CBN introduces N5 incentive per dollar for diaspora remittances
The Central Bank of Nigeria (CBN) on Saturday introduced a new incentive to encourage inflow of diaspora remittances.
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Tag: CBN
CBN guarantees N122.6bn agric loans
The Central Bank of Nigeria (CBN) has guaranteed a total of N122.6 billion loans under the Agricultural Credit Guarantee Scheme Fund (ACGSF) as at end 2020.
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CBN guarantees N122. 6bn ACGSF loans
By Emma Ujah The Central Bank of Nigeria (CBN) has guaranteed a total of N122.632 billion loans under the Agricultural Credit Guarantee Scheme Fund (ACGSF). The Chairman of the Fund’s Board, Mr. Stephen Okon, disclosed this, in Abuja, yesterday, at the National Award Ceremony for the Best Farmer of the Year 2020 under the scheme.
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CBN plans to strengthen Naira, economy through $15bn Dangote refinery
…As fertilizer plant comes on stream March By Udeme Akpan THE Central Bank of Nigeria, CBN, has concluded plans to strengthen the Naira, and by extension the nation’s economy through the $15 billion Dangote Refinery. Specifically, the CBN governor, Mr. Godwin Emefiele, who visited the Project at Ibeju Lekki, Lagos, weekend, said: “We have taken
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How banking consolidation made ‘rich, mighty Nigerians’ — Soludo
The former governor of the Central Bank of Nigeria, CBN, Professor Charles Soludo, has said that but for the banking consolidation he supervised, there would be no mega-businesses and the rich would not be where they are today.
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Dangote Refinery to sell refined crude to FG in naira – Emefiele
The Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, says arrangement is being made to enable the Dangote Refinery sell refined crude to Nigeria in naira when it commences production. Emefiele also disclosed that the first shipment of Urea from the Dangote Fertiliser Plant would begin in March to help boost agriculture in the
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Photos from Bankers Committee, Vanguard summit
Vanguard Media Ltd., publishers of Vanguard newspapers, the Central Bank of Nigeria, CBN, and Bankers Committee’s Initiative for Economic Growth, held a one-day summit on the theme “How to Overcome the Pitfalls of Recession: Bankers’ Perspectives on an Enduring National Growth Path”, on Friday, February 26.
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Challenges, prospects of increasing access to insurance
By Rosemary Iwunze In 2012, the Central Bank of Nigeria, CBN, launched the National Financial Inclusion Strategy with the aim of increasing the number of adults that have access to financial services to 80 per cent by 2020. To achieve this, different targets were set for each sector of the financial system. For the Insurance
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Stakeholders speak on CBN’s N50bn commodity exchange, mop-up of produce
By Gabriel Ewepu The Central Bank of Nigeria, CBN, recently got an approval from the Federal Government to inject N50 billion into the commodity exchange to mop up produce from farmers and aggregators and sell through an application like the normal stock exchange. CBN Governor Godwin Emefiele said despite huge gains made by the apex
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CBN on Cryptocurrency: Patricia Technologies assures customers of funds safety
Addressing the CBN circular’s impact on her services and partnership with foreign payment solutions company; Vaunt, Patricia Technologies has assured his customers of safety and good service without flouting the regulatory body’s position. In a release signed by the company, February 18, 2021 the company assured all their customers of their funds’ safety in their
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