CBN moves to capture 200,000 maize farmers in Nigeria
By Festus Ahon – Asaba The Central Bank of Nigeria, CBN, on Tuesday, expressed its readiness to capture 200,000 maize farmers across the country with a view to boosting maize production in Nigeria. The Director Head of Finance Development, CBN, Mr. Ihua Elenwor disclosed this in Asaba, Delta State during the flag-off of 2020 wet […]
CBN’s COVID-19 STIMULUS PACKAGE: Analysts examine gains so far
*Forbearance on financial assets of banks By Emeka Anaeto, Business Editor By end of this week, the Nigerian economy would be completing its second month under an unprecedented stimulus regime. The businesses which are just wriggling out of a lockdown would have been fully or partially adjusted to a new normal in terms of the […]
COVID-19: CBN to give grants to scientists, researchers to aid produce local vaccines ― Emefiele
—Virus has reawakened collaboration between critical partners—SGF —Equipment for public hospitals later – Sahara Group —As donations by private sector hits N27bn By Johnbosco Agbakwuru ABUJA—-THE Central Bank of Nigeria, CBN, on Tuesday, disclosed that it was developing a framework that would provide grants and long term facilities for researchers, science institutions and biotechnology firms […]
COVID-19: CBN ready to support home grown vaccine – Emefiele
The Governor Central Bank of Nigeria, CBN, Mr. Godwin Emefiele, has announced that the apex bank is ready to support researchers, science-based institutions and biotechnology firms with N100b grant in the quest for a homegrown vaccine to fight Corona Virus Disease in Nigeria.
COVID-19: CBN, Bankers’ committee suspend retrenchment of banks’ staff
The Central Bank of Nigeria (CBN) and Bankers’ Committee on Sunday suspended retrenchment or laying-off of any staff of banks, whether full or part-time. The CBN Director, Corporate Communications Department, Mr. Isaac Okorafor made this known in a statement in Abuja. Okorafor explained that the decision was taken to minimise and mitigate the negative impact […]
BREAKING: CBN, Bankers Committee halt sack of banks’ workers
Emma Ujah The Central Bank of Nigeria (CBN) has halted lay-offs by banks. The apex bank said in a statement Sunday evening that the decision was taken after a special meeting of the Bankers’ Committee. According to the statement by the Director of Corporate Communications, Mr Isaac Okoroafor, no sack of either permanently or Adhoc […]
COVID-19: Withdraw old naira notes from circulation, group tells CBN
The Association of Progressive Nigerians has appealed to the Central Bank to withdraw old and tattered naira notes from circulation as the country is battling COVID- 19 pandemic.
NIRSAL Microfinance Bank begins CBN N50bn COVID-19 facility disbursement
NIRSAL Microfinance Bank, NMFB, yesterday, commenced the disbursement of the Central Bank of Nigeria, CBN, N50 billion COVID-19 facility to beneficiaries.
CBN resumes forex sales to commercial banks
The Central Bank of Nigeria (CBN) yesterday said it has resumed the sale of foreign exchange (Forex) to commercial banks in view of the gradual easing of Corona Virus Disease (COVID 19) lock down.
CBN lifts suspension on cheque clearing
The Central Bank of Nigeria (CBN) has directed deposit money banks to attend to customers who wish to clear cheques. In a statement by Sam Okojere, Director, Banking Services Department, CBN, the apex bank said that the suspension placed on cheque clearing has been lifted effective April 28. CBN had on March 30, suspended cheque […]
Private sector donations hit N27.160bn — CBN
The Nigeria Private Sector Coalition Against COVID-19 CACOVID, has so far realised about N27.160 billion to help fight the coronavirus pandemic in the country.
