Tag: CBN
Financial inclusion: CBN unveils new policy to capture the unbanked
The Central Bank of Nigeria (CBN), on Thursday unveiled the National Financial Inclusion Strategy designed to ensure that at least…
CBN injects $210 million into currency market
Nigeria’s Central Bank said on Tuesday it had injected $210 million into the inter-bank foreign exchange market, as it seeks…
Nigerians project rise in inflation in next 12 months — CBN report
Some Nigerians have projected rise in inflation and borrowing rates as well as naira appreciation in the next 12 months.…
Unity Bank wins CBN ‘Sustainable Transaction of the Year in Agriculture’ Award
Unity Bank Plc has won the Central Bank of Nigeria (CBN) 2018 sustainable banking award, clenching the award for ‘Sustainable…
$8.1billion forex palaver: MTN, CBN reach settlement
Akin Kuponiyi A Federal High Court sitting in Lagos has adjourned till December 12, 2018 for report of amicable settlement,a…
MTN, CBN in talks to settle $8.1 billion dispute
South African telecoms firm, MTN Group and Nigeria’s Central Bank are in talks to settle an $8.1 billion dispute, their…
Breaking: CBN grants Diamond bank approval to operate as National bank
The Central Bank of Nigeria (CBN) has granted Diamond Bank Plc, approval to operate as a national bank following its…
CBN’s monetary policy inhibiting growth of SMEs
Edo State Government on Thursday said that the Central of Bank of Nigeria (CBN)'s monetary policy of high interest rates…
Nigeria records reduction in rice importation – CBN
The Central Bank of Nigeria (CBN), says the volume of rice importation into Nigeria (in metric tonnes) has declined drastically…
CBN injects $337.16m, 56.17m CNY into SMIS
The Central Bank of Nigeria (CBN) on Friday said it injected 337.16 million dollars in the retail Secondary Market Intervention…
Alleged $8.1bn repatriation: MTN vs CBN case adjourned till Dec. 4
A Federal High Court in Lagos has adjourned till Dec. 4, hearing in a dispute between MTN Nigeria and the…
CBN injects $337m, CNY53m into Inter-Bank Forex Market
In another round of intervention, the Central Bank of Nigeria (CBN), on Friday, injected over 337 million dollars in the…
CBN urged to enforce ban on sale of new Naira notes
Prof. Ishaq Akintola, the Director of Muslim Rights Concern (MURIC), an NGO, has urged the Central Bank of Nigeria (CBN)…
Skye Bank: Federal Government to prosecute offenders
The Federal Government has promised to persecute all those found to be responsible for the failure of the now-defunct Skye…
CBN revokes operating licence of Skye Bank Plc
The Central Bank of Nigeria, CBN on Friday said it has revoked the operating licence of Skye Bank Plc with…
Osun Guber: Security beefed up at INEC, CBN in Osogbo
Ahead of the Saturday’s governorship election in Osun, security has been beefed up around the Independent National Electoral Commission (INEC)…
N1.8bn fine imposed on Stanbic IBTC is in national interest – CBN
The Central Bank of Nigeria (CBN) on Friday said the alleged deduction of N1.886 billion fine from Stanbic IBTC Bank’s…
CBN injects $210m into forex market
The Central Bank of Nigeria (CBN) says it has injected 210 million dollars into the inter-bank Foreign Exchange Market to…
CBN to disburse N220 billion to Enterprises Development Fund
The Central Bank of Nigeria (CBN) said it had set aside N220 billion to be disbursed as loans to cooperative…
CBN fines 4 banks N5.87bn over forex irregularities
The Central Bank of Nigeria (CBN) on Wednesday imposed a N5.87 billion fine on Standard Chartered Bank, Stanbic-IBTC, Citibank, and…
CBN imposes N5.87bn fine on four banks for violating extant laws
The Central Bank of Nigeria, CBN, has imposed a fine of N5.87bn on four banks for flagrant violation of extant…
Ogbeh commends CBN 9% lending policy to farmers
Chief Audu Ogbeh, the Minister of Agriculture and Rural Development, has commended the Central Bank of Nigeria (CBN) new nine…
CBN boosts foreign exchange market with $210m
The Central Bank of Nigeria (CBN), has injected 210 million dollars into the inter-bank Foreign Exchange Market to ensure adequate…
Forex inflow hit $91b in 2017 – CBN
The Central Bank of Nigeria (CBN), says the aggregate foreign exchange inflow into the country stood at $91 billion in…
CBN injects $210m into foreign exchange market
The Central Bank of Nigeria (CBN) has sustained its intervention in the inter-bank foreign exchange market by injecting 210 million…
CBN to introduce new cyber-security framework
The Central Bank of Nigeria (CBN) said it was developing a Risk Based Cyber Security Framework for banks and payment…
Manufacturers urge CBN to reduce interest rate
The Manufacturers Association of Nigeria (MAN), has urged the Central Bank of Nigeria (CBN) to reduce its Monetary Policy Rate…
MPC: Economists foresee rates retention
Economists have expressed optimism that the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) would retain the…
CBN injects $210m into Forex market
The Central Bank of Nigeria (CBN), on Tuesday injected 210 million dollars into the inter-bank Foreign Exchange market to meet…
Financial Inclusion: CBN urges financial operators to diversify products
The Central Bank of Nigeria (CBN), has urged insurance operators in the country to ensure diverse insurance products to enable…