Central Bank of Nigeria

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2d
AllAfrica.com
MPC to Retain Interest Rate At 14% - EmefieleThe Governor of Central Bank of Nigeria, CBN, Mr. Godwin Emefiele, has said he
AllAfrica.com / Posted 2 days ago
The Governor of Central Bank of Nigeria, CBN, Mr. Godwin Emefiele, has said he expects Monetary Policy Committee, MPC, to retain interest rate at 14 per cent at next week's MPC meeting. The MPC meeting has been scheduled to hold January 22 to 23,... Read more
3d
AllAfrica.com
AfDB Foresees Stronger Naira in 2018Bank Group, (AfDB) has stated that it expects a stronger naira in 2018, just as
AllAfrica.com / Posted 3 days ago
Bank Group, (AfDB) has stated that it expects a stronger naira in 2018, just as it applauded the measures taken by the Central Bank of Nigeria to ensure price stability. The multilateral institution stated this in its African Economic Outlook... Read more
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3d
AllAfrica.com
Again, Niger Delta Avengers Threatens Renewed Attacks On Oil Facilitiesof the downstream sector. He cautioned that approving a special foreign exchan
AllAfrica.com / Posted 3 days ago
of the downstream sector. He cautioned that approving a special foreign exchange regime for marketers lower than the Central Bank of Nigeria rate of N305 to the USD$1, would amount to another form of subsidy. Nafada added that granting... Read more
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3d
AllAfrica.com
Can Nigeria Cease Rice Importation in 2018?quality seeds, fertilisers, storage tools e.t.c are also key. Rice must be chea
AllAfrica.com / Posted 3 days ago
quality seeds, fertilisers, storage tools e.t.c are also key. Rice must be cheap, available and secured. * I believe the Central Bank of Nigeria (CBN) has invested much in rice production under the government of PMB and it is time to reap where... Read more
4d
AllAfrica.com
Inflation Rate Declines to 15.37 Percent in 2017 - NBStwelve month period was 16.50 percent, showing 0.26 percent point lower from 16
AllAfrica.com / Posted 4 days ago
twelve month period was 16.50 percent, showing 0.26 percent point lower from 16.76 percent recorded in November 2017. The Central Bank of Nigeria (CBN) Mr. Godwin Emefiele at the Annual Bankers' Dinner in November had said, "Monetary policy stance... Read more
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4d
AllAfrica.com
Experts Express Mixed Feelings On New Consumer Price Index Figuresat the international market, which has enriched our foreign reserves and by ext
AllAfrica.com / Posted 4 days ago
at the international market, which has enriched our foreign reserves and by extension has provided the latitude for the Central Bank of Nigeria (CBN) to intervene in the forex exchange market to shore the value of the naira." The Executive... Read more
4d
AllAfrica.com
NSE Boss Explains 2017 Impressive Performance, Bullish On 2018best performing market in 2017 globally. He attributed the growth of 42.3 per
AllAfrica.com / Posted 4 days ago
best performing market in 2017 globally. He attributed the growth of 42.3 per cent recorded by the market in part, to Central Bank of Nigeria (CBN)'s monetary policies that resulted in increased liquidity in the foreign exchange... Read more
4d
AllAfrica.com
For the Records - Nigeria's 2017 Tax Diary a Review of the Major Tax Events of the YearIdentity Numbers will be required for all International Passport applications (
AllAfrica.com / Posted 4 days ago
Identity Numbers will be required for all International Passport applications (including renewals). In April 2017, the Central Bank of Nigeria ("CBN") released a circular establishing the Investors and Exporters Foreign Exchange Window. This... Read more
4d
AllAfrica.com
$9.8 Million Fraud - Court Admits Two Exhibits Against NNPC Ex-GMDa certificate of delivery dated March 17, 2017 issued to the EFCC as proof of e
AllAfrica.com / Posted 4 days ago
a certificate of delivery dated March 17, 2017 issued to the EFCC as proof of evidence that the money was kept with the Central Bank of Nigeria (CBN). The interim order was granted by the Federal High Court, Kano. The two documents were... Read more
5d
AllAfrica.com
CBN Injects $210m As Naira Depreciates to N360.65/$The naira Monday depreciated to N360.65 per dollar in the Investors and Exporte
AllAfrica.com / Posted 5 days ago
The naira Monday depreciated to N360.65 per dollar in the Investors and Exporters (I&E) window even as the Central Bank of Nigeria (CBN) injected $210 million into the foreign exchange market. Acting Director, Corporate Communications Department... Read more
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5d
AllAfrica.com
the Untold Security, Intelligence Conundrum of the Buhari Administration"By virtue of the operations of the NNPC, the Corporation had made series of co
AllAfrica.com / Posted 5 days ago
"By virtue of the operations of the NNPC, the Corporation had made series of compelling cases to the Presidency and the Central Bank of Nigeria to allow certain categories of accounts operate outside the TSA, as they contain co-mingled funds... Read more
5d
AllAfrica.com
CBN Injects U.S.$210 Million Into Foreign Exchange MarketThe Central Bank of Nigeria (CBN) has injected another 210 million dollars into
AllAfrica.com / Posted 5 days ago
The Central Bank of Nigeria (CBN) has injected another 210 million dollars into the inter-bank Foreign Exchange Market to meet customers' requests in various segments. Giving a breakdown of the intervention, the bank's acting Director, Corporate... Read more
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9d
AllAfrica.com
Naira Appreciates to N360.43/$ in I&E As External Reserves Gain $664mreserves recorded $664 million increase in the first ten days of the year. Van
AllAfrica.com / Posted 9 days ago
reserves recorded $664 million increase in the first ten days of the year. Vanguard analysis of external reserves data on Central Bank of Nigeria (CBN) website showed that the external reserve rose to $39.429 billion on Wednesday January 10th from... Read more
9d
AllAfrica.com
9Mobile Sale - Jan 16 Is Deadline for Bidders to Submit Final Bids, NCC Clarifiesapproval for the request for extension of time by the 9mobile interim board was
AllAfrica.com / Posted 9 days ago
approval for the request for extension of time by the 9mobile interim board was given by the two regulators - NCC and the Central Bank of Nigeria (CBN). This sets the deadline for the receipt of binding offers from the prospective bidders till... Read more
5 related articles
9d
AllAfrica.com
No Preferred Bidder for 9Mobile's Acquisition, Says NCCdisclosed that an approval of the request for extension of time by the 9Mobile
AllAfrica.com / Posted 9 days ago
disclosed that an approval of the request for extension of time by the 9Mobile Interim Board was given by NCC and the Central Bank of Nigeria (CBN), which set the deadline for the receipt of bids for January 16. Contrary to speculations that... Read more
5 related articles
9d
AllAfrica.com
CBN Targets 7.6 Million New Accounts in 2018Abuja — The Central Bank of Nigeria, CBN, is targeting about 7.6 million new ba
AllAfrica.com / Posted 9 days ago
Abuja — The Central Bank of Nigeria, CBN, is targeting about 7.6 million new bank accounts this year. This is part of its efforts towards bringing more Nigerians into the banking system under the Financial Inclusion Strategy. The CBN Abuja Branch... Read more
2 related articles
9d
AllAfrica.com
Financial Inclusion - CBN Sets Fresh Targets for BanksCentral Bank of Nigeria, CBN, has set state-by-state targets for the 21 commerc
AllAfrica.com / Posted 9 days ago
Central Bank of Nigeria, CBN, has set state-by-state targets for the 21 commercial banks and 942 micro finance banks in the country to ensure that every Nigerian adult has access to financial services. Mrs Elizabeth Agu, the CBN Branch Controller,... Read more
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9d
AllAfrica.com
Central Bank Sets Fresh Target for Nigerian BanksThe Central Bank of Nigeria, CBN, has set state-by-state target for the 21 comm
AllAfrica.com / Posted 9 days ago
The Central Bank of Nigeria, CBN, has set state-by-state target for the 21 commercial banks and 942 Micro finance banks in the country to ensure that every Nigerian adult has access to financial services. Elizabeth Agu, the CBN Branch Controller,... Read more
2 related articles
9d
AllAfrica.com
No 'Anointed Winner' for 9mobile Acquisition - NCCmobile network which is indebted to some banks, is being preferred above others
AllAfrica.com / Posted 9 days ago
mobile network which is indebted to some banks, is being preferred above others. The telecommunications regulator and the Central Bank of Nigeria (CBN) had last year appointed an interim Board and Management to run the affairs of the mobile... Read more
5 related articles
10d
AllAfrica.com
How Africa Can Ride On the Cryptocurrency Wavedemocratise the economy. This is propelled by the fact that people in Nigeria h
AllAfrica.com / Posted 10 days ago
democratise the economy. This is propelled by the fact that people in Nigeria have been failed by conventional money. The Central Bank of Nigeria, which oversees an inflation rate of 12-14%, recently announced that they cannot stop Bitcoin. Their... Read more
7 related articles
10d
AllAfrica.com
Four Arrested for Allegedly Selling Naira NotesIsland while selling new Naira notes. He said the sting operation was carried
AllAfrica.com / Posted 10 days ago
Island while selling new Naira notes. He said the sting operation was carried out in collaboration with officials of the Central Bank of Nigeria, CBN. The spokesman stated that the suspects violated Sections 20 and 21 of the CBN Act that made... Read more
11d
AllAfrica.com
CBN Warns Operators On Licence Renewal, OthersThe Central Bank of Nigeria (CBN) has advised operators in the national payment
AllAfrica.com / Posted 11 days ago
The Central Bank of Nigeria (CBN) has advised operators in the national payment system to ensure that they renew their operating licence three months before the date of its expiration. Failure to abide by this directive, the central bank warned... Read more
11d
AllAfrica.com
Economists, Marketers React to Kachikwu's Three Suggestions to End Fuel Scarcityintervals. "I agree the options point the way forward," Mr. Olawore said. "Fir
AllAfrica.com / Posted 11 days ago
intervals. "I agree the options point the way forward," Mr. Olawore said. "First, a monitoring committee comprising the Central Bank of Nigeria, CBN, Finance Ministry, representatives of the marketers, Petroleum Products Pricing Regulatory... Read more
5 related articles
11d
AllAfrica.com
Emefiele Disowns Twitter AccountsCentral Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele has distanced himse
AllAfrica.com / Posted 11 days ago
Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele has distanced himself from several twitter handles purportedly owned by him. Consequently, the CBN in a statement by its Acting Director, Corporate Communications, Mr. Isaac Okorafor... Read more
11d
AllAfrica.com
Removal of Petroleum Subsidy, Will Buhari Bite the Bullet?it would seem. Kachikwu highlighted three solutions being considered for our pe
AllAfrica.com / Posted 11 days ago
it would seem. Kachikwu highlighted three solutions being considered for our petroleum products crisis. "One, is for the Central bank of Nigeria (CBN) to allow the marketers access forex at the rate of N204 to a dollar as against the official... Read more
5 related articles
11d
AllAfrica.com
Experts Hinge Economic Performance On Improved Forexproducts; and fabricated metal products, among others. Under the renewed forex
AllAfrica.com / Posted 11 days ago
products; and fabricated metal products, among others. Under the renewed forex intervention and management policy of the Central Bank of Nigeria since February 2017, these sectors were given opportunities to obtain the much-needed forex liquidity... Read more
11d
AllAfrica.com
Govt to Create 1 Million Jobs Through Eggs Production, Processing, Saleand subsequently in other states of the country. "The ministry will work with
AllAfrica.com / Posted 11 days ago
and subsequently in other states of the country. "The ministry will work with the committee and with the support of the Central Bank of Nigeria (CBN), we will achieve the goal of the scheme. "Unless we deal with the problem of food, Africa... Read more
12d
AllAfrica.com
External Reserves Hit $40.4bn, Highest Since Jan 2014Nigeria's external reserves have hit a new level of $40.4 billion, data release
AllAfrica.com / Posted 12 days ago
Nigeria's external reserves have hit a new level of $40.4 billion, data released yesterday by the Central Bank of Nigeria (CBN) has shown. The figures d from the CBN yesterday indicated that the external reserves reached the $40.4 billion mark on... Read more
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12d
AllAfrica.com
Govt Says Baro River Port Will Be Ready This Yeargovernment towards ensuring that it is commissioned this year. "All procuremen
AllAfrica.com / Posted 12 days ago
government towards ensuring that it is commissioned this year. "All procurement processes are already completed, the Central Bank of Nigeria has issued Letter of Credit and manufacturers have so far been committed," he added. According to... Read more
12d
AllAfrica.com
CBN to Sanction Banks, Others for Violation of Payment System RulesThe Central Bank of Nigeria (CBN) yesterday threatened to impose N10, 000 daily
AllAfrica.com / Posted 12 days ago
The Central Bank of Nigeria (CBN) yesterday threatened to impose N10, 000 daily fine on banks and other electronic payment service providers that fail to renew its operating licence within the regulatory deadline. Director, Banking and Payment... Read more
12d
AllAfrica.com
External Reserves Hit Four-Year High of $40.4bnBy Ndubuisi Francis and Obinna Chima Nigeria's external reserves have risen to
AllAfrica.com / Posted 12 days ago
By Ndubuisi Francis and Obinna Chima Nigeria's external reserves have risen to $40.4 billion, the Central Bank of Nigeria (CBN) revealed Monday, making it the first time in exactly four years since the country's reserves hit the $40 billion... Read more
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12d
AllAfrica.com
Nigeria's External Reserve Rises to $40.4 Billioncrude oil price in the international market has pushed Nigeria's external reser
AllAfrica.com / Posted 12 days ago
crude oil price in the international market has pushed Nigeria's external reserve to $40.4 billion, according to latest Central Bank of Nigeria figures. Despite initial marginal decline on Monday, crude oil price maintained a steady climb, with... Read more
2 related articles
13d
AllAfrica.com
Experts Optimistic On Better Economy in 2018revenue sources such as oil prices. Uwaleke also predicted that the monetary p
AllAfrica.com / Posted 13 days ago
revenue sources such as oil prices. Uwaleke also predicted that the monetary policy rates may likely be retained by the Central Bank of Nigeria in its first quarter meeting. "Headline inflation, which is beginning to prove sticky downwards,... Read more
13d
AllAfrica.com
Minister Says Workplace Gender Discrimination Does Not Exist in Nigeriapolicies such as the physical deficit in terms of its composition, such as reve
AllAfrica.com / Posted 13 days ago
policies such as the physical deficit in terms of its composition, such as revenue, exchange rates, balance of payments, monitory policy and what the Central Bank of Nigeria is doing, and how it has led to different development growth in the countr... Read more
16d
AllAfrica.com
NNPC Records N85.5 Billion Loss On Petrol Importation, Says Kachikwurequires emergency of about 18 months before the local refineries are expected
AllAfrica.com / Posted 16 days ago
requires emergency of about 18 months before the local refineries are expected to be in good shape. " One , is for the Central bank of Nigeria ( CBN) to allow the marketers access forex at the rate of N204 to a dollar as against the official... Read more
35 related articles
16d
AllAfrica.com
Kachikwu Debunks Reports On Plans to Increase Fuel Priceset up, to find ways out of the problem until the local refineries become funct
AllAfrica.com / Posted 16 days ago
set up, to find ways out of the problem until the local refineries become functional in 18 months time. " One , is for the Central bank of Nigeria ( CBN) to allow the marketers access forex at the rate of N204 to a dollar as against the official... Read more
35 related articles
16d
AllAfrica.com
NNPC Loses N900 Million Daily to Sell Petrol At N145said requires emergency of about 18 months before the local refineries are expe
AllAfrica.com / Posted 16 days ago
said requires emergency of about 18 months before the local refineries are expected to be in good shape. "One , is for the Central bank of Nigeria (CBN) to allow the marketers access forex at the rate of N204 to a dollar as against the official... Read more
35 related articles
16d
AllAfrica.com
No Plans to Increase Fuel Price, Kachikwu Restatesset up, to find ways out of the problem until the local refineries become funct
AllAfrica.com / Posted 16 days ago
set up, to find ways out of the problem until the local refineries become functional in 18 months' time. "One, is for the Central bank of Nigeria (CBN) to allow the marketers access forex at the rate of N204 to a dollar as against the official... Read more
35 related articles
16d
AllAfrica.com
Govt Hopes On NASS to Okay Money for Debt Payments - Baruthe Federal Government was banking on the National Assembly to appropriate moni
AllAfrica.com / Posted 16 days ago
the Federal Government was banking on the National Assembly to appropriate monies for outstanding debt payment, while the Central Bank of Nigeria, CBN, is to provide foreign exchange guarantees, especially during periods of high foreign exchange... Read more
35 related articles
16d
AllAfrica.com
Petrol May Sell Above N175 As Kachikwu Backs Marketersrate was N285 to $1. Today, it is N305. So, even at the minimum, there's a gap.
AllAfrica.com / Posted 16 days ago
rate was N285 to $1. Today, it is N305. So, even at the minimum, there's a gap. One mechanism will be to work with the Central Bank of Nigeria in terms of exchange rate mechanisms." The minister also informed the lawmakers that government was... Read more
35 related articles
16d
AllAfrica.com
Oil Hits $68, Boosts Nigeria's Revenue, but Petrol Imports Hurt Financesrate was N285 to the $1. "Today it is N305, so even at a minimum, there is a g
AllAfrica.com / Posted 16 days ago
rate was N285 to the $1. "Today it is N305, so even at a minimum, there is a gap there. Today if you walk to the CBN (Central Bank of Nigeria) to do a modulation of what exchange rate we need to sell at N145, it is about N340, it's not N285,... Read more
35 related articles
17d
AllAfrica.com
Nigeria's Economic Expansion Persist Rapidly in December - CBNBy Babajide Komolafe and Elizebeth Adegbesan The Central Bank of Nigeria, CBN
AllAfrica.com / Posted 17 days ago
By Babajide Komolafe and Elizebeth Adegbesan The Central Bank of Nigeria, CBN yesterday released its Purchasing Managers Index (PMI) survey for December which indicated continuous rapid expansion of economic activities during the month. The report... Read more
17d
AllAfrica.com
Banks Record Increased Default On Credit Card, Overdraft LoansBanks recorded increased default on credit card and overdraft loans to househol
AllAfrica.com / Posted 17 days ago
Banks recorded increased default on credit card and overdraft loans to households in the fourth quarter of 2017. The Central Bank of Nigeria (CBN) disclosed this in its Credit Conditions survey report for the fourth quarter of 2017. The report... Read more
17d
AllAfrica.com
Nigeria's Manufacturing Index Sustains Expansion for Nine Monthsexpansion in the manufacturing sector for the ninth consecutive months. Accord
AllAfrica.com / Posted 17 days ago
expansion in the manufacturing sector for the ninth consecutive months. According to the latest PMI report posted on the Central Bank of Nigeria (CBN) website wednesday, 15 of the 16 sub-sectors reported growth in the review month in the... Read more
17d
AllAfrica.com
Petrol Importation - Oil Marketers Lobby Govt for Tax Incentives to Offset CostsThough the government had in 2016 stated that it had created a special forex wi
AllAfrica.com / Posted 17 days ago
Though the government had in 2016 stated that it had created a special forex window to enable them access forex from the Central Bank of Nigeria (CBN) to fund their products' importation, the marketers repeatedly claimed they were not getting... Read more
35 related articles
17d
AllAfrica.com
Govt Grants Marketers Special FX to Resume Fuel Importmeeting told Daily Trust that the new rate is being worked out by a special com
AllAfrica.com / Posted 17 days ago
meeting told Daily Trust that the new rate is being worked out by a special committee on FOREX in collaboration with the Central Bank of Nigeria (CBN) and Ministry of Finance. The Nigerian National Petroleum Corporation (NNPC) had recently... Read more
35 related articles
19d
AllAfrica.com
9Mobile Sale Deadline Now Jan 16With Agency Reports The conclusion of the sale process of 9mobile has been pos
AllAfrica.com / Posted 19 days ago
With Agency Reports The conclusion of the sale process of 9mobile has been postponed till January 16, 2018, by both the Central Bank of Nigeria and the Nigerian Communications Commission. The extension of the deadline was approved by the... Read more
23d
AllAfrica.com
Banks Spend N34.2 Billion On IT, E-Business InfrastructureGiven the drive to support the Central Bank of Nigeria (CBN) policy on cashless
AllAfrica.com / Posted 23 days ago
Given the drive to support the Central Bank of Nigeria (CBN) policy on cashless society and leverage on Information Technology, a total of eight deposit money banks have spent N34.2 billion on IT and electronic business infrastructure in nine months... Read more
23d
AllAfrica.com
Inlaks Secures Super-Agent Licence for Financial InclusionThe Central Bank of Nigeria (CBN), has granted an approval-in-principle to Inla
AllAfrica.com / Posted 23 days ago
The Central Bank of Nigeria (CBN), has granted an approval-in-principle to Inlaks, a financial technology company, to drive its financial inclusion and the cashless initiative agenda. Inlaks will operate as a super-agent in the nation's financial... Read more
23d
AllAfrica.com
Report Explains Why CBN Must Reduce Interest Rate in 2018Company Limited (FDC), which did a comparative analysis between the economies o
AllAfrica.com / Posted 23 days ago
Company Limited (FDC), which did a comparative analysis between the economies of Nigeria and Ghana in 2017, has advised the Central Bank of Nigeria (CBN) to embrace an accommodative monetary policy stance and reduce interest rate. The FDC, in the... Read more
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