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Tag: CBN

CBN’s Naira 4 dollar scheme extended indefinitely

The Central Bank of Nigeria (CBN) has indefinitely extended its Naira 4-dollar scheme which was scheduled to end previously on Saturday, 8 May 2021.

First Bank saga: Adesola’s reinstatement a reaffirmation of authority

The reaffirmation of Adesola Adeduntan as the Managing Director First Bank by the Central Bank of Nigeria (CBN) is a strategic and bold decision aimed at stabilizing Nigeria’s financial sector.

Breaking: CBN sacks all First Bank directors, appoints new ones

The Central Bank of Nigeria, CBN, has sacked all First Bank of Nigeria (FBN) directors and appointed new ones with immediate effect.

N60bn controversy: CBN’s duty is to print money and lend to govt – Emefiele

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele on Friday said it is the duty of the bank to print money which can be lent out to government.

Kebbi trains 10,000 youths on accessing CBN agric loans

Kebbi State on Wednesday began a two-week training for 10,000 youths on how to access Federal Government’s Agri-Business Small and Medium Enterprises Investment Scheme (AGSMEIS) loans.

We’re not aware of Obaseki’s claim of currency printing – CBN

The Central Bank of Nigeria and the Federal Ministry of Finance, Budget and National Planning have denied knowledge of the claim that Nigeria printed N50-N60 billion last month to cushion its financial trouble.

CBN freezes 11 bank accounts over suspicious activities

Eleven bank accounts of some companies and individuals were on Wednesday frozen by the Central Bank of Nigeria (CBN).

N1.487trn disbursed to boost food security: CBN

The Central Bank of Nigeria (CBN) said it has disbursed N1.487 trillion under its various agricultural programmes to boost food security.

CBN, NCC introduce new USSD charges

The Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC) have introduced new charges for customers for the Unstructured Supplementary Service Data (USSD) services, effective March 16.

Ecobank to pay customers N5 for every dollar received

Ecobank is implementing the Central Bank of Nigeria (CBN)’s scheme which offers N5 for every Dollar received into domiciliary accounts or as cash over the counter.

“Send a dollar, get five naira free”: CBN launches forex promo

The Central Bank of Nigeria (CBN) on Saturday introduced a new incentive to encourage the inflow of diaspora remittances.

Banning cryptocurrencies was in interest of Nigerians – CBN

The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has said that the bank's decision to prohibit deposits money banks and other financial institutions from supporting cryptocurrency trading was in the best interest of Nigerians.

Cryptocurrency ban: Emefiele honours NASS invitation

Godwin Emefiele, the Governor of the Central Bank of Nigeria (CBN), has honoured the invitation of the Senate over the ban placed on cryptocurrency...

Senate summons CBN Governor over ban on Cryptocurrency

The Nigerian Senate on Thursday summoned the Central Bank of Nigeria, CBN, Governor, Godwin Emefiele over ban on use of cryptocurrency in the country.

No going back on cryptocurrencies: CBN

Despite the growing criticisms, Nigeria's apex bank, the Central Bank of Nigeria (CBN) has said that it will continue to do all within its regulatory powers to educate Nigerians to desist from the use of cryptocurrencies.

Outrage as CBN directs banks to close accounts of cryptocurrency traders

Nigerians are currently reacting to the Central Bank of Nigeria, CBN’s direction to banks to close accounts of persons or entities involved in cryptocurrency transactions within their systems.

New Year: Buhari gives marching order to CBN on food importation

President Muhammadu Buhari has given a marching order to the Central Bank of Nigeria, CBN, not to give any money for food importation in the New Year.

Beneficiaries of remittances to collect US dollars from today

Governor of Central Bank of Nigeria (CBN), Godwin Emefiele said beneficiaries of diaspora remittances will now be paid in dollars from today.

#EndSARS: Youths threaten second wave of protest from Monday

Nigerians youths are threatening a second wave of the #EndSARS protests on Monday 9th November 2020, in some parts of Lagos and Abuja.

N75bn youth investment fund: CBN releases guidelines

The Central Bank of Nigeria (CBN) has released guidelines for implementation of the proposed N75 billion Nigeria Youth Investment Fund (NYIF).

(Breaking) P&ID: London Court orders release of $200M guarantee to Nigeria

The London Commercial Court on Tuesday ordered the release of $200 million guarantee as security in respect of the execution of the much discredited P&ID $10 Billion Arbitral Claim, to Nigeria.

Sensitive materials arrive Edo for governorship poll, INEC declares readiness

Sensitive materials for the governorship poll in Edo State have arrived the Central Bank of Nigeria, CBN, in the state in readiness for Saturday's poll.

JUST IN: Buhari orders CBN not to give a kobo for food, fertilizer importation

President Muhammadu Buhari on Thursday ordered the Central Bank of Nigeria, CBN ''not to issue a kobo'' of the country’s reserves for the importation of food items and fertilizer.

CBN reiterates commitment to MSMEs, as AUDA-NEPAD partners Ecobank

The Director, Development Finance, Central Bank of Nigeria (CBN), Yusuf Philip Yila, has said the apex bank had put in place several funding support initiatives to enable Micro, Small and Medium Enterprises (MSMEs) survive the COVID-19 pandemic and beyond.

CBN resumes sales of foreign exchange to licensed BDC operators

The Central Bank of Nigeria (CBN) says it has commenced the sales of foreign exchange to the Bureau De Change (BDC) operators in the...

CBN moves to ban 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 immediate effect.

NECA commends CBN over MPR reduction

The Nigeria Employers’ Consultative Association (NECA) has commended the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) for reducing the Monetary Policy Rate (MPR) from 13.5 percent to 12.5 percent.

COVID-19: Tinubu sends important message to CBN, Nigerian govt

The All Progressive Congress (APC) National Leader, Chief Bola Tinubu, on Sunday urged the Central Bank of Nigeria to reduce interest rates to avoid stifling domestic investment and income during the COVID-19 crisis.

JUST IN: Stop the retrenchment now, CBN orders Banks

The Central Bank of Nigeria, CBN, has ordered banks to stop any form of retrenchment of workers now.

Coronavirus: Corporate bodies laud Uzodinma, make donations

Doors of good tidings have continued to open for Imo State as corporate bodies and other good-spirited groups keep responding to Governor Hope Uzodimma’s plea for assistance in the procurement of relief items to cushion the effect of the coronavirus lockdown in the state.

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