Adoption of electronic payments is a viable and cost effective alternative to cash. The CBN in September, 2019 further reduced the fee that businesses pay for accepting electronic payments at ...
Godwin Emefiele the Governor of Central Bank of Nigeria, says the implementation of cashless policy in six states of the federation is in public interest to promote efficient payment system.
The Ogun House of Assembly has granted Governor Dapo Abiodun’s request to access N1.5billion loan under the Central Bank of Nigeria’s Anchor Borrowers’ Programme.
The Apex bank explained that the charges would only affect anyone that exceeded the N500,000 daily limit.
The CBN Governor, Godwin Emefiele, disclosed this at the briefing of some state Governors on the feat recorded in the agriculture sector by the bank in Abuja on Thursday.
Emefiele explained that the fund was disbursed through deposit money banks to six oil palm companies to support their expansion programmes.
The association’s Director-General, Timothy Olawale, who made this known on Thursday in Lagos, said that the full implementation of the policy would impact negatively on several sub-sectors of the economy.
In an interview with journalists in Abuja, Ossai said that the Acting Managing Director and all the Directors in the Niger Delta Development Commission would also answer questions on abandoned ...
Some banks customers have expressed disappointment on the directive of the Central Bank of Nigeria to Deposit Money Banks on new charges on certain lodgements and withdrawals.
The Central Bank of Nigeria has undertaken to absorb into its employ all First Class graduates of Economics from Ebonyi State.
The CBN has, however, over the years, been directly or indirectly involved in the financing of growth-enhancing programmes and other projects of the Federal Government which are incidental to the ...
Figures obtained from the CBN on Friday indicated that the sum of CNY33, 304,365.10 was also offered in the spot and short tenured forwards segment of the inter-bank foreign exchange ...
The Central Bank of Nigeria is to give a loan of N1.5 billion to Plateau State under the Accelerated Agriculture Development Scheme.
Magu, who spoke through Usman Imam, head of Enugu Office of the Commission, while receiving a delegation from the Enugu Branch of the apex bank, led by the Controller, Okonjo ...
The Central Bank of Nigeria on Saturday said that the general public would continue to return mutilated bank notes to their banks after the September 2 deadline.
Some Nigerians have lauded the Central Bank of Nigeria’s proposed policy that will make loan defaulters to forfeit their deposits in others banks.
The bank gave the warning in a statement on Monday in Abuja issued by its Director, Corporate Communications Department, Isaac Okorafor.
Moghalu recommended technology and innovation as alternatives, citing the examples of developed countries.
This was disclosed in Abuja on Friday by the Bank’s Director in charge of Corporate Communications Department, Isaac Okorafor.
The Central Bank of Nigeria has released guidelines for the disbursement of lower denominations of the naira through microfinance banks across the country.
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