CBN Archives — Page 13 of 20 — City Business News

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 for...

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...

July 13, 2020 No Responses

CBN, Bankers Committee To Revamp National Theatre

The Minister for Culture and Information, Alhaji Lai Mohammed, on Sunday in Lagos handed over the National Theatre to the Central Bank of Nigeria (CBN) and the Bankers committee for restoration and upgrade. Speaking at the event, Mohammed explained that t...

July 9, 2020 No Responses

Ogun Partners CBN On Oil Palm Production

The Ogun Government is collaborating with the Central Bank of Nigeria (CBN) to boost oil palm production in the state. The State Commissioner for Agriculture, Dr Adeola Odedina, made this known during an inspection tour of Apoje Farm Settlement, where...

July 8, 2020 No Responses

Ecobank Nigeria Extends Agric Loan To 70,000 Farmers

Ecobank Nigeria has restated its commitment to the Agricultural sector and is supporting over 70,000 farmers with special loans to increase their capacity and yields during this planting season. This is one of the bank’s initiatives to ...

June 23, 2020 No Responses

CBN, Maize Farmers Inaugurate 2020 Inputs Distribution In Anambra

The Maize Growers, Processors and Marketers’ Association of Nigeria (MAGPAMAN), Anambra chapter, has commenced distribution of inputs for the 2020 wet season framing. The farm inputs distribution was launched under the Central Bank of Nigeria (CBN) Anchor Bo...

June 18, 2020 No Responses

Wet Season: CBN To Empower 1.1m Farmers With N432b Loans

The Central Bank of Nigeria (CBN) has concluded plan to fund the value chains of nine commodities to the tune of N432 billion in the 2020 wet season. Mr Yila Yusuf, the Director, Development Finance Department of the CBN, disclosed...

June 1, 2020 No Responses

CBN Adjusts Timelines For Reversals Of Complaints On Electronic Channels

The Central Bank of Nigeria (CBN) has adjusted timelines for reversals or resolution of refund complaints on electronic channels with effect from June 8. The CBN Director, Corporate Communications, Mr Isaac Okorafor, made this known in a statement in Abuja...

May 20, 2020 No Responses

Emefiele Woos Conglomerates To Help Boost Economy

Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has urged industrial conglomerates operating in the country to support efforts aimed at growing the Nigerian economy. Emefiele gave the advice on Tuesday in a virtual meeting with the...