What CBN says concerning the N75bn Youth Investment Fund
By Elizabeth Adegbesan The Central Bank of Nigeria (CBN) has released the framework for NIRSAL Microfinance Bank (NMFB) to commence the disbursement of the N75 billion Nigeria Youth Investment Fund (NYIF). The Federal Executive Council (FEC) on the 22nd of July, 2020 approved the money for the period of 2020 – 2023. The fund is dedicated […]
CBN, ABCON in FX market regulatory, control roles
By Emeka Anaeto In recent years, the Bureaux De Change (BDCs) have supported Nigeria’s growth agenda, the Central Bank of Nigeria (CBN’s) commitment to exchange rate stability and regulation for the industry. They have played stabilizing roles in the retail end of the nation’s foreign exchange market. Against the backdrop of these efforts to contribute […]
55 commodity associations demand unfettered access to foreign exchange
By Gabriel Ewepu – Abuja Following circular recently issued by the Central Bank of Nigeria, CBN, on control of foreign exchange access, 55 registered Commodity Associations under the auspices of the Federation of Agricultural Commodity Associations of Nigeria, FACAN, on thursday, demanded unfettered access to foreign exchange. This demand was made at a press conference […]
OPS slams CBN over third party ‘Form M’ policy
THE Organised Private Sector, OPS, has come down hard on the recent policy by the Central Bank of Nigeria, CBN, stopping third party opening of ‘Form M’ for import purposes, noting that it will cripple Small and Medium Enterprises, SMEs.
CBN’s Corporate Communication is like a battle front —Okoroafor
Mr Isaac Okoroafor, Director at the Central Bank of Nigeria, CBN, is due to bow out after over 15 years in the Corporate Communications function of the apex bank.
CBN licenses Greenwich as Merchant Bank
In a continuing move to expand the banking space, the Central Bank of Nigeria, CBN, has granted Greenwich Trust Limited licence to operate as a merchant bank in Nigeria
Oil palm growers commend Buhari, CBN for empowering small holder farmers
The Oil Palm Growers Association of Nigeria (OPGAN) has commended President Muhammadu Buhari and the Central Bank of Nigeria (CBN) for empowering smallholder farmers under the Anchor Borrower Programme (ABP). The newly-elected President of the association, Mr Joe Onyiuke made the commendation during a stakeholders’ forum on investment and funding opportunities in the oil palm […]
Ex-CBN director commends CBN on benchmark interest rate reduction
Dr Titus Okunrounmu, a former director, Budgetary Department of Central Bank of Nigeria (CBN), has commended the Monetary Policy Committee (MPC) of the Apex Bank for reducing the Benchmark Interest Rate (BIR) from 12.5 per cent to 11.5 per cent. Okunrounmu made the commendation in an interview with the News Agency of Nigeria (NAN), in […]
CBN cuts monetary rate to 11.5%
•Calls for urgent fiscal measures against inflation By Emma Ujah THE Central Bank of Nigeria (CBN) has cut the Monetary Policy Rate (MPR) from 12.5 per cent to 11.5 per cent, an indication of a reduction in the cost of funds by 100 basis points. The CBN Governor, Mr. Godwin Emefiele, disclosed this while presenting […]
CBN cuts monetary rate to 11.5%
…Calls for urgent fiscal measures against inflation By Emma Ujah THE Central Bank of Nigeria (CBN) has cut the Monetary Policy Rate (MPR) from 12.5 per cent to 11.5 per cent, an indication of a reduction in the cost of funds by 100 basis points. The CBN Governor, Mr. Godwin Emefiele, disclosed this while presenting […]
Just in: CBN cuts MPR to 11.5%
…Calls for urgent fiscal measures to address inflation By Emma Ujah The Central Bank of Nigeria (CBN) has cut the Monetary Policy Rate (MPR) from 12.5 per cent to 11.5 per cent, an indication of a reduction in the cost of funds by 100 basis points. The CBN Governor, Mr. Godwin Emefiele, disclosed this while […]
