Central Bank of Nigeria

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9h
AllAfrica.com
Ezekwesili Faults Buhari's 'Command and Control' Economic Policiesof Nigerians.The former Vice President of the World Bank, who also faulted gove
Ezekwesili Faults Buhari's 'Command and Control' Economic Policies
AllAfrica.com / Posted 9 hours ago
of Nigerians.The former Vice President of the World Bank, who also faulted government's manipulation of the policies of the Central Bank of Nigeria (CBN), called on the authorities to give a free hand to the apex bank, to perform its constitutional... Read more
2d
AllAfrica.com
The Make or Mar Revenue Target for Customsnaira had slumped 18 per cent against the dollar as oil prices collapsed by alm
The Make or Mar Revenue Target for Customs
AllAfrica.com / Posted 2 days ago
naira had slumped 18 per cent against the dollar as oil prices collapsed by almost half since June 2014. This prompted the Central Bank of Nigeria (CBN) to lower banks' trading limits and introduce a new dealing system since February 2015. This has... Read more
2d
AllAfrica.com
Flour Mills Makes History With Nigeria's Largest Agro-Allied InvestmentsGovernment through the National Sugar Development Council and has been partly f
Flour Mills Makes History With Nigeria's Largest Agro-Allied Investments
AllAfrica.com / Posted 2 days ago
Government through the National Sugar Development Council and has been partly financed with a N25 billion loan from the Central Bank of Nigeria at subsidised interest rate. The Governor of CBN, Godwin Emefiele, visited the sugar project last... Read more
3d
AllAfrica.com
Forex - Sales Dwindle As Commodity Prices Shootdollar at the parallel market as at yesterday was N322 to a dollar, double the
Forex - Sales Dwindle As Commodity Prices Shoot
AllAfrica.com / Posted 3 days ago
dollar at the parallel market as at yesterday was N322 to a dollar, double the official exchange rate fixed at N199 by the Central Bank of Nigeria (CBN). Most importers are now sourcing the forex in the parallel market. From Lagos Mainland to the... Read more
3d
AllAfrica.com
Religious Studies Won't Be Forced On Students - NEERDCAdministration and Control also want to be incorporated into the curriculum. No
Religious Studies Won't Be Forced On Students - NEERDC
AllAfrica.com / Posted 3 days ago
Administration and Control also want to be incorporated into the curriculum. Now, we are facing financial literacy from the Central Bank of Nigeria. We are being faced by challenges and we realized that it's only in the school system that you solve... Read more
3d
AllAfrica.com
How Finance Minister Kemi Adeosun 'Tamed' the IMFbut which now Nigeria imports at high cost. Production of both commodities is r
How Finance Minister Kemi Adeosun 'Tamed' the IMF
AllAfrica.com / Posted 3 days ago
but which now Nigeria imports at high cost. Production of both commodities is receiving special funding support from the Central Bank of Nigeria via a programme called ANCHOR Borrowers Programme in which 78,000 farmers were engaged in Kebbi State... Read more
3d
AllAfrica.com
Revenue Collection - Banks' Withdrawal of Service May Impede Operations of TSA, Systemspec Warnsthe firm that developed the Remita software used for the transfer of government
Revenue Collection - Banks' Withdrawal of Service May Impede Operations of TSA, Systemspec Warns
AllAfrica.com / Posted 3 days ago
the firm that developed the Remita software used for the transfer of government's funds from commercial banks to the Central Bank of Nigeria (CBN) under the TSA, Mr. John Obaro, said this in an interview with THISDAY in Lagos wednesday. He... Read more
3d
AllAfrica.com
Rekindling Hope for a More Robust Economyend of the meeting". CBN's Interventions To boost growth in an economy that h
Rekindling Hope for a More Robust Economy
AllAfrica.com / Posted 3 days ago
end of the meeting". CBN's Interventions To boost growth in an economy that has been hit by plummeting oil prices, the Central Bank of Nigeria (CBN), under the watch of Godwin Emefiele has adopted several measures to strengthen the Naira and... Read more
3d
AllAfrica.com
House Agrees to Remove Alterations in the BudgetAids, Loans and Debts Management to investigate the usage of the N213 billion i
House Agrees to Remove Alterations in the Budget
AllAfrica.com / Posted 3 days ago
Aids, Loans and Debts Management to investigate the usage of the N213 billion intervention fund provided by the Central Bank of Nigeria (CBN) in 2015 through the Nigerian Electricity Sector Intervention facility. The resolutions of the... Read more
3d
AllAfrica.com
Reps Halt N309 Billion Electricity Bondvoice vote. Moving the motion, Pwajok expressed concern that the planned massi
Reps Halt N309 Billion Electricity Bond
AllAfrica.com / Posted 3 days ago
voice vote. Moving the motion, Pwajok expressed concern that the planned massive borrowing was in spite of intervention by Central Bank of Nigeria (CBN) in March 25, 2015, through the grant of a bailout. According to him, the bailout is to the... Read more
3d
AllAfrica.com
Lagos Completes N167 Billion Bond Restructuringadministration and Lagos State did not partake in the recent bail-outs provided
Lagos Completes N167 Billion Bond Restructuring
AllAfrica.com / Posted 3 days ago
administration and Lagos State did not partake in the recent bail-outs provided either by the Federal Government DMO or the Central Bank of Nigeria (CBN)." He said the Chapel Hill Denham acted as Financial Adviser to the Lagos State on the... Read more
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3d
AllAfrica.com
Naira Depreciates Slightly At Parallel Marketweakening further against the Pound. Meanwhile, the Nigerian currency maintain
Naira Depreciates Slightly At Parallel Market
AllAfrica.com / Posted 3 days ago
weakening further against the Pound. Meanwhile, the Nigerian currency maintained N197 to the dollar at the official Central Bank of Nigeria (CBN's) rate. Traders at the market complained of low activities but however, expressed delight at... Read more
3d
AllAfrica.com
Lagos Completes Restructuring of N167.5 Billion Bond Seriesadministration and Lagos State did not partake in the recent bail-outs provided
Lagos Completes Restructuring of N167.5 Billion Bond Series
AllAfrica.com / Posted 3 days ago
administration and Lagos State did not partake in the recent bail-outs provided either by the Federal Government DMO or the Central Bank of Nigeria (CBN)," the Commissioner said. He said the Chapel Hill Denham acted as Financial Adviser to the... Read more
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3d
AllAfrica.com
Alleged N400 Million Fraud - Court Adjourns Metuh's Trial to May 16prosecute the war against insurgency in the country. It said the fund was elec
Alleged N400 Million Fraud - Court Adjourns Metuh's Trial to May 16
AllAfrica.com / Posted 3 days ago
prosecute the war against insurgency in the country. It said the fund was electronically wired from an account ONSA operated with the Central Bank of Nigeria, CBN, to Metuh, via account no. 0040437573, which his firm operated with Diamond Bank... Read more
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3d
AllAfrica.com
Lagos Completes Restructuring of N167.5 Billion Bondadministration and Lagos State did not partake in the recent bail-outs provided
Lagos Completes Restructuring of N167.5 Billion Bond
AllAfrica.com / Posted 3 days ago
administration and Lagos State did not partake in the recent bail-outs provided either by the Federal Government DMO or the Central Bank of Nigeria (CBN)," the Commissioner said. He said the Chapel Hill Denham acted as Financial Adviser to the... Read more
2 related stories
3d
AllAfrica.com
EFCC's Ex-Boss Initiated U.S.$6 Million No Prosecution Deal With Suspect, Says Adokeagency under the chairmanship of Mrs. Farida Waziri, with the said sum duly pai
EFCC's Ex-Boss Initiated U.S.$6 Million No Prosecution Deal With Suspect, Says Adoke
AllAfrica.com / Posted 3 days ago
agency under the chairmanship of Mrs. Farida Waziri, with the said sum duly paid into a Federal Government account with the Central Bank of Nigeria (CBN). According to Adoke, it was the EFCC that initiated the settlements and nominated Mr. Godwin... Read more
3d
AllAfrica.com
Reps Oppose FG's Plan to Secure N309 Billion Bond to Finance Shortfall in Electricity MarketPower, Privatisation and Commercialisation, Aids, Loans and Debts Management to
Reps Oppose FG's Plan to Secure N309 Billion Bond to Finance Shortfall in Electricity Market
AllAfrica.com / Posted 3 days ago
Power, Privatisation and Commercialisation, Aids, Loans and Debts Management to investigate the usage of the N213 billion intervention fund provided by the Central Bank of Nigeria in 2015 through the Nigerian Electricity Sector Intervention facil... Read more
3d
AllAfrica.com
Boost for Economic DiversificationObinna Chima examines contribution of the Anchor Borrowers' Programme, a develo
Boost for Economic Diversification
AllAfrica.com / Posted 3 days ago
Obinna Chima examines contribution of the Anchor Borrowers' Programme, a development finance initiative of the Central Bank of Nigeria towards the federal government's drive towards economic diversification. Since the inauguration of the... Read more
4d
AllAfrica.com
13 Reasons Fuel Crisis Persists in Nigeriaand supply petroleum products are unable to do so due to lack of foreign exchan
13 Reasons Fuel Crisis Persists in Nigeria
AllAfrica.com / Posted 4 days ago
and supply petroleum products are unable to do so due to lack of foreign exchange following the restriction imposed by the Central Bank of Nigeria on access to FOREX by some importers. Some fuel marketers are hardly able to access dollars and open... Read more
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4d
AllAfrica.com
Finance Minister Refunds N140 Million, Surrenders Two Housesover various sums of money, which were paid into her account, including the N2.
Finance Minister Refunds N140 Million, Surrenders Two Houses
AllAfrica.com / Posted 4 days ago
over various sums of money, which were paid into her account, including the N2.5 billion which was transferred out of Central Bank of Nigeria, CBN, into her account. In addition, N140 million cash was allegedly paid into her Zenith Bank... Read more
4d
AllAfrica.com
Govt to Promote Oil Palm, Cassava Productionopportunities for the people. The Governor who spoke yesterday when he receive
Govt to Promote Oil Palm, Cassava Production
AllAfrica.com / Posted 4 days ago
opportunities for the people. The Governor who spoke yesterday when he received the Port Harcourt Branch Controller of the Central Bank of Nigeria (CBN), said that the administration would focus on oil palm and cassava allocated to the state by the... Read more
4d
AllAfrica.com
Katsina to Provide Platform for Foreign, Local InvestorsDr. Okechukwu Enelamah, the President, African Development Bank, Dr. Akinwumi A
Katsina to Provide Platform for Foreign, Local Investors
AllAfrica.com / Posted 4 days ago
Dr. Okechukwu Enelamah, the President, African Development Bank, Dr. Akinwumi Adesina; as well as the Governor of Central Bank of Nigeria, Mr. Godwin Emefile. On Security, the Chairman said Katsina State remained the most peaceful state... Read more
4d
AllAfrica.com
Union Bank's Smarter Banking Mantra Continues to Pay Offramifications. However, UBN lost its top position as a result of the financial
Union Bank's Smarter Banking Mantra Continues to Pay Off
AllAfrica.com / Posted 4 days ago
ramifications. However, UBN lost its top position as a result of the financial crisis that led to the intervention of the Central Bank of Nigeria. Although the bank has returned to profitability, it recorded a dip in 2015, a year that many banks... Read more
4d
AllAfrica.com
Economic Challenges Hurting the Real Estate Sectorpolicy tightening, which resulted to the hiking of the monetary policy rate (MP
Economic Challenges Hurting the Real Estate Sector
AllAfrica.com / Posted 4 days ago
policy tightening, which resulted to the hiking of the monetary policy rate (MPR) by 100 bps to 12.00 per cent by the Central Bank of Nigeria (CBN) is hampering the growth of the sector. Following the shocking inflation data for March... Read more
4d
AllAfrica.com
Curtailing Revenue Leakages in Maritime Sectorrevenue for development. To reverse the trend, they called on the federal gove
Curtailing Revenue Leakages in Maritime Sector
AllAfrica.com / Posted 4 days ago
revenue for development. To reverse the trend, they called on the federal government to review all 'bad policies', such as Central Bank of Nigeria (CBN) FOREX restriction on certain items, investigate thoroughly alleged malpractices in shipping... Read more
5d
AllAfrica.com
'Forex Restriction, Huge Opportunity for New Investments - FirstBank MDFirstBank of Nigeria Limited, Dr. Adesola Adeduntan, said, yesterday, that fore
'Forex Restriction, Huge Opportunity for New Investments - FirstBank MD
AllAfrica.com / Posted 5 days ago
FirstBank of Nigeria Limited, Dr. Adesola Adeduntan, said, yesterday, that foreign exchange restriction on 41 items by the Central Bank of Nigeria (CBN) has refined trade protectionism policies and thrown up huge investment opportunities across the... Read more
5d
AllAfrica.com
'Currency Swap Deal Will Reduce Forex Pressures, Speculations'of exchange rate risk being suffered by importers. He however said that with t
'Currency Swap Deal Will Reduce Forex Pressures, Speculations'
AllAfrica.com / Posted 5 days ago
of exchange rate risk being suffered by importers. He however said that with this development, there was a need for the Central Bank of Nigeria (CBN) to increase the portion of the country's foreign exchange reserves held in the Chinese currency... Read more
2 related stories
5d
AllAfrica.com
Oil Revenue Dips N1.1 Trillion in One Yearfrom the sale of crude oil dipped by N1.114 trillion to N1.86 trillion in the 2
Oil Revenue Dips N1.1 Trillion in One Year
AllAfrica.com / Posted 5 days ago
from the sale of crude oil dipped by N1.114 trillion to N1.86 trillion in the 2015 fiscal year, data obtained from the Central Bank of Nigeria, CBN, has revealed. The N1.114 trillion decline represents 18.35 per cent of Nigeria's 2016 budget... Read more
5d
AllAfrica.com
Govt Accumulates N2 Trillion Through Treasury Single AccountMinistries, Departments and Agencies (MDAs) by way of deposit into commercial b
Govt Accumulates N2 Trillion Through Treasury Single Account
AllAfrica.com / Posted 5 days ago
Ministries, Departments and Agencies (MDAs) by way of deposit into commercial banks, traceable into a single account at the Central Bank of Nigeria (CBN). "This administration has decided to plug all financial loopholes through the Treasury Single... Read more
6d
AllAfrica.com
Kebbi 1 Million Metric Tonnes of Rice Achievable - EmefieleBirnin Kebbi — The Governor of the Central Bank of Nigeria (CBN) Godwin Emefile
Kebbi 1 Million Metric Tonnes of Rice Achievable - Emefiele
AllAfrica.com / Posted 6 days ago
Birnin Kebbi — The Governor of the Central Bank of Nigeria (CBN) Godwin Emefile and Minister of Agriculture, Chief Audu Ogbe, have said that with the commitment of Kebbi State government and that of the 70,000 farmers under the Central Bank of... Read more
4 related stories
6d
AllAfrica.com
Emefiele - Forex Scarcity Bringing Out the Best in NigeriansCentral Bank of Nigeria (CBN) Governor, Mr. Godwin Ifeanyi Emefiele has describ
Emefiele - Forex Scarcity Bringing Out the Best in Nigerians
AllAfrica.com / Posted 6 days ago
Central Bank of Nigeria (CBN) Governor, Mr. Godwin Ifeanyi Emefiele has described the current scarcity of foreign exchange confronting the country as good riddance, saying local production of various essential goods are now being given top... Read more
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6d
AllAfrica.com
2015 PDP Presidential Campaign - Former Finance Minister Refunds Part of N2.5 BillionPDP, Presidential Campaign Organisation, reportedly received N2.5 billion from
2015 PDP Presidential Campaign - Former Finance Minister Refunds Part of N2.5 Billion
AllAfrica.com / Posted 6 days ago
PDP, Presidential Campaign Organisation, reportedly received N2.5 billion from the N4 billion that was released from the Central Bank of Nigeria, CBN, on the orders of Colonel Sambo Dasuki, a former National Security Adviser,NSA, in the heat of... Read more
6d
AllAfrica.com
First Half Economic Outlook Appears Hazy Despite Oil Price Reboundthey said that the huge parallel market premium in the foreign exchange market
First Half Economic Outlook Appears Hazy Despite Oil Price Rebound
AllAfrica.com / Posted 6 days ago
they said that the huge parallel market premium in the foreign exchange market which resulted from the decision of the Central Bank of Nigeria, CBN, to administratively peg exchange rate in its officially controlled market segment in the face... Read more
6d
AllAfrica.com
How States Diverted Bail-Out Funds - ICPCFor example in Imo state, the ICPC alleged that out of the N26.8bn bail-out fun
How States Diverted Bail-Out Funds - ICPC
AllAfrica.com / Posted 6 days ago
For example in Imo state, the ICPC alleged that out of the N26.8bn bail-out funds received by the state government from the Central Bank of Nigeria (CBN), over N6billion was transferred into certain Imo state government accounts which are not... Read more
6d
AllAfrica.com
Forex Scarcity Bringing Best Out of Nigerians - CBNeconomy as local production of various essential goods is now being given top p
Forex Scarcity Bringing Best Out of Nigerians - CBN
AllAfrica.com / Posted 6 days ago
economy as local production of various essential goods is now being given top priority with positive outcomes. The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, who reiterated the assertion during the assessment tour of the... Read more
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6d
AllAfrica.com
How to Make More Dangotes - Aliko DangoteFolusho Phillips. Others included Pioneer Managing Director of GT Bank, Fola A
How to Make More Dangotes - Aliko Dangote
AllAfrica.com / Posted 6 days ago
Folusho Phillips. Others included Pioneer Managing Director of GT Bank, Fola Adeola; former Deputy Director of the Central Bank of Nigeria (CBN), Tunde Lemo; Chairman of Zenith Bank, Jim Ovia, and National President Nigeria-American Chamber... Read more
6d
AllAfrica.com
Nigeria Turning Forex Scarcity to Advantage - Emefieleinto an advantage through the local production of goods for which hard currenci
Nigeria Turning Forex Scarcity to Advantage - Emefiele
AllAfrica.com / Posted 6 days ago
into an advantage through the local production of goods for which hard currencies were hitherto wasted. Governor of the Central Bank of Nigeria, CBN, Mr. Godwin Emefiele, said this during an assessment tour of the farmlands cultivated under the... Read more
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6d
AllAfrica.com
States' Debt Repayment Deferral Not Bail-Out, Says Finance Ministeron their finances in the face of dwindling monthly revenue allocations as a res
States' Debt Repayment Deferral Not Bail-Out, Says Finance Minister
AllAfrica.com / Posted 6 days ago
on their finances in the face of dwindling monthly revenue allocations as a result of declining global oil prices. The Central Bank of Nigeria, CBN governor, Godwin Emefiele, had told the Council that about N689.5 billion had so far been... Read more
6d
AllAfrica.com
Kebbi Farmers Inch Closer to One Million Metric Ton Rice TargetBirnin Kebbi — A team of officials from the Central Bank of Nigeria (CBN) and m
Kebbi Farmers Inch Closer to One Million Metric Ton Rice Target
AllAfrica.com / Posted 6 days ago
Birnin Kebbi — A team of officials from the Central Bank of Nigeria (CBN) and ministry of agriculture, led by the CBN governor, Godwin Emefiele and minister of agriculture, Chief Audu Ogbe, last week, visited Kebbi State to assess the progress of the... Read more
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6d
AllAfrica.com
How SEC Is Unlocking the Potential in Financial Marketsto deepen the Nigeria financial market, boost investors' confidence and drive i
How SEC Is Unlocking the Potential in Financial Markets
AllAfrica.com / Posted 6 days ago
to deepen the Nigeria financial market, boost investors' confidence and drive investment with new technologies. Like the Central Bank of Nigeria (CBN), SEC is aware of the impact of bringing more people into the financial market by creating... Read more
6d
AllAfrica.com
How Bail-Out Funds Were Diverted in States - ICPCInstitute for Policy and Strategic Studies, NIPSS in Abuja. Nta said, "Last ye
How Bail-Out Funds Were Diverted in States - ICPC
AllAfrica.com / Posted 6 days ago
Institute for Policy and Strategic Studies, NIPSS in Abuja. Nta said, "Last year, 27 states got bailout funds from the Central Bank of Nigeria, CBN. We decided to go into collaboration with the Nigerian Labour Congress, NLC, to monitor the... Read more
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6d
AllAfrica.com
Internal Fraud Bleeds Banks DrySwaziland, Nigeria and Egypt where it serves Zenith Bank in UK, HFC Bank in Gha
Internal Fraud Bleeds Banks Dry
AllAfrica.com / Posted 6 days ago
Swaziland, Nigeria and Egypt where it serves Zenith Bank in UK, HFC Bank in Ghana; Swazi Bank, Commercial Bank of Ethiopia; Central Bank of Nigeria. The Central Bank of Kenya has instructed bank auditors to probe financial statements as well as... Read more
6d
AllAfrica.com
'Nigeria Will Overcome Its Economic Challenges'for transactions between Nigeria and China. At the meeting what we did was to s
'Nigeria Will Overcome Its Economic Challenges'
AllAfrica.com / Posted 6 days ago
for transactions between Nigeria and China. At the meeting what we did was to sign a mandate agreement between the Central Bank of Nigeria and Industrial and Commercial Bank of China, which is the biggest in the world to act as our agent in... Read more
6d
AllAfrica.com
How Michael Aondoakaa's Rice Business Attracted America's Attentionand Cross River States in diffusing improved methods of paddy rice production.
How Michael Aondoakaa's Rice Business Attracted America's Attention
AllAfrica.com / Posted 6 days ago
and Cross River States in diffusing improved methods of paddy rice production. These were made possible by working with the Central Bank of Nigeria (CBN) and the MARKETS II scheme of United States Agency for International Development... Read more
6d
AllAfrica.com
How We Will Use USOSA to Champion Quality Education for All Nigerians - Chidi OdinkaluSuleja Academy and Federal Science and Technical Colleges in Nigeria. Past pre
How We Will Use USOSA to Champion Quality Education for All Nigerians - Chidi Odinkalu
AllAfrica.com / Posted 6 days ago
Suleja Academy and Federal Science and Technical Colleges in Nigeria. Past presidents-general of USOSA include Kabir Nuhu-Koko, a director at the Central Bank of Nigeria, and Albert Okumagba, the group managing director of BGL Secu... Read more
7d
AllAfrica.com
Aside the Intrigues, Senate Focuses On Economic Reformordinary Nigerians. For example, the Senate's positive intervention led to the
Aside the Intrigues, Senate Focuses On Economic Reform
AllAfrica.com / Posted 7 days ago
ordinary Nigerians. For example, the Senate's positive intervention led to the review of the foreign exchange policy by the Central Bank of Nigeria (CBN) such that business people can now save and withdraw foreign exchange from their bank accounts.... Read more
7d
AllAfrica.com
Lifting the Spirits of the Less-Privileged in RiversEnterprises Development Fund in Port Harcourt, Wike said the programme, which w
Lifting the Spirits of the Less-Privileged in Rivers
AllAfrica.com / Posted 7 days ago
Enterprises Development Fund in Port Harcourt, Wike said the programme, which would be funded through a facility from the Central Bank of Nigeria, will assist small businesses have access to capital so that they can develop faster. The governor... Read more
7d
AllAfrica.com
First Bank - Approaching Youth Market Through Financial LiteracyResponsibility and events to maintain its grip on the market. In line with the
First Bank - Approaching Youth Market Through Financial Literacy
AllAfrica.com / Posted 7 days ago
Responsibility and events to maintain its grip on the market. In line with the financial literacy project, backed by the Central Bank of Nigeria and the Bankers' Committee, First Bank recently joined the rest of the world in celebrating the... Read more
7d
AllAfrica.com
Nigeria's Sugar Masterplan Has Date With 2016industry. At the pre-inspection visit of the Sunti Golden Sugar Estate, a subs
Nigeria's Sugar Masterplan Has Date With 2016
AllAfrica.com / Posted 7 days ago
industry. At the pre-inspection visit of the Sunti Golden Sugar Estate, a subsidiary of Flour Mills of Nigeria Group, Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, painted a disturbing picture of the lame effort at producing the... Read more
8d
AllAfrica.com
How States Squandered FG Bailout Fundsbreakdown of the analysis indicates that out of the 27 states that applied for
How States Squandered FG Bailout Funds
AllAfrica.com / Posted 8 days ago
breakdown of the analysis indicates that out of the 27 states that applied for the fund, only 23 had been paid by the Central Bank of Nigeria as at the end of December 2015. The benefiting states are: Adamawa, Bauchi, Benue, Cross River,... Read more
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