CBN Archives — Page 14 of 20 — City Business News

May 11, 2020 No Responses

Emefiele Assures Investors On Forex Repatriation

Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, has assured investors of the security of their investments in the country in spite dwindling revenue from the sale of crude oil globally. The CBN’s Director, Corporate Communications Department, Mr Isaac...

May 8, 2020 No Responses

CBN Disburses Loan To Maize Farmers

The Central Bank of Nigeria (CBN) has commenced the disbursement of loans to maize farmers in Anambra under its Anchor Borrower Programme meant for the 2019 farming season. Speaking at the event on Thursday, Mrs Bridget Okpalaeke, the Development Finance...

May 4, 2020 No Responses

CBN, Bankers’ Committee Halt Sack Of Banks’ Staff

The Central Bank of Nigeria (CBN) and Bankers’ Committee on Sunday suspended retrenchment or laying-off of any staff of banks, whether full or part time. The CBN Director, Corporate Communications Department, Mr Isaac Okorafor made this known in a statement....

March 26, 2020 No Responses

Healthcare: CBN Explains N100b Credit Support Guidelines

The Central Bank of Nigeria (CBN) has released guidelines for operations of N100 billion credit support for the healthcare sector following the outbreak of COVID-19 in the country. In a circular signed by Mr Kevin Amugo, Director Financial Policy Regulation...

March 22, 2020 No Responses

Bankers’ Committee Back CBN’s N3.5 trillion Stimulus Package

As the country continues to record new cases of corona virus, the Central Bank of Nigeria (CBN) and the Bankers’ Committee rose from an extra-ordinary meeting held in Lagos on Saturday, March 21, 2020, with the pledge to grant funding...

March 17, 2020 No Responses

CBN Creates N50bn Fund, Cuts Rates On Loans

The Central Bank of Nigeria (CBN) Monday cut interest rates on all applicable CBN intervention facilities from 9 to 5 percent per annum for one year effective March 1, 2020. The apex Bank also granted a further moratorium of one...

February 22, 2020 No Responses

CBN Lifts Retail Secondary Market With $292.34m

The Central Bank of Nigeria (CBN) has injected the sum of $292.34m dollars into the retail Secondary Market Intervention Sales (SMIS). CBN Director, Corporate Communications, Mr Isaac Okorafor made this known in a statement in Abuja on Friday. Okorafor explain...

February 12, 2020 No Responses

CBN Boosts Forex Market With $210m

The Central Bank of Nigeria (CBN) has injected the sum of 210 million dollars into the inter-bank Foreign Exchange Market to boost liquidity in the sector. The bank’s Director, Corporate Communications Department, Mr. Isaac Okorafor made this known in a...

January 24, 2020 No Responses

ABCON To CBN: Sustain Robust FX Policy In 2020

The President, Association of Bureau De Change Operators of Nigeria (ABCON), Alhaji Aminu Gwadabe, on Thursday urged the Central Bank of Nigeria (CBN) to sustain its robust foreign exchange policy in 2020. According to Gwadabe, the stability of the naira...

January 18, 2020 No Responses

CBN Pledges Support For Cotton Farmers

The Central Bank of Nigeria, (CBN) has assured members of National Cotton Association of Nigeria (NACOTAN) Ekiti chapter of its financial assistance to enable them embark on massive production of cotton in the state. A Representative of CBN, Mr Olutayo...

December 18, 2019 No Responses

CBN To Sanction Oil Palm Investment Saboteurs

The Central Bank of Nigeria (CBN) on Tuesday threatened to suspend the account of any person hiding under the ECOWAS Trade Liberalisation Scheme to sabotage the federal government’s investment in reviving the palm oil sector. The Governor of the Bank,....

December 13, 2019 No Responses

CBN: Refund To Bank Customers Stand At N76.7b,$20.9m

The Central Bank of Nigeria (CBN) says the worth of money refund to bank customers as at Nov. 30 stood at N76.75 billion and 20.90 million dollars. Mr Kofo-Abdulsalam Alada, the Director, Consumer Protection Department (CPD) of CBN, said this...

November 30, 2019 No Responses

CBN Injects $323.5m, CNY 17.9m Into Retail SMIS

In its last intervention for the month of November, the Central Bank of Nigeria (CBN) on Friday, November 29, 2019, made an intervention of $323.5million in the retail Secondary Market Intervention Sales (SMIS) and CNY 17.9million in the spot and...

November 22, 2019 No Responses

CBN: Nigeria Imports $600m Cassava Derivatives Annually

Nigeria imports cassava derivatives valued at about 600million dollars annually, Mr Godwin Emefiele, the Governor of Central Bank of Nigeria (CBN) has said Emefiele disclosed this at a meeting With State Governors of Cassava Producing States in Abuja on Thursd...