CBN’s monetary policy creates virile banking sector — Access Bank boss
Etuokwu said the monetary policies by the apex bank had also helped in sanitising the banking industry, restoring people’s confidence in the sector.
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Tag: CBN
NECA raises concerns over CBN’s directive to banks on lending
NECA’s Director-General, Timothy Olawale, who raised the concerns in a statement on Saturday in Lagos said that effective monitoring mechanism should be put in place to avert the negative effects.
Edo can generate 200,000 jobs, million of Dollar from palm oil – CBN Governor
Emefiele said this at the first convocation lecture of Edo State University, Iyamho, Auchi on Friday.
NewsDigest’s Editor, Webmaster arrested over report on ex-CBN Governor’s company
The NewsDigest’s Editor and webmaster were arrested in a gestapo-like style for publishing an investigative news story, titled: “Inside Kwara factory where Indian hemp smoking is legalized.”
Buhari directs CBN to provide funds for textile sector
President Muhammadu Buhari on Tuesday mandated the Central Bank of Nigeria to make special funds available for the production of textiles and garments locally.
National currency processing companies must have N3b capital – CBN
The CBN made this known in a guideline released on its website on Monday.
Anchor Borrowers: 12,000 farmers meet CBN requirements in Niger — Official
The Rice Farmers Association of Nigeria, Niger State chapter on Saturday said the Central Bank of Nigeria has approved the participation of 12,000 members in the 2019 Anchor Borrowers Programme.
CBN opposes MTN’s planned charges for USSD transactions
The Central Bank of Nigeria has opposed plans by MTN to charge their subscribers for Unstructured Supplementary Service Data access to banking services from October 21.
Forex Intervention: CBN injects $325.56m, CNY14m into retail SMIS
This was disclosed by the Director, Corporate Communications Department, Isaac Okoroafor.
N500, N1,000 denominations most commonly counterfeited banknotes — CBN
The bank said this in the Currency Operations 2018 Annual Report, posted on its website.
Nigeria’s financial inclusion rate now 63.2% – CBN report
The bank said this in the 2018 Annual Report on the National Financial Inclusion Strategy Implementation posted on its website.
N8b CBN currency scam: Court orders EFCC to produce 106 boxes containing stolen money
A Federal High Court in Ibadan, on Friday ordered the Economic and Financial Crimes Commission to produce the 106 boxes, containing the N900 million allegedly stolen by two workers of ...
CBN empowers 1.1m farmers through anchor borrowers programme
The Central Bank of Nigeria says 1,140,854 farmers have participated in the production of 17 different agricultural products under its Anchor Borrowers Programme.
Border closure will stagnate nation’s economy, warns ex CBN official
A former Director of the Central Bank of Nigeria, Dr Titus Okunrounmu, has warned that the continued closure of the country’s borders would exacerbate the stagnation of the economy.
CBN clarifies cashless policy transaction charges
The Central Bank of Nigeria says the transaction charges on deposit and withdrawal in furtherance of implementation of its cashless policy is on the amount in excess of the set ...
Cashless policy: Why we must support CBN to stop poor subsidising rich, by Agada Apochi
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 ...
Implementation of cashless policy is in public interest–Emefiele
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.
Assembly approves Gov. Abiodun’s request for N1.5b CBN loan
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.
Cashless Policy will only affect amount deposited in excess — CBN
The Apex bank explained that the charges would only affect anyone that exceeded the N500,000 daily limit.
CBN to support nomadic herdsmen livestock production
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.
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