CBN injects $210million in foreign exchange market
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. The CBN Acting…
Internet fraud: CBN to introduce new cyber-security framework
The Central Bank of Nigeria (CBN) said it was developing a Risk Based Cyber Security Framework for banks and payment service providers to combat internet fraud in the country. The…
Prices of goods may drop as CBN begins sale of Chinese Yuan
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…
CBN orders banks to resolve USSD disputes within 3 days
The Central Bank of Nigeria (CBN), on Saturday directed all commercial banks to resolve disputes arising from use of Unstructured Supplementary Service Data (USSD) channel within three days. Mr Dipo…
Banks must repay excess charges with interest, says CBN
May 8, 2018 The Central Bank of Nigeria (CBN), said any bank that deducts monies illegally from a customer’s account for products and services would be forced to refund the…
Shareholders disagree over CBN’s move to sanction bank CEOs
Shareholders have expressed mixed reactions to plans by the Central Bank of Nigeria (CBN) to sanction Chief Executive Officers (CEOs) of banks that fail to submit audited results of their…
INEC wants political parties’ campaign finances regulated
April 25, 2018 The Independent National Electoral Commission (INEC), has called for the regulation of campaign finance of political parties in the country. Mr Paul Atser, INEC Administrative Secretary in…
CBN begins disbursement of N26bn agribusiness fund to MSMEs
The Central Bank of Nigeria (CBN), in collaboration with the Bankers’ Committee on Thursday commenced disbursement of N26 billion Agribusiness Small and Medium Enterprises Investment Scheme (AGSMEIS) fund to the…
Ahmadu Bello University N2.5bn debt: Absence of judge stalls hearing
March 12, 2018 The absence of Justice Rakiya Haastrup of the National Industrial Court, Abuja, on health ground, Â on Monday stalled the continuation of hearing of the suit filed by…
CBN spends N55bn to improve local food production
February 14, 2018 The Central Bank of Nigeria (CBN), says it has disbursed N55 billion to more than 250,000 farmers within two years of implementation of the Anchor Borrowers Programme…