Tag: Central Bank Of Nigeria
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These companies offer a solid mix of liquidity, profitability, and long-term value, making them reliable options for investors in 2025.
CBN introduces new metrics for economic growth and stability
During a session in Abuja on Friday with the Senate Committee on Banking, Insurance, and other Financial Institutions, CBN Governor…
Union Bank: Special Investigator to grill ex-CBN dep. gov. Tunde Lemo, others
Titan Trust Bank, TTB with Mr Tunde Lemo, a former deputy governor of CBN as the Chairman and Mr. Cornelius…
Emefiele: Probe uncovers how $6.3m was looted from CBN days before 2023 election
According to the Special Investigator, $6.3 million was allegedly removed from the vaults of Foreign Payments Office, Abuja Branch, of…
Court orders CBN to release N82bn to Akwa Ibom communities
The Federal High Court, Abuja, granted a garnishee order absolute, on the Central Bank of Nigeria (CBN) to release N81.9…
N296m loan: CBN sends Civil Defence after Benue rice farmers
A loan of N301.8 million was disbursed by the CBN to Benue Rice Farmers through RIFAN but only N5.1 million…
CBN begins e–invoice for importers, exporters Feb. 1
The circular explained that all import and export operations would require the submission of an electronic invoice authenticated by the…
Oyetola begins disbursement of CBN’s MSME loans
Sanya Olopade, the acting General Manager of Osun Micro Credit Agency said artisans, traders, farmers, manufacturers, and producers are among…
CBN set to launch digital Naira
Over 85 per cent of Central Banks worldwide were considering digital currency and so CBN is also in tune with…
Exclusive: After CBN crackdown, online stock trader Rise Vest assures investors
The confidence boosting message by Rise Vest followed reports that the Others affected are Bamboo Systems Technology Limited, Bamboo Systems…
CBN fails to submit audited report since 2010; 800bn unremitted
The Central Bank of Nigeria (CBN) has failed to submit its audited account to the Office of the Accountant General…
Buhari govt overdraws CBN account by $25 billion
The Buhari administration has borrowed $25billion from the Central Bank of Nigeria via overdrafts and loans since 2015 and a…
Exclusive: Nigeria’s foreign reserve plunges despite higher oil prices
Nigeria's foreign reserve has declined rather than being boosted by higher crude prices, figures published by Central Bank of Nigeria…
CBN to revive oil palm sector, stop importation – Emefiele
Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emiefele, has reiterated the apex bank's commitment to reviving the…
CBN says travel documents valid ID at banks
The Central Bank of Nigeria (CBN) has directed commercial banks to accept Machine Readable Travel Documents (MRCTD) and Refugee Identification…
Why we banned cryptocurrencies: CBN
The Central Bank of Nigeria has given an insight into why it banned Nigerian banks from trading in cryptocurrencies, saying…
CBN declares Bitcoin, other cryptocurrencies illegal
The Central Bank of Nigeria (CBN) has warned commercial banks and other financial institutions to desist from dealing in Bitcoin…
Close accounts of cryptocurrency traders – CBN orders banks
The Central Bank of Nigeria, CBN has directed banks to close accounts of persons or entities involved in cryptocurrency transactions…
Nigerian banks migrate to new cheque standards, old ones expire 31 Dec.
Nigerian banks are migrating in the New Year, into brand new cheque standards, on the order of the Central Bank…
Shocking: CBN froze accounts of #EndSARS promoters before court order
Mr. Femi Falana revealed the CBN ordered the freezing of bank accounts of some #EndSARS protesters two weeks before obtaining…
CBN freezes accounts of youths linked with #EndSARS
Central Bank of Nigeria has been granted a court order to freeze the accounts of 19 individuals and a public…
CBN releases guidelines for N75b Nigeria Youth Investment Fund
The Central Bank of Nigeria (CBN) has released guidelines for implementation of the proposed N75 billion Nigeria Youth Investment Fund…
Official website not hacked – CBN
The Central Bank of Nigeria has denied reports that its website was hacked on Friday.
Hackers shut down website of Nigeria’s Central Bank
Anonymous hacking group has shut down the website of the Central Bank of Nigeria, the third cyber asset of Nigeria's…
COVID-19 hits Nigeria’s manufacturing sector, PMI falls again
Nigeria's manufacturing Purchasing Managers’ Index (PMI) has contracted for the fifth consecutive time, falling to 46.9 index points.
CBN seizes accounts of Baba Ijebu’s Premier Lotto, 37 others
The Central Bank of Nigeria has ordered banks to freeze the accounts of 38 Nigerian companies, including Premier Lotto, owned…
CACOVID relief fund gets bigger: CBN
The Central Bank of Nigeria (CBN) on Friday revealed that its Private Sector Coalition Against COVID-19, CACOVID relief fund has…
Nigeria’s Coronavirus donations hit N15bn
The Central Bank of Nigeria (CBN) on Wednesday said that monetary contributions to its relief fund under the auspices of…
CBN says it has only adjusted Naira price, not devalue it
The Central Bank of Nigeria has reacted to news it has devalued the Naira by as much as 15 percent,…
Naira devalued as CBN seeks exchange uniformity
The Central Bank of Nigeria may have devalued the Naira by as much as 15 per cent as it seeks…