Governor of the Central Bank of Nigeria (CBN), Dr. Godwin Emefiele has urged operators in the non-oil export industry to provide a dedicated route for exporters. Emefiele made the call during the CBN’s first conference on RT200 non-oil exports, which had…
The World Bank has said the Central Bank of Nigeria’s development finance intervention is fuelling inflation in the short term and weakening the ability of the apex bank to control inflation. According to the global bank, the CBN’s continued provision…
The Central Bank of Nigeria (CBN) has developed a comprehensive non-oil export optimisation framework, which would be launched at its maiden summit on non-oil exports on June 16. The Director, Corporate Communications Department, CBN, Mr Osita Nwanisobi, explained that the…
The CBN said it had developed a comprehensive non-oil export optimisation framework, which would be launched at its maiden summit on non-oil exports on June 16. The Director, Corporate Communications Department, CBN, Mr Osita Nwanisobi, said this in a statement…
The Central Bank of Nigeria has increased the minimum bid for non-interest asset-backed securities to N100,000,000 from N1,000,000 seen in the exposure draft it issued in 2020. This was revealed in a CBN circular signed by Angela Sere-Ejembi (PhD), Director,…
The Central Bank of Nigeria (CBN), says it is set to introduce the Unstructured Supplementary (USSD) code as part of steps to improve the Central Bank Digital Currency (CBDC). The Deputy Governor of the CBN, Kingsley Obiora, said this at…
Manufacturing companies have said they cannot access loans at the Central Bank of Nigeria’s five per cent lending rate under its intervention scheme for manufacturing and other critical sectors. According to them, the loans have structural framework problems and are…
The Central Bank of Nigeria (CBN) has called for a collective action to live in harmony with nature. The apex bank, which said this in a statement on Monday, on the occasion of World Environment Day (WED), called for global…
President, the Association of Bureaux De Change Operators of Nigeria (ABCON), Alhaji Aminu Gwadabe has urged the Central Bank of Nigeria (CBN) to use Bureaux De Change (BDCs) as tool in ending multiple rate practices, and ushering in stability in…
The Central Bank of Nigeria, CBN, has ordered banks to collect indemnities from their customers for highly secured online funds transfer amounting to N1million and above for individual customers and N10 million for corporate customers. However, the apex bank placed…
