CBN reveals list of banks with the lowest and the highest lending rates

The Central Bank of Nigeria  (CBN) has released the list of Nigerian banks with the lowest and the highest lending rates.In the release, CBN unveiled the applicable rates for each of the deposit money banks (DMBs) as at September 30, showing the lowest and the highest rates from the 24 lenders.This unveiling showed that United Bank for Africa (UBA), Skye Bank, Access Bank, FCMB, Fidelity Bank, First Bank of Nigeria, Sterling Bank, and Wema Bank,...

Read More

2 soldiers arrested in connection with the kidnap of Emefiele's wife.

Two soldiers, Lance Corporals Musa Maidabra and Edwin George, serving at 122D30 Regiment in Maiduguri, Borno State, have been arrested for transporting the ransom that was paid for the release of the wife of the Central Bank Governor, Margaret Emefiele.Margaret and three others were abducted along Benin-Agbor Road about two weeks ago and were released 24 hours later after the payment of undisclosed amount to their abductors.The two soldiers said...

Read More

CBN Governor gets Vote of Confidence from FG.

The Presidency appears to have passed a vote of confidence on the Governor of the Central Bank of Nigeria(CBN), Mr Godwin Emefiele, following the moves by some members of the House of Representatives to remove him from office.A Presidency source said, at the weekend, that the Federal Government has confidence in Emefiele to see the country, alongside top government officials in the economic sector, out of recession.A motion sponsored by Hon.Ali Isa...

Read More

Police arrests 6 suspects linked with the kidnap of CBN Governor, Godwin Emefiele's wife .

The police in the Federal Capital Territory have arrested six suspected members of the gang that abducted the wife of the Central Bank Governor, Margaret Emefiele, last Thursday.The suspects, who were arrested at their hideout in Edo State over the weekend, are being held at the state command headquarters, Benin.It was made known that the suspects were apprehended by the operatives of the Inspector-General of Police Special Monitoring and Intelligence...

Read More