MAPs seek $1bn from CBN, BOI, others to close metering gap
THE Meters Asset Providers, MAPs, have appealed to the Central Bank of Nigeria, CBN, Bank of Industry, BOI, and other development banks to provide funds, targeted at enabling them close 4.5 million metering gap in Nigeria.
CBN spent N2trn to control excess cash in banks
THE Central Bank of Nigeria, CBN, spent N2 trillion to mop up liquidity in the banking system in 2018, up by 42 percent from N1.5 trillion in 2017. The sharp increase was triggered by increased liquidity level in the banking system during the year.
Senate commences Emefiele’s screening as CBN Gov. for 2d term
The Senate on Tuesday began the screening on the renewal of appointment of Godwin Emefiele as Governor of Central Bank of Nigeria (CBN) for a second term of office.
Expert urges CBN to sustain ban on 40 items to promote local production, generate jobs
An Economist, Mr Rasheed Yusuf, has urged CBN to sustain its ban on 40 items from accessing foreign exchange at the official window to promote their local production and generate more jobs.
No money missing, stolen in CBN, says spokesman
The Director, Corporate Communications, Central Bank of Nigeria (CBN) Mr Isaac Okoroafor said that no money is missing or stolen from the bank’s coffers as reported in some section of the media.
CBN dismisses fraud allegations against top officials
Central Bank of Nigeria, CBN, yesterday, dismissed as false and misleading allegations of fraudulent transactions against its top officials with respect to a purported N150 billion bad loan in its accounts for 2018.
