News Top Stories

Reports of fire at CBN Hqrts false – Spokesman

Ihesiulo Grace 2 May 2018 0

The Central Bank of Nigeria (CBN), has dismissed as false news making the rounds that its head office building in Abuja was gutted by fire on Tuesday. Acting Director of Communications, Mr Isaac Okorafor, when contacted for comments over the matter, said, “passersby who saw a pall of

News Top Stories

Buhari’s medical bill: Court fixes June 5 for judgment

Ihesiulo Grace 18 April 2018 0

Justice John Tsoho of the Federal High Court in Abuja, on Tuesday, fixed June 5, 2018 for judgment in a suit seeking to compel the Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, to provide information on the amount spent by the Federal Government on President Muhammadu Buhari’s treatment abroad. The judge reserved […]

Business Top Stories

CBN disburses N80bn to 358,000 farmers

Ihesiulo Grace 13 April 2018 0

As Anchor Borrowers Programme takes root in 34 states The Central Bank of Nigeria (CBN) has disbursed N80billion to over 358,000 small holder farmers under Anchor Borrowers’ Programme. The beneficiaries cut across 34 states cultivating eight different commodities. The CBN Governor, Mr. Godwin Emefiele, confirmed the latest figures on Thursday in Abuja when he flagged […]

Business Top Stories

CBN, NEXIM Bank to support local manufacturers with N500bn

Ihesiulo Grace 10 April 2018 0

…We must be vigilant to avoid sliding into another recession- Emefiele …Targets $50bn external reserves in 2018 In order to continue the success recorded in the nation’s local production, the Central Bank of Nigeria (CBN) has disclosed that plans have been concluded to float a N500 billion support funds for the local manufacturers in the […]

Business Top Stories

Access, GTB, Zenith, others boost agric, SMEs with N16.8bn

Ihesiulo Grace 6 April 2018 0

*As CBN directs banks to set aside 5% PAT for scheme * ‘Scheme designed to support FG’s efforts at promoting agro business, SMEs’ Five commercial banks, Access Bank Plc, Guaranty Trust Bank Plc (GTBank), First City Monument Bank Holdings Plc, Stanbic IBTC and Zenith Bank Plc, have supported the Central Bank of Nigeria (CBN)’s Agri-Business/Small […]

Business

Experts set agenda for Monetary Policy Committee, seek interest rate of 13%

Ihesiulo Grace 26 March 2018 0

Some financial experts on Monday expressed optimism that the Monetary Policy Committee, MPC, would ensure ease the Monetary Policy Rate, MPR, at its first 2018 meeting slated for April 3 and April 4. The financial experts said this in an interview with the News Agency of Nigeria while reacting to expectations for the long-awaited first […]

Politics

Presidential aspirant, Moghalu promises to end corruption in Nigeria

Ihesiulo Grace 24 March 2018 0

A former Deputy Governor of the Central Bank of Nigeria (CBN) and aspirant in the 2019 presidential race, Professor Kingsley Moghalu, has spoken about how he will transform the country if he is voted to lead Nigeria.   Moghalu spoke during a lecture organised by Centre for Financial Journalism (CFJ) on Thursday.   The presidential […]

Business News

BVN: Fraudsters hit customers in Delta

Ihesiulo Grace 13 March 2018 0

…Over 4, 000 bank customers Lose N6.5m …Six In Police net Despite the several messages from the various banks advising members of the public against honouring fictitious request by financial fraudsters to update their bank accounts over 4,000 unsuspecting bank customers have reportedly lost a whopping sum of N6.5 million to fraudsters currently on the […]

News

CBN to increase access to credit by women

Ihesiulo Grace 7 March 2018 0

Central Bank of Nigeria (CBN) has promised to improve women’s access to formal financial services especially credit through its various intervention programmes. This promise was made by the Director, Development Finance Department of the CBN, Mudashiru Olaitan Wednesday in Abuja at the CBN 2018 International Women’s Day workshop tagged “Women Inspiring Change”. Represented

Business Labour

Pensioners petition Emefiele on payment of benefits

Ihesiulo Grace 5 March 2018 0

Governor of Central Bank of Nigeria, CBN, Mr. Godwin Emefiele, has been petitioned by pensioners of the apex bank, urging him to expedite action on payment of their benefits, as contained in the two-point agreement reached on March 1, 2017 between management and pensioners. The former CBN workers contended that non-implementation of the agreement had […]

Business Money Top Stories

Again external reserves rise, hit $42.35bn

Ihesiulo Grace 5 March 2018 0

…as CBN committed to build reserves amid $18.58bn FX intervention The Central Bank of Nigeria (CBN), has expressed its determination to continue building the nation’s external reserves, amid continuous injections of US Dollar into the official foreign exchange market. The apex bank between April and end of February, 2018, spent $18.37 billion in its weekly […]

Business

Purchasing manager’s index closes at 56.3 in February- CBN

Ihesiulo Grace 3 March 2018 0

The Central Bank of Nigeria (CBN) has disclosed that the nation’s Purchasing Manufacturing Index (PMI) closed at 56.3 index points in February from 57.3 index points in January. The apex bank latest PMI report means that the 56.3 index points indicated growth in the manufacturing sector for the 11th consecutive months. The CBN uses Production […]

News

Reps summon Adeosun, Emefiele over missing N10bn NHIS fund

Ihesiulo Grace 1 March 2018 0

Nigeria’s House of Representatives committee on healthcare services has invited Kemi Adeosun, the minister of finance, and Godwin Emefiele, the Governor of the Central Bank of Nigeria (CBN) over N10 billion said to have been deducted from the National Health Insurance Scheme (NHIS). Also summoned were the Minister of National Planning, Senator Udoma Udo-Udoma and the

News Top Stories

Anxiety as CBN plans increased capital base for micro finance banks

Ihesiulo Grace 1 March 2018 0

* Why we’re seeking stronger capital base for MFBs – Apex bank As part of efforts to further promote financial inclusion, while ensuring the financial system is robust, the Central Bank of Nigeria (CBN) is currently considering increasing capital base for Microfinance Banks (MFBs). Responding to questions posted on Wednesday during ‘CBN Tweet Meet 2018’ […]

Business Nigeria

Why CBN may increase MFBs capital base

Ihesiulo Grace 27 February 2018 0

…Still under discussion- Valentine Whensu As part of efforts to further promote financial inclusion, while ensuring the financial system is robust, the Central Bank of Nigeria (CBN) is currently considering increasing capital base for Microfinance Banks (MFBs). Responding to questions posted yesterday during ‘CBN Tweet Meet 2018’ with the theme, ‘#GrowthNG Building

Money

Emefiele bags public service award

Ihesiulo Grace 26 February 2018 0

The Governor, Central Bank of Nigeria (CBN) was conferred as the Public Service Award for 2017 at Sun Newspaper 15th Annual Awards ceremony that take place during the weekend. The Award, according to the Managing Director/Editor-in-Chief of the Sun Publishing Limited, Mr. Eric Osagie, was in recognition of current policies championed by the CBN’s Governor […]

Business News

CBN, RMAFC kick oppose creation of Assets Management Agency

Ihesiulo Grace 23 February 2018 0

The Central Bank of Nigeria (CBN) and the Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC), have opposed the plan to establish a new agency to manage assets seized from corruption and other criminal -related cases. The agencies made their position known on Wednesday in Abuja, at a public hearing organised by the House Committee on […]

Business News Top Stories

CBN goes tough, seeks abolition of offshore banks

Ihesiulo Grace 14 February 2018 0

.Says offshore transactions serve as conduit for money laundering .Seeks more powers to revoke defaulting banks licences .Wants banks to sell forex at N360/$1 The Central Bank of Nigeria (CBN) is seeking the abolition of offshore banks operating in the country without been licenced locally, saying that such facilities serve as conduits for money laundering. […]

News

Excess charges: Enugu House of Assembly slams banks, tasks CBN

Ihesiulo Grace 14 February 2018 0

Members of the the Enugu State House of Assembly, Tuesday, slammed commercial banks over what they called unwarranted charges being imposed on customers. This was sequel to a motion moved at plenary by the sponsor, Rt. Hon. Chinedu Nwamba representing Nsukka East Constituency, which was seconded by Hon. Iloabuchi Aniagu, representing Nkanu West Constituency. Nwamba […]

Business

CBN canvasses abolishing offshore banks in Nigeria

Ihesiulo Grace 14 February 2018 0

*Seeks more powers to revoke licences *Concurs with Reps on stiffer penalties for banks The Central Bank of Nigeria (CBN) is seeking the abolition of offshore banks operating in the country without been licensed locally, saying that such facilities serve as conduits for money laundering. CBN Governor, Godwin Emefiele made the request on Tuesday, at […]