Browsing Tag

cbn

CBN injects $311.5m, CNY15m into forex market

The Central Bank of Nigeria (CBN) made an intervention of 311.5million dollars in the Retail Secondary Market Intervention Sales (SMIS) and 15 million Chinese Yuan in the spot and short-tenured forwards segment of the inter-bank foreign…

CBN provides fresh insight on new transaction charges

The Central Bank of Nigeria (CBN) says the transaction charges on deposit and withdrawal in furtherance of implementation of its cashless policy is on the amount in excess of the set limits. The Director, Corporate Communication…

CBN to support herdsmen to boost dairy production

The Central Bank of Nigeria (CBN) will support and integrate smallholders, subsistent and nomadic herdsmen through its Anchor Borrowers Programme (ABP) to boost livestock production. The CBN Governor, Mr Godwin Emefiele disclosed this…

Implementation Of Cashless Policy: NECA cautions CBN

The Nigeria Employers’ Consultative Association (NECA) says the country’s economic environment is not ripe for full implementation of cashless policy, as recently announced by the Central Bank of Nigeria (CBN). The association’s…

Again, CBN injects $210m into forex market

The Central Bank of Nigeria (CBN) has injected 210 million U.S. dollars into the interbank segment of the Foreign Exchange Market following sales concluded on Tuesday. The bank’s Director, Corporate Communications Department, Mr Isaac…

Mutilated notes: Group calls on CBN to extend deadline

Consumer Awareness and Financial Enlightenment Initiative (CAFEi), has urged the Central Bank of Nigeria (CBN) to extend the deadline for the exchange of mutilated naira notes by another four months. Otunba ‘Debola Osibogun, CAFEi…

Buhari tells CBN to stop forex for Importation of food

President Muhammadu Buhari has directed the Central Bank of Nigeria (CBN) to stop providing foreign exchange for importation of food into the country. He disclosed this on Tuesday when he hosted the All Progressives Congress (APC)…

CBN injects $210 million into inter-bank forex market

The Central Bank of Nigeria (CBN) has injected the sum of 210 million dollars into the Nigerian Inter-Bank Foreign Exchange market following the conclusion of Tuesday’s transactions. The bank’s Director, Corporate Communications…

Central Bank of Nigeria injects $210m into forex market

The Central Bank of Nigeria (CBN) has injected the sum of 210 million dollars into the inter-bank Foreign Exchange Market after the transactions on Tuesday, July 30. The bank’s Director, Corporate Communications Department, Mr Isaac…

Nigeria: CBN injects $210m in forex market

The interbank segment of the Nigerian foreign exchange market received a fresh boost of 210 million dollars from the Central Bank of Nigeria (CBN) on Tuesday. The CBN Director of Corporate Communications Department, Mr. Isaac Okorafor,…

We must cut our import bill – Deputy Governor, CBN

The Central Bank of Nigeria (CBN) has decried the amount spent in importing food into the country. CBN Deputy Governor of Economic Policy, Mr Okwu Nnana, said this at a briefing with reporters on Monday in Abuja. He described the…

Textile industries can create 2m jobs – Godwin Emefiele

The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, says the Nigerian Cotton, Textile and Garment (CTG) sector holds huge potentials to create more than two million jobs and reduce 4.0 billion dollars import bill incurred…

CBN: Senate confirms Godwin Emefiele’s second term

CBN: Senate confirms Godwin Emefiele’s second term The Senate has confirmed Mr Godwin Emefiele as Governor of the Central Bank of Nigeria (CBN) for the second term of five years. This followed the adoption of the report of the…

CBN moves to revive Nigeria’s textile industry

The Central Bank of Nigeria (CBN) has kicked off the distribution of cotton seeds and other farming inputs, a major strategy to revive the nation’s moribund cotton, textile and garment sector. The revival of the sector is a bold step…

CBN & 14 banks deny Imo N1bn contract account

The Central Bank of Nigeria (CBN) and 14 other banks out of the 17 ordered by an FCT High Court to show cause why plea for garnishee of alleged accounts operated by Imo Government should not be made absolute, had denied overseeing the…

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