Sunday, January 20, 2019
CBN Offers Microfinance Bank Licence to AMAC - The Central Bank of Nigeria (CBN) has given the Abuja Municipal Area Council (AMAC) a licence to operate a microfinance bank. The bank, which was commissioned last week by FCT Minister, Muhammed Musa...
National Micro Finance Bank to Fix Shortfalls of Intervention Funds – Emefiele: The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has said the proposed National Micro Finance Bank (MFB) will address the concerns around the several intervention...
CBN strategizes to stimulate lending to small businesses - The Central Bank of Nigeria (CBN) and the Bankers’ Committee have agreed to set up a committee headed by  Chief Executive Officers (CEOs) of commercial banks to create a strategy that...
CBN charged to investigate, respond to “free money” claims - The Central Bank of Nigeria (CBN) has been charged to investigate and respond to claims that the seven billion dollars ($7b) bailout fund to commercial banks in October 2006, is...
CBN Intensifies Mop up of Excess Liquidity through OMO - Following the closure of Nigeria’s Treasury Bills (NTBs) issue calendar for 2018, the Central Bank of Nigeria (CBN) has intensified its mop up of excess liquidity in the system through...
The Central Bank of Nigeria on Friday said it plans to boost its dollar sales to exchange bureaus after the currency weakened sharply on the black market. The apex bank in a statement said it would introduce a special forex...
The World Bank has said that Nigeria’s Gross Domestic Product (GDP) growth is expected to hover slightly below two per cent in 2018, largely driven by non-oil industry and services. Its “Economic Update” issued in Abuja yesterday indicates that Nigeria,...
Ms Patience Oniha, the Director-General, Debt Management Office (DMO) on Tuesday said that the Federal Government realised the sum of N10.5 billion savings bond in 18 months. Oniha said this on the second day of the African Securities Exchanges Association...
THE naira has remained stable at both the official and parallel markets despite huge campaign spendings by political parties, The Nation learnt yesterday. The stability of the local currency was linked to measures instituted by the Central Bank of Nigeria...
…To launch $500m innovation fund Nigeria plans to upscale its financial services sector with the issuance of licences to payment services banks as part of efforts to deepen access to finance and drive economic growth. Vice President Yemi Osinbajo said the...
Nigeria will lose an estimated $6 billion in revenue to international oil companies, Shell and Eni, over the deal on the controversial oil block, widely known as Oil Prospecting License (OPL) 245. icirnigeria.org reported the new findings quoting a report...
How NNPC, Finance Minister withdrew $3.12b from NLNG account – CBN: Twenty-two withdrawals totalling $3.12 billion were made from the Nigerian Liquefied Natural Gas (NLNG) dividends account domiciled in the Central Bank of Nigeria (CBN) in the last three years. This...
CBN Supplies $210 million to Inter-bank Forex Market - The Central Bank of Nigeria (CBN) Wednesday intervened in the interbank foreign exchange market by injecting the sum of $210 million into the market. The central bank offered the sum of $100...
NIRSAL acquires 10,000 hectares for wheat farming in Jigawa - In a bid to boost wheat farming activities, the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) has acquired 10,000 hectares of land in Jigawa. The NIRSAL National Coordinator, Wheat...
Buhari appoints new CBN deputy governor, others - President Muhammadu Buhari has confirmed the appointment and re appointment of some heads of parastatals. This was disclosed in a statement issued by Olusegun Adekunle, Permanent Secretary (General Services Office), Office of the...
AfDB approves $40m infrastructure fund - The Board of Directors of the African Development Bank (AfDB) has approved its third equity investment of $40 million in Africa Infrastructure Investment Fund (AIIF3). AIIF3 is a closed-ended pan-African infrastructure fund managed by South...
185,000 unemployed youth to access CBN loans nationwide ― Argungu: The Director General, National Directorate of Employment (NDE), Dr Nasiru Mohammed Ladan Argungu, has revealed that 185, 000 unemployed persons are to benefit from the Central Bank of Nigeria Agri-Business...
Nigeria, South Africa lead as Africa’s FDIs rise - Nigeria, South Africa, Morocco, Kenya and Ethiopia accounted for 40 per cent of total foreign direct investments (FDIs) in Africa as foreign investors increased stakes on emerging  economies. In its latest report,...
BREAKING: Food importation to Nigeria crashes by 60% - Nigeria has succeeded in reducing the importation of food items by 60 per cent from 2015 to date, the Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, reported. Emefiele said...
More boost for agric sector as NIRSAL, CBN, others agree to increase lending - The Nigerian Incentive-Based Risk-Sharing System for Agricultural Lending, the Central Bank of Nigeria and Deposit Money Banks has agreed to stimulate the flow of lending to...
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