CBN, banks working to clear backlogs of forex within 2 weeks – Acting gov, Shonubi
The Acting Governor of the Central Bank of Nigeria, CBN, Mr Folashodun Adebisi Shonubi has disclosed that banks and the apex bank are working assiduously to clear the backlog of foreign exchange in the country.
CBN: Revitalising quest for $200bn non-oil export
Nigeria’s economy is set for another significant leap in non oil export earnings following new measures announced by the Central Bank of Nigeria, CBN to enhance the performance of the Race to $200 billion Non Oil Export earnings programme, RT200
CBN vows to penalize shipping lines over undocumented exports
The Central Bank of Nigeria (CBN) has threatened to penalize shipping companies exporting undocumented cargoes from the country.
CBN bans foreign banks’ rep office from banking business
The Central Bank of Nigeria, CBN, has banned representative offices of foreign banks from engaging in banking business in the country.
We’re not phasing out redesigned Naira notes- CBN
The Central Bank of Nigeria (CBN) has debunked reports that it planned to phase out the newly redesigned N1, 000, N500 and N200 notes.
What Tinubu should look our for in next CBN governor – Deji Adeyanju
A socio-political activist, Deji Adeyanju, has advised the President-elect, Asiwaju Bola Tinubu on the qualities to look out for in the next Governor of the Central Bank of Nigeria, CBN that will work in his incoming administration.
Fish farmers, CBN differ on access to Anchor Borrowers Fund
Fish Farmers have blamed their inability to access the Anchor Borrowers Fund, ABF, on the uncooperative attitude of commercial banks and the Central Bank of Nigeria CBN.
Make e-Naira work outside Nigeria, VC urges CBN
The Vice Chancellor of the University of Ilorin, Prof. Wahab Olasupo -Egbewole (SAN), has advised the Central Bank of Nigeria (CBN) to make the e-Naira policy accessible to Nigerians abroad to facilitate the settlement of their international transactions.
Nigeria’s bleeding economy and quest for sound CBN Governor
At no time in history has the global social and economic dynamics been so challenged like now. It is coming at a time of Nigeria’s transition from one government to another.
Dormant accounts: CBN slams N2m fine on erring banks
The Central Bank of Nigeria, CBN, has slammed a minimum fine of N2 million as penalty on banks that disobey its new guidelines on the management of dormant accounts, unclaimed balances and other financial assets in financial institutions in the country.
Economic challenges and dynamic policies of CBN
By ARIZE NWOBU THE challenges of the Nigerian economy seem to be intractable due to factors such as: over reliance on oil which discouraged effective diversification; committal of the ‘original sin’, which is the inability to issue debt in local currency; and reliance mostly on external grants and concessional loans to fund government deficits and […]
