Tag: CBN
250,000 Kebbi Farmers To Become Millionaires
Mr Godwin Emefiele, the Governor of Central Bank of Nigeria (CBN), has assured farmers in Kebbi that 250,000 millionaire farmers…
CBN sells one-year treasury bills at N83.16 billion
Nigeria's central bank said on Thursday it sold one-year treasury notes at 18.69 percent, above inflation rate for the second…
Reps urge CBN to withdraw mutilated currency
The House of Representatives, on Thursday, urged the Central Bank of Nigeria (CBN) to urgently withdraw and destroy mutilated naira…
FOREX: CBN releases another $180m
The Central Bank of Nigeria (CBN) has offered additional 180 million dollars to meet bids for wholesale auction and requests…
CBN, IFAD award 60 MFBs
The Central Bank of Nigeria (CBN) and International Fund for Agricultural Development (IFAD) have given awards to 60 microfinance banks…
Forex: CBN Receives Bid For $100m
The Central Bank of Nigeria (CBN) says it has received bids for foreign exchange (forex) of about 100 million dollars…
CBN boosts forex supply with $195m
The Central Bank of Nigeria (CBN) on Tuesday sustained the supply of foreign exchange to the market by releasing 195…
Adeosun urges CBN to extend BVN to MFBs
The Minister of Finance, Mrs Kemi Adeosun, has urged the Central Bank of Nigeria (CBN) to extend Bank Verification Number…
N541.8bn debt: CBN, NCC rescue Etisalat from takeover
Nigeria's financial and telecoms regulator said it agreed on Friday with local banks to end the prospect of receivership for…
NCC, CBN meet over Eisalat’s $1.2bn debt
Nigeria's telecoms regulator met with the Central Bank of Nigeria, CBN, on Thursday over Etisasat's $1.2 billion debt and a…
CBN sells Treasury bills at yields below inflation
The Central Bank of Nigeria, CBN, raised N310.14 billion ($985 million) at an auction of treasury bills on Wednesday at…
N8bn CBN currency scam: Absence of defence counsel stalls trial
The eight billion naira CBN currency scam before Justice Joyce Abdulmaleek of the Federal High Court, Ibadan, suffered another adjournment…
CBN to strengthen naira
The National Association of Government Approved Freight Forwarders (NAGAFF) on Monday advised the Central Bank of Nigeria (CBN) to introduce…
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…