CBN gets set for eNaira, more measures put in place
By Emeka Anaeto, Business Editor There are indications that the Central Bank of Nigeria, CBN, is almost ready to usher in a new level of financial transaction experience in Nigeria called eNaira. Last week the apex bank announced the formal engagement of the global Fintech company, Bitt Inc., as the Technical Partner for its digital […]
Breaking: CBN retains rate 11.5%
…To continue managed -floating forex regime …As Emefiele confirms Tucano jets paid for, 6 to arrive in July Emma Ujah, Abuja Bureau Chief The Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR) at 11.5 per cent, along with all its parameters. The CBN Governor, Mr. Godwin Emefiele, disclosed today, while presenting the decisions of Monetary […]
Osinbajo wades into govs, CBN dispute over budget facility repayment
ABUJA—Vice President Yemi Osinbajo is to meet soon with representatives of state governors, the Minister of Finance, Budget and National Planning, and the Governor of Central Bank of Nigeria, CBN, in an attempt to resolve the disagreement over the repayment of the budget support facility obtained by the states.
Still on CBN action on First Bank
Mrs Ibukun Awosika, former chairman of First Bank Plc, FBN, was reported in a national newspaper insisting that the Board did the right thing in sacking the reinstated Managing Director, Dr Adesola Adeduntan. Before bringing some of the published text of Mrs Awosika’s assertion, permit me to provide some background information to this article.
CBN extends Naira-4-Dollar scheme indefinitely
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: “Further […]
CBN extends Naira 4 dollar incentive for diaspora remittances
The Central Bank of Nigeria (CBN) has announced an extension to its Naira 4 dollar incentive to encourage diaspora remittances till further notice. The apex bank announced the extension on Wednesday through a memo by Saleh Jibrin, Director of Trade and Exchange Department, addressed to Deposit Money Banks (DMBs), International Money Transfer Operators (IMTOs), and […]
