Is CBN the evil genius behind higher fuel prices?
THE acute scarcity of petrol nationwide may have receded significantly, but issues relating to steady supply, appropriate pricing and fuel subsidy, obviously still remain very contentious. Government and NNPC have invariably blamed private marketers for the fuel shortage, while marketers have conversely, demanded the immediate payment of over N720bn that NNPC owes them.
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.
