✕ CLOSE Online Special City News Entrepreneurship Environment Factcheck Everything Woman Home Front Islamic Forum Life Xtra Property Travel & Leisure Viewpoint Vox Pop Women In Business Art and Ideas Bookshelf Labour Law Letters
OPAY: Scholarship
Search
Click Here To Listen To Trust Radio Live

Tag: hawking

Yobe State map

Yobe emir urges govt action to curb hawking, gender-based violence
24weeklypage28

Traders hawk naira notes in Delta

The Central Bank of Nigeria has released a strong affirmation of the security of cash within Nigerian banks, highlighting the country's banking sector's soundness. Amid widespread unconfirmed rumours, not originating with the CBN, raising concerns about the health of Nigerian banks, the central bank of Nigeria asked the people not to panic and to continue with their usual banking activity. To ease people's anxieties and comfort them, the CBN emphasized its readiness and capability to carry out its stated role of maintaining a stable financial system in Nigeria. This statement by the CBN responds to the concern caused by unverified information and seeks to reassure the public about the safety and stability of the country's banking industry. "The Central Bank of Nigeria has noticed reports, in certain media outlets, about a recommendation for the Federal Government to take over some CBN-supervised financial institutions," said the apex bank's acting Director, Corporate Communications, Hakama Sidi-Ali, in a statement issued on Wednesday. "To avoid any doubt, Nigerian banks are still safe and sound. The CBN advises the public to go about their daily lives without getting disturbed by reports regarding the health of Nigerian banks that have not come from the CBN. "The CBN is fully equipped to carry out its statutory duty of ensuring the stability of Nigeria's financial system. "We assure the general public and depositors that their funds are safe in Nigerian financial institutions. "Bank customers are therefore advised to proceed with their banking transactions as usual, as there is no cause for concern." This statement follows a report by the CBN's special investigator, Jim Obazee, alleging that Godwin Emefiele, the former governor of the federal bank, used proxies to establish two financial institutions. According to the report, Emefiele utilised proxies to acquire Union Bank of Nigeria for Titan Trust Bank Limited and Keystone Bank without providing any proof of payment. As a result, it recommended that the Federal Government reverse the sale and take over the banks.
Top Story

CBN moves against hawking of mint notes to curb illicit money flow

Against the backdrop of widespread reports on hawking of new naira notes, the Central Bank of Nigeria (CBN) as part of protecting the integrity of…



More

  • July 22, 2022
    C/River bans hawking along major highways in Calabar
  • February 4, 2022
    Sanwo-Olu gives scholarships to 2 girls hawking
  • August 21, 2021
    When hawking by children becomes business for parents, agents
  • April 14, 2021
    Asians hawking vegetables, selling Ankara, taking over Nigerian jobs – FG
  • March 20, 2021
    Hawking: A glance at one of Arewa’s problems