CBN rallies DBN, BoI to bridge N294bn women entrepreneurs financing gap
The Central Bank of Nigeria (CBN), in collaboration with the Development Bank of Nigeria (DBN) and the Bank of Industry (BoI), has signed the Women Entrepreneurs Finance (We-Fi) Code, a commitment aimed at mobilizing funds to close the N294 billion financing gap faced by women entrepreneurs in Nigeria. The signing of the code, a global initiative, took place in Abuja.
Forex: CBN disqualifies $313.69m bids from 6 banks
…Sells $876.26 m to authorized dealers The Central Bank of Nigeria (CBN) said it disqualified $313.69 million foreign exchange bids from six banks on Tuesday. According to CBN, the disqualifications were due to four banks submitting bids after the 3:00 PM cutoff time and two banks failing to provide bids in the required template. Additionally, […]
CBN to publish names of owners of unclaimed balances annually
The Central Bank of Nigeria, CBN, said it would publish the names of owners of unclaimed balances in dormant accounts that is being transferred to the Unclaimed Balances Trust Fund (UBTF) Pool Account.
CBN sued over failure to ‘account for missing N100bn dirty notes, other public funds’
Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Central Bank of Nigeria (CBN) “over the failure to account for and explain the whereabouts of the over N100 billion ‘dirty and bad notes’ and ‘other large sum of cash awaiting examination’ which are kept in various branches of the CBN.”
CBN raises rate by 50 basis points to 26.75%
The Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate by 50 basis points from 26.25 per cent to 26.75 per cent.
Mixed sentiments trail equity market, as investors await CBN’s MPR
Mixed sentiments trailed the equity market last week as investors await the outcome of the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) meeting
