CBN Archives — Page 8 of 19 — City Business News

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. Scheduled for...

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...

February 6, 2022 No Responses

CBN, RIFAN Empower 25, 000 Farmers In Gombe

The Central Bank of Nigeria (CBN), in collaboration with Rice Farmers Association of Nigeria (RIFAN), Gombe State chapter has launched the 2021/2022 inputs distribution for dry season farming. The News Agency of Nigeria (NAN) reports that the ceremony un...

February 2, 2022 No Responses

Emefiele Tasks Rice Millers On FOREX, Employment

Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has urged rice mills in the country to embrace CBN’s backward integration initiatives aimed at conserving foreign exchange reserves. Information obtained from CBN’s website indic...

January 31, 2022 No Responses

E-invoicing: Manufacturers Seek 90 Days Extension

The Manufacturers Association of Nigeria (MAN) has urged the Central Bank of Nigeria (CBN) to extend the implementation of the E-invoice and E-evaluator initiatives by 90 days to accommodate inputs of the stakeholders. Mr Segun Ajayi-Kadir, Director...

January 28, 2022 No Responses

CBN Reduces Charges On Electronic Transactions

The Central Bank of Nigeria (CBN) has announced a downward review of charges for electronic banking transactions in its revised guidelines to charges by Banks, Other Financial Institutions (OFIs) and Non-Bank Financial Institutions. A circular by Chibuzor...