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Director General of Bureau of Public Enterprises (BPE) , Mr. Alex A. Okoh (left) during a courtesy visit to the Governor of Central Bank of Nigeria, Mr. Godwin Emefiele, on Tuesday.
Tag: CBN
CBN enhances Naira with $482.6m
As part of ongoing efforts, the Central Bank of Nigeria (CBN) on Tuesday intervened in the inter-bank market to the tune of $482.6 million. A statement issued by its Acting Director, Corporate Communications, Isaac Okorafor, in Abuja explained that...
Forex: CBN releases list of 36 items
The Central Bank of Nigeria (CBN) on Thursday released list of 36 items valid for access to foreign exchange in the foreign exchange market. In a circular to all banks and the general public, CBN explained that the list of...
Heritage Bank, Triton Aqua targets 15,000 tonnes capacity with N2b facility
The N2billion long-term facility Heritage Bank Plc and Central Bank of Nigeria gave to Triton Aqua Africa Limited (TAAL), under the Commercial Agriculture Credit Scheme (CACS), has continued to boost job creation. The Managing Director of Heritage Bank Plc...
CBN injects $81.2m for BTA, SMEs, others
As a follow up to last Friday’s injection of $389 million into the retail segment of the Foreign Exchange Market (FOREX), the Central Bank of Nigeria (CBN) on Monday, intervened with the sum of $81.2 million in the invisibles and...
CBN sanctions First Bank, GTB, others over alleged forex infractions
The Central Bank of Nigeria (CBN) on Tuesday barred 15 commercial banks from dealing in foreign exchange through the recently created Small and Medium Enterprises (SMEs) wholesale forex window. According to the CBN, the decision which is with immediate effec...
Exchange rate tops agenda as MPC holds first meeting in 2017
Foreign exchange crisis will top the agenda Monday and and Tuesday as the Central Bank of Nigeria’s Monetary Policy Committee (MPC) holds its first meeting in 2017. Members of the committee are also expected to come up with more measures...
Heritage Bank not in distress, says CBN
Heritage Bank is not in distress, the Central Bnak of Nigeria (CBN) Acting Director, Corporate Communications, Isaac Okorafor, declared on Tuesday. An online publication had alleged that Heritage Bank Limited is unable to meet its customers’ immediate wit...
CBN faults report on Banks, caution against exceeding $50,000 annual limit on overseas withdrawal
No Nigerian Bank is in crisis, the Bankers Committee said on Wednesday after its 329thmeeting in Lagos. Briefing Journalists after the meeting, the Director, Banking Supervision of CBN, Tokunbo Martins described negative reports on the state of Nigerian Ba...