Tag: CBN
Disbursement Of CBN’s N50bn COVID-19 Fund Begins On Thursday
All things being equal, the disbursement of the first tranche of the Central Bank of Nigeria N50bn targeted credit facility would begin on Thursday.
The...
COVID-19: Forex Sales To BDCs Suspended By CBN
The Central Bank of Nigeria has granted a two- week market holidays to the Bureaux De Change operators.
This followed a request by the Association...
Domiciliary Accounts: Here Comes New Set Of Rules From CBN
Apex financial institution, Central Bank of Nigeria (CBN) on Sunday said customers can deposit dollar into their domiciliary accounts but are not allowed to...
Day Polaris Bank Bagged CBN Award As Best Deposit Money Bank...
Polaris Bank has emerged the Best Deposit Money Bank (DMB) in Consumer protection in Nigeria’s banking industry as an attestation of the institution’s show...
Senate Probes N20trn Unremitted Stamp Duties From Banks, Financial Institutions
The Senate has mandated its Committee on Finance to investigate the non-remittance of over N20 trillion into the Federation Account by Central Bank of...
Ekiti Youths Assured Of A Better Future By Fayemi
Dr. Kayode Fayemi, the governor of Ekiti State has restated the commitment of his administration to invest in the youths in order to encourage...
Abiodun’s Government Puts In Place Project Monitoring Team For Ogun Anchor...
In compliance with the Central Bank of Nigeria’s (CBN) guideline on Anchor Borrowers Programme,Ogun State Steering Committee has inaugurated a project management team, to...
CBN Ignores Reps’ Order, Goes Ahead With ‘Cashless Policy’
Despite the House of Representatives’ call for the suspension of the proposed implementation of ‘cashless policy’ by the Central Bank of Nigeria, the apex...
Plans To Freshly Recapitalize Banks Revealed By CBN
The depreciation of the naira between 2004 when the last banking sector recapitalisation took place and now has cut the value of the capital...
Why ‘Orthodox’ Monetary Policy Cannot Work In Nigeria – Emefiele
The Governor of Nigeria’s apex bank, Dr. Godwin Emefiele, over the weekend explained why the orthodox monetary system is not working for Nigeria’s economy.
The...
