central bank of nigeria news

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 …...

National Financial inclusion stakeholders in Nigeria, led by the Central Bank of Nigeria (CBN) will this Thursday and Friday gather for the launch of key policy documents aimed at facilitating the attainment of the financial inclusion target of 80 per cent by 2020. The event would hold in...

What are the details of the resolution of the dispute between the Central Bank of Nigeria (CBN) and telecommunication giant MTN Nigeria on the alleged improper repatriation of about $8.13 billion? A Non-Governmental Organisation (NGO) is asking the question following the adoption of an...

The Federal Government is set to review the salaries of workers currently earning above the national minimum wage. President Muhammadu Buhari made the revelation yesterday while inaugurating an advisory technical committee for the implementation of the proposed N30,000 new minimum … Read...

Nigeria’s external reserves increased by 11 per cent from the $38.912 billion it was as of January 2, 2018, to $43.195 billion as of December 28, 2018. This represented an increase by $4.3 billion within the period. The reserves had dropped to about $41 billion in November last year. Save …...

The operations of the Economic and Financial Crimes Commission (EFCC) has been brought under scrutiny as Bankers Warehouse Limited petitioned the Central Bank of Nigeria (CBN) over the recent confiscation of $2.8bn by the anti-graft agency at the Enugu … Read more via Newtelegraph –...

CBN office It is not going to be easy for banks, companies and individuals behind activities aimed at undermining the extant policy on the 41 items banned from accessing foreign exchange at the official window of the Central Bank of Nigeria … Read more via The Guardian Nigeria Newspaper –...

The Central Bank of Nigeria (CBN) said on Friday that it plans to boost its dollar sales to exchange bureaus, to avert further depreciation of the naira, after the currency weakened sharply on the black market on previous sessions. The bank said it will introduce a … Read more via...

The Central Bank of Nigeria (CBN) yesterday intervened in the interbank foreign exchange market by injecting the sum of $210million to boost supply in the market. Figures obtained from the apex bank indicated that it offered the sum of $100million to the wholesale segment, while the Small and...

Central Bank of Nigeria (CBN) on Friday said there were no plans to phase out the lower denomination banknotes, specifically the N100 note. The N100 banknote has been scarce and the ones available are mutilated, raising concern among Nigerians, who are wondering whether the … Read more via...

The Central Bank of Nigeria (CBN) in the first six months of 2018 had mopped up N9.74 trillion from the financial markets through Open Markets Operations (OMO), a 151 increase compared to what it had mopped up in the first half of 2017, as it spent N848 … Read more via Leadership Newspaper –...

The Central Bank of Nigeria (CBN) on Friday said it injected 337.16 million dollars in the retail Secondary Market Intervention Sales (SMIS) in its first intervention in the inter-bank foreign market for November. A statement issued in Abuja by Isaac Okorafor, the bank’s Director of Corporate...

Global banking giants, HSBC Bank and UBS Group, have closed their offices in Nigeria, the Central Bank of Nigeria (CBN) said yesterday, while also noting that foreign investment had fallen sharply from a year ago.... Read more via TODAY.NG – https://ift.tt/2AKvuDU Get more: Nigeria Business News

Unit MfB = N200m, State MFB = N1bn, National MFB =N5bn After months of speculations that it was about to make the move, the Central Bank of Nigeria (CBN) yesterday announced an increase in the minimum capital requirement for Micro Finance Banks (MFBs) in the country. In a … Read more via...

The oldest bank in the country, First Bank Football Club of Lagos at the weekend defeated Securities and Exchange Commission (SEC) of Abuja 4-2 to win the 32nd edition of the Central Bank of Nigeria (CBN) All Nigeria Financial Institutions Football competition..... Read more via The Guardian...

We see different things even when we are looking at the same picture. When CBN asked MTN to return the $8.1 billion dividends it “illegally” repatriated between 2007 and 2015, I was not thinking about MTN or CBN. Rather, my mind was on Econet, the … Read more via The ScoopNG –...

Nigeria’s Central Bank Governor Godwin Emefiele said on Tuesday he was optimistic the bank would resolve a dispute linked to allegations that South African telecom firm MTN moved funds out of the country illegally. The bank month ordered MTN and its banks to bring $8.134 billion back into …...

The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday warned that weak economic fundamentals currently being shown by the Nigerian economy are putting the country’s exit from recession under threat. Nigeria’s economy exited recession in 2017 after suffering contraction for...

The Central Bank of Nigeria has asked all customers of former Skye Bank now Polaris bank, not to fret or panic as their money in the bank is safe. This evening, the apex bank revoked the license of the former Skye bank. The CBN governor, Godwin Emefiele said the … Read more via...

The Federal Government says the sale of 21 per cent of its equity in the Nigerian Security Printing & Minting (NSPM) Plc to the Central Bank of Nigeria (CBN) will yield about N17 billion. The Director General of the Bureau of Public Enterprises (BPE), Alex … Read more via Premium Times...