30 results
- 8 May 2018
CBN Injects additional $210m into Forex market
The Central Bank of Nigeria (CBN) has revitalized the inter-bank foreign exchange market with another 210 million dollars. Mr Isaac Okorafor, Acting Director, Corporate Communications, CBN,…
- 15 Aug 2019
Don’t Hoard Lower Currencies, CBN Tells MFBs
Central Bank of Nigeria (CBN) said it has released guidelines for the disbursement of lower denominations of the Naira through microfinance banks (MFBs) across the country. Mr Isaac Okorafor,…
- 12 Jan 2017
CBN Denies Allegation on Forex Racketeering
Central Bank of Nigeria (CBN) has described the Wailing Wailer Group, using the hashtag #OccupyCBN on Twitter, as blackmailers fighting for the interest of economic saboteurs. Mr Isaac Okorafor, the…
- 24 Jun 2019
CBN Sets September Deadline for Mutilated Notes
Central Bank of Nigeria (CBN) has said banks now have between June 3 and September 2, to collect and sort all mutilated notes in their possession for reissuing. Mr Isaac Okorafor, central…
- 13 Apr 2020
CBN Denies Charging Fee on COVID-19 Loan Application
Central Bank of Nigeria (CBN) has said that the bank does not charge any fee on COVID-19 loan application as claimed in false reports circulated on social media. Mr Isaac Okorafor, director,…
- 22 Jan 2018
CBN injects $210m to boost foreign exchange market
Central Bank of Nigeria (CBN) has injected 210 million dollars in a bid to boost the inter-bank foreign exchange market and to meet customers’ requests in various segments of the market. Mr…
- 14 Aug 2018
CBN Boosts Foreign Exchange with $210m
The Central Bank of Nigeria has sustained its intervention in the inter-bank foreign exchange market by injecting 210 million dollars into the various segments of the market. Mr Isaac…
- 26 Aug 2019
CBN Alerts Nigerians of Fake Social Media Messages Offering Loans
Central Bank of Nigeria (CBN) has cautioned Nigerians, especially youths and owners of small-scale businesses against fraudulent messages on social media requesting loan seekers to apply for a loan…
- 29 Jun 2020
CBN Warns N50Bn Loan Applicants against Fraudsters
Central Bank of Nigeria (CBN) has warned prospective applicants for the bank’s N50 billion Targeted Credit Facility (TCF) to beware of fraudsters using employees names as a front. Mr. Godwin…
- 7 Sept 2018
CBN Debits 4 Banks N5.9Bn for Aiding MTN Repatriate $8.134 Bn
Central Bank of Nigeria (CBN) yesterday debited the accounts of Standard Chartered Bank, Stanbic IBTC, Citibank Nigeria and Diamond Bank with a total N5.87 billion for alleged breach of its capital…
- 7 Aug 2018
CBN Boosts Foreign Exchange Market with $210m
The Central Bank of Nigeria (CBN) has injected 210 million dollars into the inter-bank Foreign Exchange Market to meet customers’ requests in various segments of the market. Mr Isaac…
- 5 Oct 2017
CBN Asks Banks to Cough Out N50Bn in Excess Charges
Central Bank of Nigeria (CBN) said on Wednesday it has recovered over N50 billion from banks in excess charges imposed on customers in the last three years, as part of its efforts to protect bank…
- 20 Jul 2018
CBN Begins Chinese Yuan sales
The Central Bank of Nigeria (CBN) on Friday launched the sale of foreign exchange in Chinese Yuan (CNY) signalling the consummation of the Nigeria-China Currency Swap Agreement. The CBN acting…
- 15 Jan 2018
CBN Injects $210m Into Forex Market
Fresh $210million has been injected by Central Bank of Nigeria (CBN) into the inter-bank foreign exchange market, to meet customers’ requests in various segments of the market. Figures obtained from…
- 20 Nov 2016
FG Mulls Jail Term for Hoarding Dollar
Federal government has proposed an amendment to the Foreign-Exchange Act to enable the imprisonment of anyone who holds foreign currencies, especially the dollar, for more than 30 days. This is the…
- 24 Feb 2023
CBN Appoints Isa Abdulmumin as New Spokesman
Central Bank of Nigeria (CBN) has appointed Dr Isa Abdulmumin as the Acting Director, Corporate Communications Department. Abdulmumin takes over from Mr Osita Nwanisobi, who has retired from the apex…
- 4 Mar 2019
Confusion over Rumoured Sack, Emefiele’s Tenure Extension @ CBN
The re-appointment of Mr. Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), has caused confusion among Nigerians. While reports by some online medium claimed that the CBN…
- 25 Mar 2020
COVID-19: CBN Directs Non-critical Staff to Work from Home
Central Bank of Nigeria (CBN) has directed its staff in non-critical roles to stay at home and work remotely, effective Wednesday. Mr. Godwin Emefiele, CBN governor The Bank, however, said it remains…
- 23 Aug 2018
CBN Unveils New Guidelines for Credit to Manufacturing, Agric
The Central Bank of Nigeria (CBN) plans to increase the flow of credit to the real sector of the economy to consolidate and sustain the nation’s economic recovery. To this end, the apex bank on…
- 17 Apr 2014
CBN to Supply Lower Currency to Public Directly
Central Bank of Nigeria, CBN has directed all its branches across the country to deal directly with the public, including business owners, in an effort to resolve a lingering scarcity of lower…
- 23 Jun 2017
Why We Intervened in Etisalat Crisis- CBN, NCC
Central Bank of Nigeria yesterday adduced reasons it intervened in the crisis between Etisalat and a consortium of 13 Nigerian Banks over a syndicated loan of about $1.2bn granted the telecom company…
- 15 Mar 2020
CBN Rules out Naira Devaluation for Now
Central Bank of Nigeria (CBN) has expressed dismay at speculative activities at the foreign exchange market from impressions that the apex market would devalue the Naira, thereby triggering panic in…
- 6 Apr 2020
COVID-19: Cyber Thieves Target Victims with Relief Packages- CBN Warns
Central Bank of Nigeria (CBN) has alerted the general public that cyber-criminals are taking advantage of the current COVID-19 pandemic to defraud citizens, steal sensitive information, or gain…
- 11 Jul 2016
Liquidity Crisis: Customers Panic as CBN X-Rays More Banks
Central Bank of Nigeria (CBN) has said that it is monitoring activities of some commercial lenders, fuelling anxieties among banks customers over the health of some banks in the country,…
- 11 Apr 2016
CBN Ready to Create Jobs through Local Production
Godwin Emefiele, governor, Central Bank of Nigeria (CBN), has assured genuine investors of cooperation and support toward self-sufficiency in local production of essential goods and the economic…
- 19 Jul 2018
Illegal Charges: CBN Orders Banks to Return N65Bn to Nigerians
Central Bank of Nigeria (CBN) said it has ordered banks in the country to refund some N65billion to Nigerians. The money were recovered from the banks as wrongful deductions and charges from…
- 29 Aug 2018
Forex Scam: CBN Fines 4 Banks N5.87Bn, Orders MTN to Refund $8Bn
Central Bank of Nigeria (CBN) has imposed heavy sanctions totalling N5.87 billion on four banks under its regulatory purview and asked same to refund $8,134,312,397.63 for what it described as…
- 14 Feb 2018
CBN dispenses N55bn to farmers via Anchor borrowers programme
As part of its mandate to create economic linkages between farmers and processors, the Central Bank of Nigeria (CBN), says it has disbursed N55 billion to more than 250,000 farmers within two years…
- 1 Sept 2021
CBN Names Nwanisobi, 7 other Departmental Directors
Management of the Central Bank of Nigeria (CBN) has confirmed the appointment of Mr. Osita Nwanisobi as the director, Corporate Communications Department, with effect from August 25, 2021. Mr. Osita…
- 31 May 2020
CBN Revises Timelines for ATM Dispense Errors, Refund Complaints
Central Bank of Nigeria (CBN) has revised timelines for reversals and/or the resolution of refund complaints on electronic channels, with effect from June 8, 2020. Mr. Godwin Emefiele, CBN governor…