Tags Central Bank Of Nigeria

Tag: Central Bank Of Nigeria

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 group is now asking the government to give an account.

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 show.

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 oil palm sector with a view to stopping importation of the commodity.

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 Card, as means of identification for transactions.

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 transactions in them are largely speculative and volatile.

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 and other cryptocurrencies as they are illegal.

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 within their systems.

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 of Nigeria.

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 a court order.

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 affairs company linked to the End SARS protests.

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 (NYIF).

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 government hit today

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 by bussinessman Kessington Adebutu, a.k.a Baba Ijebu.

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 risen to N25.8 billion.

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 Private Sector Coalition Against COVID-19 (CACOVID) stood at N15 billion.

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, moving it from the official price of N307 to N360 and also adjusting the import and export window price from N360 to N380.

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 a single exchange rate instead of the often criticised multiple rates.

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 Sales (SMIS).

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 transactions, is a misinterpretation of its directive by rogue merchants.

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 Teller Machine transactions.

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 at N76.75 billion and 20.90 million dollars.

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 the spot and short tenored forwards segment of the inter-bank foreign market.

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 billion to Tiv communities in Benue invaded by soldiers sometime in year 2001.

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 of Central Bank of...

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 and all financial institutions. Appealing to the CBN is like appealing to the Supreme Court.

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 Fund (MIDF) a reality.Mr...

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 billion at consolidated nine...

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