News

Central Bank MPC nominees suggests ways to solve forex , food crisis soon

DailyTimesNGR DailyTimesNGR 22 February 2024 0

…as Senate C’mmtte sets to confirm appointees By Tunde Opalana Nominees for membership of the Monetary Policy Committee ( MPC ) , of the Central Bank of Nigeria ( CBN) have promised to bring to bear their wealth of experiences in solving teething fluctuation in exchange rate and food

Headlines

Central Bank of Nigeria: Press Release

Ihesiulo Grace 21 February 2023 0

CBN Sticks to Presidential Directive to Reissue only 200 Naira Old Banknotes. The attention of the Central Bank of Nigeria has been drawn to a FAKE PRESS RELEASE. Purported to have emanated from the Bank to the effect that President Muhammadu Buhari has approved the reissuance and release of old N500 and N1000 notes as […]

Business

e-Naira: CBN assures effective technology to check hackers, fraudsters

Ihesiulo Grace 2 December 2021 0

The Central Bank of Nigeria (CBN), has assured that it has put in place effective mechanisms to insulate the e-Naira from hackers and fraudsters. The Director, Corporate Department, CBN, Mr Osita Nwanisobi, disclosed this on Wednesday at a Central Bank Fair in Kano. The theme of the fair is “Promoting Financial Stability and Economic Development”. […]

Business Headlines

Nigeria’s FX reserves to surpass $42 b mid-2022, says Emefiele

Ihesiulo Grace 11 November 2021 0

Governor of the Central Bank of Nigeria (CBN), Mr. Godwing Emefiele, on Wednesday, assured that the nation’s foreign reserves will surpass the $42 billion threshold by the middle of next year. Emefiele disclosed this at the France-Nigeria Security and Economic Summit, in Paris, France. He said: “Nigeria’s external reserves are expected to surpass US$42 billion […]

Business Headlines

CBN sets N5bn loan limit for companies on 100 for 100 PPP

Ihesiulo Grace 9 November 2021 0

The Central Bank of Nigeria (CBN) has announced N5 billion as the maximum loan amount for private companies in its newly introduced initiative, called ‘The 100 for 100 PPP – Policy on Production and Productivity. The CBN disclosed this in its guidelines for the implementation of the initiative published on its website. Part of the […]

News Politics

Anambra 2021: Uba tasks Soludo on Anambra’s debt profile

Ihesiulo Grace 29 October 2021 0

The Sen. Andy Uba Governorship Campaign Organisation, has tasked former Governor of the Central Bank of Nigeria (CBN), Prof. Charles Soludo, to ascertain total debt currently owed by Anambra Government. Mr Afam Ogene, Director, Media and Publicity, of the campaign organisation made the demand in a statement made available to journalists on Friday in Awka. […]

Business Headlines

CBN supports power, gas infrastructure with N424.14bn

Ihesiulo Grace 27 September 2021 0

*Nigeria’s infrastructure must improve by 5% annually to boost productivity-Emefiele Motolani Oseni As part of efforts to improve the power and gas infrastructure in the country, while reducing the nation’s estimated $100 billion annual infrastructure deficit, the Central Bank of Nigeria (CBN) has said it has given out not less than a total sum of […]

Business Headlines

eNaira: CBN issues guidelines, pegs daily transaction limit at N1m

Ihesiulo Grace 31 August 2021 0

*Selects technical partner for digital currency project TEMITOPE ADEBAYO The Central Bank of Nigeria (CBN) has issued drafted guidelines for the eNaira to Nigerian banks, highlighting the daily transaction limit of N50, 000, N200, 000 and N1 million for the consumer wallet tiers 1, 2 and 3 respectively, and N1 million transaction limit for the […]

Business Headlines

CBN orders banks to freeze accounts of 18 companies

Ihesiulo Grace 21 August 2021 0

The Central Bank of Nigeria (CBN) has instructed Deposit Money Banks (DMBs) operating in the country to place a post-no-debit on the bank accounts of 18 companies. With this development, the affected firms would not be able to make any withdrawal transactions, including ATMs and cheques, on the accounts, but can receive inflows. The apex […]

Business

CBN threatens to arrest, prosecute naira abusers

Ihesiulo Grace 18 August 2021 0

*Says COVID-19 pandemic affects depreciation in value of Naira- CBN MOTOLANI OSENI The Central Bank of Nigeria (CBN) has threatened to begin arrest and prosecution of abusers naira notes with collaboration of other regulatory bodies. The apex bank noted that it is determined to achieve this with the support of the Nigeria Police Force, Federal […]

News

Forex ban: Ineffective policy implementation will lead to artificial scarcity – ASSBIFI

Ihesiulo Grace 17 August 2021 0

Joy Obakeye The Association of Senior Staff of Banks, Insurance and other financial institutions, ASSBIFI, has commended the Central Bank of Nigeria (CBN) for the recent ban on the sales of forex to the Bureau De Change (BDCs). Reacting to the ban at a forum with Labour Writers Association of Nigeria (LAWAN), President of ASSBIFI, […]

Headlines Politics

It’s better Nigeria breaks up if we’re going to keep killing each other- Mailafia

Ihesiulo Grace 17 August 2021 0

*Accuses northern elites of silence on insecurity ldibia Gabriel, Kaduna Former Deputy Governor of Central Bank of Nigeria (CBN), Dr. Obadiah Mailafia, has said that if the constant killings in the country continue, it is best for Nigeria to disintegrate to ensure peace. Mailafia made the observation during an online conversation on how to “Fix […]

Business Headlines

CBN releases guidelines for regulation, supervision of CGCs

Ihesiulo Grace 11 August 2021 0

The Central Bank of Nigeria (CBN) on Tuesday released guidelines for registration and supervision of Credit Guarantee Companies (CGCs) in Nigeria. The guidelines are contained in a circular by Ibrahim Tukur, CBN’s Director, Financial Policy and Regulation Department, addressed to Commercial Banks, Other Financial Institutions and Stakeholders in the Financial Services

Headlines News

Banks refunded over N89bn to customers in June – CBN Gov

Ihesiulo Grace 6 August 2021 0

The Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, on Thursday, disclosed that at the end of June 2021, commercial banks in Nigeria refunded N89.2 billion to customers over complaints. The Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, on Thursday, disclosed that at the end of June 2021, commercial banks […]

Business Headlines

CBN bans forex sale to BDC operators

Ihesiulo Grace 28 July 2021 0

*As MPC holds all monetary parameters constant *Expert hails apex bank for decision Philip Clement, Abuja Henceforth, there would be no more forex available to Bureau de Change operators as the Central Bank of Nigeria has banned sales of foreign currencies to the operators. The CBN Governor, Mr. Godwin Emefiele, announced this at the end […]

Business Headlines

CBN reiterates commitment to safety, soundness of banking sector

Ihesiulo Grace 26 July 2021 0

The Central Bank of Nigeria, CBN has reiterated its commitment to the financial soundness and safety of Deposit Money Banks (DMBs) and Other Financial Institutions (OFIs) in Nigeria. The CBN stated this while clarifying unfounded reports circulating in social media attacking the soundness and safety of some Nigerian banks. Acting Director, Corporate Communications

Business

Expert lauds CBN move to introduce digital currency

Ihesiulo Grace 14 June 2021 0

An expert in digital currency management, Dr Chimbo Obieze, has applauded the Central Bank of Nigeria (CBN) for the move to introduce digital currency in the country. Obieze, Executive Director of Dapmanagment Academy, made the commendation in an interview with the News Agency of Nigeria (NAN) in Enugu on Monday. Recall that the CBN on […]

Business Headlines

CBN retains economic parameters amid naira devaluation to N410/$

Ihesiulo Grace 26 May 2021 0

*Experts support decision to hold lending rate at 11.5% *As apex bank maintains CRR, Liquidity Ratio at 27.5%, 30% By Motolani Oseni, Lagos And Philip Clement, Abuja At the close of the two-day meeting of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), the members unanimously voted to retain major economic […]

News

Unfreeze #EndSARS ‘promoters’ accounts now, Court orders CBN

Ihesiulo Grace 10 February 2021 0

Doosuur Iwambe, Abuja Justice Ahmed Mohammed of the federal high court sitting in Abuja has ordered the Central Bank of Nigeria, CBN to unfreeze the accounts linked with some promoters of the #EndSARS protest that took place across the country last year. The judge in his ruling on Wednesday set aside the order it made […]

Business Headlines

Experts chart roadmap on cryptocurrency for Nigeria

Ihesiulo Grace 10 February 2021 0

…Say CBN, SEC should unfold swift regulatory frameworks for trading Tunde Opalana, Abuja Reactions have continued to trail the decision of the Central Bank Of Nigeria (CBN) to prohibit and close all accounts transacting business in cryptocurrencies in the country. Experts who spoke with The Daily Times on the development believed that the CBN’s ban […]