Central Bank of Nigeria

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6h
AllAfrica.com
Low Liquidity Shores Up Market RatesFinancial Market. Image sourceinvestmentdivThe assessed low liquidity in the fi
Low Liquidity Shores Up Market Rates
AllAfrica.com / Posted 6 hours ago
Financial Market. Image sourceinvestmentdivThe assessed low liquidity in the financial market last week, caused money market rates to trend high on all trading days of the week. The market had opened the week with opening balance of N72.3 billion,... Read more
7h
AllAfrica.com
That Marriage Between Heritage, Enterprise BanksThe Central Bank of Nigeria (CBN) granted final approval for the merger of Heri
That Marriage Between Heritage, Enterprise Banks
AllAfrica.com / Posted 7 hours ago
The Central Bank of Nigeria (CBN) granted final approval for the merger of Heritage Bank and Enterprise Bank. Furthermore, the Federal High Court sanctioned the scheme of merger and ordered the merger of both institutions. Our reporter examines the... Read more
7h
AllAfrica.com
CBN Urged to Further Devalue the NairaBy Obinna Chima And Eromosele Abiodun The sustained low crude oil prices will
CBN Urged to Further Devalue the Naira
AllAfrica.com / Posted 7 hours ago
By Obinna Chima And Eromosele Abiodun The sustained low crude oil prices will continue to put pressure on Nigeria's revenue as well as the country's currency, a financial market expert has said. To this end, the Central Bank of Nigeria (CBN) has... Read more
8h
AllAfrica.com
Investigate Akwa Ibom Finances, EFCC, ICPC UrgedFormer Akwa Ibom State Commissioner for Information, Ita Awak, has urged the Ce
Investigate Akwa Ibom Finances, EFCC, ICPC Urged
AllAfrica.com / Posted 8 hours ago
Former Akwa Ibom State Commissioner for Information, Ita Awak, has urged the Central Bank of Nigeria (CBN) and the Debt Management Office (DMO) to stay action on the state government's request for debt restructuring. He said it was important until... Read more
8h
AllAfrica.com
Firstbank Boosts Savings Culture Among TeenagersFirst Bank of Nigeria Limited has opened a window of money management opportuni
Firstbank Boosts Savings Culture Among Teenagers
AllAfrica.com / Posted 8 hours ago
First Bank of Nigeria Limited has opened a window of money management opportunities to encourage Nigerian teenagers to develop a healthy savings culture while building prudent expenditures and investment profiles. Specifically, the bank has... Read more
8h
AllAfrica.com
State Loan for Bond Swap Positive for Banks, Say AnalystsWith the commencement of the state loan for bond swap last week, financial anal
State Loan for Bond Swap Positive for Banks, Say Analysts
AllAfrica.com / Posted 8 hours ago
With the commencement of the state loan for bond swap last week, financial analysts said the rescue package put together for the states of the federation under the throes of liquidity crisis would not hurt banks. The conversion of the loans to bond,... Read more
8h
AllAfrica.com
Bailout - CBN Injects N338 Billion in 27 States to Stimulate Economy- Kwara, Osun, Zamfara commence payment of salary arrears, 24 other states to f
Bailout - CBN Injects N338 Billion in 27 States to Stimulate Economy
AllAfrica.com / Posted 8 hours ago
- Kwara, Osun, Zamfara commence payment of salary arrears, 24 other states to follow In line with the federal government's resolve to reflate economic activities in the country, the Central Bank of Nigeria (CBN) will this week continue the... Read more
10h
AllAfrica.com
Hajj - Govt Should Go Beyond Stopping Sponsored PilgrimagesThe procedure, too, for applying and securing hajj seats is another matter that
Hajj - Govt Should Go Beyond Stopping Sponsored Pilgrimages
AllAfrica.com / Posted 10 hours ago
The procedure, too, for applying and securing hajj seats is another matter that needs re-examination and re-structuring. The order by Governor Nasir Ahmed el-Rufai of Kaduna State banning the allocation of hajj seats to politicians and traditional... Read more
12h
AllAfrica.com
20 Game Changers Bag Thisday 20th AnniversaryTwenty distinguished personalities who, in their own small steps and in their o
20 Game Changers Bag Thisday 20th Anniversary
AllAfrica.com / Posted 12 hours ago
Twenty distinguished personalities who, in their own small steps and in their own corners, have altered the landscape and made remarkably positive impacts will be conferred with Game Changer Awards at THISDAY 20th Anniversary and Annual Awards for... Read more
14h
AllAfrica.com
Gov Ahmed Directs Immediate Payment of Outstanding SalariesGov. Abdulfatah Ahmed of Kwara has directed the state Accountant General to pay
Gov Ahmed Directs Immediate Payment of Outstanding Salaries
AllAfrica.com / Posted 14 hours ago
Gov. Abdulfatah Ahmed of Kwara has directed the state Accountant General to pay the outstanding two months' salary of civil servants with immediate effect. This is contained in a statement on Friday in Ilorin by the governor's Senior Special... Read more
14h
AllAfrica.com
Senate Begins Probe of Power SectorSenate on Friday inaugurated a committee to conduct comprehensive investigation
Senate Begins Probe of Power Sector
AllAfrica.com / Posted 14 hours ago
Senate on Friday inaugurated a committee to conduct comprehensive investigation into allegations of unwholesome practices in the power sector over the years. The committee which is headed by Senator Abubakar Kyari (APC Borno North) is charged with... Read more
3d
AllAfrica.com
Why We Now Have Electricity - AmadiBy Paul Chiama And Pembi David-Stephen Sam Amadi is the chairman, Nigerian Ele
Why We Now Have Electricity - Amadi
AllAfrica.com / Posted 3 days ago
By Paul Chiama And Pembi David-Stephen Sam Amadi is the chairman, Nigerian Electricity Regulatory Commission (NERC). In this interview with PEMBI DAVID-STEPHEN and PAUL CHIAMA, he speaks of the recent successes made in the power reform initiative,... Read more
3d
AllAfrica.com
Buhari Approves 65 Licences for Private RefineriesPresident Muhammadu Buhari has granted licences to 65 Nigerian companies to con
Buhari Approves 65 Licences for Private Refineries
AllAfrica.com / Posted 3 days ago
President Muhammadu Buhari has granted licences to 65 Nigerian companies to construct modular refineries. The companies were selected from about 285 applications that were screened for the purpose. Modular refineries are mini-refineries with... Read more
3d
AllAfrica.com
Buhari On Treasury Single AccountPresident Muhammadu Buhari's directive to all federal ministries, departments a
Buhari On Treasury Single Account
AllAfrica.com / Posted 3 days ago
President Muhammadu Buhari's directive to all federal ministries, departments and agencies (MDAs) to start paying all government revenues, incomes and other receipts into a unified pool of single account with the Central Bank of Nigeria (CBN), is a... Read more
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3d
AllAfrica.com
Thisday 20th Anniversary - Twenty Eminent Personalities Bag Lifetime AwardsThe Board of Editors of THISDAY Newspapers on Thursday shortlisted the names of
Thisday 20th Anniversary - Twenty Eminent Personalities Bag Lifetime Awards
AllAfrica.com / Posted 3 days ago
The Board of Editors of THISDAY Newspapers on Thursday shortlisted the names of 20 distinguished Nigerians to be conferred with Lifetime Achievement Awards as part of its 20th Anniversary and Annual Awards for Excellence and Good Governance. The... Read more
3d
AllAfrica.com
CBN, IFC Seek Improved Credit SystemThe Central Bank of Nigeria (CBN) and the International Finance Corporation (IF
CBN, IFC Seek Improved Credit System
AllAfrica.com / Posted 3 days ago
The Central Bank of Nigeria (CBN) and the International Finance Corporation (IFC), a member of the World Bank Group, have said that the current difficulties being faced by the country's micro, small and medium enterprises (MSMEs) in accessing funds... Read more
3d
AllAfrica.com
Customs Impounds 159 Consignments, Rakes in N167 Billion in Six MonthsNo fewer than 159 consignments were detained by the Nigeria Customs Service (NC
Customs Impounds 159 Consignments, Rakes in N167 Billion in Six Months
AllAfrica.com / Posted 3 days ago
No fewer than 159 consignments were detained by the Nigeria Customs Service (NCS), Apapa Area Command between January and July this year, according to data obtained by THISDAY. According to the release, about 153 of the seized consignments were... Read more
4d
AllAfrica.com
CBN, Court Approve Merger of Heritage and Enterprise BanksThe Central Bank of Nigeria (CBN) has granted final approval for the merger of
CBN, Court Approve Merger of Heritage and Enterprise Banks
AllAfrica.com / Posted 4 days ago
The Central Bank of Nigeria (CBN) has granted final approval for the merger of Heritage Bank and Enterprise Bank. The approval came as the Federal High Court wednesday sanctioned the scheme of merger and ordered the merger of both Finacial... Read more
4d
AllAfrica.com
CBN, Court Approve Heritage, Enterprise Banks' MergerThe Central Bank of Nigeria (CBN) has granted final approval for the merger of
CBN, Court Approve Heritage, Enterprise Banks' Merger
AllAfrica.com / Posted 4 days ago
The Central Bank of Nigeria (CBN) has granted final approval for the merger of Heritage Bank and Enterprise Bank. Furthermore, the Federal High Court has sanctioned the scheme of merger and ordered the merger of both institutions. "The Management of... Read more
4d
AllAfrica.com
Zamfara, Kwara Get FG's Bailout Money - Others to FollowTwo out of the 27 states that applied to Central Bank of Nigeria, CBN, for fina
Zamfara, Kwara Get FG's Bailout Money - Others to Follow
AllAfrica.com / Posted 4 days ago
Two out of the 27 states that applied to Central Bank of Nigeria, CBN, for financial bailout, Zamfara and Kwara, have received disbursement of funds to pay workers outstanding salaries. A statement from CBN said that the two states met the... Read more
2 related stories
4d
AllAfrica.com
2050 Population Explosion - Is Nigeria Ready for 397 Million PeopleBy 2050, Nigeria, currently the seventh most populous country in the world, wil
2050 Population Explosion - Is Nigeria Ready for 397 Million People
AllAfrica.com / Posted 4 days ago
By 2050, Nigeria, currently the seventh most populous country in the world, will rise to the fourth spot with an estimated 397 million people, the Population Reference Bureau (PRB), a Washington-based organisation that informs people around the world... Read more
4d
AllAfrica.com
Salary Backlog - Banks Begin Disbursement of Bailout to StatesThe Central Bank of Nigeria has approved the request of Deposit Money Banks to
Salary Backlog - Banks Begin Disbursement of Bailout to States
AllAfrica.com / Posted 4 days ago
The Central Bank of Nigeria has approved the request of Deposit Money Banks to provide loans to state governments to enable them to pay the backlog of their workers' salaries. This is contained in a statement on Wednesday in Abuja by the Director,... Read more
2 related stories
4d
AllAfrica.com
MDAs Ordered to Open Treasury Single AccountAbuja — IN a move aimed at promoting transparency and facilitate compliance wit
MDAs Ordered to Open Treasury Single Account
AllAfrica.com / Posted 4 days ago
Abuja — IN a move aimed at promoting transparency and facilitate compliance with sections of the Constitution, President Muhammadu Buhari has ordered all Federal Government Ministries, Departments and Agencies to start paying into a Treasury Single... Read more
2 related stories
4d
AllAfrica.com
SON, CBN, Customs Integrate Online Platforms to Combat Substandard GoodsIn a move to further stem the preponderance of fake and substandard goods in th
SON, CBN, Customs Integrate Online Platforms to Combat Substandard Goods
AllAfrica.com / Posted 4 days ago
In a move to further stem the preponderance of fake and substandard goods in the country, the Standards Organisation of Nigeria (SON), Central Bank of Nigeria, and the Nigeria Customs Service (NCS) have commenced an online data sharing initiative to... Read more
4d
AllAfrica.com
Senate Probe Begins - Lamorde's Accuser a U.S. Convict - EFCCBy Jonathan Nda-Isaiah and Kunle Olasanmi The Economic and Financial Crimes Co
Senate Probe Begins - Lamorde's Accuser a U.S. Convict - EFCC
AllAfrica.com / Posted 4 days ago
By Jonathan Nda-Isaiah and Kunle Olasanmi The Economic and Financial Crimes Commission (EFCC) has revealed that the man, Dr. George Uboh, who accused its executive chairman, Ibrahim Lamorde, of the diversion of over N1trillion, is a suspect standing... Read more
8 related stories
4d
AllAfrica.com
Salary Arrears - CBN Okays Bank Loans for 27 StatesBy Bukola Idowu and George Agba States under the salary debt burden will now h
Salary Arrears - CBN Okays Bank Loans for 27 States
AllAfrica.com / Posted 4 days ago
By Bukola Idowu and George Agba States under the salary debt burden will now have succour as the Central Bank of Nigeria (CBN) has approved the request by deposit money banks to provide financial accommodation to such state governments to enable... Read more
2 related stories
4d
AllAfrica.com
Amnesty Office, CBN Resolves Payment of Tuition, Allowances to Ex-MilitantsAbuja — The Office of the Special Adviser to the President on Niger Delta, unde
Amnesty Office, CBN Resolves Payment of Tuition, Allowances to Ex-Militants
AllAfrica.com / Posted 4 days ago
Abuja — The Office of the Special Adviser to the President on Niger Delta, under which the Presidential Amnesty Programme (PAP) is domiciled, has resolved with the Central Bank of Nigeria (CBN) the payment of tuition and allowances of the ex-Niger... Read more
5d
AllAfrica.com
Buhari Cancels All Crude Oil Swap, Offshore Processing Deals With NNPCAll offshore crude oil processing agreements and crude oil swap deals for refin
Buhari Cancels All Crude Oil Swap, Offshore Processing Deals With NNPC
AllAfrica.com / Posted 5 days ago
All offshore crude oil processing agreements and crude oil swap deals for refined petroleum products between the Nigerian National Petroleum Corporation, NNPC, and oil traders around the world have been cancelled by the Federal... Read more
5d
AllAfrica.com
Agbaje Foresees Naira DevaluationThe Managing Director/Chief Executive Officer of Guaranty Trust Bank Plc (GTBan
Agbaje Foresees Naira Devaluation
AllAfrica.com / Posted 5 days ago
The Managing Director/Chief Executive Officer of Guaranty Trust Bank Plc (GTBank), Mr. Segun Agbaje has said that the Central Bank of Nigeria needs to devalue the naira, adding that the falling oil prices and the global markets rout this week means... Read more
5d
AllAfrica.com
Nigeria Rated High in Financial Inclusion StrategyThe Brookings' 2015 Financial and Digital Inclusion Project (FDIP) report, whic
Nigeria Rated High in Financial Inclusion Strategy
AllAfrica.com / Posted 5 days ago
The Brookings' 2015 Financial and Digital Inclusion Project (FDIP) report, which evaluates access to and usage of affordable financial services across 21 countries, has rated efforts by Nigeria to drive financial inclusion high. According to the... Read more
4 related stories
5d
AllAfrica.com
Industrialist Empowers Accident VictimAs part of its corporate social responsibility (CSR) and humanitarian assistanc
Industrialist Empowers Accident Victim
AllAfrica.com / Posted 5 days ago
As part of its corporate social responsibility (CSR) and humanitarian assistance, Erisco Foods Limited, recently employed an amputee accident victim. The victim, Miss Margaret Uhunamure, a graduate of Ambrose Ali University in Edo State, while... Read more
5d
AllAfrica.com
Should Nigeria Join the Currency War?With a significant drop in Nigeria's revenue and her heavy dependence on import
Should Nigeria Join the Currency War?
AllAfrica.com / Posted 5 days ago
With a significant drop in Nigeria's revenue and her heavy dependence on imports, Obinna Chima believes that another currency adjustment will have a negative impact on the economy As the wave of currency interventions spread across emerging markets,... Read more
5d
AllAfrica.com
Can Nigerian Banks Withstand the Energy Slump?By Ejiofor Alike And Obinna Chima As Nigerian oil & gas and power firms grappl
Can Nigerian Banks Withstand the Energy Slump?
AllAfrica.com / Posted 5 days ago
By Ejiofor Alike And Obinna Chima As Nigerian oil & gas and power firms grapple with mounting debts on account of the slump in the price of crude oil and the challenging electricity environment, Ejiofor Alike and Obinna Chima review the multibillion... Read more
5d
AllAfrica.com
Access Bank Consolidates PerformanceThe audited half-year results of Access Bank Plc showed that the bank is improv
Access Bank Consolidates Performance
AllAfrica.com / Posted 5 days ago
The audited half-year results of Access Bank Plc showed that the bank is improving on its performance despite the challenging operating environment, writes Goddy Egene Last week brought good news for some investors in the banking sector as two banks... Read more
2 related stories
5d
AllAfrica.com
LG Chairmen Shun Rivers Probe PanelNo fewer than 12 former chairmen of local government councils in Rivers State y
LG Chairmen Shun Rivers Probe Panel
AllAfrica.com / Posted 5 days ago
No fewer than 12 former chairmen of local government councils in Rivers State yesterday refused to appear before the Judicial Commission of Inquiry investigating the sale of valued assets of the state during the administration of former Governor... Read more
5d
AllAfrica.com
Banks in Dilemma Over Idle U.S.$5 Billion DepositsLagos — Indications emerged, yesterday, that banks in the country are now in a
Banks in Dilemma Over Idle U.S.$5 Billion Deposits
AllAfrica.com / Posted 5 days ago
Lagos — Indications emerged, yesterday, that banks in the country are now in a dilemma on what to do with an estimated $5 billion that is currently idle in their vaults. Banks, it was gathered, have their vaults full of dollars that they do not know... Read more
5d
AllAfrica.com
Why Ex-Militants' Foreign Tuition, Allowances Are Delayed, Says Amnesty OfficeThe Office of the Special Adviser to the President on Niger Delta on Tuesday ex
Why Ex-Militants' Foreign Tuition, Allowances Are Delayed, Says Amnesty Office
AllAfrica.com / Posted 5 days ago
The Office of the Special Adviser to the President on Niger Delta on Tuesday explained why the payment of tuition and allowances of ex-militants currently benefiting from the Presidential Amnesty Programme have been delayed. The spokesperson of the... Read more
6d
AllAfrica.com
Commission of Inquiry - Amaechi Diverted N3 Billion Agric LoanPort Harcourt — The judicial commission of inquiry set up by Rivers State Gover
Commission of Inquiry - Amaechi Diverted N3 Billion Agric Loan
AllAfrica.com / Posted 6 days ago
Port Harcourt — The judicial commission of inquiry set up by Rivers State Governor, Nyesom Wike, to probe the sale of valued assets of the state and select projects under former Governor Chibuike Amaechi, monday commenced public sitting in Port... Read more
6d
AllAfrica.com
DMO - Restructured Loans to Reduce States' Debt Burden By 55 Percent-97 PercentAbuja — The Director General, Debt Management Office (DMO), Mr. Abraham Nwankwo
DMO - Restructured Loans to Reduce States' Debt Burden By 55 Percent-97 Percent
AllAfrica.com / Posted 6 days ago
Abuja — The Director General, Debt Management Office (DMO), Mr. Abraham Nwankwo, monday said the recent restructuring of 11 state governments' short-term bank loans into long-term Federal Government of Nigeria (FGN) Bonds would cut their monthly debt... Read more
6d
AllAfrica.com
Senate to Partner Buhari On Anti-Graft War, Says WakiliBauchi — A senator representing Bauchi South at the National Assembly, Ali Waki
Senate to Partner Buhari On Anti-Graft War, Says Wakili
AllAfrica.com / Posted 6 days ago
Bauchi — A senator representing Bauchi South at the National Assembly, Ali Wakili, has given assurance that the Senate is committed to partnering President Muhammadu Buhari to fight corruption in the country. Wakili, who spoke during an interview... Read more
6d
AllAfrica.com
Why Commercial Banks Shun Funding Domestic LPG MarketAbuja — A communiqué at the end of the recent 2015 Commercial Week of the Niger
Why Commercial Banks Shun Funding Domestic LPG Market
AllAfrica.com / Posted 6 days ago
Abuja — A communiqué at the end of the recent 2015 Commercial Week of the Nigerian Liquefied Natural Gas (NLNG) has revealed some of the reasons why the commercial banks in Nigeria are reluctant to lend funds to the domestic Liquefied Petroleum Gas... Read more
6d
AllAfrica.com
2016 Budget - Senate Frets Over FG's Unpreparedness to Submit MTEFAbuja — The Senate is becoming uncomfortable with the perceived unpreparedness
2016 Budget - Senate Frets Over FG's Unpreparedness to Submit MTEF
AllAfrica.com / Posted 6 days ago
Abuja — The Senate is becoming uncomfortable with the perceived unpreparedness of the Muhammadu Buhari administration to submit to the National Assembly the Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Policy (FSP) ahead of the... Read more
6d
AllAfrica.com
60 Percent of Projects Fail in Nigeria - UnidoProject management experts in the country say the country records just about 39
60 Percent of Projects Fail in Nigeria - Unido
AllAfrica.com / Posted 6 days ago
Project management experts in the country say the country records just about 39 per cent success in all its projects due to variations in plans, defective planning and inefficient management resulting in 60 per cent of projects failure. Project... Read more
6d
AllAfrica.com
CBN Sets Up Centres in North America, Asia, Others to Facilitate BVN RegistrationThe Central Bank of Nigeria, CBN has named twelve approved centres across Europ
CBN Sets Up Centres in North America, Asia, Others to Facilitate BVN Registration
AllAfrica.com / Posted 6 days ago
The Central Bank of Nigeria, CBN has named twelve approved centres across Europe, North America, Asia, Middle East and Africa to facilitate the Bank Verification Number, BVN registration exercise for Nigerian banks' customers in the Diaspora. The... Read more
6d
AllAfrica.com
TSA, a Welcome PolicyLast week the Presidency issued a directive to all Federal Government Ministrie
TSA, a Welcome Policy
AllAfrica.com / Posted 6 days ago
Last week the Presidency issued a directive to all Federal Government Ministries, Departments and Agencies (MDAs) to begin retirement of their revenues into a unified account, a Treasury Single Account (TSA) maintained by the Central Bank of Nigeria... Read more
2 related stories
6d
AllAfrica.com
Probing the ProcessIn just a couple of weeks, it will be one hundred days that the president, Mr.
Probing the Process
AllAfrica.com / Posted 6 days ago
In just a couple of weeks, it will be one hundred days that the president, Mr. Muhamadu Buhari, assumed office as the elected president of Nigeria. There will be a lot of panegyrics commissioned as usual in the buyable spaces of the Nigerian media by... Read more
6d
Business Insider
Emerging market currencies are crashing because of the drop in oil pricesThe health of many middle-income and emerging market economies has been predica
Emerging market currencies are crashing because of the drop in oil prices
Business Insider / Posted 6 days ago
The health of many middle-income and emerging market economies has been predicated on relatively strong commodity prices. A whole category of countries achieved strong growth by exporting their natural resources. For example, Brazil’s impressive... Read more
6d
AllAfrica.com
Bank Debtors' List Raises More DustBy Joseph Onyekwere and Chijioke Nelson Whether or not banks - acting on a pur
Bank Debtors' List Raises More Dust
AllAfrica.com / Posted 6 days ago
By Joseph Onyekwere and Chijioke Nelson Whether or not banks - acting on a purported directive of the regulator, the Central Bank of Nigeria (CBN) - are legally right to have published names of delinquent debtors, has now become a subject of public... Read more
6d
AllAfrica.com
As Oil Firms Groan Under Low Crude Prices...With the US crude oil price falling to almost $40 per barrel last week, their l
As Oil Firms Groan Under Low Crude Prices...
AllAfrica.com / Posted 6 days ago
With the US crude oil price falling to almost $40 per barrel last week, their lowest since the global financial crisis of 2009, producers have continued to count their losses as the likelihood of a further drop to $20 looms. Ejiofor Alike... Read more
17 related stories
6d
AllAfrica.com
N322.8 Billion Debt Restructured for 11 States - DMOThe Debt Management Office (DMO) yesterday put the total value of the debt rest
N322.8 Billion Debt Restructured for 11 States - DMO
AllAfrica.com / Posted 6 days ago
The Debt Management Office (DMO) yesterday put the total value of the debt restructured for the 11 cash trapped states at N322.788 billion. With this restructuring, the states' monthly debt service have been reduced to a minimum of 55 per cent and a... Read more
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