Central Bank of Nigeria

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8h
AllAfrica.com
CBN Bars Nine Banks From Forex TransactionsThe Central Bank of Nigeria has barred nine deposit money banks from all foreig
CBN Bars Nine Banks From Forex Transactions
AllAfrica.com / Posted 8 hours ago
The Central Bank of Nigeria has barred nine deposit money banks from all foreign exchange transactions and operations, pending the remittance of $2.12 billion dollars belonging to the Nigeria National Petroleum Corporations to the Treasury Single... Read more
8h
AllAfrica.com
Economic Woes - Hundreds of Factories Close Downmismatch. He lamented the repercussion of the exclusion of 41 items from acces
Economic Woes - Hundreds of Factories Close Down
AllAfrica.com / Posted 8 hours ago
mismatch. He lamented the repercussion of the exclusion of 41 items from accessing FX from the official markets by the Central Bank of Nigeria, saying that about 50 large factories closed down this year alone. In his presentation, the... Read more
10h
AllAfrica.com
Aliko Dangote Unveils Nigeria's First Fintech Bankfull-fledged technology bank, SunTrust Bank. SunTrust Bank is the first region
Aliko Dangote Unveils Nigeria's First Fintech Bank
AllAfrica.com / Posted 10 hours ago
full-fledged technology bank, SunTrust Bank. SunTrust Bank is the first regional bank to receive a new license by the Central Bank of Nigeria (CBN) since 2001 and the first full-fledged financial technology bank in Nigeria. The Bank is the... Read more
11h
AllAfrica.com
National Assembly Slashes CBN's Budget By 50%Abuja — The National Assembly has reduced the budget of the Central Bank of Nig
National Assembly Slashes CBN's Budget By 50%
AllAfrica.com / Posted 11 hours ago
Abuja — The National Assembly has reduced the budget of the Central Bank of Nigeria (CBN) by 50 per cent.The director of the Bank in charge of Financial System Stability (FSS) 20:2020 Implementation Committee, Suleyman Mohammed, disclosed this in... Read more
11h
AllAfrica.com
CBN Suspends 9 Banks From Forex TransactionsThe Central Bank of Nigeria, CBN, yesterday, suspended nine banks from further
CBN Suspends 9 Banks From Forex Transactions
AllAfrica.com / Posted 11 hours ago
The Central Bank of Nigeria, CBN, yesterday, suspended nine banks from further dealing in foreign exchange transactions, until they remit all outstanding Nigerian National Petroleum Corporation, NNPC, funds in their vaults into the Treasury Single... Read more
16h
AllAfrica.com
Ipman Plans to Crash Prices of Petrol, Keroseneof Nigeria (IPMAN) has said it plans to crash the pump prices of petrol and ker
Ipman Plans to Crash Prices of Petrol, Kerosene
AllAfrica.com / Posted 16 hours ago
of Nigeria (IPMAN) has said it plans to crash the pump prices of petrol and kerosene in the country as soon as the Central Bank of Nigeria (CBN) and the federal government fulfill their strategies to buoy the naira against the dollar and... Read more
16h
AllAfrica.com
Nigeria's Economy Sinks Deeperwill be functioning to some reasonable capacity," he said. ‎He also commended
Nigeria's Economy Sinks Deeper
AllAfrica.com / Posted 16 hours ago
will be functioning to some reasonable capacity," he said. ‎He also commended the new flexible exchange rate policy of the Central Bank of Nigeria ( CBN), expressing hopes that the foreign exchange will stabilise, confidence will be restored and... Read more
16h
AllAfrica.com
'U.S.$10 Billion Trapped Outside Nigeria Due to Doubtful Policies'manufacturers and small businesses in the country, Tuesday, stated that the pol
'U.S.$10 Billion Trapped Outside Nigeria Due to Doubtful Policies'
AllAfrica.com / Posted 16 hours ago
manufacturers and small businesses in the country, Tuesday, stated that the policies of the Federal Government and the Central Bank of Nigeria, CBN, are killing businesses in the country, while they stated that due to the unfavourable policies,... Read more
16h
AllAfrica.com
U.S.$10 Billion Trapped Outside Nigeria Due to FG, CBN Policies - OPSmanufacturers and small businesses in the country, Tuesday, stated that the pol
U.S.$10 Billion Trapped Outside Nigeria Due to FG, CBN Policies - OPS
AllAfrica.com / Posted 16 hours ago
manufacturers and small businesses in the country, Tuesday, stated that the policies of the Federal Government and the Central Bank of Nigeria, CBN, are killing businesses in the country, while they stated that due to the unfavourable policies,... Read more
16h
AllAfrica.com
Customs, Importers Bicker Over Exchange Rate Differentialsimporters pay duties for their goods, which Form "M" was opened before the intr
Customs, Importers Bicker Over Exchange Rate Differentials
AllAfrica.com / Posted 16 hours ago
importers pay duties for their goods, which Form "M" was opened before the introduction of flexible exchange rate by the Central Bank of Nigeria, CBN. However, the importers are protesting the enforcement of the newly introduced market... Read more
16h
AllAfrica.com
Central Bank of Nigeria Bars Nine Banks From Forex Transactionsmuch awaited flexible foreign exchange market policy. The highlights, which ar
Central Bank of Nigeria Bars Nine Banks From Forex Transactions
AllAfrica.com / Posted 16 hours ago
much awaited flexible foreign exchange market policy. The highlights, which are key notes and agreements reached by the Central Bank of Nigeria (CBN), were released on Wednesday, weeks after the Monetary Policy Committee announced the... Read more
16h
AllAfrica.com
List of Banks Barred From Forex Transactions By Central Bank of Nigeriato report, followed the investigation revealed. The highlights, which are key
List of Banks Barred From Forex Transactions By Central Bank of Nigeria
AllAfrica.com / Posted 16 hours ago
to report, followed the investigation revealed. The highlights, which are key notes and agreements reached by the Central Bank of Nigeria (CBN), were released on Wednesday, weeks after the Monetary Policy Committee announced the... Read more
1d
AllAfrica.com
Hooray! Kebbi State Is 25It is gratifying to note that the anchor borrowers' programme launched by Presi
Hooray! Kebbi State Is 25
AllAfrica.com / Posted yesterday
It is gratifying to note that the anchor borrowers' programme launched by President Muhammadu Buhari and facilitated by the Central Bank of Nigeria and Bank of Agriculture in collaboration with the state government has boosted the production of rice... Read more
1d
AllAfrica.com
African Press Review 23 August 2016Nigerian newspaper, says hundreds of banks in the country are facing hefty fine
African Press Review 23 August 2016
AllAfrica.com / Posted yesterday
Nigerian newspaper, says hundreds of banks in the country are facing hefty fines for violating a directive of the Central Bank of Nigeria on the purchase and sale of forex. It reports that the central bank issued a statement on Monday... Read more
70 related stories
1d
AllAfrica.com
CBN Orders Banks to Sell 60 Percent Forex to ManufacturersThe Central Bank of Nigeria, CBN, yesterday, ordered Authorised Dealers (banks)
CBN Orders Banks to Sell 60 Percent Forex to Manufacturers
AllAfrica.com / Posted yesterday
The Central Bank of Nigeria, CBN, yesterday, ordered Authorised Dealers (banks) to allocate 60 per cent of their total Foreign Exchange, forex purchases from all sources (interbank inclusive) to manufacturers and 40 per cent to other users for the... Read more
2d
AllAfrica.com
Sanitising Nigeria's U.S.$35 Billion Remittance Market to Boost Forex Inflowhad depreciated by about 36 per cent this year, was prompted by increased dolla
Sanitising Nigeria's U.S.$35 Billion Remittance Market to Boost Forex Inflow
AllAfrica.com / Posted 2 days ago
had depreciated by about 36 per cent this year, was prompted by increased dollar supply occasioned by the directive of the Central Bank of Nigeria (CBN) that banks should sell proceeds of international money transfer (IMT) to bureau de changes... Read more
2d
AllAfrica.com
Tightened Liquidity in Banks Pushes Up Interest RatesInterest rates may come under fresh pressure as Central Bank of Nigeria, CBN, c
Tightened Liquidity in Banks Pushes Up Interest Rates
AllAfrica.com / Posted 2 days ago
Interest rates may come under fresh pressure as Central Bank of Nigeria, CBN, continued its contractionary monetary policy measures last week, squeezing out about N441.2 billion from the financial system, thereby pushing rates up to 25.6 per cent for... Read more
2d
AllAfrica.com
NPF Microfinance Bank Unveils 11 BranchesLagos — The Central Bank of Nigeria (CBN) has approved the request of managemen
NPF Microfinance Bank Unveils 11 Branches
AllAfrica.com / Posted 2 days ago
Lagos — The Central Bank of Nigeria (CBN) has approved the request of management of the NPF Microfinance Bank for establishment of 11 more branches across the country. The apex bank conveyed the approval in a letter signed by Mrs. A.O Kako on behalf... Read more
2d
AllAfrica.com
CBN Mops Up N1.3 Trillion in 60 Days to Stabilise Economyeconomic stability is behind the persistent liquidity mop up in the last 60 day
CBN Mops Up N1.3 Trillion in 60 Days to Stabilise Economy
AllAfrica.com / Posted 2 days ago
economic stability is behind the persistent liquidity mop up in the last 60 days, which has reached N1.3 trillion. The Central Bank of Nigeria (CBN), has in the period under review, raised its frequency in using the Open Market Operations (OMO)... Read more
2d
AllAfrica.com
Nigeria's Godwin Emefiele Elected President African Central Bank Governors ForumThe Assembly of Governors of the Association of African Central Bank Governors
Nigeria's Godwin Emefiele Elected President African Central Bank Governors Forum
AllAfrica.com / Posted 2 days ago
The Assembly of Governors of the Association of African Central Bank Governors (AACB) has elected the Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele as the President of the Forum for the 2016 - 2017 year. Elected, alongside Mr.... Read more
2d
AllAfrica.com
Banks' Returns On Forex Utilisation Show Reduction in Capital OutflowsFX transactions by the aforementioned investment banks used to dominate Stanbic
Banks' Returns On Forex Utilisation Show Reduction in Capital Outflows
AllAfrica.com / Posted 2 days ago
FX transactions by the aforementioned investment banks used to dominate Stanbic IBTC's FX returns publication. The Central Bank of Nigeria (CBN) ditched its 16-month old peg on the naira in June and introduced a flexible exchange rate... Read more
3 related stories
2d
AllAfrica.com
CBN, NBET Negotiate Fresh N180 Billion Fiscal Stimulus for Power SectorAbuja — The Nigerian Bulk Electricity Trading Plc (NBET) and Central Bank of Ni
CBN, NBET Negotiate Fresh N180 Billion Fiscal Stimulus for Power Sector
AllAfrica.com / Posted 2 days ago
Abuja — The Nigerian Bulk Electricity Trading Plc (NBET) and Central Bank of Nigeria (CBN) are currently negotiating new financial stimulus worth N180 billion to support electricity operators in Nigeria's power sector, THISDAY has learnt. The paper... Read more
2d
AllAfrica.com
SMEs Non-Oil Intervention Fund - Group Lauds Govt On Policieson the economy through international trade. Speaking in Lagos, Chairman of the
SMEs Non-Oil Intervention Fund - Group Lauds Govt On Policies
AllAfrica.com / Posted 2 days ago
on the economy through international trade. Speaking in Lagos, Chairman of the Group, Ade Adefeko, demanded that the Central Bank of Nigeria, CBN revisit the restriction of the use of non-oil and export proceeds as well as the suspension of... Read more
2d
Stamford Advocate
There's one move that almost always sets off chaos in the currency marketcountry pegged the naira to the dollar a few years ago to help stabilize the cu
There's one move that almost always sets off chaos in the currency market
Stamford Advocate / Posted 2 days ago
country pegged the naira to the dollar a few years ago to help stabilize the currency. But amid lower oil prices, the Central Bank of Nigeria had to spend about 20% of its foreign reserves defending the peg from late 2014 to June 2016,... Read more
3 related stories
2d
Connecticut Post
There's one move that almost always sets off chaos in the currency marketcountry pegged the naira to the dollar a few years ago to help stabilize the cu
There's one move that almost always sets off chaos in the currency market
Connecticut Post / Posted 2 days ago
country pegged the naira to the dollar a few years ago to help stabilize the currency. But amid lower oil prices, the Central Bank of Nigeria had to spend about 20% of its foreign reserves defending the peg from late 2014 to June 2016,... Read more
3 related stories
2d
San Francisco Chronicle
There's one move that almost always sets off chaos in the currency marketcountry pegged the naira to the dollar a few years ago to help stabilize the cu
There's one move that almost always sets off chaos in the currency market
San Francisco Chronicle / Posted 2 days ago
country pegged the naira to the dollar a few years ago to help stabilize the currency. But amid lower oil prices, the Central Bank of Nigeria had to spend about 20% of its foreign reserves defending the peg from late 2014 to June 2016,... Read more
3 related stories
3d
Business Insider
There's one move that almost always sets off chaos in the currency marketcountry pegged the naira to the dollar a few years ago to help stabilize the cu
There's one move that almost always sets off chaos in the currency market
Business Insider / Posted 3 days ago
country pegged the naira to the dollar a few years ago to help stabilize the currency. But amid lower oil prices, the Central Bank of Nigeria had to spend about 20% of its foreign reserves defending the peg from late 2014 to June 2016,... Read more
3 related stories
3d
AllAfrica.com
Buhari Becomes First President to Visit CBN Head OfficeBank Governors recorded a milestone - It witnessed the presence of President Mu
Buhari Becomes First President to Visit CBN Head Office
AllAfrica.com / Posted 3 days ago
Bank Governors recorded a milestone - It witnessed the presence of President Muhammadu Buhari inside the head office of the Central Bank of Nigeria in Abuja, the first time a Nigerian President would visit the apex bank's headquarters since the... Read more
3d
AllAfrica.com
Serap to FG - Find Out Truth About Missing $12.4 Billion Oil Windfallfunds." "SERAP notes that the Federal Government in 1994 set up the Pius Okigb
Serap to FG - Find Out Truth About Missing $12.4 Billion Oil Windfall
AllAfrica.com / Posted 3 days ago
funds." "SERAP notes that the Federal Government in 1994 set up the Pius Okigbo Panel to investigate the activities of the Central Bank of Nigeria and recommend measures for the re-organization of the Bank. In the course of its assignment the... Read more
4d
AllAfrica.com
Concerns Over Casualisation of Labour in Bankscutting and profit maximization. It heightened with the establishment of many b
Concerns Over Casualisation of Labour in Banks
AllAfrica.com / Posted 4 days ago
cutting and profit maximization. It heightened with the establishment of many banks in the 1990s and escalated during the Central Bank of Nigeria's bank consolidation and recapitalization exercise in 2006. Years after the recapitalization process,... Read more
5d
AllAfrica.com
CBN Says Skye Bank Not DistressedThe Central Bank of Nigeria (CBN) has refuted messages being circulated in some
CBN Says Skye Bank Not Distressed
AllAfrica.com / Posted 5 days ago
The Central Bank of Nigeria (CBN) has refuted messages being circulated in some quarters that Skye Bank has been liquidated by the CBN. Mr. Isaac Okorafor, the Ag. Director, Corporate Communications in a statement yesterday said the message urging... Read more
3 related stories
5d
AllAfrica.com
NIRSAL Launches Rail Haulage for Cattle, Agric Producelike NIRSAL, CBN and ministries to initiate policies towards achieving the obje
NIRSAL Launches Rail Haulage for Cattle, Agric Produce
AllAfrica.com / Posted 5 days ago
like NIRSAL, CBN and ministries to initiate policies towards achieving the objectives. NIRSAL is an initiative of the Central Bank of Nigeria to promote the agricultural value chain. He stressed that NIRSAL only guaranteed serious agric... Read more
5d
AllAfrica.com
Manufacturers Groan As Capacity Utilisation Falls Below 20 Percentflows are repatriated to their countries of origin with minimal bureaucratic hi
Manufacturers Groan As Capacity Utilisation Falls Below 20 Percent
AllAfrica.com / Posted 5 days ago
flows are repatriated to their countries of origin with minimal bureaucratic hitches." In his remarks, the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, said the theme of the 2016 Governors' Symposium tagged: "Unwinding... Read more
4 related stories
5d
AllAfrica.com
Buhari Calls for Removal of Bureaucratic Hitchesprescriptions handed down from abroad. The world is a dynamic place and with in
Buhari Calls for Removal of Bureaucratic Hitches
AllAfrica.com / Posted 5 days ago
prescriptions handed down from abroad. The world is a dynamic place and with innovation, we can survive. "In Nigeria, the Central Bank of Nigeria has for many years spearheaded economic stimulus measures through specific intervention programmes. I... Read more
4 related stories
5d
AllAfrica.com
Ogun Assembly Approves N5 Billion Credit Facility for FarmersOgun State House of Assembly has granted an approval for the State government's
Ogun Assembly Approves N5 Billion Credit Facility for Farmers
AllAfrica.com / Posted 5 days ago
Ogun State House of Assembly has granted an approval for the State government's request to access the sum of N5bn from the Central Bank of Nigeria (CBN) Commercial Agricultural Credit Scheme facility from Sterling Bank. The approval, it was... Read more
5d
AllAfrica.com
Lamentations Over Hike in Interest RatesThe Central Bank of Nigeria (CBN) recently increased the Monetary Policy Rate (
Lamentations Over Hike in Interest Rates
AllAfrica.com / Posted 5 days ago
The Central Bank of Nigeria (CBN) recently increased the Monetary Policy Rate (MPR) from 12% to 14%, leading to fears that lending rates by money deposit banks will also rise correspondingly. The MPR is a major determinant of interest rates at which... Read more
5d
AllAfrica.com
Buhari Calls for Homegrown Solutions to Economic Challengesprescriptions handed down from abroad. The world is a dynamic place and with in
Buhari Calls for Homegrown Solutions to Economic Challenges
AllAfrica.com / Posted 5 days ago
prescriptions handed down from abroad. The world is a dynamic place and with innovation, we can survive. "In Nigeria, the Central Bank of Nigeria has for many years spearheaded economic stimulus measures through specific intervention programmes. I... Read more
4 related stories
5d
AllAfrica.com
Africa's Economic Crisis - Buhari Seeks Home-Grown SolutionsSession of the Assembly of Governors of the Association of African Central Bank
Africa's Economic Crisis - Buhari Seeks Home-Grown Solutions
AllAfrica.com / Posted 5 days ago
Session of the Assembly of Governors of the Association of African Central Banks (AACB) in Abuja, being hosted by the Central Bank of Nigeria (CBN), entitled 'Unwinding unconventional Monetary Policies: Implications For Monetary Policy and... Read more
5d
AllAfrica.com
Buhari Says Africa Can Survive Economic Challenges With Home-Grown Innovationsdown from abroad. "The world is a dynamic place and with innovation, we can su
Buhari Says Africa Can Survive Economic Challenges With Home-Grown Innovations
AllAfrica.com / Posted 5 days ago
down from abroad. "The world is a dynamic place and with innovation, we can survive." President Buhari noted that the Central Bank of Nigeria had for many years spearheaded economic stimulus measures through specific intervention... Read more
4 related stories
5d
AllAfrica.com
Buhari Declares Open Annual Meeting of Association of African Central Bankswere the Chairman, Association of African Central Banks (AACB) Mr Lucas Abaga N
Buhari Declares Open Annual Meeting of Association of African Central Banks
AllAfrica.com / Posted 5 days ago
were the Chairman, Association of African Central Banks (AACB) Mr Lucas Abaga Nchama, Vice Chairman of AACB and Governor Central Bank of Nigeria, Mr Godwin Emefiele and Chairman, Senate committee on banking, insurance and other financial... Read more
5d
AllAfrica.com
Monetary Policy Alone Cannot Improve Economy... we are determined to diversify the economy away from the excessive reliance
Monetary Policy Alone Cannot Improve Economy
AllAfrica.com / Posted 5 days ago
... we are determined to diversify the economy away from the excessive reliance on oil and other primary products." The Central Bank of Nigeria (CBN) raised interest rate last month. The decision is alreday affecting manufaturers as it is... Read more
5d
AllAfrica.com
Buhari and the Struggle to Revamp an Ailing Economyby lawyers as one of the reasons for the clear economic direction and the polic
Buhari and the Struggle to Revamp an Ailing Economy
AllAfrica.com / Posted 5 days ago
by lawyers as one of the reasons for the clear economic direction and the policy somersaults and inconsistencies by the Central Bank of Nigeria. In trying to move Nigeria out of the recession and reclaim its place as the number one economy in... Read more
2 related stories
6d
AllAfrica.com
Why Some States Can't Access N90 Billion Federal Bailout - VP Yemi Osinbajoat the issues, even with the budget. Look at agriculture. Wheat and rice farmer
Why Some States Can't Access N90 Billion Federal Bailout - VP Yemi Osinbajo
AllAfrica.com / Posted 6 days ago
at the issues, even with the budget. Look at agriculture. Wheat and rice farmers. The Anchor Borrowers' Programme of the Central Bank of Nigeria (CBN) had engaged the rice farmers. Many of the rice farmers did not prefer subsidies on fertilizer.... Read more
6d
AllAfrica.com
Question Buhari Should Ponder Aboutwas the essence of the Teens Career Conference held last Saturday in my church
Question Buhari Should Ponder About
AllAfrica.com / Posted 6 days ago
was the essence of the Teens Career Conference held last Saturday in my church for which we had the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele; the former Chairperson, Federal Inland Revenue Service (FIRS) and current... Read more
6d
AllAfrica.com
Invest in ICT for Economic Growth, Systemspecs Tells Govtstill being owed its one per cent service charge, to be shared in an agreed for
Invest in ICT for Economic Growth, Systemspecs Tells Govt
AllAfrica.com / Posted 6 days ago
still being owed its one per cent service charge, to be shared in an agreed formula with Deposit Money Banks (DMBs) and the Central Bank of Nigeria (CBN). Despite the setback, Atanda maintained that SystemSpecs remains undaunted considering the... Read more
6d
AllAfrica.com
Skye Bank Neither Distressed, Liquidated, CBN InsistsThe Central Bank of Nigeria (CBN) Wednesday reiterated that Skye Bank Plc is ne
Skye Bank Neither Distressed, Liquidated, CBN Insists
AllAfrica.com / Posted 6 days ago
The Central Bank of Nigeria (CBN) Wednesday reiterated that Skye Bank Plc is neither distressed nor liquidated. The central bank said its attention was drawn to the content of a malicious message urging customers of Skye Bank to withdraw their... Read more
3 related stories
6d
AllAfrica.com
Dwindling Oil Revenue - Ebonyi Targets 1 Million Metric Ton of Rice Per Yearproduction. Governor David Umahi of Ebonyi state stated this in Abakaliki loca
Dwindling Oil Revenue - Ebonyi Targets 1 Million Metric Ton of Rice Per Year
AllAfrica.com / Posted 6 days ago
production. Governor David Umahi of Ebonyi state stated this in Abakaliki local government area during the flag off of Central Bank of Nigeria, CBN Anchor Borrowers Programme in the state. Represented by the Secretary to the State government,... Read more
6d
AllAfrica.com
CBN Denies Liquidating Skye Bank, Says Not DistressedThe Central Bank of Nigeria (CBN) has advised customers and other stakeholders
CBN Denies Liquidating Skye Bank, Says Not Distressed
AllAfrica.com / Posted 6 days ago
The Central Bank of Nigeria (CBN) has advised customers and other stakeholders of Skye Bank to disregard any message purporting a liquidation of the bank. This is contained in a statement by the Acting Director, Communications, Isaac Okorafor, in... Read more
3 related stories
6d
AllAfrica.com
CBN Trains 6,500 North East Youths On EntrepreneurshipNo fewer than 6, 500 persons in the North East were trained by the Central Bank
CBN Trains 6,500 North East Youths On Entrepreneurship
AllAfrica.com / Posted 6 days ago
No fewer than 6, 500 persons in the North East were trained by the Central Bank of Nigeria (CBN) under its Youths Innovative Entrepreneurship Development Programme (YIEDP) in the last two years. Alhaji Abubakar Gusau, the Managing Director, A and I... Read more
6d
AllAfrica.com
Sugar Imports Hit U.S.$227 Million in 7 Monthsand Bukola Idowu Nigeria imported $227 million worth of sugar in the first sev
Sugar Imports Hit U.S.$227 Million in 7 Months
AllAfrica.com / Posted 6 days ago
and Bukola Idowu Nigeria imported $227 million worth of sugar in the first seven months of this year, a report by the Central Bank of Nigeria (CBN) has revealed. According to the CBN's compilation of funds used for sugar imports obtained by... Read more
3 related stories
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