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Tag "CBN"

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

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Senate Faults CBN On MTN Capital Flight Scandal

Senate Faults CBN On MTN Capital Flight Scandal

🕔06:41, 9.Nov 2017

The Nigerian Senate has faulted the Central Bank of Nigeria(CBN) on the capital flight scandal which involves telecom service providers, MTN. The Senate took this stand after the adoption of the report of the Senate Committee on Banking, Insurance and

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Forex: CBN Injects Another $195m Into The Economy

Forex: CBN Injects Another $195m Into The Economy

🕔06:15, 8.Nov 2017

The naira exchanged at an average of N360 to the dollar on the BDC segment of the market Tuesday.

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WARNING: Govt To Take Over Funds In Bank Accounts Without BVN

WARNING: Govt To Take Over Funds In Bank Accounts Without BVN

🕔05:59, 22.Oct 2017

Report has just emerged that the Central Bank of Nigeria(CBN) has directed all commercial banks to crack down on customer’s accounts over Bank Verification Number(BVN). In a memo to the Nigeria Inter-Bank Settlement System(NIBSS), Deposit Money Banks(DMBs), and Other Financial

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CBN Intensifies Support To The Economy With Fresh $195 Million

CBN Intensifies Support To The Economy With Fresh $195 Million

🕔06:22, 17.Oct 2017

The Central Bank of Nigeria(CBN) on Monday intensified its support for the economy with another $195 million pumped into the interbank foreign exchange market. A breakdown of the figure shows that the CBN offered a total sum of $100 million

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Forex Market Gets $195 Million Boost

Forex Market Gets $195 Million Boost

🕔06:31, 10.Oct 2017

The Forex market has been boosted by the Central Bank of Nigeria(CBN) with another $195 million to help make it liquid. A breakdown of the $195 million injected into the economy shows that about $100 million was deployed to the

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Export Proceeds: CBN Vows To Sanction Defaulters

Export Proceeds: CBN Vows To Sanction Defaulters

🕔07:20, 6.Oct 2017

The Central Bank of Nigeria(CBN)on Thursday vowed that it will sanction exporting firms who default in the remittance of export proceeds. Expressing concern over the would-be effect over the economy, the Director, Banking Supervision, CBN, Ahmad Abdullahi, at a press

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Shake Up In CBN As Buhari Makes 5 Major Appointments

Shake Up In CBN As Buhari Makes 5 Major Appointments

🕔07:02, 6.Oct 2017

President Muhammadu Buhari on Wednesday presented Mrs Aishah Ahmad to the Senate for confirmation as Deputy Governor of the Central Bank of Nigeria, CBN. She is to replace a former Deputy Governor, who retired early this year. According to the

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CBN Intervention Helps Naira Maintain Gain

CBN Intervention Helps Naira Maintain Gain

🕔07:14, 5.Oct 2017

The naira has continued to regain its stance after closing at 363 naira/dollar at the end of Wednesday. Recall that there was no trading on Monday following the declaration of a public holiday by the Federal Government to celebrate the

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Budget Deficit: CBN Bails FG

Budget Deficit: CBN Bails FG

🕔07:21, 28.Sep 2017

Following the prediction that the Federal Government might not have enough to fund the 2017 budget, the Central Bank of Nigeria(CBN) has decided to auction treasury bills. While N130.37 billion worth of treasury bills will be auctioned on October 4,

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