CBN Archives — Page 16 of 17 — City Business News

September 19, 2018 No Responses

CBN Acquires 2.4b FG’s Shares In NSPM

The Central Bank of Nigeria (CBN) and the Bureau of Public Enterprises(BPE) have signed an agreement for the sale of the Federal Government’s 12.4 billion shares in Nigerian Security Printing and Minting company (NSPM) to CBN. The ceremony was chaired...

September 19, 2018 No Responses

Again, CBN Lifts FOREX Market With $210m

The Central Bank of Nigeria (CBN) has again intervened in the inter-bank Foreign Exchange Market to the tune of $210 million. According to the figures obtained from the CBN on Tuesday, September 18, 2018, the Bank offered $100million to authorized...

August 30, 2018 No Responses

Nigeria Sanctions Standard Chartered, Stanbic IBTC, Diamond Bank, Citibank, MTN

The Central Bank of Nigeria (CBN) has imposed sanctions totaling N5.87 billion on four banks under its regulatory purview and asked same to refund the sum of $8,134,312,397.63 for what it described as ‘flagrant violation of extant laws and regulations...

August 27, 2018 No Responses

Farmers Seek Effective Implementation, Monitoring Of CBN’s Credit Policy

Farmers across the country have applauded the nine per cent interest rate credit policy of the Central Bank of Nigeria (CBN) to the agriculture sector, saying it will help boost production if adequately implemented. Some of them who spoke with...

August 24, 2018 No Responses

Nigeria Unveils Agenda For Long-Term Credit To Agriculture, Manufacturing

To consolidate and sustain the nation’s economic recovery, the Central Bank of Nigeria (CBN) is to increase the flow of credit to the real sector of the economy. It will be recalled that the CBN Monetary Policy Committee (MPC), at...

August 15, 2018 No Responses

Nigeria Lifts Forex Market With $210m

The Central Bank of Nigeria (CBN) has sustained its intervention in the inter-bank foreign exchange market by injecting yet another sum of $210,000,000 into various sums of the market on Tuesday, August 14, 2018. At Tuesday’s trading, the Bank offered...

May 24, 2018 No Responses

CBN Uplifts Forex Market With $210 Million

The Central Bank of Nigeria (CBN) has made available the sum of $210million, to meet customers’ requests in various segments of the foreign exchange market. In its quest to meet customers’ needs in the various segments of the market, the...

May 11, 2018 No Responses

CBN: Banks Are Sabotaging Our Efforts On New Notes

The Central Bank of Nigeria (CBN) has blamed commercial banks for sabotaging its efforts in replacing mutilated notes with new ones in the country. Mr Isaac Okorafor, Acting Director, Communications Department of the CBN, made the allegation in Lagos on...

May 9, 2018 No Responses

‘Banks Must Repay Excess Charges With Interest’

The Central Bank of Nigeria (CBN), said any bank that deducts monies illegally from a customer’s account for products and services would be forced to refund the money to the customer with interest. Mr Fada David, Consumer Complaints Management, Consumer...

May 5, 2018 No Responses

CBN Injects $349.34m Into Retail SMIS

As part of its intervention for the week, the Central Bank of Nigeria (CBN), has injected the total sum of $349.34 million in the Retail Secondary Market Intervention Sales (SMIS) segment of the Forex market. Figures obtained from the CBN...

February 2, 2018 No Responses

Buhari nominates Edward Adamu as CBN Deputy Governor

President Muhammadu Buhari has nominated Mr Edward Lametek Adamu to the Senate for confirmation as Deputy Governor of the Central Bank of Nigeria (CBN). Mr Femi Adesina, the Special Adviser to the President on Media and Publicity, made this known...

January 23, 2018 No Responses

CBN boosts foreign exchange market with $210m

The Central Bank of Nigeria (CBN) has boosted the inter-bank foreign exchange market with $210 million to meet customers’ requests in various segments of the market. The Bank’s acting Director, Corporate Communications, Mr Isaac Okorafor, in a statement ...

January 18, 2018 No Responses

CBN unveils agenda to push tomato, cocoa, palm oil production in 2018

The Central Bank of Nigeria (CBN) says it will aggressively push and support farmers to boost the production of tomato, cocoa and palm oil across the country in 2018. The CBN Governor, Mr Godwin Emefiele, disclosed this when he visited...