Tag: CBN
Analyst advises CBN to reduce lending rate to 12 per cent
An investment Analyst, Mr Emmanuel Eze, on Tuesday advised the CBN to reduce lending rate from 14 to 12 per…
CBN injects $287.89 million into currency market
The Central Bank of Nigeria, CBN said on Friday that it has injected $287.89 million into currency market to meet…
Agricultural development: Ajimobi seeks CBN support
Gov. Abiola Ajimobi of Oyo State has sought the support of the Central Bank of Nigeria (CBN) for the agricultural…
FG loses N1.69tn to under remittance by CBN, NCC, others
A Senate Ad Hoc Committee has revealed that 25 agencies have shortchanged the Federal Government to the tune of N1.695…
FOREX: CBN strengthens market stability
The Central Bank of Nigeria (CBN) on Monday, injected 195million dollars into the inter-bank Foreign Exchange(Forex) Market. Mr Isaac Okorafor,…
Nigerians in diaspora charge CBN Governor to tackle economic challenge
Nigerians in the United Kingdom (UK) have asked the governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele…
Bill to entrench accountability passes second reading
A Bill for an Act to amend Central Bank of Nigeria (CBN) Act to entrench parliamentary accountability and enhance the…
Development funds: CBN tells entrepreneurs to design good plans
Malam Faruk Abdullahi, Business Development Financing Officer, Central Bank of Nigeria (CBN) Sokoto State branch, on Monday, urged small and…
CBN recovers N50 billion from ‘thieving’ banks
The Central Bank of Nigeria, CBN said on Wednesday it has so far recovered over N50 billion from erring banks…
CBN injects $195 million into currency market
The Central Bank of Nigeria, CBN, said on Tuesday it had injected $195 million into the interbank foreign exchange market,…
NCC collaborates with CBN to checkmate mobile banking fraud
The Nigerian Communications Commission, (NCC) on Thursday said it was partnering with the Central Bank of Nigeria (CBN) to sensitise…
Forex: CBN to sanction banks
The Central Bank of Nigeria (CBN) on Monday threatened to sanction any Deposit Money Bank (DMB) in breach of its…
ABCON chief predicts end to unstable forex market
The President of the Association of Bureau de Change Operators of Nigeria (ABCON), Alhaji Aminu Gwadabe, on Friday, predicted an…
Nigeria’s Economy Exits Depression – Ex-CBN Director
Dr Titus Okunronmu, a former Director, Budgetary Department, Central Bank of Nigeria (CBN), said on Wednesday that Nigeria’s economy had…
Why CBN interventions fail to save Naira
Financial experts have diagnosed plausible reasons for the steady depreciation of the nation’s currency in spite of series of interventions…
Forex: CBN injects $195m intervention
The Central Bank of Nigeria (CBN) on Monday injected another 195 million dollars into the Foreign Exchange (Forex) market.
CBN Tasked On Intervention To Enhance Cassava Production
Mr Duro Kuteyi, a former Chairman of the National Association of Small Scale Industrialists (NASSI), has urged the Central Bank…
Senate Lauds CBN’s Acquisition Of Scanners
The Senate on Tuesday lauded the Central Bank of Nigeria (CBN) for acquiring Hi-Definition scanners and platform to check foreign…
MFBs Bill: CBN, ICAN, others disagree with Senate
Major stakeholders in banking and finance, on Monday, disagreed with the Senate over its proposed amendment of laws on the…
Expert urges CBN to mop up naira
Alhaji Aminu Gwadabe, a financial expert, has urged the Central Bank of Nigeria (CBN) to further mop up excess Naira…
CBN to partner State Govt. in boosting MSMEs
The Central Bank of Nigeria (CBN) said on Tuesday in Umuahia that it would partner Abia Government to boost the…
CBN boosts foreign exchange supply with $195m
The Central Bank of Nigeria (CBN) on Monday, intervened in inter-bank Foreign Exchange Market with the supply of 195 million…
Naira to remain stable as CBN’s interventions cripple speculators
Alhaji Aminu Gwadabe, President, Association of Bureau De Change Operators of Nigeria (ABCON), said on Thursday that the nation’s currency…
Apex Bank reaffirms commitment to combat money laundering
The Central Bank of Nigeria (CBN) says it has taken necessary steps to ensure that the Nigerian banking sector is…
CBN’s Intervention In Forex Market Temporary – Prof Nwaekeaku
Prof. Charles Nwaekeaku of Nassarawa State University, says the Central Bank of Nigeria’s (CBN) interventions in the Foreign Exchange Market…
Etisalat vs Banks: CBN, NCC intervene to save jobs, Asset Stripping
Following the deepening crisis between Etisalat and a consortium of 13 Nigerian Banks over a syndicated loan of about US$1.2…
CBN injects $195m into forex market
Following its 800 million dollars intervention in the Interbank Foreign Exchange (FOREX) Market last week, the Central Bank of Nigeria…
Naira lifted again as CBN injects $418 million
The Naira is set to be given further lift in the forex market with the Central Bank of Nigeria, CBN’s…
Manufacturers condemn harsh interest rate of 14%
The Manufacturers Association of Nigeria (MAN) Ogun Chapter, has condemned the retention of interest rate by the Monetary Policy Committee…
Apex Bank to recommence disbursement MSMEDF soon
The Central Bank of Nigeria (CBN) says it will soon recommence the disbursement of the Micro, Small and Medium Enterprises…