CBN Archives — Page 6 of 19 — City Business News

October 28, 2022 No Responses

Emefiele To Risks Managers: Remain Vigilant, Deal With Complex Risks

Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has urged risks managers to be vigilant in order to deal with the complex risks the country is currently facing. Emefiele gave the advice at the 2nd National Risk Management Conference,...

October 27, 2022 No Responses

EFCC Hails CBN’s Move To Clampdown On Currency Hoarders

The Economic and Financial Crimes Commission (EFCC) has applauded the move by the Central Bank of Nigeria (CBN) to redesign and reissue higher denominations of the Nigerian currency, the Naira. The CBN Governor, Godwin Emefiele, on Wednesday announced th...

September 28, 2022 No Responses

Senate Passes Bill To Amend CBN Act For Second Reading

The Senate on Tuesday at plenary passed for second reading, a bill to amend the Central Bank of Nigeria (CBN) Act. Leading debate on the general principles of the bill, its sponsor, Sen. Sadiq Umar (APC-Kwara), said the bill was...

September 20, 2022 No Responses

Fitch Upgrades FBN Holdings To ‘B’, Outlook stable

September 18, 2022 No Responses

Shippers’ Council, CBN, UBA, Fidelity Bank, Others Harp On Trade Facilitation

By Moses Ebosele, ebosele@hotmail.com — Trade facilitation took the centre stage, in Lagos, on Saturday as key stakeholders brainstorm on challenges, existing modalities and gains recorded so far. Speaking at the event, which forms part ...

August 27, 2022 No Responses

CBN Releases $265m To Settle Outstanding Ticket Sales

The Central Bank of Nigeria (CBN),on Friday, released the sum of 265 million dollars to airlines operating in the country to settle outstanding ticket sales. According to a statement issued by the Director, Corporate Communications Department of CBN, Mr Osita....

August 26, 2022 No Responses

Manufacturers Task CBN On FOREX Allocation

The Manufacturers Association of Nigeria (MAN) has called on the Central Bank of Nigeria (CBN) to allocate more FOREX to manufacturers to allow for the importation of raw materials and machinery. Edo/Delta branch chairman of MAN, Dr Okwara Udensi, made th...

August 21, 2022 No Responses

Airline Operator Implores FG On Release Of Foreign Airlines’ $450m Ticket Sales

Chief Executive Officer of an aviation company, Mr Segun Adewale, has urged the Federal Government to repatriate the $450million in ticket revenue belonging to foreign airlines operating in the country. Adewale, also former Vice-Chairman, the National Associ...

July 31, 2022 No Responses

ABCON Urges CBN To Float Naira

The Association of Bureaux Des Change Operators of Nigeria (ABCON) has urged the Central Bank of Nigeria (CBN) to float the Naira to halt its further depreciation. The President of ABCON, Alhaji Aminu Gwadabe, made the appeal on Saturday in...

July 28, 2022 No Responses

CBN Issues National Licence To TAJBank

TAJBank Limited Nigeria’s leading non-interest bank has secured approval for nationwide banking operations from the Central Bank of Nigeria (CBN). The bank’s Managing Director, Mr Hamid Joda, made this known in a statement on Wednesday. Joda said tha...

July 28, 2022 No Responses

Fidelity Bank Rewards Customers With N10m

Fidelity Bank Plc has rewarded 10 customers with N1million each in the eight monthly draws of its Get Alerts in Millions season five promo (GAIM 5). Dr Ken Opara, the Promo Chairman and Executive Director, Lagos and South-West, said at...

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...