Micro-insurers must deposit 10% minimum capital with CBN — NAICOM
THE National Insurance Commission, NAICOM, has said that prospective microinsurers must maintain a statutory deposit of 10 percent of the minimum capital requirement with the Central Bank of Nigeria, CBN.
Losses to e-fraud declines by 38%
THE Central Bank of Nigeria (CBN) has said that losses to electronic fraud dropped by 38 percent to N406 million in two years.
CBN set to blacklist loan defaulters
The Central Bank of Nigeria under the auspices of the Bankers’ Committee has concluded plans to use the Bank Verification Number of customers to blacklist loan defaulters from accessing further loans in the nation’s banking system.
Cost of funds nosedives as CBN halts liquidity mop-up operations
COST of funds in the interbank money market fell sharply last week, as the Central Bank of Nigeria (CBN), for the first time this year, suspended its weekly liquidity mop-up operations signalling relaxation of its tight money policy. Average short term interest rates nose-dived by 2, 174 basis points (bpts), while interest rate on Collateralised lending fell by 2,066 bpts.
CBN unveils new measures to create jobs
Central Bank of Nigeria (CBN) has unveiled two-policy measures designed to accelerate the growth of the nation’s Gross Domestic Product (GDP), boost non-oil export revenue and facilitate job creation.
Abusers of naira notes risk six months in jail — CBN
The Central Bank of Nigeria (CBN) yesterday cautioned Nigerians against abusing the naira notes,warning that anyone caught would risk six months imprisonment or pay a fine of N50,000.
CBN inaugurates N6bn world-class Postgraduate Business School in ABU
The Central Bank of Nigeria (CBN) on Friday inaugurated a N6bn World-Class Postgraduate Business School at the Ahmadu Bello University (ABU), Zaria.
CBN to draft framework on credit to SMEs
The Central Bank of Nigeria (CBN) has disclosed plans to draft a framework on credit to Small and Medium Enterprises (SMEs) aimed at improving credit to the sector.
CBN begins implementation of N26.8bn AgriSME fund
The Central Bank of Nigeria (CBN) yesterday released the modalities for the operation of the N26.87 billion Agri-Business Small and Medium Enterprises Investment Scheme (AGSMEIS).
CBN tasks investors on job, wealth creation
The Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has urged the private sector to support the Federal Government’s efforts at increating jobs and stimulating growth of the Nigerian economy.
CBN injects $210m as naira depreciates to N360.5/$
The Central Bank of Nigeria (CBN) Tuesday injected $210 million into the interbank foreign exchange market.
Forex: CBN lifts market with $210m
The Central Bank of Nigeria (CBN) on Tuesday opened the foreign exchange market with the injection of another 210 million dollars to sustain liquidity.
CBN depreciates naira to N307/$ in official market
The Central Bank of Nigeria, CBN, Monday depreciated the naira to N307 per dollar for the first time in the official inter-bank market.
CBN, FIRS, others meet to strategize on FSS 2020
The Central Bank of Nigeria (CBN) and other agencies involved in the implementation of the Financial System Strategy (FSS 2020) will meet this week to re-strategise on implementation of the Financial System Strategy 2020.
Low income stratum must adopt digital banking to deepen financial inclusion — CBN
Low income stratum must adopt digital banking to deepen financial inclusion — CBN
Nigeria’s foreign reserve rises to $35.2bn — CBN governor
THE Governor of the Central Bank of Nigeria, CBN, Mr. Godwin Emefiele yesterday said the country’s foreign reserve had risen to $35.2 billion from $23 billion in October last year.
