BUSINESS

CBN begins countdown to the expiration of old N1,000, N500, N200 notes

Daily Dispatch January 6, 2023

Amid complaints that the new naira notes are not fully in circulation, the Central Bank of Nigeria (CBN) has launched a countdown to the January 31 deadline when the old N1,000, N500, and N200 notes will cease to be legal tender. Unveiling the countdown on its Twitter page on Friday, the apex

BUSINESS

25 firms invited for Polaris Bank sale – CBN

Daily Dispatch January 6, 2023

The Central Bank of Nigeria has said 25 firms were invited to participate in the sale process of Polaris Bank Limited via the execution of a non-disclosure agreement. The Director of Corporate Communications, CBN, Osita Nwanisobi, said this in a statement titled, ‘Sale of Polaris Bank: CBN sets record straight’. He said the attention of CBN […]

COLUMNS

CBN, Qatar 2023 and time to rekindle our patriotism (2)

Daily Dispatch December 18, 2022

By Hassan Gimba I believe the yet-to-be-found Chibok girls and all their loved ones can say the above words about their fatherland. All Nigerian children and their loved ones kidnapped or killed by Boko Haram in the North-East or its other arm, the bandits in the North West and North Central, can borrow these words. All […]

BUSINESS

CBN, NIBSS launch National Domestic Card Scheme for Nigeria

Daily Dispatch October 23, 2022

The Central Bank of Nigeria (CBN), has in line with its mandate to promote stability, inclusion and growth in the financial and payment system,announced the introduction of a National Domestic Card Scheme effectiveJanuary 16, 2023. The Director, Corporate Communications, CBN Osita Nwanisobi, disclosed this in a statement. He said, “Nigeria is Africa’s largest and most […]

BUSINESS

CBN, AMCON confirm sale of Polaris Bank

Daily Dispatch October 20, 2022

The Central Bank of Nigeria (CBN) and the Asset Management Company of Nigeria (AMCON) have formally announced the sale of Polaris bank. According to reports, the sale follows the completion of a Share Purchase Agreement (SPA) for the acquisition of 100 per cent of the equity in Polaris Bank by Strategic Capital Investment Limited (‘SCIL’).NewsClick […]

NEWS

New Boko Haram faction will bomb Aso Rock, CBN, NNPC, others – Primate Ayodele

Daily Dispatch April 29, 2021

The leader of INRI Evangelical Spiritual Church, Primate Elijah Ayodele, has put President Buhari and the Service Chiefs on the alert after God spoke to him about the new dimension of terrorism in Nigeria. The man of God revealed that there is a new set of Boko Haram Terrorists in Nigeria and they are going […]