CBN Archives — Page 6 of 17 — City Business News

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...

May 6, 2022 No Responses

CBN Governor, Emefiele, Picks N100m APC Presidential Form

Central Bank of Nigeria (CBN), Mr Godwin Emefiele, on Friday, kept mum as farmers across the country bought the N100m presidential nomination and expression of interest forms of the All Progressives Congress ( APC) for him. Operating under the ...

April 15, 2022 No Responses

FX Repatriation: CBN Releases N3.5b Incentive To Exporters

The Central Bank of Nigeria (CBN) has released N3.5 billion rebate incentive to various exporters who sold goods through the Importers and Exporters Window. The CBN Governor, Mr Godwin Emefiele, made the announcement at the Bankers’ Committe...

April 11, 2022 No Responses

Fidelity Bank Takes Non-Oil Exports Campaign To North Central

Following successful outings in Kano and Akure, leading financial institution, Fidelity Bank Plc, is set to host businesses in the north central geopolitical zone to a special seminar on opportunities and implementation of the CBN RT200 FX Policy. ...

April 9, 2022 No Responses

CBN To Begin Payment Of N65 Rebate To Exporters

The Central Bank of Nigeria (CBN) is to begin payment of N65 rebate to exporters who sold their goods through the importers and exporters (I&E) window, at the end of the first quarter. CBN Governor, Godwin Emefiele, said this shortly...

March 29, 2022 No Responses

CBN Disburses N948b To 4,478,381 Farmers

The Central Bank of Nigeria (CBN) has disbursed N948 billion to 4,478,381smallholder farmers, to upscale food production in the country. The CBN Governor, Mr Godwin Emefiele disclosed this in Ado-Ekiti while delivering the 25th and 26th combined convocat...

March 25, 2022 No Responses

CBN Disburses N42b To Support Wheat Cultivation In 15 States

The Central Bank of Nigeria (CBN) has disbursed about N42 billion to accelerate wheat cultivation in 132,799 hectares across 15 states in the country. The CBN Governor, Mr Godwin Emefiele, stated this at the inauguration of the 2021/2022 Brown Revolution...

March 22, 2022 No Responses

CBN Disburses N1.3tri To Support Power Supply

The Central Bank of Nigeria (CBN) has disbursed over N1.3 trillion to support power supply to Nigerians in the last five years. The CBN Governor, Mr Godwin Emefiele, made the remark at a news conference following a meeting of the...

March 17, 2022 No Responses

Fidelity Bank Sensitizes Customers on Emerging Opportunities In Non-Oil Exports, CBN RT200 FX Policy

The Central Bank of Nigeria’s (CBN) efforts towards actualising $200 billion in Foreign Exchange (FX) repatriation from non-oil exports over the next five years have been given a major boost with a recently held workshop for exporters and investors in...

March 1, 2022 No Responses

CBN Releases Operating Guidelines For R200 Policy

The Central Bank of Nigeria (CBN), has released guidelines for the operationalisation of its R200 policy. The News Agency of Nigeria (NAN) recalls that the apex bank recently initiated the R200 policy in an effort to reduce exposure to volatile...

February 23, 2022 No Responses

Fidelity Bank Restates Support For CBN FX Repatriation Push, Sensitizes Customers In Non-Oil Exports Emerging Opportunities

Fidelity Bank Plc has reaffirmed its commitment to actively support the Central Bank of Nigeria’s (CBN) efforts to achieve its goal of $200 billion in Foreign Exchange (FX) repatriation from non-oil exports over the next five years. The Executive D...

February 18, 2022 No Responses

CBN Opposes New Money Laundering Laws

The Central Bank of Nigeria on Thursday kicked against plan by the Senate to enact new anti-money laundering laws without required amendments on the existing Money Laundering ( Prevention ) Act 2011. The CBN Governor, Godwin Emefiele, made the position.....

February 11, 2022 No Responses

CBN Introduces RT200 Programme To Improve Exports, Boost FOREX

The Central Bank of Nigeria (CBN) has introduced a new intervention programme (RT200) to help improve export receipts and boost the country’s foreign exchange earnings. The CBN Governor, Mr Godwin Emefiele, made this known on Thursday in Abuja, while a...