CBN Archives — Page 5 of 17 — City Business News

July 27, 2022 No Responses

Reps Amend CBN Act To Stop Governor From Partisan Politics

The House of Representatives has passed a bill after the second reading to stop the Governor of the Central Bank of Nigeria (CBN) from participating in future elections in the country. Rep. Sada Soli, the sponsor of the Bill at...

July 26, 2022 No Responses

Buhari Nominates Four Non-Executive Directors Of CBN

President Muhammadu Buhari has nominated four persons for appointment as Non-Executive Directors of the Board of the Central Bank of Nigeria (CBN).This is contained in a letter dated July 21 and read at Tuesday’s plenary by Senate President, Ahmad Lawan.Buha...

July 22, 2022 No Responses

CBN Partners UNILORIN On N600m Commercial Poultry Farm

The University of Ilorin (UNILORIN) in partnership with the Central Bank of Nigeria (CBN) has inaugurated an integrated commercial poultry farm with a N600 million loan. Prof. Sulyman Abdulkareem, the Vice Chancellor of the university, who spoke at the o...

July 20, 2022 No Responses

CBN Increases Benchmark Interest Rate To 14%

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday increased the Monetary Policy Rate (MPR) to 14 per cent from its initial 13 per cent. Reading a communiqué after the committee’s meeting in Lagos, Mr...

June 22, 2022 No Responses

CBN Rewards Lagos Farmers With Cash Gifts

Three farmers in Lagos State have won the “Best Farmer of the Year 2021” award organised by the Development Finance Department of the Central Bank of Nigeria (CBN). The News Agency of Nigeria (NAN) reports that the farmers were given...

June 18, 2022 No Responses

Opinion: Inflation Timebomb Threatens Nigeria’s Outlook

By Lukman Otunuga, Senior Research Analyst at FXTM — There was a period when Nigeria displayed resilience against the inflation menace. As other countries across the globe waged war on rising prices, Africa’s largest economy experienced periods of cool...

June 15, 2022 No Responses

CBN, Bankers’ Committee To Unveil Non-Oil Export Optimisation Framework

The Central Bank of Nigeria (CBN) has developed a comprehensive non-oil export optimisation framework, which would be launched at its maiden summit on non-oil exports on June 16. The Director, Corporate Communications Department, CBN, Mr Osita Nwanisobi,...

May 27, 2022 No Responses

Sack Emefiele Now, Falana Tells Buhari

Senior Advocate of Nigeria (SAN) and rights activist, Mr Femi Falana, has advised President Muhammadu Buhari to sack the Central Bank of Nigeria (CBN) Governor, Dr Godwin Emefiele. Addressing the Southwest youths and women conference at Ado-Ekiti on Thur...

May 25, 2022 No Responses

CBN Disburses N1tri To Farmers

The Central Bank of Nigeria (CBN) has increased its funding and interventions in various sectors to boost economic growth. Governor of the CBN, Mr Godwin Emefiele, said this on Tuesday in Abuja while presenting a communique issued at the end of...

May 21, 2022 No Responses

Fidelity Bank Partners Edo, GIZ To Host CBN RT200 FX Exports Roundtable

Fidelity Bank Plc has announced plans to host an exports roundtable and policy sensitisation workshop for businesses in Benin-City, Edo State capital in partnership with the Edo State Investment Promotion Office (ESIPO) and GIZ on Tuesday, 24 May 2022. &n...

May 20, 2022 No Responses

NADDC Begins Automotive Financing Talks With CBN

The National Automotive Design and Development Council (NADDC)has commenced discussions with the Central Bank of Nigeria (CBN) to design workable solutions for automotive financing to make auto purchase affordable for Nigerians, Jelani Aliyu, the Director-Gene...

May 19, 2022 No Responses

ABP Loan: CBN To Clampdown On Defaulting Farmers

The Central Bank of Nigeria (CBN) has appealed to farmers who defaulted in paying back the loans obtained under the Anchor Borrowers’ Programme (ABP) to pay back. Mr Sadeeq Ajayi, in CBN Development Finance Office, made the appeal on Wednesday...

May 8, 2022 No Responses

Tambuwal Calls For Emefiele’s Resignation

Sokoto State Governor, Aminu Tambuwal has called on the Federal Government to effect the resignation of the CBN Governor, Godwin Emefiele. Tambuwal, a Presidential aspirant on the platform of the Peoples Democratic Party (PDP) made the call on Saturda...