Tag: Central Bank of Nigeria

Nigerian Banks Recovered N50.32m Loans Within 9 Days – CBN Director

Henry Solomon- August 18, 2020

Mr Kevin Amugo, Director, Financial Policy and Regulation, Central Bank of Nigeria (CBN), said Nigerian banks recovered about N50.32 million bad loans from debtors within ... Read More

Court adjourns National Theater concession suit until Oct. 29

inno.korie- July 24, 2020

A Federal High Court in Lagos on Friday adjourned until October 29, the continuation of hearing in a suit by a company, Topwideapeas Ltd., challenging ... Read More

Slash in Bank Charges Excite Nigerians

Olisa- December 23, 2019

Banks customers on Monday commended the Central Bank of Nigeria (CBN) for its move in slashing various banks charges. According to The News Agency of ... Read More

CBN: 1m farmers benefit from Anchor Borrowers scheme

admin- June 24, 2019

The Central Bank of Nigeria (CBN), said more than one million smallholders farmers had access to finance through its Anchor Borrowers Programme. Emefiele said this ... Read More

Ministry urges women to leverage ICT to grow businesses

admin- June 24, 2019

The Federal Ministry of Industry, Trade and Investment has urged Nigerian women to leverage the potential in Information Communication Technology (ICT) to grow their businesses. ... Read More

TSA: Group calls for legislation, review

admin- June 19, 2019

United Global Resolve For Peace (UGRFP) has called on the Federal Government to propose a bill to the National Assembly to make the operation of ... Read More

FirstBank demystifying financial inclusion with XploreFirst

admin- May 29, 2019

Worried by the increasing rate of the unbanked population, the Federal Government, through the Central Bank of Nigeria (CBN), kicked off a campaign in 2012 ... Read More

Senate confirms Emefiele’s reappointment as CBN Governor

admin- May 16, 2019

The Senate, on Thursday, confirmed the renewal of appointment of Mr Godwin Emefiele as the Central Bank of Nigeria (CBN) Governor, for a second term. ... Read More

CBN Agrees To Reduce Interest Rate

admin- March 27, 2019

More than two years after pegging the interest rate on lending between Money Deposit Banks at 14%, six of the 11 members of the Monetary ... Read More

CBN okays compensation for 500,000 rice farmers affected by flood

admin- January 15, 2019

The Rice Farmers Association of Nigeria (RIFAN) said the Central Bank of Nigeria (CBN) has approved compensation for over 550,000, rice farmers affected by the ... Read More

EFCC moves for interim forfeiture of Bankers Warehouse’s $2.8m

admin- December 24, 2018

The Economic and Financial Crimes Commission, EFCC, Enugu Zonal Office, has filed a motion at a Federal High Court, Enugu, seeking an order for the ... Read More

Polaris Bank: Customers advise management on improved service delivery

Arowobusoye Samuel- September 24, 2018

Some customers of Polaris Bank, formerly Skye Bank, in Sango-Ota, Ogun, have advised the management of the bank to improve on its service delivery to ... Read More

CBN Revokes Skye Bank’s Licence, Unveils Polaris Bank

Abdul Jimoh- September 22, 2018

The Central Bank of Nigeria (CBN), on Friday, revoked the operating license of Skye Bank Plc with immediate effect. The CBN Governor, Mr Godwin Emefiele, ... Read More

MTN Nigeria replies CBN on illegal repatriation of $8.1 billion

admin- August 30, 2018

MTN Nigeria on Thursday refuted the claims by the Central Bank of Nigeria that it illegally, in collusion with four Nigerian banks repatriated $8.1billion from ... Read More

CBN Fines 4 Banks Over Foreign Exchange illegality

Henry Solomon- August 30, 2018

The Central Bank of Nigeria (CBN) on Wednesday imposed an N5.87 billion fine on Standard Chartered Bank, Stanbic-IBTC, Citibank, and Diamond Bank over alleged irregularities ... Read More

CBN unveils new guidelines for credit to agric, manufacturing

inno.korie- August 23, 2018

The Central Bank of Nigeria (CBN) plans to increase the flow of credit to the real sector of the economy to consolidate and sustain the ... Read More

Currency swap: Orji Kalu urges industrialists to cash in

admin- May 22, 2018

Former governor of Abia, Dr Orji Kalu, has urged industrialists to take advantage of the Nigeria-China currency swap deal to commence intensive production and processing ... Read More

Will Currency Swap deal stifle Nigerian economy?

admin- May 9, 2018

CBN governor Godwin Emefiele and Dr. Yi Gang of Peoples Bank of China: sign currency swap deal By Simon Akoje Financial analysts have expressed concern ... Read More

Rice Farmers Want Effective Policy Banning Rice Importation

Abdul Jimoh- March 28, 2018

The Rice Farmers Association of Nigeria, Oyo state chapter, has stressed the need for the Federal Government to sustain and make effective, policy banning importation ... Read More