Tags: CBN

PMI In May Indicates Expansion In Manufacturing Sector-CBN

Advertisement The Manufacturing Purchasing Managers’ Index (PMI) is monthly indicator of the economic health of the manufacturing sector .The purpose of the PMI is to provide information about current business conditions to company decision makers, analysts and purchasing managers. In the PMI report released for the month of May by the Central Bank of Nigeria (CBN) Thursday…

Nigerian banks lost N2.19 billion to fraudsters ‎through electronic platforms in 2016

Nigerian Deposit Money Banks, DMBs, lost N2.19 billion to fraudsters through electronic channels in 2016 fiscal period, an official has said. The Deputy Governor, Operations, Central Bank of Nigeria, CBN, Adebayo Adelabu, said this while unveiling a report on electronic frauds by the CBN on Tuesday. Speaking at the first stakeholders’ workshop on cybercrime organised…

Bank Accounts: CAFON to mobilises Nigerians against CBN’s extortion, excessive charges

…To launch #CloseOneMillionBankAccountsIn2017 campaign In view of the public outcry against CBN’s directive to increase approved bank charges with effect from May 1 2017, Consumer Advocacy Foundation of Nigeria CAFON is set to launch another consumer protest tagged #CloseOneMillionBankAccountsIn2017. The aimed is to mobilse Nigerian consumers to resist what it described as “excessive charges’’ by…

Senate Fire at CBN for Non-Circulation Of Coins, Demands Lower Notes Converted

Advertisement The Senate has frowned at the non-circulation of coins in the country, advising the Central Bank of Nigeria, CBN, to convert lower naira notes into coins to cater to highly repetitive transactions in the economy. This followed a motion sponsored on Tuesday by Senator Mustapha Bukar (APC, Katsina South) on the non usage of…