Kudos, knocks, trail CBN’s Naira devaluation
Prof. Uche Uwaleke says the devaluation of the nation’s currency by the Central Bank of Nigeria (CBN) will discourage round-tripping and return of foreign investors.
Coronavirus: CBN advises Nigerians to adopt alternative payment methods
The Central Bank of Nigeria (CBN) on Tuesday advised Nigerians to adopt alternative payment methods like electronic transfers to avoid the spread of Coronavirus.
COVID-19: impact on economy becoming severe, investment in agriculture key — CBN
The Central Bank of Nigeria (CBN), says the impact of COVID-19 on economy is becoming severe, especially the declining global oil price and called for massive investment in agriculture.
CBN: Confronting challenges of the economy
By Arize Nwobu THE Nigerian economy which is the 31st largest economy in the world by GDP has numerous challenges, including stagnation as a factor-driven economy for 60 years. According to the World Economic Forum’s Global Competitiveness Report, Factor-driven economies are “where countries compete primarily on the use of natural resources, unskilled labour and companies […]
CBN widens activities of Mfbs to include issuance of CPs
The Central Bank of Nigeria (CBN) has widened the permissible activities of Micro Finance Banks (MfBs) to include the issuance of commercial papers (CPs) and appointment of agents under the Agency Banking Model.
CBN prioritises economic stability with Obiora as the new DG policy directorate
Dr. Kingsley Isitua Obiora, yesterday, in Abuja, formally assumed office as Deputy Governor of the Central Bank of Nigeria (CBN), replacing Dr. Okwu Nnanna, who exited from the Bank on February 2, 2020.
Obiora assumes duty as new CBN DG
Use your youthful energy for Nigeria- Emefiele charges Emma Ujah Dr Kingsley Isitua Obiora, yesterday, in Abuja, formally assumed office as Deputy Governor of the Central Bank of Nigeria (CBN), replacing Dr Okwu Nnanna, who exited from the Bank on February 2, 2020. Welcoming Dr Obiora on board, the Governor, Mr Godwin Emefiele, congratulated him […]
CBN goes tough on loan defaulters, vows to seize private jets owned by them
Central Bank of Nigeria, CBN, has promised to reduce the chunk of loans in the Asset Management Corporation of Nigeria.
CBN’ll off-take gold to boost profitability of artisanal miners-Adegbite
Flags-off Presidential Artisanal Gold Mining Devt Initiative By Gabriel Ewepu – Abuja The Minister of Mines and Steel Development, Architect Olamilekan Adegbite, at the weekend, disclosed that the Central Bank of Nigeria, CBN, will off-take gold to boost the profitability of artisanal miners in the country. Adegbite who was represented by the Director, Artisanal and […]
CBN clarifies position on operation of domiciliary accounts
The Central Bank of Nigeria (CBN) says it has not prohibited the acceptance of foreign currency cash deposits by Deposit Money Banks (DMBs). The CBN Director, Corporate Communications, Mr Issac Okorafor made the clarification while speaking to newsmen in Abuja on Sunday. A domiciliary account is a type of current account that allows you to […]
Complaints: CBN recovers over N82m for commercial banks customers in Katsina
The Katsina state branch of the Central Bank of Nigeria (CBN), says it facilitated the refund of N82.04 million to customers of commercial banks in the state in 2019, arising from 57 complaints received by the apex bank. Alhaji Dahiru Usman, Controller in charge of CBN Katsina branch, disclosed this to the News Agency of […]
