CBN Archives — Page 15 of 20 — City Business News

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 Thursday....

November 5, 2019 No Responses

CBN Implores African Countries On Human Capital Development

As part of measures to compete globally, the Central Bank of Nigeria (CBN) on Monday urged African countries to invest in human capital development. The CBN Governor, Mr Godwin Emefiele, gave the advice at the ongoing African Economic Congress (AEC)...

October 19, 2019 No Responses

CBN Injects $325.5m Into Retail Market

The Central Bank of Nigeria (CBN) has injected 325.5million dollars in the retail Secondary Market Intervention Sales (SMIS) and CNY14million in the spot and short tenored forwards segment of the inter-bank foreign market. The bank’s Director, Corporate Comm...

October 15, 2019 No Responses

Firm Tackles CBN Over $285m Supreme Court Judgment

A communications firm, Interstella Communications Limited has urged the Central Bank of Nigeria (CBN) to obey a Supreme Court order by paying them $285 million judgment sum for alleged breach of contract. The News Agency of Nigeria (NAN) reports that...

September 19, 2019 No Responses

CBN Approves Three New Payment Service Banks

The Central Bank of Nigeria on Wednesday granted approvals-in-principle (AIP) to three new Payment Service Banks (PSBs) in the country. The CBN spokesperson, Isaac Okorafor, said the new institutions, issued approvals in principle to operate as Payment Service...

September 11, 2019 No Responses

CBN Boosts Forex Market With $210M

The e interbank segment of the Foreign Exchange Market has received another boost of $210 million from the Central Bank of Nigeria (CBN) following sales concluded on Tuesday, September 10, 2019. Figures obtained from the CBN indicated that authorized dealers.....

September 7, 2019 No Responses

CBN Injects $321.11m, CNY 33.3m Into Retail SMIS

The Central Bank of Nigeria (CBN) has made another intervention in the Retail Secondary Market Intervention Sales (SMIS) to the tune of $321, 112,537.31. Figures obtained from the CBN on Friday,September 6, 2019, indicated that the sum of CNY33, 304,365.10...

September 4, 2019 No Responses

EFCC Seeks CBN’s Support In Fight Against Corruption

The Acting Chairman of the Economic and Financial Crimes Commission, EFCC, Ibrahim Magu, has solicited the support of the Central Bank of Nigeria (CBN) in the fight against corruption, noting that the apex bank’s strategic position in the financial sec...

August 27, 2019 No Responses

CBN To Nigerians: Beware Of Fraudulent Loan Offers

The Central Bank of Nigeria (CBN) has warned Nigerians to beware of Fraudulent loans being offered to the unsuspecting public by fraudsters on social media. In a statement, on Monday, the apex bank said such loans are fake and not...

August 14, 2019 No Responses

Buhari To CBN: Stop Forex For Food Import

President Muhammadu Buhari has directed the Central Bank of Nigeria (CBN) to stop release of Foreign Exchange (FOREX) for food import, saying Nigeria has achieved food security. Speaking on Tuesday, Buhari said: “We have achieved food security, and for physi...

August 10, 2019 No Responses

CBN Injects $280.04m, CNY 28.3m Into Retail SMIS

The Retail Secondary Market Intervention Sales (SMIS) has received a boost of $280.04 million from the Central Bank of Nigeria (CBN), which also injected the sum of CNY 28.3 million in the spot and short tenored forwards segment of the...

July 31, 2019 No Responses

CBN Boosts Wholesale Segment, Others With $210m

In its last intervention for the month of July, the Central Bank of Nigeria (CBN) has injected the sum of $210 million into the inter-bank Foreign Exchange Market. Figures obtained from the CBN on Tuesday, July 30, 2019, indicated that...

July 29, 2019 No Responses

Milk Importation: Experts Lauds CBN’s Policy On Forex Restriction

Economic experts have lauded the Central Bank of Nigeria (CBN) on its plan to put forex restriction on imported dairy products to the country. Some economic experts who spoke with the News Agency of Nigeria (NAN) in Abuja on Sunday...

July 27, 2019 No Responses

CBN Injects $284.2m, CNY36m

The Central Bank of Nigeria (CBN), in the latest round of mediation in the inter-bank foreign exchange market, has injected the sum of $284.2million in the retail Secondary Market Intervention Sales (SMIS). This is in addition to CNY36.0million in the...