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Central Bank of Nigeria News - Page 19

CBN Places Service Restriction On PoS Agents Across Nigeria

CBN Deducts N838.8 billion Depositors’ Funds From GTBank, Zenith, First Bank, 12 Others

Over N838.82 billion of depositors funds in Zenith Bank, Guaranty Trust Bank (GTBank), First Bank of Nigeria (FBN) and 12 others were debited by the Central Bank of Nigeria (CBN). The CBN withdrew the funds from 15 banks as its Cash Reserve

October 4, 2022

Naira Opens Week With Gain Across FX Markets

Business·Currency

Nigeria’s Foreign Reserves Drop $2.20 billion, Increases Forex Problem

As at September 29, 2022, Nigeria’s foreign reserves fell to $38.318 billion, further compounding the scarcity of foreign exchange in the country’s official forex market. In the last Monetary Policy Meeting (MPR) in August, the governor of the Central Bank of Nigeria

October 3, 2022

Business

CBN Set To Directly Deduct N700 billion From Accounts Of Indebted States, Farmers

The Director, Development Finance of the Central Bank of Nigeria (CBN), Yusuf Yila, has disclosed that the financial regulator has began to deduct from the accounts of indebted state governments and farmers, in order to recover N700 billion. Farmers had obtained credit under the

September 29, 2022

Business

Over 620,000 eNaira Accounts Inactive, More Than Active Users

The Central Bank of Nigeria (CBN) has released new details about the adoption of eNaira in the country, disclosing that the total app downloads have risen to 905,588. Prime Business Africa understands that out of the total downloads, 622,988 are inactive, as

September 28, 2022

Business·Insights

How CBN’s New 15.5% Interest Rate, CRR Affects Your Business, Lifestyle

The Central Bank of Nigeria (CBN) increased the Monetary Policy Rate (MPR), which is the benchmark interest rate, to 15.5 percent from 14 percent on Tuesday. Nigeria’s central bank also raise cash reserve ratio (CRR) from 27.5 percent to 32.5 percent. The

September 27, 2022

Nigerian Banks Earn N135.52 Trillion From CBN's Naira Policy, E-Payment

Business

CBN Reveals Why It Will Directly Deduct Money From Farmers’ Accounts

The Senior Manager, Development Finance Office of the Central Bank of Nigeria (CBN), Celsus Agla, has revealed that the regulator will forcefully deduct money from debtors under the Anchor Borrower Programme (ABP). Agla, during a meeting with maize farmers and other stakeholders

September 24, 2022

CBN Releases Another Around Of $10,000 FX To Each BDC, Mandates Them To Sell At N1,117/$1

Business·Currency

Dollar To Naira Exchange Rate: Cost Of Dollar Drops In Official Market, Hits N712 In Black Market

September 21, 2022 Dollar Rates Update: The United States’ dollar appreciated against the naira on Wednesday, after traders on the Investors and Exporters (I&E) window of the foreign exchange market increased the price to sell the greenback. Data from the Investors and

September 22, 2022

Business

CBN Approves New MD, CEO, Sirajo Salisu, For Jaiz Bank

Jaiz Bank has made changes to its leadership, appointing Sirajo Salisu as the Managing Director and Chief Executive Officer of the firm, to replace the outgoing Mallam Hassan Usman, after Central Bank of Nigeria approval. Usman is expected to retire from the

September 20, 2022

Governor of Nigerias Central Bank Godwin Emefiele

Business

Godwin Emefiele’s CBN Disburses $7.6 billion Amid Dollar Scarcity

Over $7.6 billion has been disbursed into the Nigerian economy by the Central Bank of Nigeria (CBN) in five months in a bid to increase availability of foreign exchange for transactions. The amount is said to have passed through authorised foreign exchange

September 12, 2022

Emirates To Suspend Flights To Nigeria Over Inability To Repatriate Earnings

Business

Trapped Funds: Emirates Airlines To Proceed On Suspension of Nigerian Flights Despite CBN Intervention

Emirates Airlines has revealed that the suspension of Nigerian flights will continue after the Central Bank of Nigeria (CBN) released funds to settle protest among foreign airlines over trapped funds. Two weeks ago, the United Arab Emirates national carrier disclosed that it

September 1, 2022

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Central Bank of Nigeria News - Page 19

CBN Deducts N838.8 billion Depositors’ Funds From GTBank, Zenith, First Bank, 12 Others

Nigeria’s Foreign Reserves Drop $2.20 billion, Increases Forex Problem

CBN Set To Directly Deduct N700 billion From Accounts Of Indebted States, Farmers

Over 620,000 eNaira Accounts Inactive, More Than Active Users

How CBN’s New 15.5% Interest Rate, CRR Affects Your Business, Lifestyle

CBN Reveals Why It Will Directly Deduct Money From Farmers’ Accounts

Dollar To Naira Exchange Rate: Cost Of Dollar Drops In Official Market, Hits N712 In Black Market

CBN Approves New MD, CEO, Sirajo Salisu, For Jaiz Bank

Godwin Emefiele’s CBN Disburses $7.6 billion Amid Dollar Scarcity

Trapped Funds: Emirates Airlines To Proceed On Suspension of Nigerian Flights Despite CBN Intervention

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