central bank of nigeria

  1. Nigeria Business News

    Business N500, N1000 Denominations Most Commonly Counterfeited Banknotes – CBN – Leadership Newspaper

    The Central Bank of Nigeria (CBN) yesterday said that a total of 119,663 pieces of counterfeit notes with a nominal value of N98.82 million was recorded in 2018. The bank said this in the Currency Operations 2018 Annual Report, posted on its website.... Read more via Leadership Newspaper –...
  2. Nigeria Business News

    Business Buhari enjoined to appoint Emefiele, others in Economic Advisory Council – Nairametrics

    President Muhammadu Buhari has been urged to include the governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, the Minister of Finance, Zainab Ahmed as well as some other ministers in the Economic Advisory Council (EAC). This was said by the Managing Director/Chief Executive Officer...
  3. Nigeria Business News

    Business Investors anticipate further decline in TB rates as CBN sells N122bn – Vanguard Nigeria

    The decline in yields on treasury bills (TB) which commenced last month is expected to persist this week when the Central Bank of Nigeria (CBN) sells N122 billion worth of fresh bills. .... Read more via Vanguard Nigeria – https://ift.tt/2B5qsRV Get more: Nigeria Business News
  4. Nigeria Business News

    Business With Two PSB Licences, Telcos Set to Deepen CBN’s Financial Inclusion – Thisdaylive

    Fresh facts have emerged that two out of the three institutions the Central Bank of Nigeria (CBN) recently granted Approval-in-Principle (AIP) to commence operations as Payment Service Banks (PSBs) are owned by two of the leading telecommunications companies (telcos), THISDAY investigation has...
  5. Nigeria Business News

    Business Nigeria needs a new national business model away from oil rent – ex-CBN chief, Charles Soludo – Pulse Nigeria

    Former Central Bank of Nigeria (CBN) governor, Prof. Chukwuma Charles Soludo, has called for a new business model that will focus on wealth creation rather than sharing and consumption of oil rents. Nigeria is among the largest oil and gas producers in Africa... Read more via Pulse Nigeria –...
  6. Nigeria Business News

    Business CBN raises lenders’ Loan to Deposit Ratio to 65% – Newtelegraph

    Even as some big banks reportedly failed to meet its initial September 30 deadline to attain a minimum Loan to Deposit Ratio (LDR) of 60 per cent, the Central Bank of Nigeria (CBN) has reviewed the LDR target upwards to 65 per … Read more via Newtelegraph – https://ift.tt/2p8XTA8 Get more...
  7. Nigeria Business News

    Business Banks pressured as nation grapples with oil dependence – Newtelegraph

    With Nigeria’s political class over the years failing to set the country on the right path by reducing its dependence on oil revenue, the Central Bank of Nigeria (CBN) has not only stepped up its developmental activities, it has also increased pressure on deposit money banks (DMBs) to help …...
  8. Nigeria Business News

    Business CBN increases LDR to 65%, sets December deadline – Nairametrics

    The Central Bank of Nigeria (CBN) has issued a fresh circular mandating commercial banks operating in the country to lend out up to 65% of their customer deposits. In a new circular addressed to all banks obtained by Nairametrics, the CBN disclosed that the minimum Loan to Deposit Ratio (LDR)...
  9. Nigeria Business News

    Business CBN Moves to End $2bn Annual Importation of IT Solutions – Thisdaylive

    The Central Bank of Nigeria (CBN) has expressed its resolve to curb the $2 billion spent annually on the importation of information and technology (IT) solutions that could have been produced in Nigeria. The CBN Governor, Mr. Godwin Emefiele, in an … Read more via Thisdaylive –...
  10. Nigeria Sports News

    Sports CBN wins 33rd edition of financial institutions football competition – Vanguard News

    The Central Bank of Nigeria (CBN) on Saturday won the 33rd edition of the Financial Institutions football competition by defeating the Unity Bank team 1-0 in the final. CBN wins 33rd edition of financial institutions football competition The match played inside the Pa Ngele Oruta stadium, saw...
  11. Nigeria Business News

    Business CBN says New Deposit/Withdrawal Processing Fees Only on Amount in Excess of Limit – BellaNaija

    The Central Bank of Nigeria (CBN) has given further clarification on the newly-implemented cash deposit /withdrawal policy in deposit money banks. The CBN has clarified that charges on deposit and withdrawal will be carried out only on the excess of the limit it has set. According to the...
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    Video Nigeria News Today - Xenophobia: Let’s all donate 100k each to Air Peace crew

    Todays News Highlights Include https://www.nigerianbulletin.com/threads/xenophobia-let%E2%80%99s-all-donate-100k-each-to-air-peace-crew-%E2%80%93-house-of-rep-legit-nigeria-news.404206/...
  13. Nigeria Business News

    Business CBN Cashless Policy: Implementation in public interest – Emefiele – P.M. News

    Mr Godwin Emefiele the Governor of Central Bank of Nigeria (CBN) says the implementation of cashless policy in six states of the federation is in public interest to promote an efficient payment system.... Read more via P.M. News – https://ift.tt/2OdjNNl Get more: Nigeria Business News
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    Video Nigeria News Today - Sanwo-Olu gives N20K each to 315 returnees from South Africa

    Today's News Highlights Include https://www.nigerianbulletin.com/threads/breaking-reps-orders-cbn-to-suspend-cashless-policy-daily-post.404115/...
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    Politics BREAKING: Reps orders CBN to suspend cashless policy - Daily Post

    The House of Representatives has asked the Central Bank of Nigeria to suspend the planned Cashless policy. The House resolved to mandate the committee on banking to investigate the policy and report to the House in 4 weeks. read more
  16. Nigeria Business News

    Business CBN okays three payment service banks to boost financial inclusion – The Guardian Nigeria News

    Experts say extra charges on transactions good for cashless policy To boost financial inclusion and the payment system by increasing access to deposit products and payment services through a secured technology-driven environment, the Central Bank of Nigeria (CBN) has issued...
  17. Nigeria Political News

    Politics CBN Gov, Emefiele, NDDC management to appear before Reps C’ttee – Vanguard News

    Rep. Nicholas Ossai (ODP-Delta) Chairman, House of Representatives Committee investigating abandoned projects in the Niger Delta, says that the Governor of the Central Bank of Nigeria (CBN) Godwin Emiefele, will appear before the committee on Thursday, Sept. 19..... Read more via Vanguard...
  18. Nigeria Business News

    Business Banks Intensify Drive to Meet 60% Loan-to-Deposit Target – Thisdaylive

    With two weeks to the September 30 deadline given by the Central Bank of Nigeria (CBN) for commercial banks to maintain a minimum Loan-to-Deposit Ratio (LDR) of 60 per cent, the financial institutions have launched an aggressive deposit drive to meet the target, findings by THISDAY have …...
  19. Nigeria Business News

    Business CBN injected $2.63 billion to defend Naira in one month – Nairametrics

    As part of its continued intervention in the foreign exchange market, the Central Bank of Nigeria (CBN) injected a cumulative sum of $2.63 billion to further sustain relative stability in the Foreign Exchange (FX) market. According to the latest CBN’s monthly economic report covering the...
  20. Nigeria Business News

    Business Mutilated notes can still be returned after September 2 – CBN – Nairametrics

    News making the rounds on Friday was that banks would stop collecting mutilated Naira notes after September 2nd, 2019 as that’s the deadline set for customers to deposit their mutilated Naira notes at the banks. Guaranty Trust Bank Plc (GTBank) was said to have … Read more via Nairametrics...