The Bankers Committee met on Thursday after the Central Bank of Nigeria banned Bureau de change operators from receiving forex. One of the members of the Bankers Committee, Segun Agbaje, the chief executive officer of Guaranty Trust Bank Company said naira will rise against the dollar. Meanwhile, the dollar financial regulator has directed lenders to make foreign exchange offices available at their locations to meet forex demands.
The Bankers Committee which is headed by the Chief Executive Officer of Access Bank, Herbert Wigwe, has revealed its hopes for the naira in the face of the dollar. The committee has assured Nigerians that the exchange rate of the Naira to the dollar will drop to around N423 to a dollar.
The Central Bank of Nigeria (CBN) and the Bankers' Committee, made the Agri-Business/Small and Medium Enterprise Investment Scheme AGSMEIS Loan, as an activity to help the Federal Government's endeavors in the advancement of rural organizations and little/medium undertakings (SMEs) in the nation, you can apply for the Loan with guarantee for the AGSMEIS credit is been dispensed by NIRSAL Microfinance Bank and different Banks Intrigued Nigerian occupied with Agriculture or other SME organizations can access
AGSMEIS Loan & Nirsal MFBank;Applicants are Frustrated Over Endless Waiting Without Feedback & Funds
It is no longer news that, Agric-Business Small and Medium Enterprise Investment accronymed (AGSMEIS) is an initiative of Bankers Committee approved at on its 331st meeting held on 9th of February,2017. This was in a bid to support and complement the Federal Governments' efforts at promoting Agric-Business Small and Medium Enterprise as a vehicle for sustainable Economic development and employment generation. In this article,we are looking at the agency saddled with the responsibility of implementing this laudable
Rakiyat Mohammed, a CBN Information Technology Specialist, said this during a news briefing following the Bankers Committee meeting in Lagos. CBN, she claims, has been researching digital currency technology for more than two years and has made significant progress. “By the end of the year, the Central Bank will make a special announcement and maybe launch a pilot plan to be able to distribute this type of cash to the public,” she said.
Today's Headlines: Bishops Insist On Removal Of Sharia Law, CBN May Launch Digital Currency-Official
Bishops insist on removal of sharia law from constitution The Catholic Bishops Conference of Nigeria has told the National Assembly to expunge all references to Sharia Islamic law from the 1999 Constitution. The organisation also asked the lawmakers to project the secularity of Nigeria pursuant to Sections 10 and 38 of the constitution as no other religion was recognised by the law of the country except Islam.
The Senator representing Cross River South Senatorial District, Sen. Gershom Bassey has facilitated the disbursement of the Agri-Business Small and Medium Enterprises Investment Scheme (AGSMEIS) loans to over 100 members of his constituency who received between N2,000,000 (Two Million Naira) to N10,000,000 (Ten Million Naira) each to enable them grow and enlarge their businesses in the constituency.
Good morning everyone, before you start reading please click on the follow me buttom above to stay updated 3 Major News In Nigeria This Morning 1. CBN Orders Banks To Name Exporters Failing To Repatriate Export Proceeds Central Bank of Nigeria has directed all banks to submit the names, addresses and Bank Verification Numbers of exporters defaulting in repatriating their exports proceeds, for further action. A statement from the CBN said this was agreed Tuesday at the Bankers’ Committee virtual meeting. CBN
Vice President, Yemi Osinbajo has said digital currencies ought to be controlled in Nigeria as opposed to "killing" it.He offered the comments during a feature at the CBN/Bankers Committee's Initiative for Economic Growth.
Of recent, Access Bank of Nigeria sacked some number of staffs probably due the the Covid-19 outbreak which caused an uproar online and in Nigeria as a whole which can be seen as a notorious act. The Central Bank of Nigeria had on 3rd of May 2020 called a special meeting of the Bankers Committee as regards the prevailing issue to stop all banks from sacking their staffs during this Covid-19 epidemic and the extended lockdown which many Nigerians gave accolades to the Governor of the Central Bank of Nigeria.
Access Bank Plc has reacted to news spreading round the country that it had pencilled down 340 of its branches for closure and 75% of its workers for sacking. The bank has come out with a message denying staff retrenchment or branch closure. The terse statement simply said; “Access Bank is neither closing branches nor sacking staff”. Last week, a video whose source could not be confirmed was posted on the net purportedly showing the managing Director of Access Bank, 53-year old Herbert Wigwe, talking ab
Few weeks ago, many had rumored in all social media all round the internet that Access bank of Nigeria would be laying off many of its staff in hundreds of thousands but that seems to be false. The Bankers’ Committee had a meeting which was convened on May 2, 2020 held to review the implications of the recent happenings on the Nigerian banking industry. The Committee had the meeting to deliberate on the issue of the operating costs of banks in view of the disruptions emanating from the global economic d
CBN, banks get assurance in the midst of fears of mass sack 1 day(s) back The Central Financial foundation of Nigeria (CBN) has proclaimed the choice shown up at with banking establishments in the state identifying with lay-offs. As Nigeria fights coronavirus, there are fears in certain quarters that the vocations of many residents, for example, investors, had been at probability. Isaac Okorafor, CBN Director, Company Communications, in an announcement Sunday night, referenced a meeting of the Banke
The Bankers Committee of the Central Bank of Nigeria (CBN) has agreed to suspend plans to lay off staff. This was contained in a statement on Sunday, 3rd of May, 2020, by CBN’s Director of Corporate Communications, Isaac Okorafor. The Group Managing Director of Access Bank, Mr Herbert Wigwe had sparked wide fears last week with his announcement that the bank plans to sack 70% of its workforce. Many analysts had wondered why the regulator, The Central Bank of Nigeria should sanction such decision by the ba
FG opens Koo account — days after suspending Twitter The Nigerian government has opened an official account on Koo, an Indian microblogging platform. The move comes less than a week after the federal government suspended Twitter operations in Nigeria. The government had alleged that the microblogging site was being used to undermine “Nigeria’s corporate existence”.
The Central Bank of Nigeria CBN, is the Apex bank in Nigeria that regulates the activities of other banks in the country. It provides support for banks in all ramifications. There are speculations going on in Nigeria that Nigerian banks are planning to lay off some of its staff due to economic situation caused by Covid 19 Pandemic, this development has generated reactions from Nigerians and other stakeholders in the economic sector. However, Nigerian Banks have agreed to suspend Mass Sack of Staff. The agre
A few days ago, some commercial banks in Nigeria were reported to have taken safety measures to cut their cost, consequentially laying off some of their staff. However, as a result of this, CBN has given its mandate. Commercial Banks in Nigeria have now been requested to suspend any designs to lay off staff in the fallout of the COVID-19 pandemic. This mandate was given after a gathering of the Bankers' Committee on May 2, 2020, says Spokesman of the Central Bank of Nigeria, CBN, Mr. Isaac Okorafor. The
The Central Bank of Nigeria and the Bankers committee has both agreed to suspend any forms of layoff during this period. This was agreed in a meeting held on the 2nd of May 2020. This is a response to the sacking of some Bank workers by Access Bank. See an Excerpt of the Meeting below A special meeting of the Bankers' Committee was convened on May 2, 2020, to further review the implications of the COVID-19 pandemic on the Nigerian banking industry. The Committee particularly deliberated on the issue of the
Plans to lay off bank workers will now be put on suspension. This conclusion came in after the banker's commitee had a meeting. They came to an agreement that banks would need the express approval from the Nigeria's apex bank to retrench any staff. The Central Bank of Nigeria and other banks came to an agreement to suspend the initial plan of laying off workers, this decision was taken in order to ensure that no banker loses his or her job during this pandemic period. This agreement was contained in a state
CBN prevails on banks not to sack workers The Central Bank of Nigeria and the Bankers’ Committee has having the meeting and instructed all the banks to stop suspending the workers in the bank during this COVID-19 pandemic. A statement signed by the Director, Corporate Communications, Mr Isaac Okorafor, said a special meeting of the Bankers’ Committee was convened on May 2, 2020, to stop using this Coronavirus pandemic to be sacking the bankers, they should stop sacking till the committee review the next