CBN Archives — Page 19 of 19 — City Business News

May 31, 2017 No Responses

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...

May 18, 2017 No Responses

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...

May 10, 2017 No Responses

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...

May 9, 2017 No Responses

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...

May 3, 2017 No Responses

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...

January 23, 2017 No Responses

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...

November 16, 2016 No Responses

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...

October 13, 2016 No Responses

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...