Why real sector special funding facility is delayed — CBN
Contrary to insinuations that Central Bank of Nigeria, CBN, may have abandoned the plan to inject about N760 billion into real sector special credit facility following last week’s policy reversal, the apex bank has indicated that the plan is still alive.
Investors’ sentiment wanes against new CBN policy
LAGOS — Financial markets recorded dramatic reversal of fortunes barely 24 hours after a bullish reaction to new monetary policy measures introduced by the Central Bank of Nigeria, CBN.
CBN withdraws bailout funds of govs playing politics with them
The Central Bank Of Nigeria has taken tough measures against state governors who are playing politics with the Bailout Fund, with a decision to withdraw their allocations.
CBN licenses SunTrust Bank Nigeria Ltd
LAGOS—Central Bank of Nigeria, CBN, has granted a regional banking license to Suntrust Bank Nigeria Limited. This development increases the number of commercial banks in the country to 23, and also represents the first fresh banking license issued by the CBN since 2001.
BVN: Weekly Forex sale to BDCs falls by $100m
LAGOS — The Central Bank of Nigeria (CBN) has said that the introduction of the Biometric Verification Number (BVN) has led to reduction in the weekly sale of foreign exchange to bureaux de change by $100 million.
REMITA: Accountant-General, CBN meet SystemSpecs today
THE Office of the Accountant General of the Federation (OAGF) and the Central Bank of Nigeria (CBN) will today meet with SystemSpecs, banks and other stakeholders on the tariff for the transactions fees to be charged under the Treasury Singles Account (TSA).
