Babajide Komolafe The Central Bank of Nigeria (CBN) on Monday suspended the clearing of cheques until further notice. The decision, the apex court said was due to the government’s restriction of movement in Lagos Abuja and Ogun and the need to ensure hitch-free clearing and settlement activities. The Director of Banking Services at CBN, […]

CENTRAL Bank of Nigeria (CBN) said that the N100 billion credit support to the health sector created as part of measures to address the impact of the Coronavirus, COVID-19, pandemic on the Nigerian economy, will operate till 2030.

…A call to emulate Trump in saving Lagos, Abuja, Enugu, PH, Kano By Chris Aligbe The Covid-19 pandemic as declared by the World Health Organisation (WHO) is no longer a tale but a stark reality. Its global impact on all facets of human existence, from the social to the economic and from physical life itself […]

The Central Bank of Nigeria, CBN has suspended the issuance of Foreign Exchange, forex and granted a two week market holidays to the Bureaux De Change, BDC operators.

Temi Okesanjo Coronavirus has affected hundreds of thousands of people, and the growing impact on the global economy calls for business leaders to take a lead in providing solutions on the evolving situations and implications of Covid-19 in the business sector. The question of whether the economy goes into a recession might be determined by […]

Analysts laud N3.5trn stimulus measures By Babajide Komolafe Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele, is leading banks in engagement with the nation’s trade partners and creditors in a bid to sustain confidence and preserve foreign trade commitments. Speaking after a meeting with banks’ Chief Executive Officers in Lagos, Emefie said: “Engagements will […]

The Central Bank of Nigeria (CBN) yesterday said that    it will remain operational during the COVID-19 period.

The Central Bank of Nigeria (CBN) says it has triggered business continuity plans to ensure the bank’s operations remain uninterrupted despite COVID-19 outbreak in the country. Mr Isaac Okorafor, the CBN Director of Corporate Communications Department, said this in a statement in Abuja on Wednesday. Okorafor disclosed that the apex bank had directed Deposit Money […]

IT is hardly surprising that the Central Bank of Nigeria, CBN, under Governor Godwin Emefiele, has once again taken a significant step which should guide the actions of the Muhammadu Buhari administration to look inwards for much of the solutions to our economic problems. At the bank’s forum in Abuja on Wednesday last week, Emefiele […]

The Central Bank of Nigeria has been accused by the Abuja Chamber of Commerce and Industry (ACCI) of stifling the growth of small and medium scale enterprises in the country as a result of its stringent rules for accessing the N220 billion Micro, Small and Medium Enterprises (MSMEs) Development Fund.