Why court ordered banks to unfreeze accounts of 20 alleged #EndSARS promoters
The Federal High Court sitting in Abuja, on Wednesday, vacated an order is made on November 4, 2020, which directed banks to freeze accounts that were linked to 20 alleged promoters of the #EndSARS protest that rocked the nation last year.
MPC retains MPR at 11.5% in first 2021 meeting
The Central Bank of Nigeria (CBN) on Tuesday held its 277th Monetary Policy Committee (MPC) meeting, the first in 2021, where members voted unanimously to retain the Monetary Policy Rate (MPR) at 11.5 per cent. Mr Godwin Emefiele, Governor of the CBN disclosed this while reading the communiqué from the meeting. Emefiele said the MPC also agreed […]
CBN advises against total lockdown as COVID-19 infections soar
The Central Bank of Nigeria (CBN) has advised against complete lockdown of the economy as a way of curbing the second wave of the COVID-19 pandemic.
CBN announces appointment of 3 Pre-Shipment Inspectors
The Central Bank of Nigeria (CBN) has announced the appointment of three Pre-Shipment Inspectors (PIAs) for non-oil export sector. They are Angila International Limited with the responsibility to cover North-West and North Central Zones; Neroli Technologies Limited will cover South-West and South-South; while Gojopal Nigeria Limited has been assigned South-East and North-East. READ ALSO: Oyo: […]
CBN retains interest rate at 11.5% – Report
The monetary policy committee of the Central Bank of Nigeria (CBN) on Tuesday unanimously voted to retain the monetary policy rate (MPR), which determines interest rate, at 11.5 percent. TheCable reported that Godwin Emefiele, governor of the CBN, announced the committee’s decision at the end of its two-day meeting. READ ALSO: APC government behind disunity […]
MINDING THE GAPS: As CBN gets set to disburse N75bn youth fund
By Emeka Anaeto, Business Editor The key focus of Nigeria’s public policy executives at this time is, exiting recession as quickly as possible; and there seems to be a consensus around this focal point across even political and policy divides. Given the impact of COVID-19 on key macroeconomic variables, fiscal and monetary authorities took unprecedented […]
CBN disburses N1.8trn for developmentt financing
By Elizabeth Adegbesan The Central Bank of Nigeria, CBN, said it disbursed N1.79 trillion for financing development in nine schemes from January to September 2020. This is contained in the apex bank’s October 2020 Economic Report released last weekend. Analysis of the report shows that out of the amount disbursed, N1.19 billion was deployed to […]
Revised cheque book becomes fully operational April 1, says CBN
The CBN has advised all Deposit Money Banks (DMBs) accredited Cheque Printers/Personalised, and the Nigeria Interbank Settlement System (NIBSS), to enlighten their customers on the revised cheque book, introduced across all banks.
Food Security: Stakeholders offer opposing views on benefits of border re-opening
The Central Bank of Nigeria has in recent years come up with different programmes to grow the country’s agriculture and ensre food security in the country. One of such programmes is the Anchor Borrowers’ Programme.
Diaspora Remittances: CBN flays continued remittances in Naira
The CBN has expressed displeasure over continued diaspora remittances into the country in Naira instead of dollars, by International Money Transfer Operators (IMTOs) and unlicensed companies, contrary to its directives.
CBN provides N10bn intervention funds to Kano to revive industries – Consortium
Kano Investment and Diaspora, in partnership with the Foreign Commonwealth Development ((LINKS) and Manufacturers Association of Nigeria (MAN) have secured a N10 billion intervention fund from the Central Bank of Nigeria (CBN) to revive companies impacted by the Covid-19 pandemic. Speaking at the sensitization meeting on Kano Turnaround Project, on Monday, in Kano, the Director […]
