CBN Archives — Page 9 of 20 — City Business News

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 addressing...

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...

January 22, 2022 No Responses

CBN Begins e-Invoice For Importers, Exporters

The Central Bank of Nigeria (CBN) is to begin e-invoice for imports and exports from February 1, 2022. A circular to all authorised dealers and the general public signed by CBN Director in charge of Trade and Exchange Department, Dr....

January 19, 2022 No Responses

Buhari Lauds CBN, Unveils Rice Pyramids

President Muhammadu Buhari, on Tuesday commended the Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, for boosting food production and supporting the Federal Government ‘s food security initiatives through the Anchor Borrowers’ Prog...

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 ...