Emefiele Tasks Rice Millers On FOREX, Employment

Emefiele Tasks Rice Millers On FOREX, Employment

Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has urged rice mills in the country to embrace CBN’s backward integration initiatives aimed at conserving foreign exchange reserves.  Information obtained from CBN’s website indicates that Emefiele made the call...
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CBN Reduces Charges On Electronic Transactions

CBN Reduces Charges On Electronic Transactions

The Central Bank of Nigeria (CBN) has announced a downward review of charges for electronic banking transactions in its revised guidelines to charges by Banks, Other Financial Institutions (OFIs) and Non-Bank Financial Institutions. A circular by Chibuzor...
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CBN Retains MPR At 11.5%, Other Parameters Remain Constant

CBN Retains MPR At 11.5%, Other Parameters Remain Constant

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday voted to hold the Monetary Policy Rate (MPR) at 11.5 percent for the umpteenth time.  Reading a communiqué after the committee’s 282nd meeting on Tuesday, Mr...
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At FICAN Conference, Emefiele Harps On Infrastructure Development

At FICAN Conference, Emefiele Harps On Infrastructure Development

The Federal Government needs about S$100 billion annually to address the nation’s infrastructure deficit, Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, reiterated on Saturday in Lagos.   Speaking at the 30th Anniversary Confere...
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Buhari Congratulates Emefiele At 60

Buhari Congratulates Emefiele At 60

President Muhammadu Buhari has rejoiced with the Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, as he turns 60 on August 4, 2021..  The President, in a congratulatory letter released by his spokesman, Mr Femi Adesina, on Tuesday in...
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CBN Mulls One Million Hectares Of Rice Cultivation In 2021

CBN Mulls One Million Hectares Of Rice Cultivation In 2021

The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, says the apex bank plans the cultivation of one million hectares of rice in the 2021 farming seasons, to boost food security.  According to information in CBN’s official...
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CBN Urges Banks To Support Businesses Seeking Expansion

CBN Urges Banks To Support Businesses Seeking Expansion

The Central Bank of Nigeria (CBN) has urged commercial banks to leverage their presence in other parts of Africa to support Nigerian businesses seeking to plant their footprints into new markets.  The CBN Governor, Mr Godwin Emefiele, gave the advice...
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CBN Begins Registration Of More Financial Institutions On Credit Management Platform

CBN Begins Registration Of More Financial Institutions On Credit Management Platform

The Central Bank of Nigeria (CBN) has started the registration of “Other Financial Institutions’’ (OFIs) on its Credit Risk Management System (CRIMS) to improve credit risk management.  “Other Financial Institutions’’ are Development Finance I...
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Emefiele Woos Investors, Promises CBN’s Support

Emefiele Woos Investors, Promises CBN’s Support

The Governor of the Central Bank of Nigeria (CBN) Mr Godwin Emefiele, has advised indigenous and multinational firms to consider the opportunities that Nigeria offers and begin to set up their manufacturing lines in Nigeria.  Emefiele gave the advice at.....
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CBN Disburses N554b To Two Million Farmers

CBN Disburses N554b To Two Million Farmers

The Central Bank of Nigeria (CBN) has disbursed N554.61 billion to 2, 849,490 farmers to boost food security under its Anchor Borrowers Programme (ABP) beginning from 2015. In a communique issued in Abuja on Wednesday, Mr Godwin Emefiele, the CBN...
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Emefiele Woos Conglomerates To Help Boost Economy

Emefiele Woos Conglomerates To Help Boost Economy

Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has urged industrial conglomerates operating in the country to support efforts aimed at growing the Nigerian economy. Emefiele gave the advice on Tuesday in a virtual meeting with the...
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Emefiele Assures Investors On Forex Repatriation

Emefiele Assures Investors On Forex Repatriation

Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, has assured investors of the security of their investments in the country in spite dwindling revenue from the sale of crude oil globally. The CBN’s Director, Corporate Communications Department, Mr ...
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Emefiele:N100b Needed To Revive Cotton, Textile, Garment  Sub-sector

Emefiele:N100b Needed To Revive Cotton, Textile, Garment Sub-sector

More than N100 billion is needed to revive Cotton, Textile and Garment (CTG) sub sector,the Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele has said. Speaking  after Memorandum of Understanding (MoU) signing ceremony with some critical s...
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CBN Injects $325.5m Into Retail Market

CBN Injects $325.5m Into Retail Market

The Central Bank of Nigeria (CBN) has injected 325.5million dollars in the retail Secondary Market Intervention Sales (SMIS) and CNY14million in the spot and short tenored forwards segment of the inter-bank foreign market. The bank’s Director, Corporate Comm...
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