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central bank of nigeria

  1. Nigeria Business News

    Business UK $9bn court ruling: CBN to defend reserves – Vanguard News

    The Central Bank of Nigeria, CBN, has said that it will strive to protect the country’s currency reserves after a British court ruling granted Process and Industrial Developments Limited, a natural gas firm, the right to seize $9 billion in assets from … Read more via Vanguard News –...
  2. Nigeria Business News

    Business CBN to restrict forex on more food items, says Emefiele – The Guardian Nigeria News

    Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has disclosed that it will deny foreign exchange (Forex) for importation … Read more via The Guardian Nigeria News – Nigeria and World News – https://ift.tt/2KTiShI Get more: Nigeria Business News
  3. Nigeria Political News

    Politics Presidency Reacts To Financial Times Article Condemning Buhari’s Order To CBN – Stella Dimoko Korkus.com

    The Presidency has described as untrue the Financial Times report suggesting that Nigeria has placed restrictions on importation of agricultural products into the country. Buhari had ordered the Central Bank of Nigeria (CBN) not to release foreign exchange for food importation.... Read more...
  4. Nigeria Political News

    Politics ‘Nigerians Don’t Deserve To Suffer’, PDP Asks Buhari To Rescind CBN Directive – Channels Television

    The Peoples Democratic Party (PDP) has criticised President Muhammadu Buhari’s directive to the Central Bank of Nigeria (CBN) to stop providing foreign exchange for food importation. In a statement Thursday by its spokesman, Kola Ologbondiyan, the party said the directive was an attempt to...
  5. Nigeria Political News

    Politics House Of Reps Summons CBN, NNPC, Others – Nairaland

    The House of Representatives has summoned heads of four government agencies to appear before it, Igbere TV reports. The agencies include the Central Bank of Nigeria (CBN), Nigeria National Petroleum Coperation (NNPC), Department of State Services (DSS) and the Nigerian Customs. The decision...
  6. Nigeria Business News

    Business CBN Plans Single-digit Interest Loan For Oil Palm Producers In SE/SS – Naijabizcom

    The Central Bank of Nigeria on Monday unveiled fresh plans to revive the palm oil value chain to enable the sector to generate foreign exchange and reduce the level of unemployment in the country. The CBN Governor, Mr Godwin Emefiele, unveiled the strategies while speaking during a meeting...
  7. Nigeria Political News

    Politics ‘CBN is not a Ministry’ – Moghalu hits Buhari over Forex Order – Olisa.tv

    Kingsley Moghalu, former deputy governor of the Central Bank of Nigeria (CBN), has criticised President Muhammadu Buhari over his directive to the apex bank to halt foreign exchange for food importation. The president on Tuesday told the apex bank not to give a cent to anybody to import food …...
  8. Nigeria Business News

    Business Crazy billing: 8 banks vie for N17.5bn meter loan deals – Newtelegraph

    Eight commercial banks in Nigeria have put their hats in the ring for N17.5 billion pre-paid meter supply loan deals. The loans, investigation by New Telegraph last weekend showed, cover meter supply for just one business unit in one of the 11 distribution companies in the country, Ikeja...
  9. Nigeria Business News

    Business MTN Nigeria gets Fintech licence, launches Yello Digital Financial Services – Mobility Nigeria

    MTN Nigeria has successfuly secured a Super Agent Licence from Nigeria’s banking regulator, the Central Bank, to provide financial services in the country through its subsidiary, Yello Digital Financial Services (YDFS) Limited. This positions the company strategically to play in the booming...
  10. Nigeria Business News

    Business Kano firm petitions CBN, NDIC over alleged N86m scam – The Guardian Nigeria News

    A Kano based firm, Triple C Motors Nigeria Ltd, has petitioned the Central Bank of Nigeria (CBN) and Nigerian Deposit Insurance Corporation (NDIC), demanding payment of N86 million for the supply of seven vehicles to Fidelity Bank plc.... Read more via The Guardian Nigeria News – Nigeria and...
  11. Nigeria Business News

    Business Report: CBN intervening to prop up naira – Newtelegraph

    The Central Bank of Nigeria (CBN) has been intervening in the currency market over the past two weeks to keep the naira stable as foreign investors took profits after yields fell on the local debt market, Reuters reported a forex trader as saying yesterday. The naira was quoted at … Read...
  12. Nigeria Business News

    Business MTN To Convert Recharge Card Sellers To Financial Services Agents – Nairaland

    The management of MTN Nigeria Communications Plc has confirmed securing an approval from the Central Bank of Nigeria (CBN) to offer financial services to millions of residents of the country. A statement signed by its scribe, Uto Ukpanah, on Wednesday, July 31, 2019, said the licence … Read...
  13. Nigeria Business News

    Business CBN, IMF, experts disagree on multiple rates’ claims – The Guardian Nigeria News

    The officials of the Central Bank of Nigeria (CBN), the International Monetary Fund (IMF) and financial experts, in Lagos, yesterday, differed on the controversial issue of multiple exchange rates and its implications for the economy. The Senior … Read more via The Guardian Nigeria News –...
  14. Nigeria Business News

    Business CBN says milk importation “NOT BANNED”, blows hot on powerful Nigerians – Nairametrics

    The Central Bank of Nigeria (CBN) has revealed that milk importation is not banned as against widespread reports. The apex bank also launched a staunch attack on Nigerians who are regarded as “powerful and highly influential traders” following the recent controversies trailing … Read more...
  15. Nigeria Business News

    Business CBN: Detractors Misleading Public on Proposed Milk FX Restriction – Thisdaylive

    The Central Bank of Nigeria (CBN) yesterday said that since its announcement of plans to restrict access to foreign exchange (FX) for the importation of milk, some interests, who feel hurt by the … Read more via Thisdaylive – https://ift.tt/2KaKgan Get more: Nigeria Business News
  16. Nigeria Business News

    Business Nigerian Government To Ban Milk Importation, Says Annual Importation Costs $1.5bn – SaharaReporters.com

    Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN), said shortly after the Monetary Policy Committee (MPC) meeting Tuesday that the government would soon place restrictions on the importation of milk into the country. He noted that the country spends between $1.2-1.5bn to … Read...
  17. Nigeria Business News

    Business Emefiele: No Hurry to Cut Interest Rate – Thisdaylive

    The Central Bank of Nigeria (CBN) will leave interest rate unchanged for a long while, its Governor, Mr. Godwin Emefiele, said yesterday. He told journalists at the end of a two-day meeting of the Monetary Policy Committee (MPC) … Read more via Thisdaylive – https://ift.tt/2Ohtyvp Get...
  18. Nigeria Business News

    Business CBN confirms licensing three new banks – Newtelegraph

    The Central Bank of Nigeria (CBN) has licensed two new commercial banks and one non-interest bank, the apex bank announced yesterday. A list of deposit money banks (DMBs) and financial holding companies operating in the country as at July 19, 2019, posted on its website yesterday shows that...
  19. Nigeria Metro News

    Metro Nigerian Youths Cheat Themselves By Following #BBNaija – Kingsley Moghalu – Naijaloaded

    Former presidential candidate in the February 2019 election, Kingsley Moghalu, says Nigerian youths cheat themselves by deciding against voting and choosing to follow reality television shows like Big Brother Naija. The former Deputy Governor of the Central Bank of Nigeria (CBN) … Read more...
  20. Nigeria Business News

    Business CBN injects $210m in forex market – Vanguard News

    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, said this in a … Read more via Vanguard News –...