CBN Archives — Page 10 of 17 — City Business News

January 27, 2021 No Responses

CBN Appoints Pre-Shipment Agents For Non-Oil Exports

The Central Bank of Nigeria (CBN) has appointed three Pre-shipment Inspection Agents (PIAs) and two Monitoring and Evaluation Agents (MEAs) for the Nigerian non-oil sector. A statement issued by Director, Trade and Exchange Department of CBN, Dr Ozomena Nnajiindicated that each of the appointed agents w...

January 27, 2021 No Responses

MPC: Experts Laud CBN’s Rates Retention

The Association of Capital Market Academics of Nigeria (ACMAN), on Tuesday said that rates retention by the Monetary Policy Committee (MPC) was in line with market expectations. ACMAN President, Prof. Uche Uwaleke, disclosed this in an interview with the News....

January 23, 2021 No Responses

CBN Flays Continued Remittances In Naira

The CBN has expressed displeasure over continued diaspora remittances into the country in Naira, instead of dollars, by International Money Transfer Operators (IMTOs) and unlicensed companies, contrary to its directives. Dr O.S. Nnaji, Director Trade and Excha...

January 19, 2021 No Responses

CBN Boosts Manufacturing In Kano With N10b

Kano Investment and Diaspora, in partnership with the Foreign Commonwealth Development ((LINKS) and Manufacturers Association of Nigeria (MAN) have secured a N10 billion intervention fund from the Central Bank of Nigeria (CBN) to revive companies impacted by t...

January 7, 2021 No Responses

CBN Supports Customs With Four New Scanners

The Central Bank of Nigeria (CBN) has made commitment to support Nigeria Customs Service (NCS) as part of measures to promote technology driven service and boost the nation’s economy. Public Relations Officer of NCS, Joseph Attah, explained in a ...

January 1, 2021 No Responses

CBN Pledges Increased Access To Credit In 2021

Nigerian households will most likely have improved access to credit beginning from the first quarter of 2021, the Central Bank of Nigeria (CBN) has said The Credit Condition Survey Report released by the Statistics Department of the apex bank has...

December 26, 2020 No Responses

CBN Revokes Licenses Of Seven Payment Service Providers

The Central Bank of Nigeria (CBN) has revoked the licenses of seven Payment Service Providers (PSPs) and one switch service provider, who were unable to meet up with their statutory obligations. An official Gazette, obtained from CBN’s official website...

December 25, 2020 No Responses

Group Implores CBN On Easy Forex Access For SMEs

The Association of Food and Agro Processors (AFAP) has appealed to Central Bank of Nigeria (CBN) to assist Small and Medium Enterprises (SMEs) to easily access foreign exchange for procurement of machinery. AFAP National President, Duro Kuteyi, made the ...

December 19, 2020 No Responses

May & Baker Accesses N2.5b CBN COVID-19 Intervention Fund

May & Baker Nigeria Plc has accessed N2.5 billion from the Central Bank of Nigeria (CBN) N100 billion intervention fund for the healthcare sector to cushion the COVID-19 impact. The Managing Director, May & Baker Nigeria Plc, Mr Nnamdi Okafor,...

November 25, 2020 No Responses

CBN Retains MPR At 11.5 %

The Central Bank of Nigeria (CBN) on Tuesday announced retention of the country’s Monetary Policy Committee Ratio (MPR) at 11.5 per cent. Mr Godwin Emefiele, the CBN governor made this known, while presenting a communique of the banks 133rd Monetary...

October 30, 2020 No Responses

CBN Explains Framework For N75b Youth Investment Fund

The Central Bank of Nigeria (CBN) has released guidelines for implementation of the proposed N75 billion Nigeria Youth Investment Fund (NYIF). CBN, in a statement by its Development Finance Department, stated that the fund was a built-in strategy to effectivel...

October 14, 2020 No Responses

CBN Warns Shipping Lines, Shippers On Export Proceeds Numbers

Non-compliance by shipping lines to the directive by the Federal Government that all export goods leaving the country should carry Nigerian Export Proceeds (NXP) numbers was the focus of discussions during a meeting recently convened by the Central Bank of...

October 7, 2020 No Responses

CBN, Zamfara Seal N5b Gold Deal

The Zamfara State Government has sealed N5billion gold supply deal with the Central Bank of Nigeria (CBN). Briefing Journalists on Tuesday in Gusau, the Zamfara State Capital, the Governor, Bello Matawalle explained that the State Government is det...

September 29, 2020 No Responses

Oil Palm Growers Seek Support For NIFOR

The Oil Palm Growers Association of Nigeria (OPGAN) has called on the Federal Government to provide adequate funding for the Nigerian Institute for Oil Palm Research (NIFOR). According to the group, NIFOR is the bedrock for repositioning the sector...