central bank of nigeria

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 –...

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...

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

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...

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 –...

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...

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 …...

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)...

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 –...

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...

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...

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/...

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

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

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

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...

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...

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 …...

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...

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...