Just in: CBN extends Naira 4 Dollar Scheme
By Elizabeth Adegbesan The Central Bank of Nigeria, CBN, said it has extended its Naira 4 Dollar Scheme until further notice. The apex bank disclosed this in a circular titled: “Re: Introduction of the CBN’s “Naira 4 Dollar Scheme’’, for Diaspora Remittances.” The circular, signed by Director, Trade and Exchange Department, CBN, Saleh Jibrin stated: […]
CBN retains MPR at 11.5%, parameters constant amidst policy dilemma
In the midst of confessed policy dilemma and other monetary considerations, the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) has retained the Monetary Policy Rate at 11.5 per cent. CBN Governor, Mr Godwin Emefiele, who made this known on Wednesday while presenting the communique from the MPC meeting, said that the committee also […]
CBN to sell N570bn Treasury Bills by Q2’21
The Central Bank of Ni Nigeria, CBN, said it will sell N570 billion worth of Treasury Bills (TBs) in the second quarter of 2021 (Q2’21).
Naira4dollar scheme: Another boost for remittance inflows?
By Babajide Komolafe The price of crude oil has been on the upward trend since November 30 last year, courtesy of the production cut by OPEC+ and the recent drone attack on one of Saudi Arabia’s major oil facilities. For example, the price of Nigeria’s Bonny Light crude oil rose steadily to $68.19 per barrel […]
Customers to pay N6.98 for USSD transaction – CBN
The Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC) have introduced new charges for customers for the Unstructured Supplementary Service Data (USSD) services, effective March 16. This is contained in a joint statement issued on Tuesday by the CBN and the NCC on pricing of USSD services posted on the apex bank […]
Breaking: Bank customers to pay N6.98k for USSD transactions — CBN, NCC
By Elizabeth Adegbesan The Central Bank of Nigeria, CBN, and Nigerian Communications Commission (NCC) today said that bank customers are to begin paying N6.98 kobo per Unstructured Supplementary Service Data (USSD) transactions commencing today. The price replaced the former per session billing structure for USSD transactions. They disclosed this in a joint statement on pricing […]
ACGSF: CBN gives award to three farmers in Delta
THE Central Bank of Nigeria, CBN, Asaba branch, weekend, rewarded three overall best farmers in Delta State under its Agricultural Credit Guarantee Scheme Fund, ACGSF.
CBN awards best farmers in Cross River
The Central Bank of Nigeria through its Agricultural Credit Guarantee Scheme Fund, ACGSF, has awarded the three best farmers who borrowed under the scheme and kept good records while repaying their loans as when due.
NEYLC hails CBN Governor’s healthcare intervention scheme
ABUJA The Nigeria Ethnic Youth Leaders Council has lauded the Governor of the Central Bank of Nigeria, Godwin Emefiele, over the bank’s Healthcare Sector Research and Development Intervention Scheme.
CBN disburses N85bn as credit support to 80 health projects, says Director
The CBN says it has disbursed over N85 billion to no fewer than 80 projects, under its Healthcare Credit Support scheme, the bank’s Director of Development Finance, Mr Yila Yusuf, has announced In an interview with News Agency of Nigeria (NAN) on Wednesday, in Abuja, Yusuf said that the projects cut across medical, pharmaceutical, herbal and […]
CBN invests N85.9bn in health sector
…Disburses N253.5m to COVID-19 vaccines researchers …As SGF says Nigeria must mass produce vaccines …CACOVID donates incinerator, 260 oxygen cylinder to LASG By Emma Ujah, Abuja Bureau Chief The Central Bank of Nigeria, CBN, has spent the sum of N85.89 billion on its Health Sector Intervention Facility (HSIF). CBN governor, Mr. Godwin Emefiele, disclosed this, […]
$25bn CBN overdraft: SERAP writes Buhari, seeks spending details of overdrafts since 1999
Socio-Economic Rights and Accountability Project (SERAP) has urged President Muhammadu Buhari to “provide spending details of the overdrafts and loans obtained from the Central Bank of Nigeria (CBN) by the Federal Government since May 29, 2015 including the total overdrafts, the projects on which the overdrafts have been spent; repayment of all overdrafts to date, […]
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.
P&G, Colori, sign local production Contract, CBN to Promote Local Manufacturing
…To commence local production of Oral B Products To further strengthen its commitment towards localization of production in Nigeria, leading Consumer Goods Company in Nigeria, Procter & Gamble (P&G) has partnered with Colori for the local production of its Oral Care products, OralB. This partnership represents a new investment of $35Million dollars, consolidated with a […]
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.
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. […]
