CBN reduces BDCs dollar rate
The Central Bank of Nigeria, CBN, Monday reduced the rate at which it sells dollars to BDCs to N357 per dollar, down from N360 per dollar.
Heritage Bank, CBN in N2b agro- industry funding
Heritage Bank Plc has said it is committed to the sustenance, growth and development of Nigeria’s agricultural sector.
CBN injects $210M as naira appreciates to N360.64/$
The Naira yesterday appreciated by 27 kobo to N360.64 per dollar in the Investors’ and Exporters’ (I&E) window, even as the Central Bank of Nigeria (CBN) injected $210 million into the foreign exchange market.
Banks must repay excess charges with interest, says CBN
The Central Bank of Nigeria (CBN), said any bank that deducts monies illegally from a customer’s account for products and services would be forced to refund the money to the customer with interest
Nigeria spends $36.3bn on fuel importation in 5 years — CBN
CENTRAL Bank of Nigeria, CBN, yesterday, disclosed that the sum of $119.409billion was spent on the importation of commodities into the country in five years.
Money laundering: New sanction regime will enhance public confidence-MfB operators
MICROFINANCE banks’ operators have commended the new Anti Money Laundering/Counter Financing Terrorism (AML/CFT) sanction regime saying it will enhance public confidence in the banking system.
Excess liquidity to persist as TBs record N808bn oversubscription
THE challenge of excess liquidity in the interbank money market will persist this week following over-subscription of N808 billion recorded in treasury bills offers last week.
Mixed reactions trail CBN’s move to sanction bank CEOs
Shareholders have expressed mixed reactions to plans by the Central Bank of Nigeria (CBN) to sanction Chief Executive Officers (CEOs) of banks that fail to submit audited results of their banks after 12 months.
CBN swaps $2.5b with China
The Central Bank of Nigeria (CBN) has executed a $2. 5 billion bilateral currency swap agreement with the Peoples Bank of China (PBoC).
Adamawa facilitates N1bn CBN loans for SMEs
The Adamawa government is set to access N1 billion from the Central Bank of Nigeria (CBN) to boost Small and Medium Enterprises (SMEs) in the state, following approval by the State Executive Council.
CBN captures 31m Nigerians in Bank Verification Number Project
THE Central Bank of Nigeria CBN, has captured no fewer than 31 million account customers in its Bank Verification Number, BVN, project aimed at ensuring unique identifier in the Nigerian banking industry.
No fire at CBN head office – officail
The Central Bank of Nigeria has denied reports that there was fire at its head office in Abuja
CBN captures 31m Nigerians in Bank Verification Number Project
The Central Bank of Nigeria (CBN) has captured no fewer than 31 million account customers in its Bank Verification Number (BVN) project aimed at ensuring unique identifier in the Nigerian banking industry.
Economic expansion persists in February—CBN report
CENTRAL Bank of Nigeria, CBN, yesterday released its Purchasing Managers Index, PMI report for February, saying economic expansion persisted for the 13th month in manufacturing and non manufacturing sectors.
CBN raises 2018 money supply growth forecast to 10.98%
THE Central Bank of Nigeria (CBN) last week released its Monetary, Credit, Foreign Trade and Exchange Guidelines for the 2018 and 2019 fiscal years, raising its money supply growth forecast for 2018 to 10.98 percent. The CBN had earlier projected a money supply growth of 10.29 percent for 2018.
CBN limits USSD transactions to N100, 000 per day
EFFECTIVE from June this year bank customers will not be able to use Unstructured Supplementary Service Data (USSD) channel to conduct transactions more than N100, 000 per day.
