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Yuletide: CBN to investigate dearth of money in ATMs
The Central Bank of Nigeria (CBN) says it will investigate the scarcity of funds witnessed by customers in most Automated Teller Machines (ATMs) in Lagos State.
The CBN‘s Acting Director, Corporate Communications, Mr Osita...
News
Consumers ‘ll shun luxury items in next few months, says CBN
Most Nigerian consumers are not likely to purchase expensive or luxury items in the next 12 months.
The Central Bank Of Nigeria (CBN) made this known in its Consumer Expectations Survey (CES) Report for December...
News
ECONOMIC SUMMIT: FG, CBN get commendations over post covid-19 interventions
The Central Bank of Nigeria has been commended over its timely intervention programmes geared towards eradicating poverty and addressing unemployment caused by the impact of COVID-19 pandemic.
The commendation was made by the President of Coalition of Civil Society...
Economy
CBN/RIFAN working towards crashing price of rice – official
The Central Bank of Nigeria (CBN) and Rice Farmers Association of Nigeria (RIFAN), disturbed by the increase in price of rice, have concluded plans to crash the price in all markets across the country.
Dr Musa Olasupo, an Assistant Director...
Economy
CBN releases framework for financing of mass metering
Central Bank of Nigeria (CBN) has released its framework for National Mass Metering Programme (NMMP).
The framework was released by the Development Financing department of the apex bank through its official website on Monday.
It stated that introduction of the Service-Based...
Economy
Zamfara, CBN enter into N5bn gold deal
Gov. Bello Matawalle of Zamfara says that his administration has entered into a N5 billion gold supply deal with the Central Bank of Nigeria (CBN).
The governor made the disclosure on Tuesday in Gusau, at a press conference to present...
Economy
Holding Company: Sterling Bank obtains CBN’s approval in principle
Sterling Bank Plc. has obtained Central Bank of Nigeria’s approval in principle to restructure as a holding company.
The bank’s Chief Executive Officer, Mr Abubakar Suleiman, disclosed this in a statement posted on the Nigerian Stock Exchange website.
Suleiman said the...
Economy
FOREX: CSOs urge CBN to ensure level playing ground for oil marketers
A consortium of Civil Society Organisations (CSOs) has asked the Central Bank of Nigeria (CBN) to ensure level playing ground for all oil marketers in accessing Foreign Exchange (FOREX) for importation of petroleum products.
The group disclosed this in a...
Economy
Ex-CBN director lauds CBN on benchmark interest rate reduction
Dr Titus Okunrounmu, a former director, Budgetary Department of Central Bank of Nigeria (CBN), has commended the Monetary Policy Committee (MPC) of the Apex Bank for reducing Benchmark Interest Rate (BIR) from 12.5 per cent to 11.5 per cent.
Okunrounmu...
Economy
COVID-19: Financial expert urges CBN to support banks
A financial expert, Mr Okechukwu Unegbu, has urged the Central Bank of Nigeria (CBN) to increase support for commercial banks to address the impact of COVID-19 pandemic on the sector.
Unegbu, a past President of Chattered Institute of Bankers of...
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Kwara APC will emerge stronger from its crisis, says party spokesman
By Steve Oni, Ilorin
Kwara state All Progressives Congress (APC)...
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Business
Kwara Customs generates N6.9bn in 2020
By Steve Oni, Ilorin
Despite the ravaging Covid-19 pandemic, the Kwara state Command of the Nigerian Customs Service has...
Defence/Security
Defeat Insurgents to Justify Your Appointment, NYCN Tasks New Service Chiefs
The National Youth Council of Nigeria (NYCN) has urged the newly appointed service chiefs to reciprocate the confidence the President has on...
JUDICIARY
Jigawa Court remands 70-year-old man for alleged gross indecency
A Dutse Magistrate’s Court in Jigawa, on Monday, remanded a 70-year-old man at the Correctional Centre for allegedly inserting his finger into...
News
Kano Govt. establishes Gifted academy with 36 slots for 18 Northern states — Commissioner
Kano State Government has established a Gifted Academy that would admit five students from each of the 44 Local Government Areas (LGAs)...