CBN’s Sidi-Ali Wins Banking Sector Outstanding Spokesperson Award

CBN’s Sidi-Ali Wins Banking Sector Outstanding Spokesperson Award

By Oluwakemi Kindness The Central Bank of Nigeria's (CBN), Hakama Sidi-Ali has won the Outstanding Spokesperson, (Banking Sector) at the 2025 National Spokespersons Awards, the second in a row. She was named at a ceremony held in Abuja as part of the 2025 National Spokespersons’ Summit grand finale. According to the Nigeria Institute of Public Relations (NIPR) the awards celebrate innovation and professionalism in public communication across public and private […]

April 19, 2025 18 4 3

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Economy

We Can Withstand Shocks From Trade War – CBN

By Oluwakemi Kindness The Central Bank of Nigeria, CBN, says it is well prepared to handle the pressure and shocks from the ongoing trade wars between the U.S and China. The Apex bank explained that it is reviewing emerging scenarios to enable it take diligent actions to weather any form of storm that may arise for the country. The Director, Banking Supervision of the CBN, Dr. Olubukola Akinwumi, stated this […]

April 14, 2025 17 21

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Economy

CBN Reports Net Reserve Of $23.11bn For 2024

Oluwakemi Kindness The Central Bank of Nigeria (CBN) on Tuesday reports a substantial improvement in its Net Foreign Exchange Reserve (NFER) position as of the end of 2024. The NFER stands at $23.11 billion, the highest level in over three years, marking ab increase from $3.99 billion at year-end 2023, $8.19 billion in 2022, and $14.59 billion in 2021. This reflects a substantial improvement in the country’s external liquidity, […]

April 1, 2025 13 4

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News

IWD; CBN Governor Champions Gender Equity, Records Senior Female Appointments

Oluwakemi Kindness The Central Bank of Nigeria (CBN) says women now constitute 35% of its directors and half of its Non-Executive Board, underscoring the institution’s deepened commitment to inclusive and representative leadership. This is according to the Governor of the CBN, Olayemi Cardoso, who reaffirmed the Bank’s mission to achieve gender-balanced leadership while speaking at the grand finale of the International Women’s Day (IWD) celebrations at the CBN Head Office […]

March 28, 2025 10 6

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Economy

CBN strengthens Regulatory Oversight to Safeguard Nigeria’s Financial System

By Oluwakemi Kindness The Central Bank of Nigeria (CBN) has reaffirmed its commitment to strengthening regulatory oversight to protect the country’s financial ecosystem and align it with global best practices. Shola Phillips, Special Adviser to the CBN Governor on Compliance, emphasized the need for strict adherence to international banking standards to sustain confidence in Nigeria’s financial sector. He made this known at a high-level Mandatory Compliance and Anti-Money Laundering (AML) […]

March 2, 2025 7 1 4

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Economy

CBN Assures Depositors Of Keystone Bank’s Stability

Oluwakemi Kindness The Central Bank of Nigeria on Friday assured the public that Keystone Bank Limited remains stable and fully operational despite a court order forfeiting the bank’s shares to the Federal Government. In a statement issued on Friday, the CBN’s acting Director of Corporate Communications, Hakama Sidi Ali, acknowledged concerns over the development but maintained that there was no cause for alarm. She stated that the stability of the […]

February 14, 2025 16 4 5

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Business

CBN Approves CFA For Export Proceed Repatriation says NEPC

Oluwakemi Kindness The Nigeria Export Promotion Council, NEPC on Friday announced the CBN's approval of CFA to be captured on the NXP forms for the repatriation of export proceeds. This is as the Council puts non-oil performance in 2024 at $5.456 billion, despite economic realities and the global economic downturn. Executive Director, NEPC, Nonye Ayeni, who stated this, said the Council will be working with the CBN and the banks […]

January 31, 2025 16 6 3

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Economy

CBN Launches DocFlow, MDA Naira Payment Solutions

….aims to improve turnaround time, reduce costs By Oluwakemi Kindness Central Bank of Nigeria (CBN), has launch two transformative initiatives, the Document Flow (DocFlow) System and the Ministries, Departments, and Agencies (MDAs) Naira Payment Solution. The launched by the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, at the CBN Head Office Abuja, is a continuation of the Bank’s digital revolution project tagged “Digital First” which was […]

January 16, 2025 22 5 2

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Economy

CBN Insists Resignation Of 1,000 Staff Was Voluntary

By Oluwakemi Kindness The Central Bank of Nigeria (CBN), has refuted reports of it Termination and Dismissal of 1,000 members of it Staff. Rather it said staff took opportunity of the Bank's Early Exit Programme with payment of full benefits. This is according to the Governor of the apex bank, Olayemi Cardoso, who noted that the 1,000 members of staff who were disengaged were not forced to quit. He stated […]

January 4, 2025 25 3 3

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