CBN captures 31m Nigerians in Bank Verification Number Project
THE Central Bank of Nigeria CBN, has captured no fewer than 31 million account customers in its Bank Verification Number, BVN, project aimed at ensuring unique identifier in the Nigerian banking industry.
What MPC must do to boost economy, by stakeholders
AS the newly constituted Monetary Policy Committee (MPR) of the Central Bank of Nigeria (CBN) begins its first meeting tomorrow to decide on monetary policy direction for the next two months, financial market analysts have listed compelling reasons for the committee to end the two years old monetary tightening regime and lower the Monetary Policy Rate, MPR, to boost lending and enhance economic growth.
CBN recommends corporate bonds to finance houses
THE Central Bank of Nigeria, CBN, has recommended corporate bond issuance to finance houses (FHs) as a strategy for tackling the challenge of paucity of funds confronting the subsector.
Financial Inclusion: CBN, banks target 60m Nigerians with 500,000 agents’ network
The Central Bank of Nigeria (CBN), deposit money banks, licensed mobile money operators and super agents yesterday unveiled a new initiative designed to extend financial services to 60 million financially excluded Nigerians by year 2020.
CBN injects $210m as naira depreciates further to N360.23/$
By Adaeze Okechukwu The Naira, yesterday, depreciated further by 17 kobo to N360.23 per dollar, in the Investors and Exporters (I&E) window, even as the Central Bank of Nigeria (CBN) injected $210 million into the foreign exchange market. Acting Director, Corporate Communications Department (CCD), CBN, Mr. Isaac Okorafor confirmed the injection saying: “The CBN offered […]
TSA probe: CBN paid N7.6bn to MDAs without my authorisation—AGF
ACCOUNTANT General of the Federation, Mr Ahmed Idris, yesterday, pointed accusing fingers at the Central Bank of Nigeria, CBN, for using its powers to pay N7.6 billion to MDAs without his authorisation.
