanusi-ii/ Mon, 19 Mar 2018 15:59:41 +0000 https://www.theinfostride.com/?p=202936 Muhammad Sanusi II has said he earned his position as a monarch, noting that his outstanding work and rise in the banking sector was a precursor to the throne. On his ascension to the throne, Sanusi said: “It was what I’ve always wanted to be. As a Muslim, we believe that God decides who will [...]

Source from InfoStride News

]]> CBN Deputy Governors: Senate President directs Senate Committee on Banking and Finance to begin Screening Process https://www.theinfostride.com/cbn-deputy-governors-senate-president-directs-senate-committee-on-banking-and-finance-to-begin-screening-process/ Tue, 13 Mar 2018 23:31:29 +0000 https://www.theinfostride.com/?p=202208 The President of the Nigerian Senate, Dr. Abubakar Bukola Saraki, today directed the Senate Committee on Banking and Finance, chaired by Senator Rafiu Ibrahim, to begin the process of screening the 2 nominees for Deputy Governor of Central Bank of Nigeria. Speaking after a Point of Order raised by Senator Rafiu Ibrahim, which stated that [...]

Source from InfoStride News

]]> UAE Apex Bank freezes Accounts of Qatar-linked Entities https://www.theinfostride.com/uae-apex-bank-freezes-accounts-of-qatar-linked-entities/ Thu, 27 Jul 2017 21:59:59 +0000 http://www.theinfostride.com/?p=174210 United Arab Emirates (UAE) Central Bank has directed all bank and financial institutions to stop dealing with 18 individuals and entities who are allegedly linked to Qatar. The state run news agency, WAM, reported today that the 18 entities were added to the list of those that had been blacklisted for having links with Qatar. [...]

Source from InfoStride News

]]> Aliko Dangote Shift Focus To Oil And Gas https://www.theinfostride.com/aliko-dangote-shift-focus-to-oil-and-gas/ Fri, 24 Jun 2016 14:34:05 +0000 http://www.theinfostride.com/?p=133541 Africa’s richest man, Aliko Dangote, plans to launch Nigeria’s first private crude oil refinery by 2019 while almost doubling his cement production on the continent by adding plants in eight countries as he shrugs off a regional economic downturn. Dangote told Reuters the $12 billion refinery would have a capacity of 650,000 barrels a day, [...]

Source from InfoStride News

]]> CBN Sells Dollars For Fourth Day To Boost Foreign Exchange Liquidity https://www.theinfostride.com/cbn-sells-dollars-for-fourth-day-to-boost-foreign-exchange-liquidity/ Thu, 23 Jun 2016 19:44:46 +0000 http://www.theinfostride.com/?p=133448 Central Bank Nigeria (CBN) is selling dollars on the inter-bank market for the fourth day to ease dollar shortages after it floated the currency, traders said. The naira traded at 283 to the dollar at 1249 GMT, on volumes of $76.8 million, which traders attributed to the central bank intervention. The inter-bank market opened at [...]

Source from InfoStride News

]]> Court orders Nigeria to return passport of ex-central bank boss https://www.theinfostride.com/court-orders-nigeria-to-return-passport-of-ex-central-bank-boss/ Thu, 03 Apr 2014 19:25:28 +0000 http://www.theinfostride.com/?p=32893 A Nigerian court on Thursday said intelligence agents broke the law when they seized the passport of ousted central bank governor Lamido Sanusi and ordered the government to pay damages and publicly apologise. Sanusi was suspended on February 20, less…

Source from InfoStride News

]]> Nigeria’s leader surrounded by ‘incompetent’ frauds: Lamido Sanusi https://www.theinfostride.com/nigerias-leader-surrounded-by-incompetent-frauds-lamido-sanusi/ Sun, 23 Feb 2014 20:09:44 +0000 http://www.theinfostride.com/?p=23914 Nigeria's former central bank chief Lamido Sanusi on Sunday described the president who ousted him as a simple man trying to do well who has been undermined by incompetent and fraudulent aides. Sanusi, widely respected by economists in Nigeria and abroad…

Source from InfoStride News

]]> Nigeria seizes passport of ousted central bank boss https://www.theinfostride.com/nigeria-seizes-passport-of-ousted-central-bank-boss/ Fri, 21 Feb 2014 16:14:11 +0000 http://www.theinfostride.com/?p=23208 Nigeria has seized the passport of ousted central bank governor Lamido Sanusi, an ally of the outspoken government critic said Friday, a day after he was removed from office in a move that sparked fears of economic turmoil. President Goodluck Jonathan…

Source from InfoStride News

]]> Shocking! Nigeria president suspends central bank boss https://www.theinfostride.com/shocking-nigeria-president-suspends-central-bank-boss/ Thu, 20 Feb 2014 19:03:19 +0000 http://www.theinfostride.com/?p=22854 Nigeria's President Goodluck Jonathan suspended the central bank governor on Thursday for alleged financial recklessness, sidelining a prominent government critic as he readies for an expected re-election campaign. Lamido Sanusi, whose term was due…

Source from InfoStride News

]]> Robberies: Kaduna CP Urges Banks To Support Policemen With Security Gadgets https://www.theinfostride.com/robberies-kaduna-cp-urges-banks-to-support-policemen-with-security-gadgets/ Sat, 04 Jan 2014 22:46:00 +0000 http://www.theinfostride.com/robberies-kaduna-cp-urges-banks-to-support-policemen-with-security-gadgets/ The Kaduna State Commissioner of Police, Mr Olufemi Adenaike, on Friday urged banks operating in the state to support policemen with gadgets that would help deter robbery attacks. Adenaike, who made the call in a meeting with the bank managers in Kaduna, appealed to them to provide bullet proof vests and armour personnel carriers to [...]

Source from InfoStride News

]]> UK to get plastic banknotes from 2016 https://www.theinfostride.com/uk-to-get-plastic-banknotes-from-2016/ Wed, 18 Dec 2013 16:19:30 +0000 http://www.theinfostride.com/?p=5472 The Bank of England is to issue plastic banknotes for the first time in its history, it announced Wednesday, with Winston Churchill gracing the first run. The polymer note, carrying a value of £5 ($8.2, 6.0 euro), is to be released in 2016 -- and as…

Source from InfoStride News

]]> Bitcoin crashes after China bank measures https://www.theinfostride.com/bitcoin-crashes-after-china-bank-measures/ Wed, 18 Dec 2013 12:16:23 +0000 http://www.theinfostride.com/?p=5443 The virtual currency Bitcoin crashed in China on Wednesday, falling almost 50 percent after the country's biggest trading platform BTC China banned deposits in yuan following new restrictions imposed by the central bank. Chinese speculators have driven…

Source from InfoStride News

]]>