CBN Archives — Page 11 of 19 — City Business News

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 this in...

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....

February 17, 2021 No Responses

Inflation: Expert Tasks CBN On Agric Interventions

The Association of Capital Market Academics of Nigeria (ACMAN) has urged the Central Bank of Nigeria (CBN) to scale up interventions in agricilture sector to stem the rising inflation figure. ACMAN President, Prof. Uche Uwaleke, said this in an interview...

January 29, 2021 No Responses

CBN Commits N50b To Reposition Nigeria’s Commodity Exchange

The Central Bank of Nigeria (CBN) is committing N50 billion to reposition the Nigeria Commodity Exchange (NCX), CBN Governor, Mr Godwin Emefiele, has said. Emefiele, who disclosed this, on Thursday, at an inaugural meeting of the Steering Committee ...

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 ...

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...