CBN Archives — Page 10 of 20 — City Business News

October 26, 2021 No Responses

CBN Explains Guidelines For eNaira

The Central Bank of Nigeria (CBN) has released regulatory guidelines for eNaira launched by President Muhamadu Buhari on Monday, October 25, 2021. The eNaira speedwallet app meant for individuals had, as at 4.pm on Monday seen more than 5000 downloads while the eNaira...

September 27, 2021 No Responses

CBN Pledges More Support For Youth Empowerment

The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has pledged more support for youth empowerment, through sports and its other intervention programmes. Osita Nwanisobi, CBN spokesperson quoted Emefiele as making the pledge at the finals of the...

September 26, 2021 No Responses

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...

September 23, 2021 No Responses

Reps Task NCC, CBN On ATM, Web fraud

The House of Representatives has challenged the Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC) to ensure all monies lost as a result of Card/ ATM and web-based fraud are refunded to the affected victims. The...

September 19, 2021 No Responses

Ariyo Canvasses Support For CBN’s e-Naira Initiative

A Fintech expert in Ibadan, Oyo State, Mr Olukayode Ariyo, has lauded the e-money initiative of the Central Bank of Nigeria, urging entrepreneurs to key into the new technology for profitability. Ariyo, the keynote speaker and Managing Director, Global A...

September 19, 2021 No Responses

CBN, NDIC, UBA, Unity Bank, Heritage Bank, Others Support FICAN At 30

Banking and Finance stakeholders are set to converge at the 2021 Annual Conference and 30th-anniversary celebration of the Finance Correspondents Association of Nigeria (FICAN). The Nigeria Deposit Insurance Corporation (NDIC) Securities and Exchange Commissi...

September 18, 2021 No Responses

CBN Donates Building To NTA

As part of its Corporate Social Responsibility (CSR), the Central Bank of Nigeria (CBN), Abeokuta branch, on Friday handed over a newly constructed guardhouse to the Nigeria Television Authority (NTA) in Abeokuta. Speaking at the handing over ceremony, Abeok...

September 14, 2021 No Responses

Minister Decries CBN Non-Support For Solid Minerals

The Minister of State for Mines and Steel Development, Dr Uche Ogah, has decried the absence of support from the Central Bank of Nigeria (CBN) for the development of mines and the solid mineral sector. The minister made his views...

September 9, 2021 No Responses

CBN Tasks Banks, Others On Bulk Payment

The Central Bank of Nigeria (CBN) has directed commercial banks and Payment Service Providers (PSPs) in the country to improve on all bulk payments and transfers systems to ensure transparency. Mr Jimoh Musa, CBN’s Director, Payment System Management D...

August 31, 2021 No Responses

CBN Partners Bitt Inc On eNaira

The Central Bank of Nigeria (CBN) has announced the formal engagement of the global Fintech Company, Bitt Inc. as the Technical Partner for its digital currency, eNaira. Director, Corporate Communications of the Bank, Mr Osita Nwanisobi ...

August 18, 2021 No Responses

CBN Releases Framework Against Cyber Attack

The Central Bank of Nigeria (CBN) on Tuesday released a framework to protect Other Financial Institutions (OFIs) against cyber-attack. This was contained in a memo issued by Nkiru Asiegbu, CBN’s Director, Other Financial Institutions Supervision D...

August 11, 2021 No Responses

CBN Releases Guidelines For Regulation, Supervision Of CGCs

The Central Bank of Nigeria (CBN) on Tuesday released guidelines for registration and supervision of Credit Guarantee Companies (CGCs) in Nigeria. The guidelines are contained in a circular by Ibrahim Tukur, CBN’s Director, Financial Policy and Re...

August 5, 2021 No Responses

CBN: Banks Refunded N89b To Customers In June

The Governor of the Central Bank of Nigeria (CBN), Dr Godwin Emefiele, on Thursday disclosed that at the end of June 2021, commercial banks in Nigeria refunded N89.2 billion to customers over complaints. Emefiele made the disclosure during a CBN...

July 30, 2021 No Responses

CBN To Refund N35m Capital Deposits To Bureaux de Change Applicants

The Central Bank of Nigeria (CBN) on Thursday says it will start immediate refund of capital deposit to Bureaux de Change (BDC) promoters with pending applications. According to a circular signed by Ibrahim Tukur for the Director, Financial Policy and...