Tag: Central Bank of Nigeria
CBN disburses N3.5tr COVID-19 intervention cash
The Central Bank of Nigeria (CBN) has announced that it had disbursed N3.5 trillion to different sectors of the…
Court freezes 65 accounts over alleged forex manipulation
The Central Bank of Nigeria has been ordered by a Federal High Court in Abuja to freeze all…
CBN bans forex for maize importation
The Central Bank of Nigeria has directed all banks to stop processing Forms M for the importation of…
Tinubu urges CBN to lower interest rate over COVID-19
The National Leader of the ruling All Progressives Congress (APC), Bola Ahmed Tinubu, has called on the Federal…
CBN lifts suspension on cheque clearing
The Central Bank of Nigeria (CBN) has lifted suspension placed on cheque instruments in the Nigerian clearing system.…
Obiora assumes duty as CBN Deputy Governor
Kingley Obiora has assumed duty as Deputy Governor of the Central Bank of Nigeria (CBN). He replaces Okwu…
CBN to create 10m jobs in five years
The Central Bank of Nigeria (CBN) has said five years from now, no fewer than 10 million jobs…
CBN exempts six companies from milk, dairy products importation ban
The Central Bank of Nigeria (CBN) on Tuesday exempted six companies from the restriction on milk and dairy…
Banks to increase CBN deposit as MPC raises CRR to 27.5%
Deposit money banks in the country would have to increase their cash reserves with the Central Bank of…
Buhari nominates IMF executive director as CBN deputy gov
President Muhammadu Buhari has nominated Kingsley Obiora as the new deputy governor of the Central Bank of Nigeria…
CBN announces banks’ minimum loan deposit ratio
The Central Bank of Nigeria (CBN) said on Wednesday it has retained the minimum 65 percent Loan Deposit…
ALERT: From March 31, DisCos won’t accept cash payment for electricity bills
Electricity Distribution Companies (DisCos) have been orderes by the federal government to adopt electronic platforms for the payment…