Tag: Central Bank Of Nigeria
Forex: CBN injects $218.41m, CNY 18m into retail secondary market
The Central Bank of Nigeria (CBN) has injected the sum of 218.41 million dollars into the retail Secondary Market Intervention…
Ecobank adopts CBN’s reduced bank charges
Ecobank Nigeria has complied with the Central Bank of Nigeria’s recent directive on the reduction of bank charges.
N50 surcharge on POS transaction illegal: CBN
The Central Bank of Nigeria (CBN) said the N50 being charged Nigerians who use Point of Sale (POS) machines for…
CBN announces new bank charges for ATM, transfers (IN FULL)
Central Bank of Nigeria has announced a new regime of charges banks can levy on their customers, including on Automated…
CBN says refund to bank customers stand at N76.7bn, $20.9m
The Central Bank of Nigeria (CBN) says the worth of money refunded to bank customers as at Nov. 30 stood…
CBN pumps $325m, CNY14m into forex market
The Central Bank of Nigeria (CBN) has injected $325.5million into the retail Secondary Market Intervention Sales (SMIS) and CNY14million in…
Military invasion: Court orders CBN to pay Benue communities N8bn
The Federal High Court, on Monday, ordered the Central Bank of Nigeria (CBN) to immediately pay the sum of N8…
Emefiele’s commitment to MSMEs lauded
The Chairman of Abuja Chapter of Chartered Institute of Bankers of Nigeria (CIBN), Prof. Uche Uwaleke, has commended the Governor…
How to report your errant bank to CBN
You can seek redress against any errant bank through the Central Bank of Nigeria, the regulator of the banking system…
Group tasks CBN on Mortgage Interest Drawback Fund
Housing Development Advocacy Network, an NGO, has urged the Central Bank of Nigeria (CBN) to make the Mortgage Interest Drawback…
Investors in agric, manufacturing can now borrow at 9% interest
Agricultural, manufacturing and the sectors considered as growth and employment stimulating, can now borrow long term as much as N10…
CBN floods FOREX market with dollars, directs banks to sell to everybody
The Central Bank of Nigeria, CBN, has directed all banks to sell foreign exchange to anyone that is willing to…
Non-oil exports gets N500bn from Central Bank of Nigeria
The Central Bank of Nigeria (CBN) has finalised arrangement with Nigeria Export-Import Bank (NEXIM) to assist local manufacturers who are…
CBN offers $150 million in currency forwards
The Central Bank of Nigeria, CBN, said on Monday that it had offered $150 million in currency forwards, as it…
CBN issues license to Development Bank of Nigeria
The Central Bank of Nigeria (CBN) has issued license to the Development Bank of Nigeria (DBN) of the Federal Ministry…
Forex: CBN lifts supply with $180 million
The Central Bank of Nigeria (CBN) on Monday offered a total of $180 million to meet bids for wholesale auction…
CBN approves dollar sale to more exchange bureaux
Nigeria's central bank on Thursday cleared more retail currency bureaux to take part in a weekly dollar sale to boost…
CBN directs banks to open foreign exchange outlets in major airports
To ease the burden of travellers, the Central Bank of Nigeria (CBN) has directed all banks to open Foreign Exchange…
Afikuyomi Jnr: Between Inflation and hard place
By Tokunbo Afikuyomi Jnr. In its final Monetary Policy Committee meeting for 2016, the Central Bank of Nigeria (CBN) held…
No Nigerian bank is undercapitalised – CBN
The Central Bank of Nigeria (CBN) has said that there was no truth in a report that seven Nigerian banks…
CBN cautions bank customers against fake sms
The Central Bank of Nigeria (CBN) has cautioned bank customers against disclosing their Debit (ATM) Card details to fraudsters who…
Veteran actor, Jab Adu dies at 83
Funsho Arogundade Veteran actor and dramatist, Joseph Abiodun Babatunde Adu, popularly known as Jab Adu, is dead. A source close…
57 million Nigerians now have access to financial services-CBN
The Bankers Committee of the Central Bank of Nigeria (CBN) on Thursday said 57 million Nigerians, which represents 66 per…
Tech firm unveils online currency exchange platform
CloudWare Technologies on Wednesday unveiled an innovative online currency exchange platform, ‘Sabo.ng’, as a panacea to the difficulty in accessing…
Judiciary is a sitting duck
President Muhammadu Buhari has described the judiciary as a sitting duck. He stated this while answering questions on allegations that…
CBN Governor promises robust economy, stable currency in 2016
Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefeile says the apex bank is evolving additional measures to boost…
CBN disburses N64.7bn power intervention fund
The Central Bank of Nigeria (CBN) says it has so far disbursed N64.7 billion of the N213 billion earmarked for…
Arbitrary charges: Experts want CBN to tighten oversight function on banks
Some financial experts have urged the Central Bank of Nigeria (CBN) to tighten its oversight function on Deposit Money Banks…
FG investigates revenues earned in foreign currency remitted in naira
The National Economic Council (NEC), on Thursday mandated the Central Bank of Nigeria (CBN), and Ministry of Finance to investigate…
BVN deadline: Banks witness rush
The Biometric Verification Number (BVN) dominated the banking industry last week as customers again went into a last minute rush…