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Tag: central bank of nigeria

Emefiele Forecloses Monetary Policy Tightening To Boost Recovery, Stimulate Growth

Ex-Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele
Says Nigeria not exposed to effects of US policy normalisation, others Banking industry NPLs drop 4.85%, lowest in 10 years Warns against patronage of loan sharks The Governor of theRead More

CBN Moves To Halt Over-invoicing By Importers

Central Bank of Nigeria (CBN)
Exporters also guilty of under-invoicing Action will preserve Nigeria’s scarce forex The Central Bank of Nigeria (CBN) has taken a major step to arrest the age-long practice of over-invoicing whichRead More

Farmers Count Gains of Anchor Borrowers Scheme, To Unveil Mega Rice Pyramid

Rice
The Anchor Borrowers’ Programme (ABP), an initiative of the Central Bank of Nigeria (CBN), has been described as a major agricultural breakthrough and a source of pride to the country,Read More

Emefiele Rules Out Further Forbearance Extension For Intervention Loans

CBN Godwin Emefiele
Says it’s time to pay back as economy recovers Urges customers to challenge discretionary bank charges Leaves MPR unchanged at 11.5% The Governor of the Central Bank of Nigeria (CBN),Read More

CBN Partners Payment System Providers, Fintechs to Deepen eNaira Adoption

Central Bank Digital Currency (CBDC), also known as the eNaira
Says apex bank not competing with banks Unveils digital financial inclusion programme for women, youths The Central Bank of Nigeria (CBN) yesterday said it was working with key stakeholders inRead More

NBS: GDP Grew By 4.03% In Third Quarter

National Bureau of Statistics
The National Bureau of Statistics (NBS) yesterday revealed that Nigeria’s Gross Domestic Product (GDP) grew by 4.03 per cent in the third quarter (Q3) of 2021, compared with the 5.Read More

CBN Unveils Strategy To Cut Wheat Importation By 60% In Two Years

CBN Godwin Emefiele
Initiative to save $2bn FX annually The Central Bank of Nigeria (CBN) yesterday flagged-off the first ever rain-fed wheat programme in the country, which aims to slash the importation ofRead More

After Ihiala, Soludo Emerges Anambra Governor-elect

Anambra State governor-elect, Professor Charles Chukwuma Soludo
I’ll never disappoint you, says winner Candidate of the All Progressives Grand Alliance (APGA) and former Governor of Central Bank of Nigeria (CBN), Professor Chukwuma Soludo, has emerged Anambra StateRead More

CBN Caps Loan At N5bn In New ‘100 For 100’ Policy

Central Bank of Nigeria (CBN)
The Central Bank of Nigeria (CBN) has set a maximum threshold of N5 billion to be accessed by an obligor under its new financial instrument, tagged, 100 for 100 PolicyRead More

CBN Okays I&E Rates For PAPSS Transactions, Excludes Items Banned From Official FX

Central Bank of Nigeria (CBN)
The Central Bank of Nigeria (CBN) has directed commercial banks to apply the exchange rate in the Investors and Exporters (I&E) Window for outbound payments through the Pan African PaymentsRead More