CBN Archives — Page 9 of 19 — City Business News

December 14, 2021 No Responses

CBN Earmarks N41b Through Heritage Bank For Dry Season Wheat Projects’ Farming

As part of measures to meet high demand amid poor production capacity of wheat, the Central Bank of Nigeria (CBN) has set aside N41billion. The fund is being disbursed by Heritage Bank Plc to farmers across multiple States for the...

December 13, 2021 No Responses

Shareholders Seek Reduction In Banks’ Mandatory Cash Reserve Ratio

Members of Independence shareholders Association of Nigeria (ISAN) have criticised hike in banks’ mandatory Cash Reserve Ratio (CRR). In a statement on Sunday, ISAN’s founder, Sir Sunny Nwosu, urged the Central Bank of Nigeria (CBN) to reduce t...

November 27, 2021 No Responses

Oil Palm: Igbinedion Varsity Secures N500m CBN Facility

The Igbinedion University, Okada, has secured a N500 million Central Bank of Nigeria (CBN) facility to resuscitate and expand its existing oil palm plantation. The university’s Vice-Chancellor (VC), Prof. Lawrence Ezemonye, made this known on Friday in Okada...

November 23, 2021 No Responses

CBN Retains MPR At 11.5%, Other Parameters Remain Constant

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday voted to hold the Monetary Policy Rate (MPR) at 11.5 percent for the umpteenth time. Reading a communiqué after the committee’s 282nd meeting on Tuesday, Mr...

November 16, 2021 No Responses

FCCPC, CBN, EFCC, Others To Investigate Rights Violation In Money Lending

The Federal Competition and Consumer Protection Commission (FCCPC), the Central Bank of Nigeria (CBN) and the Economic Financial Crimes Commission (EFCC) have commenced rights violation investigation into the money lending industry. A document signed by ...

November 11, 2021 No Responses

CBN, Heritage Bank To Boost Wheat Production

As part of measures to meet high demand amid poor production capacity of wheat, the Central Bank of Nigeria (CBN) and Heritage Bank have adopted a novel but more robust approach to boost local production and reduce dependence on importation....

October 26, 2021 No Responses

CBN Explains Guidelines For eNaira

The Central Bank of Nigeria (CBN) has released regulatory guidelines for eNaira launched by President Muhamadu Buhari on Monday, October 25, 2021. The eNaira speedwallet app meant for individuals had, as at 4.pm on Monday seen ...

September 27, 2021 No Responses

CBN Pledges More Support For Youth Empowerment

The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has pledged more support for youth empowerment, through sports and its other intervention programmes. Osita Nwanisobi, CBN spokesperson quoted Emefiele as making the pledge at the finals of the...

September 26, 2021 No Responses

At FICAN Conference, Emefiele Harps On Infrastructure Development

The Federal Government needs about S$100 billion annually to address the nation’s infrastructure deficit, Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, reiterated on Saturday in Lagos. Speaking at the 30th Anniversary Confere...

September 23, 2021 No Responses

Reps Task NCC, CBN On ATM, Web fraud

The House of Representatives has challenged the Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC) to ensure all monies lost as a result of Card/ ATM and web-based fraud are refunded to the affected victims. The...

September 19, 2021 No Responses

Ariyo Canvasses Support For CBN’s e-Naira Initiative

A Fintech expert in Ibadan, Oyo State, Mr Olukayode Ariyo, has lauded the e-money initiative of the Central Bank of Nigeria, urging entrepreneurs to key into the new technology for profitability. Ariyo, the keynote speaker and Managing Director, Global A...

September 19, 2021 No Responses

CBN, NDIC, UBA, Unity Bank, Heritage Bank, Others Support FICAN At 30

Banking and Finance stakeholders are set to converge at the 2021 Annual Conference and 30th-anniversary celebration of the Finance Correspondents Association of Nigeria (FICAN). The Nigeria Deposit Insurance Corporation (NDIC) Securities and Exchange Commissi...

September 18, 2021 No Responses

CBN Donates Building To NTA

As part of its Corporate Social Responsibility (CSR), the Central Bank of Nigeria (CBN), Abeokuta branch, on Friday handed over a newly constructed guardhouse to the Nigeria Television Authority (NTA) in Abeokuta. Speaking at the handing over ceremony, Abeok...

September 14, 2021 No Responses

Minister Decries CBN Non-Support For Solid Minerals

The Minister of State for Mines and Steel Development, Dr Uche Ogah, has decried the absence of support from the Central Bank of Nigeria (CBN) for the development of mines and the solid mineral sector. The minister made his views...