CBN Archives — Page 12 of 19 — City Business News

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 stated...

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...

August 28, 2020 No Responses

CBN Resumes Sales Of Foreign Exchange To BDC Operators

The Central Bank of Nigeria (CBN) has commenced the sales of foreign exchange to the Bureau De Change (BDC) operators in the country. In a circular signed by Dr Ozoemena Nnaji, Director Trade and Exchange Department, and addressed to authorised...

August 26, 2020 No Responses

Heritage Bank’s Academy, CBN, 25 Others Receive CIBN’s Certificates of Accreditation

The Chartered Institute of Bankers of Nigeria (CIBN) has official presented Certificates of Accreditation to Heritage Bank Plc Academy known as “The Refinery” and the Central Bank of Nigeria (CBN) Learning Centre. The Institute via a Zoom virtual platf...

July 21, 2020 No Responses

Farmers Laud CBN’s Ban On Maize Importation

Farmers under the aegis of Maize Growers Processors and Marketers Association of Nigeria (MAGPAMAN) on Sunday applauded the Central Bank of Nigeria (CBN) for stopping maize importation to boost local production. Some of the farmers, who spoke with the News...

July 17, 2020 No Responses

CBN Targets 12.5m Metric Tons Of Maize In 18 Months

The Central Bank of Nigeria (CBN) on Friday in Abuja said that it would intensify its support to farmers to meet the production of 12.5 million metric tons of maize in the country in the next 18 months. Mr Yusuf...

July 15, 2020 No Responses

CBN Unveils Non-Interest Guidelines For AGSMEIS, MSMEDF, Others

The Central Bank of Nigeria (CBN) has unveiled guidelines for Non-Interest Financial Institutions under its Agri-Business, Small and Medium Enterprise Investment Scheme (AGSMEIS) and Micro, Small and Medium Enterprises Development Fund (MSMEDF). In ...

July 14, 2020 No Responses

CBN Suspends Importation Of Maize

The Central Bank of Nigeria (CBN) has stopped the issuance of forex for the importation of maize into the country. A circular signed by CBN Director of Trade and Exchange Department, O.S. Nnaji, explained on Monday that the dec...