CBN rolls out new anti money laundering sanction regime
The Central Bank of Nigeria (CBN) has rolled out a tougher sanctions regime for Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) which stipulates fines on banks, their directors and other key officials for 48 money laundering infractions.
Banks borrow N52tr from CBN as liquidity pressure intensifies
BANKS’ borrowing from the Central Bank of Nigeria (CBN) shot up by 80 percent to N52 trillion in 2017, from N29 trillion in 2016, due to pressure to survive the impact of high interest rate regime and ceaseless liquidity mop-up, driven by the tight monetary policy of the apex bank
CBN sustains intervention in foreign exchange market with $339.89m
The Central Bank of Nigeria (CBN) on Friday sustained its intervention in the Foreign Exchange market by injecting 339.89 million dollars in the Retail Secondary Market Intervention Sales (SMIS) segment.
CBN injects $210m as naira appreciates to N360.45/$
The Naira yesterday started the week with a 12 kobo appreciation to N360.45 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.
CBN sustains foreign exchange market liquidity with $210m
The Central Bank of Nigeria (CBN), on Monday injected 210 million dollars into the inter-bank Foreign Exchange Market, in its bid to sustain liquidity in the foreign exchange market.
Financial inclusion: Transaction settlement cycle frustrates agent banking operations
OPERATORS in the mobile money market appear to be struggling with services delivery due to the two days transaction settlement cycle of the Central Bank of Nigeria (CBN).
Flight to safety triggers N300bn decline in credit to private sector
CREDIT to the private sector fell by N300 billion to N21.99 trillion in January, occasioned by investors’ increased preference for safe assets with high yield as represented by government securities.
Emefiele reiterates CBN’s commitment to development of agriculture
GOVERNOR of Central Bank of Nigeria CBN, Mr. Godwin Emefiele has said that the apex bank remains committed to development of agriculture and allied products in the country.
CBN commences implementation of N500bn export facility
abuja—The Central Bank of Nigeria, CBN, yesterday said it has commenced the implementation of the N500 billion non-oil exports stimulation loan.
CBN, other stakeholders brainstorm on 7.6m new banking customers target in 2018
The Central Bank of Nigeria (CBN), bank operators and other stakeholders in the financial sector on Thursday deliberated on ways to ensure financial inclusion of additional 7.6 million Nigerians in 2018.
Senate gives c’ttee one week to screen 4 MPC members, CBN dep gov
THE Senate has mandated its Committee on Banking and other Financial Institutions to screen nominees for appointment as members of the Monetary Policy Committee, MPC, of the Central Bank of Nigeria, CBN, within the next one week.
CBN injects another $210m into foreign exchange market
The Central Bank of Nigeria (CBN) in its quest to guarantee the availability of foreign exchange for customers’ needs has injected another 210 million dollars into the foreign exchange market.
Emefiele seeks more management roles for women at banks’ board
The Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele on Thursday called for more appointment of women into management positions in banks.
CBN to increase women’s access to credit
Central Bank of Nigeria (CBN) has pledged to improve access to formal financial services for women, especially credit through its various intervention programmes.
Financial Inclusion: CBN grants Freedom Network super-agent licence
THE Central Bank of Nigeria, CBN, has granted an approval-in-principle, AIP, to 3Line Card Limited to operate as a super-agent in the nation’s financial services system in order to boost financial inclusion in Nigeria.
Non-reconstitution of CBN, NSITF, PenCom, SEC boards harming economy, warns NECA
NIGERIA Employers Consultative Association, NECA, weekend in Lagos, expressed concerns over non-reconstitution of the boards of some critical federal parastatals, especially Central Bank of Nigeria, CBN, Nigeria Social Insurance Trustfund, NSITF National Pension Commission, PenCom, and Security and Exchange Commission, SEC, among others.
