CBN Archives — Page 11 of 20 — City Business News

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 presenting...

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...

April 16, 2021 No Responses

Yuguda: SEC, CBN Working On Cryptocurrencies Trading Regulation

The Securities and Exchange Commission (SEC) is working with the Central Bank of Nigeria (CBN) for better understanding and regulation of cryptocurencies in the country. The Director-General, SEC, Lamido Yuguda, said this at the 2021 first post-Capital Market ...

April 14, 2021 No Responses

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...

March 11, 2021 No Responses

CBN Disburses N85b To 80 Health Projects

The Central Bank of Nigeria (CBN) has disbursed over N85 billion to no fewer than 80 projects, under its Healthcare Credit Support scheme. The bank’s Director of Development Finance, Mr Yila Yusuf, explained in an interview with the News Agency.....

March 7, 2021 No Responses

CBN Introduces N5 Per Dollar Reward For Diaspora Remittances

The Central Bank of Nigeria (CBN) on Saturday introduced a new incentive to encourage inflow of diaspora remittances. The incentive, tagged “Naira 4 Dollar Scheme”, was announced in a circular signed by Saleh Jibrin, CBN ‘s Director, Trade and Exch...

February 27, 2021 No Responses

CBN Tasks Bank CEOs, Others To Reset Economy

The Governor of the Central Bank of Nigeria (CBN) Mr Godwin Emefiele, has urged Bank Chief Executive Officers and other stakeholders to work together to reset the Nigerian economy to achieve massive growth. Emefiele gave the advice at a one-day...

February 25, 2021 No Responses

Group Urges CBN To Remove Stockfish From Forex Ban List

The Norwegian Seafood Council has appealed to the Central Bank Of Nigeria (CBN) to remove stockfish from the list of items not eligible for foreign exchange. According to Odd-Emil Ingebrigtsen, the Norwegian minister of fisheries, there is a need to make....