Naira Archives — Page 3 of 4 — City Business News

November 3, 2021 No Responses

JAMB Remits N3.51billion 2021 Operating Surplus

By Moses Ebosele, ebosele@hotmail.com The Joint Admissions and Matriculation Board (JAMB) has remitted N3.51 billion to the national treasury as part of its 2021 operating surplus. In a statement isued by its spokesperson, Dr Fabian Benjamin, on Wednesday, JAMB explained that...

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 24, 2021 No Responses

FG, States, LGs Share N696.9b

The Federation Accounts Allocation Committee (FAAC) has shared N696.965 billion as federation allocation for August. This is contained in a statement issued on Thursday by Mr Oshundun Olajide, Deputy Director (Information), Ministry of Finance, Budget an...

September 24, 2021 No Responses

Norway Blames Rising Cost Of Stockfish In Nigeria On Forex Ban

Norway Ambassador to Nigeria, Mr Knut Lein, on Friday, blamed the rising cost of stockfish in Nigeria on the inclusion of stockfish on forex banned list. The News Agency of Nigeria (NAN) recalls that the Central Bank of Nigeria (CBN)&nbs...

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...

August 22, 2021 No Responses

FirstBank Boosts SMEs With N500,000

FirstBank of Nigeria on Sunday announced a N500,000 business grant to five Small and Medium Enterprises (SMEs), through its SMEConnect initiative aimed at boosting employment. Group Head, Retail Banking, Lagos Mainland 1, FirstBank, Mrs Oludolapo Adigun, li...

March 7, 2021 No Responses

CBN Introduces N5 Per Dollar Reward For Diaspora Remittances

The Central Bank of Nigeria (CBN) on Saturday introduced a new incentive to encourage inflow of diaspora remittances. The incentive, tagged “Naira 4 Dollar Scheme”, was announced in a circular signed by Saleh Jibrin, CBN ‘s Director, Trade and Exch...

January 23, 2021 No Responses

CBN Flays Continued Remittances In Naira

The CBN has expressed displeasure over continued diaspora remittances into the country in Naira, instead of dollars, by International Money Transfer Operators (IMTOs) and unlicensed companies, contrary to its directives. Dr O.S. Nnaji, Director Trade and Excha...

December 30, 2020 No Responses

Lagos Assembly Passes N1.163tri 2021 Budget

The Lagos State House of Assembly on Tuesday passed the 2021 Appropriation Bill of N1.163 trillion, seven weeks after the budget was presented to the Assembly by Gov. Babajide Sanwo-Olu. The House passed the budget after the report of the...

October 30, 2020 No Responses

CBN Explains Framework For N75b Youth Investment Fund

The Central Bank of Nigeria (CBN) has released guidelines for implementation of the proposed N75 billion Nigeria Youth Investment Fund (NYIF). CBN, in a statement by its Development Finance Department, stated that the fund was a built-in strategy to effectivel...

August 10, 2019 No Responses

CBN Injects $280.04m, CNY 28.3m Into Retail SMIS

The Retail Secondary Market Intervention Sales (SMIS) has received a boost of $280.04 million from the Central Bank of Nigeria (CBN), which also injected the sum of CNY 28.3 million in the spot and short tenored forwards segment of the...

May 10, 2019 No Responses

Naira Remains Stable At Parallel Market

The Naira on Thursday remained stable at the parallel market in Lagos, exchanging at N359.3 to the dollar. The Pound Sterling and the Euro traded at N472 and N402, respectively. At the Bureau De Change (BDC) window, the naira was...

April 29, 2019 No Responses

CBN To Withdraw Dirty, Mutilated Notes

The Central Bank of Nigeria (CBN) has unveiled fresh plans to withdraw from circulation dirty and mutilated notes. According to the apex Bank, a large proportion of the N7.9 trillion pieces of naira notes in circulation are dirty, mutilated, unfit...

June 22, 2018 No Responses

‘Nigerian Banks Lose N12.30B To Fraud In Four Years’

The Nigerian Inter-Bank Settlement System (NIBSS), on Thursday said the banking industry lost the sum of N12.30 billion to various frauds between 2014 and 2017. Mr Adebisi Shonubi, Managing Director, NIBBS, disclosed this at the third Annual Banking Security S...