Tag: CBN
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…
Ex-CBN chief calls for less dependence on oil trade
A retired Director of the CBN, Chris Nemedia, on Monday urged the Federal Government to be less-dependent on trading in…
CBN stops dollar sales to bureaux de change
The Central Bank of Nigeria (CBN) says it has discontinued the sale of foreign exchange (forex) to Bureau De Change…
$14bn: CBN assures Dangote Group of FOREX support
The Central Bank of Nigeria (CBN) has said that it would assist the Dangote Group to access foreign exchange to…
Dasukigate: SERAP wants EFCC, ICPC to go after CBN, other banks’ executives
Socio-Economic Rights and Accountability Project (SERAP) has sent petitions to the Economic and Financial Crimes Commission (EFCC) and the Independent…
Association lauds CBN new guidelines on loans for SMEs
Eke Ubiji, the Executive Secretary, Nigerian Association of Small and Medium Enterprises (NASME), has lauded the proposal of CBN to…
50 IDPs get knitting machines in Maiduguri
The North-East Entrepreneurship Development Centre (EDC), of Central Bank of Nigeria (CBN), on Sunday distributed 50 knitting machines to 50…
I delivered $47m in 11 suitcases to Dasuki – Ex-director
A former Director of Finance in the Office of the National Security Adviser (ONSA), Shuaibu Salisu, has stated that $47million…
CBN will soon release details on recovered funds – Buhari
President Muhammadu Buhari was at the Osigwe Anyiam-Osigwe Memorial Lecture today at the International Conference Centre, Abuja. He spoke on…
Nigeria’s foreign reserves drop to $30.04bn – CBN
The Central Bank of Nigeria (CBN) said that the nation’s foreign reserves fell to 30.04 billion dollars as at November…
Wema Bank gets approval to operate as national bank
Wema Bank on Thursday said it had been granted a national banking licence by the Central Bank of Nigeria (CBN).…
Treasury Single Account: CBN fines Skye Bank N4bn
The Central Bank of Nigeria (CBN) has imposed a fine of N4 billion on Skye Bank Plc for failing to…
Stanbic IBTC gets respite as CBN says no need to restate accounts
Nigeria’s central bank did not find “material misrepresentation” after examining past accounts of commercial bank Stanbic IBTC and sees no…
BVN: CBN extends enrollment for Diaspora bank customers
The Central Bank of Nigeria (CBN) has extended the timeline for Nigerian bank customers in the Diaspora to enroll for…
Farmers told to access CBN intervention fund
The All Farmers Association of Nigeria (AFAN) in Lagos on Friday advised members to develop agri-business proposals to access the…
BVN: CBN warns against disclosure of account details
The Central Bank of Nigeria (CBN) on Friday urged bank customers to be wary of individuals alerting them on the…
Nigeria’s FRC asks CBN, others to sanction Stanbic IBTC chairman
Nigeria’s Financial Reporting Council, FRC on Monday asked the Central Bank of Nigeria to take regulatory action against Atedo Peterside,…
Inflation up to 9.4%, above CBN ceiling
Nigeria’s consumer inflation was at 9.4 per cent year-on-year in September, up 0.1 percentage point from August and staying above…
Edo Assembly gives Oshiomhole nod to take N10bn loan
Jethro Ibileke/Benin A N10 billion special loan from the Central Bank of Nigeria, has been approved for Edo State Government…
Days of corruption gone, Customs boss vows
Col. Hamid Ali, the Comptroller-General of Nigeria Customs Service (NCS), on Monday said corrupt practices would no longer be tolerated,…
CBN to assist flood victims in Kebbi
The Central Bank of Nigeria, CBN on Saturday said that it would provide assistance to farmers in Kebbi affected by…
Nigeria’s foreign reserves crash by $1billion
The Central Bank of Nigeria has revealed in its data for the month of September that there has been a…
Nigerian companies in trouble as CBN measures backfire
Reuters – Nigerian companies making anything from soap to tomato paste could run out of raw materials and be forced…
CBN encourages bank lending to stave off recession
Reuters – Nigeria’s central bank loosened monetary policy on Tuesday by injecting liquidity into banks, in a bid to stave…
CBN injects dollars into Nigeria’s economy
Central Bank of Nigeria (CBN) has injected dollars into the market on Friday after a lull in foreign exchange trade…