Tag: CBN
Shareholders kick against hike in banks’ mandatory reserves
Shareholders under the aegis of Independence shareholders Association of Nigeria (ISAN) have expressed displeasure over the hike in banks’ mandatory Cash Reserve Ratio (CRR).
ISAN’s...
ABP: CBN disburses N864bn to 4.1m farmers in six years
The Central Bank of Nigeria (CBN) has so far disbursed N864 billion to 4.1 million farmers to cultivate 5.02 million hectares of land under...
Emefiele: I’m happy Otedola, Odukale are scrambling for First Bank shares
Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has expressed satisfaction that billionaire investors are scrambling for the shares of the First...
To sustain economic growth, CBN retains MPR at 11.5%, other parameters
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday voted to hold the Monetary Policy Rate (MPR) at 11.5...
Kogi govt denies ownership of N19.3bn bailout fund returned to CBN
The Kogi State Government has denied ownership of the N19.3 billion allegedly returned to the Central Bank of Nigeria (CBN) by the Economic and...
CBN grants Airtel Africa approval for super agent
The Central Bank of Nigeria (CBN) has granted Airtel Mobile Commerce Nigeria Ltd., a subsidiary of Airtel Africa, approval in principle to operate as...
160 golfers for 2021 CBN golf tournament in Abuja
No fewer than 160 golfers in different categories are to participate in the 14th Edition of the Central Bank of Nigeria (CBN)-sponsored Governor’s Golf Tournament scheduled to...
CBN approves payment service bank licenses to MTN, Airtel
Two major telecommunications firms in Nigeria, MTN Nigeria and Airtel Africa, have been granted approval in principle (AIP) for payment service bank (PSB) licenses.
MTN’s...
CBN spends N58.bn to print banknotes in one year
The Central Bank of Nigeria (CBN) spent a total of N58,618.50 million to print banknotes in 2020.
This was revealed in the annual report of...
eNaira: CBN raises the alarm over fraudsters’ 50bn offer, fake twitter...
The Central Bank of Nigeria (CBN) has raised the alarm over the activities of fraudsters following the launch of the digital currency, eNaira.
The apex...
