CBN Archives — Page 10 of 19 — City Business News

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 Department, gave...

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...

July 27, 2021 No Responses

CBN Stops Sale Of FOREX To BDCs

The Central Bank of Nigeria (CBN) on Monday announced immediate discontinuation of the sale of Foreign Exchange (forex) to Bureau de Change (BDC) operators in the country. Mr. Godwin Emefiele, the CBN Governor, made this announcement on Tuesday while present...

June 29, 2021 No Responses

CBN Facilitates 50,000mt Of Maize To Obasanjo Farms, Zartech, Others

The Central Bank of Nigeria (CBN), under the Anchor Borrowers’ Programme (ABP), has approved the release of 50,000 metric tonnes of maize to twelve major producers, from the strategic maize reserve (SMR). According to CBN, the release was to enable...

June 7, 2021 No Responses

CBN Increases Forex Allocation To Banks

The Central Bank of Nigeria (CBN) has concluded plans to increase the amount of foreign exchange allocated to banks to meet the requests of customers. This particularly relates to requests of travelers seeking foreign exchange for travel allowances, payment of...

May 19, 2021 No Responses

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...

May 7, 2021 No Responses

CBN Extends Naira For Dollar Incentive For Diaspora Remittances

The Central Bank of Nigeria (CBN) has announced an extension to its Naira 4 dollar incentive to encourage diaspora remittances till further notice. The apex bank announced the extension on Wednesday through a memo by Saleh Jibrin, Director of Trade...

May 5, 2021 No Responses

CBN Decries Low Participation Of South-East In Economic Programmes

The Central Bank of Nigeria (CBN) has decried the low participation of the South-East in its economic intervention policies and programmes. The acting Director, Corporate Communications Department of the bank, Mr Osita Nwanisobi, explained on Tuesday during CB...

April 30, 2021 No Responses

Shake Up In First Bank As CBN Names New Directors

The Central Bank of Nigeria (CBN) on Thursday announced the immediate removal of all directors of First Bank of Nigeria Ltd. and FBN Holdings Plc over purported management changes at the bank. The CBN Governor, Mr Godwin Emeifele said th...

April 21, 2021 No Responses

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...