CBN Archives — Page 5 of 20 — City Business News

June 10, 2023 No Responses

Profile Of Acting CBN Governor, Adebisi Shonubi

Following the suspension of Godwin Emefiele as Central Bank of Nigeria (CBN) Governor, President Bola Tinubu has appointed Mr. Folashodun Adebisi Shonubi as acting CBN Governor. Already, office of the Secretary to the Government of the Federation (SGF) asked the suspended...

May 24, 2023 No Responses

CBN Revokes licences Of 132 Microfinance Banks

The Central Bank of Nigeria (CBN), on Tuesday, revoked the operating licenses of 132 microfinance banks and those of four primary mortgage banks and three finance companies. This was disclosed in the official gazette of the Federal Government, which was....

May 10, 2023 No Responses

NPA, CBN Boost e-Call Up Scheme With NXP Requirements

By Moses Ebosele. ebosele@hotmail.com — As part of measures to enhance Electronic Call Up system, the Nigerian Ports Authority (NPA) in collaboration with the Central Bank of Nigeria (CBN) is at the conclusive stage to integrate the CBN NXP requirements...

March 22, 2023 No Responses

CBN Disburses N12.65b Agric Intervention Fund

The Central Bank of Nigeria (CBN) has disbursed N12.65 billion to the Anchor Borrowers Programme (ABP), its flagship agriculture intervention scheme from January till date. The CBN Governor, Mr Godwin Emefiele said this on Tuesday in Abuja, when he read t...

March 14, 2023 No Responses

Naira Loses Further To Dollar

Naira lost further to the dollar on Monday as it exchanged at N461.67 at the Investors’ and Exporters’ window. The rate represented a decrease of 0.04 per cent, compared to the N461.50 for which it exchanged to the dollar at...

March 13, 2023 No Responses

CBN To Banks: Comply With Supreme Court’s Judgement On Naira Notes

The Central Bank of Nigeria (CBN) says the old N200, N500 and N1000 notes remain legal tender until December 31, 2023. Isa Abdulmumin, CBN spokesperson in a statement said, “In compliance with the established tradition of obedience to court orders...

February 16, 2023 No Responses

Buhari’s Speech on Currency Swap

My Dear Compatriots, I have found it necessary to address you today, on the state of the nation and to render account on the efforts of our administration to sustain and strengthen our economy, enhance the fight against corruption...

February 10, 2023 No Responses

CBN Attributes Scarcity Of New Naira Notes To Hoarding

Hoarding of the new Naira notes is responsible for its scarcity, the Central Bank of Nigeria (CBN) has said. The CBN Director, Consumer Protection, Mrs Rashidat Mongunu, said this on Thursday while monitoring microfinance banks in Offa, Offa L...

February 8, 2023 No Responses

Naira Re-design Won’t Affect 2023 General Election, Says CBN

The Central Bank of Nigeria (CBN) says naira re-design won’t affect the 2023 general election, as it will provide required cash and other support needed for smooth conduct of the poll. Godwin Emefiele, the CBN Governor, said this when he...

February 4, 2023 No Responses

Group Urges CBN Governor To Resign

A group of Concern Citizens of Sokoto State (CCSS) has urged Mr Godwin Emefiele, the Governor of Central Bank of Nigeria (CBN), to resign within 72 hours or face legal action. The group made the call in a letter dated...

February 3, 2023 No Responses

Group Tasks CBN On PWDs Access To New Naira Notes

Heal Disability Initiative, a non-governmental organisation, has urged the Central Bank of Nigeria (CBN) to ensure that People with Disabilities (PWDs) have easy access to the redesigned Naira notes. The organisation also called for inclusion of persons...

January 30, 2023 No Responses

Reps Minority Caucus Lauds CBN For Extending Deadline On Old Notes

The House of Representatives Minority Caucus has commended the Central Bank of Nigeria (CBN) for extending the deadline for swapping of the old naira notes.A statement issued by Rep. Ndudi Elumelu (PDP-Delta), the House Minority Leader on Sunday described the....

January 27, 2023 No Responses

CBN Unveils Africa-Led Domestic Card Scheme

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele on Thursday, unveiled an African Central Bank led National Domestic Card Scheme (AfriGO) to address local peculiarities. At the event, which was monitored virtually, Emefiele said the new...

January 24, 2023 No Responses

CBN Raises Interest Rate To 17.5%

Against projections by some experts, the Monetary Policy Committee (MPC) of Central Bank of Nigeria (CBN) has increased the monetary policy rate by 100 basis points to 17.5 per cent. This is contained in a communiqué issued at the end...