Back to homepage

Tag "CBN"

CBN Reads Riot Act To Operators On Licence Renewal

CBN Reads Riot Act To Operators On Licence Renewal

🕔19:06, 11.Jan 2018

The Central Bank of Nigeria(CBN) has read its riot act to operators in the national payment system, warning them to renew their operating licence three months before the date of its expiration. The apex bank said failure to abide by

Read Full Article
Nigeria: The Contradictions (Part 27)

Nigeria: The Contradictions (Part 27)

🕔06:47, 23.Dec 2017

Woe betide this country if the large number of the unemployed should ever get organized and take on the establishment!

Read Full Article
CBN,NCC Agree To Fight Financial Fraud

CBN,NCC Agree To Fight Financial Fraud

🕔15:04, 20.Dec 2017

The Central Bank of Nigeria(CBN) and the Nigerian Communications Commission(NCC) have both agreed to fight financial fraud. The Head, Zonal Operations Department, NCC, Mrs. Helen Obi, who disclosed this at the eight edition of the Consumer Conversation in the North-Central

Read Full Article
CBN Gives N671bn To Banks In Five Days

CBN Gives N671bn To Banks In Five Days

🕔06:44, 18.Dec 2017

The Central Bank of Nigeria(CBN) has stated that it has given the sum of N671.47bn as loan to Deposit Money Banks between December 11 and 15, 2017. The amounts borrowed were: N178.02bn, N135.3bn, N123.77bn, N116.73bn and N117.64bn, respectively. The said

Read Full Article
Nigeria’s Foreign Reserve Rises To $38.2bn

Nigeria’s Foreign Reserve Rises To $38.2bn

🕔07:40, 6.Dec 2017

Nigeria’s foreign reserve has risen to $38.2 billion for the first time in three years, the Central Bank of Nigeria(CBN) has disclosed. The CBN governor, Mr Godwin Emefiele, who made the disclosure at the commissioning of the Blue Band margarine

Read Full Article
Naira Sells 307 Per Dollar For First Time On Official Interbank Market

Naira Sells 307 Per Dollar For First Time On Official Interbank Market

🕔07:52, 5.Dec 2017

The naira was on Monday, sold at 307/dollar for the first time on the official interbank market.This is after the Central Bank of Nigeria(CBN) weakened the local currency marginally, which has been interpreted as a move to reconcile multiple exchange

Read Full Article
CBN Meets Other Agencies On Implementation Of FSS 2020

CBN Meets Other Agencies On Implementation Of FSS 2020

🕔11:17, 4.Dec 2017

The Central Bank of Nigeria(CBN) has made steps to re-strategise on implementation of the Financial System Strategy 2020 in collaboration with other agencies involved in its implementation The CBN disclosed this in a statement issued on Sunday. The statement reads:

Read Full Article
CBN Raises N117bn From Treasury Bills

CBN Raises N117bn From Treasury Bills

🕔06:17, 30.Nov 2017

The Central Bank of Nigeria(CBN), has raised about N117.17billion at a treasury bill auction yesterday, Wednesday. According to traders, the raising of the treasury bill is followed by the allocation of about 90 percent of the debt to longer maturities.

Read Full Article
Incentives Will Encourage Banks To Return To The North East, NDIC Tells FG

Incentives Will Encourage Banks To Return To The North East, NDIC Tells FG

🕔07:32, 24.Nov 2017

The Nigeria Deposit Insurance Corporation(NDIC),on Thursday urged the Federal Government to provide incentives to banks as it will help them return to the North East. This was contained in a statement by the NDIC Managing Director, Alhaji Umaru Ibrahim in

Read Full Article
7m Jobs Created Through Intervention Scheme–CBN

7m Jobs Created Through Intervention Scheme–CBN

🕔08:08, 10.Nov 2017

The Central Bank of Nigeria(CBN)has disclosed that it created about seven million jobs through different intervention schemes. Acting Director, Corporate Communications, CBN, Mr Isaac Okorafor, disclosed this yesterday during the “CBN Special Day” held at the ongoing Lagos International Trade

Read Full Article