central bank of nigeria news

  1. Nigeria Business News

    Business Transactions: CBN releases guidelines to protect customers – Newtelegraph

    The Central Bank of Nigeria (CBN) yesterday released consumer protection framework guidelines on disclosure and transparency as well as guidelines on responsible business conduct. According to the CBN, the objective of the guidelines on disclosure and transparency is “to protect consumers...
  2. Nigeria Business News

    Business MTN secures CBN’s nod to offer financial services to Nigerians – Nairametrics

    Telecommunications giants MTN Nigeria has secured the Central Bank of Nigeria (CBN) approval for its subsidiary, Yello Digital Financial Services Limited, to run digital financial services. Apart from allowing MTN to fully deploy its Financial Technology (Fintech) capability, the Super Agent...
  3. Nigeria Political News

    Politics Reps probe recruitment, extortion scam in NNPC, NPA, CBN – Vanguard News

    The House of Representatives has resolved to probe the alleged clandestine recruitment process in NNPC, NPA, CBN and other Federal Government’s Ministry, Department and Agencies, MDAs. The House made the resolution following a motion introduced by Yusuf Gagdi from Plateau State during …...
  4. Nigeria Business News

    Business Nigeria’s external reserves rise to $45bn from $23bn in 2016 – CBN – Premium Times Nigeria

    The Central Bank of Nigeria (CBN) says the country’s external reserves stand at $45 billion as at June 2019. The CBN Governor, Godwin Emefiele, disclosed this while reeling out the policy road map for his five years second term in Abuja on Monday. Mr Emefiele said the … Read more via...
  5. Nigeria Business News

    Business CBN unveils initiatives to boost commodity export – Nairametrics

    The Central Bank of Nigeria (CBN), has unveiled the Export Facilitation Initiatives (EFI) targeted at boosting commodity exports in the non-oil sector of the Nigerian economy. This is contained in the circular just published by the apex bank on Friday, 14th June, in line with the approval by …...
  6. Nigeria Business News

    Business Emefiele Lists Priorities in Second Term – Thisdaylive

    Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, yesterday emerged from his oath taking, vowing to, in his second term, strengthen efforts to stimulate growth and job creation in critical sectors of the economy in order to insulate … Read more via Thisdaylive –...
  7. Nigeria Metro News

    Metro FLASHBACK: Was this the video that got Sanusi into trouble with Ganduje? – TheCable

    Muhammad Sanusi II, the emir of Kano and former governor of Central Bank of Nigeria (CBN), has been at the heart of a post-election controversy with Abdullahi Ganduje, governor of Kano, over his criticism of the governor’s actions and inactions in the state. The former CBN governor’s problem...
  8. Nigeria Business News

    Business Emefiele sets a milestone by getting a second term – Nairametrics

    Contrary to popular view that Godwin Emefiele will be replaced as the Governor of the Central Bank of Nigeria (CBN) following the expiration of his tenor, he has made history, with news reports suggesting he would be the first CBN Governor to get a second term. There were … Read more via...
  9. Nigeria Business News

    Business CBN releases 8.88bn currency notes into circulation in March – Newtelegraph

    The Central Bank of Nigeria (CBN) yesterday said 8.88 billion naira notes, in different denominations, valued at N2.15 billion, were released into circulation as at March 2019. The bank’s Head of Currency Operations Department … Read more via Newtelegraph – http://bit.ly/2Jm0dMa Get...
  10. Nigeria Business News

    Business CBN Intervenes in Foreign Exchange Market with $271.83 million, CNY41.14 million – NaijaBizCom.Com

    The Central Bank of Nigeria (CBN), on Friday, May 3, 2019 made interventions in the Retail Secondary Market Intervention Sales (SMIS) of the Foreign Exchange market totaling $271.83million and CNY41.14million. The Director, Corporate Communications at the Bank, Mr. Isaac Okorafor also...
  11. Nigeria Business News

    Business Sterling Bank Plc discloses appointments of 3 new directors – Nairametrics

    Sterling Bank Plc has appointed Tunde Adeola and Raheem Owodeyi as Executive Directors. While disclosing the duo’s appointments, Sterling Bank Plc also confirmed that Subbaramaiah Rajapur has replaced Sujit Varma as its Non-Executive Director. Nairametrics understands that the appointments...
  12. Nigeria Business News

    Business CBN Cuts Treasury Bills Stop Rates at Primary Market – NaijaBizCom.Com

    The Central Bank of Nigeria (CBN) on Wednesday conducted the second sale of treasury bills at the primary market in the month of April 2019. During the primary market auction (PMA) yesterday, the apex bank offered the debt instrument to investors in three maturities as usual. However, the stop...
  13. Nigeria Metro News

    Metro Ekwere Eleje Becomes First Woman to have Signature on the Naira – Olisa.tv

    Another bit of history has been made by a woman, and it is at the Central Bank of Nigeria this time. For the very first time in Nigeria’s 59-year history, the signature of a woman, Priscilla Ekwere Eleje, goes on the naira. This comes after Eleje, who has been … Read more via Olisa.tv –...
  14. Nigeria Business News

    Business Does the CBN’s N10,000 fine for delayed wrongful debit refunds still apply? – Nairametrics

    Recently, an angry Nigerian man took to Twitter to complain about how his mother’s account was wrongfully debited after a failed transaction, even as no refund has been made eight days later. According to Kehinde Olaoye, his mother tried to make a Point of Sale (POS) payment at … Read more...
  15. Nigeria Business News

    Business CBN to bank customers: Report failed PoS deals – Newtelegraph

    The Central Bank of Nigeria (CBN) has urged bank customers in the country who have complaints about non-reversal of failed Point-Of Sale (PoS) transactions into their accounts not to hesitate to escalate their grievance to the apex bank’s Consumer Protection Department if they perceive that …...
  16. Nigeria Business News

    Business Economist Backs CBN Ban On Textiles, Says FOREX On Imports Enough Fund Deficit – Nairaland

    An economic and financial analyst, David Ibidapo, has thrown his weight behind the Central Bank of Nigeria (CBN) decision to ban further allocation of scarce foreign exchange on importation of textiles and garments into the country. Mr Ibidapo told the News Agency of Nigeria (NAN) on Sunday in...
  17. Nigeria Business News

    Business CBN Places Forex Restriction On Textile Materials – Leadership Newspaper

    The Central Bank of Nigeria (CBN) has restricted access to foreign exchange for the importation of all types of textile materials with immediate effect. The new restriction raises the list of items banned from accessing forex from the official windows to 43. CBN governor, Mr. Godwin Emefiele...
  18. Nigeria Business News

    Business CBN rakes in N1.12bn from BDCs renewal fee – Newtelegraph

    The Central Bank of Nigeria (CBN) collected N1.12 billion in annual renewal fees from Bureaux De Change this year, New Telegraph has learnt. Data obtained from the apex bank last weekend indicates that there were 4,492 licensed BDCs operating in the country as at the end … Read more via...
  19. Nigeria Business News

    Business CBN To Fine Banks For Paying Counterfeit Banknotes – Nairaland

    The Central Bank of Nigeria has imposed a penal fee of N1m on each branch of Deposit Money Banks for non-compliance with its ‘Banknote fitness guidelines and clean note policy documents for the industry.’ The regulator disclosed this in a circular to all DMBs on ‘Penalty for payment of …...
  20. Nigeria Business News

    Business Nigeria to establish national micro-finance bank – Premium Times Nigeria

    A national micro-finance bank is to be established to promote access to credit finance for small, medium enterprises (SMEs) and other unbanked groups in the country, the Central Bank of Nigeria (CBN) said on Thursday. The CBN governor, Godwin Emefiele, who announced this in Abuja, said the …...
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