CBN, BPE sign sale of 12.69bn FG shares in Minting Company
THE Central Bank of Nigeria, CBN, and the Bureau of Public Enterprises, BPE, Tuesday formally signed the instrument for the sale of 21 percent of the federal government’s interest in the Nigeria Security Printing and Minting Company, NSPMC.
MTN Nigeria denies CBN claims on illegal repatriation of $8.1b
MTN Nigeria on Thursday refuted the claims by the Central Bank of Nigeria that it illegally, in collusion with four Nigerian banks repatriated $8.1billion from its Nigerian operations to offshore investors.
Breaking: CBN sanctions Telco, banks
The Central bank of Nigeria (CBN) has directed a telecommunication company immediately refund the sum of $8,134,312,397.63, illegally repatriated by the company to the coffers of the Central Bank of Nigeria.
CBN boosts foreign exchange market with $210m
The Central Bank of Nigeria (CBN), has injected 210 million dollars into the inter-bank Foreign Exchange Market to ensure adequate supply of foreign exchange to customers.
CBN: Revving up liquidity and capital inflows
THE Central Bank of Nigeria,CBN, has systematically evolved innovative policies aimed at revving up liquidity and energetic capital inflows to impact economic activities towards building a healthy and balanced economy.
Tax remittance: BDCs to petition CBN over suspension of bank accounts
Bureaux De Change (BDCs) operators across the country are set to petition the Central Bank of Nigeria (CBN) against ongoing suspension of their bank accounts over demand for tax remittances on their turnover volumes.
N220bn SME Fund: CBN using stringent condition to mitigate risk – MfB boss
Managing Director, Okuta Microfinance Bank Limited, Apostle Blessed Dike, in this interview explained why most Microfinance Banks, MfBs, are unable to access the N220 billion Micro Small and Medium Enterprises Development Fund, MSMEDF. Excerpt:
Loans for manufacturing, agric, other sectors at 9% : CBN issues guidelines
Agricultural, manufacturing and the sectors considered as growth and employment stimulating, can now borrow long term as much as N10billion at consolidated nine per cent interest rate under new guidelines issued by the Central Bank of Nigeria.
CBN unveils new guidelines for credit to agric, manufacturing
The Central Bank of Nigeria (CBN) plans to increase the flow of credit to the real sector of the economy to consolidate and sustain the nation’s economic recovery.
CBN don’ kill us, senate don’ fail us!
The Director General of the DMO, Patience Oniha, revealed, at a press briefing in Abuja on 15th August 2018 that Nigeria’s public debt, had apparently risen from well below N3Tn in 2007 to over N22.30Tn ($73.21bn) by June 2018.
Currency swap deal: CBN bars importers of substandard goods
The Central Bank of Nigeria (CBN) says the currency swap agreement with the People’s Bank of China (PBoC), will not cover the importation of substandard goods into the country.
