CBN partners with Cotton association to resuscitate CTG sector
The National Cotton Association of Nigeria(NACOTAN), says it will partner with the Central Bank of Nigeria(CBN), to quickens the Federal Government’s effort in resuscitating the Cotton Textile and Garment (CTG) sector. Mr. Anibe Achimugu, the National President of the association made this known in an interview with the News Agency of Nigeria (NAN) on Friday […]
Banks’ borrowing from CBN up 107% in Nov
BANKS’ borrowing from the Central Bank of Nigeria (CBN) rose by 107 percent to N662 billion in November, 2019.
ATM charges: Don urges enlightenment, enforcement
Prof. Sherifdeen Tella, a Senior Economist at the Olabisi Onabanjo University, Ago-Iwoye, Ogun, on Sunday called on the Central Bank of Nigeria (CBN) to enforce its new guidelines on ATM/electronic transfer charges. Tella told News Agency of Nigeria (NAN) on Sunday in Lagos that appropriate enlightenment campaign should also be carried out to inform bank […]
CBN slashes electronic transfer, ATM withdrawal charges
By Babajide Komoloafe The Central Bank of Nigeria (CBN) has reviewed downward electronic transfer and ATM fees as well as card maintenance fees. The new charges were contained in the latest Guide to Charges by Banks and Other Financial Institutions just released by the CBN According to the CBN, bank customers will now pay N10 […]
NGO, CBN inaugurate 10,000 hectares oil-palm plantation in Kogi
An Agro-based Non-Governmental Organisation, Stocks and Minas Agricultural Advocacy Network Africa (SMAANA) in collaboration with the Central Bank of Nigeria (CBN) on Saturday inaugurated a 10,000 hectares oil-palm plantation in Kogi. Mr Joseph Idoko, President of the NGO while inaugurating the plantation in Amaka, Igala-Mela/Odolu Local Government Area of the state, said the initiative was […]
Expert urges CBN to enhance domestic capacity to hedge inflation
An economist, Mr Moses Igbrude, has advised the Central Bank of Nigeria (CBN) to enhance domestic capacity to hedge the rising inflation.
CBN threatens to suspend bank accounts of palm oil smugglers
The Central Bank of Nigeria (CBN) has threatened to suspend accounts of corporate entities and supply chain enablers involved in smuggling palm oil and its products into the country.
Nigeria’s skewed housing programme worries CBN
Central Bank of Nigeria, CBN, has expressed worry on how housing projects in the country favour the upper class alone; leaving the lower class that it said has more need for shelter in desolation. The apex bank is also worried that whereas there is a burgeoning demand for affordable housing in Nigeria, the existing intervention […]
Reps Probe PPPRA over alleged non-remittance of N1.343 trillion
By Tordue Salem The House of Representatives has raised a panel to probe an alleged non-remittance of N1.343 trillion Internally Generated Revenue (IGR) to the Consolidated Revenue Account by the Petroleum Products Pricing Regulatory Agency (PPPRA). Two members of the House, Reps. Ossai Nicholas Ossai (PDP-Delta) and Julius Ihonvbere (APC-Edo), sought the probe, through a […]
Nigeria’s skewed housing programme worries CBN
CENTRAL Bank of Nigeria, CBN, has expressed worry on how housing projects in the country favour the upper class alone; leaving the lower class that it said has more need for shelter in desolation.
Over $60bn traded in I&E forex window ― Emefiele
…Urges banks to tackle constraints to digital finance By Babajide Komolafe Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele yesterday said that over $60 billion has been traded in the Investors and Exporters (I&E) window segment of the foreign exchange market since it’s inception in April 2017. Emefiele disclosed this in his opening address at […]
