Tag: CBN
Smuggling of textile materials costs Nigeria $4bn annually – CBN Gov
By Tony Obiechina, Abuja
The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele on Tuesday disclosed that smuggling of textiles goods alone...
Central Bank moves to revive textile sector, involves Armed Forces, others
Textile Factory
The Central Bank of Nigeria (CBN) has made a move towards reviving textile industry in Nigeria by facilitating the signing of two memoranda...
CBN votes N500m for recycling of old Naira notes, others
CBN
Worried by the negative impact of disposing of expired naira notes through burning on the environment, the Central Bank of Nigeria, CBN, disclosed yesterday...
N50 PoS charge begins
By Collins Nweze
The Central Bank of Nigeria (CBN) and the Nigeria Interbank Settlement System (NIBSS) are working for the application of remittance processes to...
Seven Banks fails CBN’s stress test
CBN
The result of the Central Bank of Nigeria stress test on banks has revealed that the funding positions of seven commercial banks are inadequate....
CBN’s Farmers’ Anchor Borrowers’ Programme: NISRAL leaps to new heights, creates...
Rice farm
The Nigeria Incentive-Based Risk-Sharing System for Agricultural Lending (NIRSAL) has recorded some giant strides in creating more than 1.25 million indirect jobs in...
Boarder Closure: CBN appeals to rice millers, stakeholders not to hike price
Emefiele, CBN Governor
The Central Bank of Nigeria (CBN), has appealed to members of Rice Millers Association of Nigeria (RIMAN) and other stakeholders in the...
CBN’s support to power sector to hit N1.695tn
CBN
The financial support provided by the Central Bank of Nigeria (CBN) to Nigeria’s power sector is set to hit a total of N1.695 trillion,...
CBN says debit instructions against 12 banks not fines
Godwin Emefiele, CBN Governor
The debit instructions issued against 12 banks that breached the CBN’s loan to deposit ratio requirement are not fines. What...
CBN increases banks’ loan-to-deposit ratio to 65%
Central Bank of Nigeria
The Central Bank of Nigeria has raised the Loan to Deposit Ratio of Deposit Money Banks (DMBs) to 65% from...
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