This was disclosed in Abuja on Friday by the Bank’s Director in charge of Corporate Communications Department, Isaac Okorafor.
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The Central Bank of Nigeria has released guidelines for the disbursement of lower denominations of the naira through microfinance banks across the country.
An ad hoc committee of the House of Representatives has summoned heads of four government agencies to appear before in on Monday, August 19.
The Director-General of NECA, Timothy Olawale, while reacting to the directive, told reporters in Lagos that although the directive might be well intended, it left much to be desired in the absence of a buffer time for adjustment.
Gov. Willie Obiano of Anambra said on Friday that 60 per cent of the N3.5bn agriculture grant, secured from the CBN would be given to women farmers and entrepreneurs in the state.
Timothy Olawale, Director-General of NECA, who gave the advice, spoke at a Business Forum in Lagos on the need to gauge the suitability or otherwise of the policy at this time.
The Central Bank of Nigeria says some firms in the country have identified insufficient power supply, high interest rates and unfavourable economic climate as major factors that constrained businesses in July.
Figures obtained from the CBN on Tuesday indicated that authorized dealers in the wholesale sector of the market received $100 million, while the Small and Medium Enterprises and the invisibles segments were allocated the sum of $55 million each.
The Nigerian Inter-bank foreign exchange market received another boost of 210 million dollars from the Central Bank of Nigeria after transactions on Tuesday, July 23.
The CBN Governor, Godwin Emefiele, made this known while addressing newsmen on outcome of the MPC meeting in Abuja on Tuesday.
The Central Bank Governor, Godwin Emefiele, who disclosed this while addressing newsmen after the Monetary Policy Committee meeting in Abuja on Tuesday said the Federal Government, would soon put restrictions on the importation of milk to the country.
He spoke against the backdrop of the Monetary Policy Committee’s decision to retain all key rate indicators of the economy.
A former Governor of Zamfara State, Alhaji Abdulaziz Yari, has commended President Muhammadu Buhari for re-appointing Godwin Emefiele as the Governor of the Central Bank of Nigeria.
The command’s Spokesperson, DSP Bala Elkana, said the police team acted on credible intelligence reports in collaboration with the Central Bank of Nigeria and other sister security agencies.
The Lagos Chamber of Commerce and Industry says the lending policy of the Central Bank of Nigeria will normalise the credit markets, spur economic growth and broaden the interface between entrepreneurs and the banking industry.
The Central Bank of Nigeria says it has made another intervention of 298.71million dollars in the retail Secondary Market Intervention Sales.
The Nigeria Air Force and the Central Bank of Nigeria have emerged winners of the 2019 prestigious PR Golden World Awards instituted by the International Public Relations Association.
The Customs Comptroller-General, Retired Col Hameed Ali, disclosed this on Thursday at a meeting organised by Central Bank of Nigeria with the service chiefs and heads of paramilitary organisations.
The Central Bank of Nigeria has appealed to Nigerians to stop defacing the naira, describing it as a national identity and symbol, which must be kept neat.
The CBN Governor, Godwin Emefiele, made this known at a meeting with Vice Chancellors of University-based Poultry Revival Programme in Abuja on Monday.