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Tag "Central Bank of Nigeria(CBN)"

Ovia, Elumelu, Agbaje, Wigwe affected as new CBN rule unseats bank chiefs

    Ovia, Elumelu, Agbaje, Wigwe affected as new CBN rule unseats bank chiefs

The Central Bank of Nigeria (CBN) has issued a new rule shaking up the banking industry, with many of the chairmen affected.  The rule says bank executive directors (EDs), deputy

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Emefiele meets with heads of banks, says N200 notes will be circulated immediately

    Emefiele meets with heads of banks, says N200 notes will be circulated immediately

Godwin Emefiele, the governor of Central Bank of Nigeria (CBN), says he has met with 15 heads of commercial banks to ease the ongoing cash crunch in the country, following

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Money bouquet now form of naira abuse, says CBN

    Money bouquet now form of naira abuse, says CBN

The Central Bank of Nigeria (CBN) says money bouquet is now a form of naira abuse. The apex bank made this known in a tweet on Friday while creating awareness

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DMO: Why Nigeria cannot borrow from int’l capital market

    DMO: Why Nigeria cannot borrow from int’l capital market

Patience Oniha, director general of the debt management office (DMO), says the problem of high-interest rates and inflation has made the international capital market inaccessible for Nigeria to borrow money.

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‘It’s intended to cause panic’ — Polaris Bank dismisses report on purported sale by CBN

  ‘It’s intended to cause panic’ — Polaris Bank dismisses report on purported sale by CBN

The management of Polaris Bank has denied reports that the company is about to be sold. Recently, an online report

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Naira falls to N615/$ at parallel market ahead of Eid

  Naira falls to N615/$ at parallel market ahead of Eid

The naira has depreciated to N615 a dollar at the parallel market ahead of a two-day holiday for Eid-el-Kabir. The figure represents

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CBN to pay N65 bonus for every $1 of repatriated non-oil export proceeds sold at official FX rate

  CBN to pay N65 bonus for every $1 of repatriated non-oil export proceeds sold at official FX rate

The Central Bank of Nigeria (CBN) says exporters will now enjoy a rebate of N65 for every dollar of non-oil

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Naira continues free fall, weakens 0.9% to N577/$1 at parallel market

  Naira continues free fall, weakens 0.9% to N577/$1 at parallel market

The Nigerian naira has weakened to N577 per dollar at the parallel section of the foreign exchange market. This represents

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Tunde Lemo: Infrastructure decay, insecurity driving away investors from Nigeria

  Tunde Lemo: Infrastructure decay, insecurity driving away investors from Nigeria

Tunde Lemo, a former deputy governor of the Central Bank of Nigeria (CBN) and chairman of Flutterwave, says Ghana has

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CBN: We’re working with EFCC, police to arrest people who spray naira notes at parties

  CBN: We’re working with EFCC, police to arrest people who spray naira notes at parties

The Central Bank of Nigeria (CBN) has warned against spraying naira notes at social functions, describing it as an “unpatriotic

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