Retirement of over 1,000 CBN staff: Reps to probe sack, N50bn payoff
The House of Representatives, Tuesday, resolved to investigate the retirement of no fewer than 1,000 staff of the Central Bank of Nigeria, CBN, and the associated N50billion Payoff Scheme.
CBN rallies DBN, BoI to bridge N294bn women entrepreneurs financing gap
The Central Bank of Nigeria (CBN), in collaboration with the Development Bank of Nigeria (DBN) and the Bank of Industry (BoI), has signed the Women Entrepreneurs Finance (We-Fi) Code, a commitment aimed at mobilizing funds to close the N294 billion financing gap faced by women entrepreneurs in Nigeria. The signing of the code, a global initiative, took place in Abuja.
CBN is serious about fair, efficient markets – Cardoso
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has said that the Bank’s decision to implement the Electronic Foreign Exchange Matching System (EFEMS) is rooted in the understanding that trust is essential to central banking.
Shock as banks record huge profit amidst gloomy economy
•Earnings rise 132% to N11.7trn, as profit skyrockets 101.9% •Interest income nears N7trn •Credit to private sector declines 4.3% •Analysts warn of looming danger to economy
CBN introduces electronic exchange matching system for FX transactions
The Central Bank of Nigeria (CBN) has announced the introduction of the Electronic Foreign Exchange Matching System (EFEMS) for Foreign Exchange (FX) transactions within the Nigerian Foreign Exchange Market (NFEM).
New CBN interest rate’ll increase unemployment – Small business owners
“We may begin to see more ailing or comatose businesses. Our competitiveness… will be further be challenged as made-in-Nigeria products will be naturally more expensive than before”
