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Tag "central bank of nigeria"

CBN suspends repayment on intervention loans in OFIs, cuts interest rate to 5%

    CBN suspends repayment on intervention loans in OFIs, cuts interest rate to 5%

The Central Bank of Nigeria (CBN) has reduced interest rates on its facilities in other financial institutions (OFIs) from nine to five percent per annum for one year, effective from

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Eid-el Fitr holiday: CBN shifts MPC meeting to Thursday

    Eid-el Fitr holiday: CBN shifts MPC meeting to Thursday

The May 2020 meeting of the monetary policy committee (MPC) of the Central Bank of Nigeria has been earlier scheduled to hold on Monday and Tuesday, May 25 and 26

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Banks reach agreement to halt staff sack

    Banks reach agreement to halt staff sack

The bankers committee of the Central Bank of Nigeria has agreed that plans to lay off staff would be suspended. This was announced in a statement signed by Isaac Okorafor,

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3,256 receive funds from CBN N50bn COVID-19 credit facility

    3,256 receive funds from CBN N50bn COVID-19 credit facility

A total of 3,256 individuals and small businesses have received funds from the Central Bank of Nigeria’s (CBN) N50 billion targeted credit facility (TCF) to cushion the effects of COVID-19.

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CBN resumes forex sales to banks for school fees, SMEs

  CBN resumes forex sales to banks for school fees, SMEs

The Central Bank of Nigeria has resumed forex sale to commercial banks. In a statement on Wednesday, the apex bank

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CBN lifts suspension on cheque clearing

  CBN lifts suspension on cheque clearing

The Central Bank of Nigeria (CBN) has directed deposit money banks to attend to customers who wish to clear cheques.

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Fire breaks out at CBN office in Jos

  Fire breaks out at CBN office in Jos

There was a fire outbreak at the Jos branch of the Central Bank of Nigeria (CBN) on Tuesday. Isaac Okorafor,

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Turning the COVID-19 tragedy into an opportunity for a new Nigeria

  Turning the COVID-19 tragedy into an opportunity for a new Nigeria

As many people are now aware, the outbreak of the Novel Coronavirus Disease (COVID-19) in China has rapidly permeated and

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CBN targets healthcare, manufacturing in three-year economic stimulus plan

  CBN targets healthcare, manufacturing in three-year economic stimulus plan

The Central Bank of Nigeria has unveiled a three-year COVID-19 economic stimulus plan to guide the economy on the path

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CBN suspends cheque clearing indefinitely

  CBN suspends cheque clearing indefinitely

The Central Bank of Nigeria (CBN) has directed that cheque clearing should be suspended. According to a notice signed by

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