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CBN latest news - Page 38

Banks Enter CBN ‘Net’, Bag N800m Fine Over Crypto Transactions

Three Deposit Money Banks in Nigeria have violated Central Bank of Nigeria (CBN’s) order barring customers from transacting in cryptocurrencies, ncurringt N800m fine. A report by Bloomberg released on Wednesday read that the three banks are Access Bank Plc, Stanbic IBTC, and

April 7, 2022

Agro-Economy·News·Opinion

CBN And The Growing Interest In Agriculture

The Central Bank of Nigeria (CBN) has triggered a growing interest and return to agriculture through various innovative policy initiatives which supports farmers and protects lenders.

April 1, 2022

Digital Transactions Expand In Africa As Regional Payment Systems Widen

Business·Technology

NCC, CBN Move To Tackle e-fraud, Protect Digital Finance

The Nigerian Communications Commission (NCC) says it will partner the Central Bank of Nigeria (CBN) to blot out e-fraud threatening digital finance in Nigeria. Mr Efosa Idehen, the Director of Consumer Affairs Bureau at the Commission, , said this at the Secondary

March 14, 2022

Finance & Economy·Opinion

Overcoming Basic Economic Challenges

The Central Bank of Nigeria (CBN) is working hard to enable the country overcome some basic economic challenges and reset the economy on a right footing.

March 6, 2022

CBN Owes Goldman Sachs, JP Morgan $7.5bn, Releases Financials Amid Probe

Business

Currency In Circulation Hits N3.33tn On Cash Transactions – CBN

The currency in circulation, according to the Central Bank of Nigeria (CBN), rose by N418bn to N3.33tn as of December 31, 2021, from N2.91tn a year earlier. The CBN data showed that the currency in circulation increased by 19.06 per cent from

February 20, 2022

Business

Bank Loans To Private Sector Rise By N5.1tn, Hit N36.7tn – CBN

The Nigerian banking sector’s credit to the private sector between January and December 2021, rose by N5.1tn or 16.67 per cent, according to data obtained from the Central Bank of Nigeria. Prime Business Africa obtained this from the Money and Credit statistics

February 17, 2022

Business

CBN’s RT200 FX Scheme Needs Right Mechanisms To Thrive – LCCI

Lagos Chamber of Commerce and Industry (LCCI) has disclosed that the newly introduced forex repatriation scheme needs adequate mechanisms to achieve desired results. Recall, the Central Bank of Nigeria(CBN) introduced RT200 FX programme, an initiative to generate $200 billion from non-oil exports and

February 14, 2022

CBN Issues Guideline On How To Avoid Getting Duped By Illegal Financial Operators

Business

CBN Reveals When To Stop Sales Of Forex To Banks, Gives Reasons

The Central Bank of Nigeria (CBN) has revealed that it will stop the sale of foreign exchange to Deposit Money Banks by the end of the year. The CBN Governor, Godwin Emefiele, noted that the banks must begin to source their forex

February 11, 2022

Business·News

CBN Introduces New Scheme To improve Dollar Supply

The Central Bank of Nigeria (CBN) on Thursday introduced a new scheme to improve dollar supply, known as Bankers’ Committee “RT200 FX Programme”, which stands for the “Race to $200 billion in FX Repatriation.”

February 10, 2022

Business

Economy Improved On Increased Business Activities In December – CBN

Economic recovery improved in December, according to the Central Bank of Nigeria (CBN), due to increased business. The CBN made this known in a report on its last Monetary Policy Committee meeting on the Purchasers Managers Index. PMI readings above 50.0 signal

February 10, 2022

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CBN latest news - Page 38

Banks Enter CBN ‘Net’, Bag N800m Fine Over Crypto Transactions

CBN And The Growing Interest In Agriculture

NCC, CBN Move To Tackle e-fraud, Protect Digital Finance

Overcoming Basic Economic Challenges

Currency In Circulation Hits N3.33tn On Cash Transactions – CBN

Bank Loans To Private Sector Rise By N5.1tn, Hit N36.7tn – CBN

CBN’s RT200 FX Scheme Needs Right Mechanisms To Thrive – LCCI

CBN Reveals When To Stop Sales Of Forex To Banks, Gives Reasons

CBN Introduces New Scheme To improve Dollar Supply

Economy Improved On Increased Business Activities In December – CBN

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