Tag: CBN

CBN places all forms of textile, garments on forex restriction list

Have you noticed something lately about Godwin Emefiele, the Governor of the Central Bank of Nigeria? Perhaps, you haven’t. But ...

Buhari appoints Chair, Council Members, ES for Commission for Persons with Disabilities

Business

Buhari to CBN: Don’t give a kobo for importation of food, fertiliser

by Hassan Muaz

September 10, 2020

At a meeting of the National Food Security Council at the State House, Abuja, President Buhari restated his earlier verbal ...

Naira gains against dollar, closes at N358/$ at parallel market

Business

Naira strengthens against dollar

by The Eagle Online

September 4, 2020

The News Agency of Nigeria reports that the Naira exchanged at N439 to a dollar at the parallel market in ...

News

197 NDDC foreign scholars get $5.910m

by Hassan Muaz

August 31, 2020

This was revealed in a statement by the IMC of the intervention agency on Monday.

LCCI decries exclusion of textile from Forex, says restriction poses threat to fashion industry

Business

Form ‘M’: LCCI appeals for review of CBN decision

by The Eagle Online

August 30, 2020

Dr. Muda Yusuf, Director-General LCCI, made the appeal in a statement on Sunday in Lagos.

Business

CBN grants 9mobile service payment bank licence

by Hassan Muaz

August 29, 2020

9mobile, in a statement on Saturday, said its *990# payment service banking platform would help drive financial inclusion in Nigeria’s ...

CBN says Nigeria recorded 57.1 PMI points as at February

Business

We will soon enrol others to CRMS, GSI policy — CBN Director

by The Eagle Online

August 29, 2020

Amugo made the announcement at a webinar in Lagos, organised by CRC Credit Bureau Limited, in association with Dun and ...

Business

CBN resumes sales of foreign exchange to licensed BDC operators

by The Eagle Online

August 28, 2020

The CBN made this known in a circular by Dr. Ozoemena Nnaji, Director Trade and Exchange Department, and addressed to ...

Business

CBN policy on Form ‘M’ will reduce import volume — ANLCA

by Hassan Muaz

August 27, 2020

The National Vice President of ANLCA, Dr. Kayode Farinto, disclosed this in a statement in Lagos.

Business

Export: Emefiele to meet multinational companies CEOs

by Hassan Muaz

August 25, 2020

Emefiele dropped the hint on Tuesday during the meeting of the Bankers’ Committee, noting that the CBN was ready to ...

Business

CBN goes tough on exporters over Forex non-repatriation

by Hassan Muaz

August 25, 2020

The directive was issued by the CBN Governor, Godwin Emefiele, on Tuesday during the bi-monthly virtual meeting of the Bankers’ ...

Column

Emefiele and the burden of a prophet, by Jackson Ugbechie

by The Eagle Online

August 24, 2020

Today, by benefit of hindsight, it could be appropriately said that Emefiele was a prophet who saw tomorrow and quickly ...

Business

Senate threatens to sanction CBN, NPA, NCC, NIMASA, others

by Hassan Muaz

August 19, 2020

The Chairman of the Senate Committee on Finance, Senator Solomon Adeola (APC-Lagos West), made the threat while presiding at the ...

Business

CBN ABP: NIRSAL deploys agro geo-cooperative model to support North East economy

by Hassan Muaz

August 17, 2020

Through the ongoing NIRSAL Agro Geo-Cooperative formation exercise, the farmers were structured into a group: Maize Dealers and Marketers Association ...

Business

North Central: Farmers look forward to bumper harvest, thanks to CBN

by The Eagle Online

July 30, 2020

The development comes following NIRSAL Plc’s structuring of farmers in the FCT into 16 established Agro Geo-Cooperatives, 12 of which ...

Business

Economists say MPC’s decision to retain all parameters reasonable

by The Eagle Online

July 23, 2020

The Committee had on July 20 left the MPR, popularly called lending rate, unchanged at 12.5 per cent.

Business

Professor commends CBN’s plan to scale up N50b credit intervention to households, SMEs

by The Eagle Online

July 21, 2020

Uwaleke, an expert on Finance and Capital Markets at the Nasarawa State University Keffi, made the commendation in an interview ...

Business

MPC retains MPR at 12.5%, holds other policy parameters constant

by The Eagle Online

July 21, 2020

The CBN Governor, Godwin Emefiele, disclosed this while reading the communique after the MPC meeting in Abuja on Monday.

Farmers-herdsmen conflict: Yobe demarcates additional 125km stock routes

Business

CBN targets 12.5m metric tons of maize production in 18 months

by The Eagle Online

July 17, 2020

Yusuf Yila, Head, Development Finance Department, CBN, said this at the stakeholders’ meeting of Maize Growers Processors and Marketers Association ...

Business