cbn news

The SANEF initiative is an effort by the apex bank to spur quick growth in the level of financial inclusion through availability of financial access points, especially in the Northern part ... Read more via Vanguard News – https://ift.tt/2L17fIt Get more: Nigeria Business News

Africa’s leading technology entrepreneur, Leo Stan Ekeh has charged the Federal Government to leverage technology in reducing to the barest minimum the growing incidences of corporate debts and usher in an era of unprecedented boom and sanity in the Nigerian economy. He made … Read more via...

The Central Bank of Nigeria (CBN) has set out a provision of a valid court Order as one of the pre-requisite for the release of Bank Verification Number (BVN) information to … Read more via NaijaBizCom.Com – https://ift.tt/2L9vIXQ Get more: Nigeria Business News

The former deputy governor of the Central Bank of Nigeria and presidential aspirant of the Young Progressive Party, Professor Kingsley Moghalu has stated that the new Coalition of United Political Parties (CUPP) has no agenda to improve the lives of Nigeria, stating that it represents just name...

The Central Bank of Nigeria (CBN) has renewed the mandate of the Board of Skye Bank for additional two years in spite of non-availability of financial statement for 2016 and 2017. The Board has M.K Ahmad and Tokunbo Abiru as its chairman and group … Read more via BusinessDay : News you can...

The Central Bank of Nigeria has introduced the yuan to Nigerians importing goods from China – The apex bank is wooing local business owners to use the yuan when importing from China – According to the bank, using … Read more via Nigeria News today & Breaking news ▷ Read Naija news 24/7 –...

The value of the naira at the Nigeria Autonomus Foreign Exchange (NAFEX) market weakened last week compared to what it closed the previous week as inflow from the window dropped to $796.02 million... Read more via Leadership Newspaper – https://ift.tt/2KNgtE1 Get more: Nigeria Business News

Nigeria’s total export earnings increased by 10.2 per cent to $14.394 billion in the first quarter (Q1) of 2018 compared with the $12.925 billion recorded in Q4 2017. The Central Bank of Nigeria (CBN) disclosed this in its Q1 2018 ‘Brief on Balance of Payments Statistics,’ posted on its ...

The Chairman, Senate Committee on ICT and Cyber crimes, Senator Abdulfatai Buhari, has chided the Central Bank of Nigeria (CBN) for refusing to participate in the on-going 2018 legislative stakeholder conference … Read more via ITPulse.com.ng – https://ift.tt/2MY9olz Get more: Nigeria...

Maduka Nweke The Federation Accounts Allocation Committee (FAAC) disbursed the sum of N289.04 billion to the Federal Government in May. This is as a civic organisation has said that only 15 out of the 36 states of the country, representing about 46 per cent, have published their … Read...

President Muhammadu Buhari has reportedly approved the appointment of four new Non-Executive Directors of the Central Bank of Nigeria, CBN, and two new Chief Executive Officers for some federal agencies. Vanguard reports that the president has equally approved the … Read more via Nigeria...

The local currency maintains the same rate against Dollar at parallel market. The local currency, however, appreciated against... Read more via Naija.ng News – https://ift.tt/2t9zYQq Get more: Nigeria Business News

Following the $2.5 billion bilateral currency swap agreement signed last month between the Central Bank of Nigeria (CBN) and the People’s Bank of China (PBoC), the CBN has said it will incentivise importers and traders who tender their invoices in Renminbi (RMB). This was revealed at the …...

The Central Bank of Nigeria (CBN) on Friday published the long-awaited regulatory guidelines for prospective operators under the bilateral currency swap agreement between Nigeria and China. The guidelines titled: “Regulations for Transactions with Authorised Dealers in Renmnbi” was signed by CBN...

The Central Bank of Nigeria (CBN) on Friday published the long-awaited regulatory guidelines for prospective operators under the bilateral currency swap agreement between Nigeria and China. The guidelines titled: “Regulations for Transactions with Authorised Dealers in Renmnbi” was signed by CBN...

Adebisi Shonubi President Muhammadu Buhari has approved the nomination of Mr. Folashodun Adebisi Shonubi as Deputy Governor of ... Read more via Nairametrics – https://ift.tt/2JBABM3 Get more: Nigeria Business News

The Central Bank of Nigeria (CBN) says it has injected 210 million dollars into the inter-bank Foreign Exchange Market to boost liquidity in the system. The Acting Director, Corporate Communications, Mr Isaac Okorafor, disclosed this in a statement in Abuja, on Tuesday. Read more via...

About 31 million bank account holders in the Nigerian banking sector have been put under the Central Bank of Nigeria-initiated Bank Verification Number (BVN). The initiative was introduced to ensure unique identifier in the Nigerian banking industry, address the absence of a unique identifier in...

The Central Bank of Nigeria (CBN) has said that it is working with market associations and other stakeholders to enhance the circulation of new naira notes. The move, according to the central bank, was part of efforts to ensure that the high incidence of dirty naira notes and currency …...

The Senate on Tuesday summoned the Governor of the Central Bank of Nigeria (CBN), Godwin Emiefele; the Minister of Finance, Kemi Adeosun; and the Minister of Defence, Mansur Dan-Ali to give reasons for withdrawing $462 million from the Federation Account without the approval of the Senate. The...