Tag: CBN
New foreign exchange policy will strengthen naira — CBN
The newly introduced foreign exchange policy by the Central Bank of Nigeria (CBN) will help shore up the naira, an…
Business, Headlines, Metro, News
CBN sells N400 billion Bill to mop up money market liquidity
The Central Bank of Nigeria, CBN, sold about N400 billion ($1.27 billion) of Treasury bills on Friday, lifting the interbank…
Sultan of Sokoto commends CBN’s rice initiative
The Sultan of Sokoto, Alhaji Sa’ad Abubakar III, says the Central Bank Nigeria (CBN), Anchor Borrowers’ Programme has boosted local…
Anchor Borrowers Programme crashes price of local rice -CBN
The Central Bank of Nigeria (CBN), says the agricultural initiative, `Anchor Borrowers Programme’ launched by the Federal Government has led…
LCCI charges CBN to review MPR
Worried by the high lending rate to the private sector, the Lagos Chamber of Commerce and Industry (LCCI), has charged…
CBN to use fingerprint scanner to check ATM frauds
Prof. Charles Ayo, the immediate past Vice-Chancellor, Covenant University, Ota in Ogun, has advised the Central Bank of Nigeria (CBN),…
Worldremit commends CBN on re-launch of IMOTS
WorldRemit, a digital remittance service, has commended the Central Bank of Nigeria (CBN) on the re-launch of the International Money…
LCCI boss tasks CBN on policies, announcements
Mr Muda Yusuf, the Director-General, Lagos Chamber of Commerce and Industry (LCCI), has advised the CBN to be careful of…
CBN says no Nigerian bank in distress
The Central Bank of Nigeria, CBN, on Wednesday, said that no bank in the country was distressed. The CBN in…
BREAKING: CBN sacks Skye Bank chairman, appoints new Board Chairman
CBN removes Skye Bank chairman, MD, others, appoints Mr Tokunbo Abiru as new MD, and Alhaji M K Ahmed as…
Bank customers to submit bids ahead of naira float
Commercial banks have asked customers to submit bids ahead of the start of new interbank foreign exchange trading on Monday.…
Investors confidence to be boosted by new CBN forex policy- Economist
An economist, Mr Uche Uwaleke, has said that the new foreign exchange policy will reduce uncertainty in the forex market…
LCCI tasks CBN on guidelines for new forex policy
The Lagos Chamber of Commerce and Industry (LCCI) has appealed to the CBN to ensure transparency in the formulation of…
My involvement with Sanusi’s letter to Jonathan – Amaechi
Rotimi Amaechi has cleared the air on his involvement in the letter written by former governor of the Central Bank…
Saraki mandates senate committee, CBN to settle GENCOs debt
Nigeria’s senate president, Bukola Saraki has mandated the Senate Committee on Power to liaise with the Central Bank of Nigeria…
China: CBN, ICBC agree deal on yuan
Industrial and Commercial Bank of China Ltd (ICBC) , the world’s biggest lender, and Nigeria’s central bank on Tuesday signed…
CBN ready to create jobs through local production – Emefiele
The Governor, Central Bank of Nigeria (CBN), Godwin Emefiele, has assured genuine investors of cooperation and support toward self-sufficiency in…
CBN approves two super agents to distribute banking services
Mrs Tokunbo Martins, the Director, Banking Supervision Department of the Central Bank of Nigeria (CBN), says the bank has approved…
Aisha Buhari, Garba Shehu got forex on orders of CBN gov, says PDP
Nigeria’s main opposition party, the Peoples Democratic Party (PDP) has claimed that the wife of the president, Aisha Buhari and…
Interswitch wins EPIS Awards
Funsho Arogundade Interswitch Limited has emerged as a multiple award winner at the maiden edition of the Electronic Payment Incentive…
Can CBN really tame the rising inflation?
With the recent economic downturn facing the nation gradually snowballing to becoming one of the greatest challenges of this administration,…
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SERAP to CBN: Withdraw corrupt recruitments or we’ll sue
Socio-Economic Rights and Accountability Project (SERAP) has sent an open letter to Godwin Emefiele, Governor of the Central Bank of…
CBN confirms explosion, death of staff
The Central Bank of Nigeria confirmed last night that two persons, a staff and a construction worker have died from…
Explosion at CBN office in Calabar, many feared dead
An explosion has rocked the Central Bank of Nigeria, Calabar branch killing many people, the Nigeria Television Authority (NTA) has…
Nigeria’s investor proposes N15trn Collateral Bank
Kazeem Ugbodaga Nigeria’s infrastruture development financier and Group Managing Director of CFL Group of Companies, Lai Omotola, has written to…
Illegal charges 2015: banks refund N6.2bn —CBN
The Central Bank of Nigeria (CBN), said it compelled Deposit Money Banks (DMBs), to refund N6.2 billion to customers they…
CBN agrees 5% lending rate to farmers – Ogbeh
The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, said the Central Bank of Nigeria (CBN) had agreed to…
Edo to massively benefit from CBN N143m intervention fund
No fewer than 377 cooperative societies in Edo have been selected to benefit from the N143 million Micro, Small and…
FG to make N66.1bn from stamp duty in 2016
The Federal Government is targeting an additional N66.1 billion revenue in 2016 from an imposed stamp duty of N50 on…
N50 Stamp Duty: CBN exempts salary accounts, self-to-self transactions
Payments of salaries and wages as well as payments and deposits for self-to-self transactions whether inter or intra bank are…