Tag: CBN
Naira may emerge weaker, as CBN moves to unify exchange rates
On Friday, following news that the Central Bank of Nigeria (CBN) had adopted a flexible exchange rate as reference for government transactions, the official...
NAFEX: CBN removes N379/$1 exchange rate from website
The Central Bank of Nigeria (CBN) has removed the exchange rate of N379/$1 from its website homepage conforming with the bank’s policy that the...
Naira crashes further as CBN injects $1.47bn into FOREX market
Naira closed trading significantly weaker to the dollar at the official market on Tuesday.
Data from the FMDQ Security Exchange showed the Naira closed at...
N60bn Printing Controversy: CBN insists States pay back Budget support loans
Alleged N60 billion Money Printing: Emefiele says CBN will insist States pay back Budget support loans given to them in 2016
Obaseki frowns at FG’s denial, insists CBN printed N60bn for allocation
The Edo State governor, Godwin Obaseki has said he is not determined to join issues with the Federal Government over the claim that the...
Zamfara, CBN inks N5bn gold deal
Gov. Bello Matawalle of Zamfara says that his administration has entered into a N5 billion gold supply deal with the Central Bank of Nigeria...
Import prohibition: CBN targets 12.5m metric tons of maize production
The Central Bank of Nigeria (CBN) on Friday in Abuja said that it would intensify its support to farmers to meet the production of...
Default Loans: CBN authorizes settlement using funds in other banks
Banks in the country will be able to debit the accounts of loan holders in other banks to settle defaults, effective August 1, according...
CBN prohibits finance for importation of maize
The Central Bank of Nigeria (CBN) has directed all authorised dealers to discontinue the processing of Form M for the importation of maize with...
COVID-19 and the global harvest of bankruptcies
Jubal Kanayo takes a global look at the speed at which the novel Corona Virus is laying waste to corporations, firms and economies and...
COVID 19: CBN directs Banks to disinfect offices
The Central Bank of Nigeria (CBN) says it has commenced disinfecting its head office in Abuja and 37 branches across the country.
The bank’s Director,...
COVID-19: CBN says it will intervene in health sector
The Central Bank of Nigeria (CBN) says it is ready to intervene in Nigeria’s health sector following the outbreak of COVID-19.
The CBN Governor, Mr...
Senate Confirms Kingsley Obiora As CBN Deputy Governor
The Nigerian Senate has confirmed the nomination of Dr Kingsley Obiora for appointment as the Deputy Governor of Central Bank of Nigeria.
The confirmation followed...
Sealed e-payment deals hit N203tr, says CBN
Electronic payment (e-payment) transactions worth N203.35 trillion were carried out by banks between January and June 2019, Central Bank of Nigeria (CBN) half-year e-payment...
Charge N25 for N100k transactions, NECA urges CBN
The Nigeria Employers’ Consultative Association has urged the Central Bank of Nigeria to include transactions between N50,000 and N100, 000 among that attract N25...
Refund to bank customers stand at N76.7bn, $20.9m -CBN
Mr Kofo-Abdulsalam Alada, the Director, Consumer Protection Department (CPD) of CBN, said this at a workshop for business editors and members of the Finance...
Central Bank of Nigeria Gets New Director, Currency Operations
The Central Bank of Nigeria (CBN) has announced the deployment of Mr Ahmed Bello Umar as the new Director, Currency Operations Department, with effect...
