CBN Bars Third Parties From Getting Forex Via Form M
The Central Bank of Nigeria (CBN) says it will no longer approve payment of foreign exchange to form M applicants who do so through a company and agent, thereby eliminating…
CBN Directs Banks To Share Customers’ Data With Fintechs
The Central Bank of Nigeria (CBN) has asked commercial banks to share their customers’ data with financial technology (Fintech) companies to increase access to financial services and provide better services…
CBN Boosts Economy With N3.3tr Credit
THE Central Bank of Nigeria (CBN) on Monday said it has facilitated a credit of N3.3trillion to the productive sectors of the economy. It has also given intervention funds to…
CBN Unveils Non-Interest Guidelines For AGSMEIS, MSMEDF, Others
The Central Bank of Nigeria (CBN) has unveiled guidelines for Non-Interest Financial Institutions under its various programmes to encourage growth of small and medium enterprises. The CBN made this known…
CBN Gives New Guidelines On Bad Loans To Banks
The Central Bank of Nigeria (CBN) has released the operational guidelines on commencement of Global Standing Instruction (GSI) that mandates creditor banks to deduct bad loans from bank balances of…
CBN Gives Reasons For Banning Importation Of Maize
By Olamilekan Alani The Central Bank of Nigeria (CBN) has explained why its directed all authorized dealers to discontinue the processing of Form M for the importation of maize with…
CBN Alerts Public On Fake Twitter Handle Of Its Director
The Central Bank of Nigeria (CBN) has described as fraudulent the operations of a fake twitter handle, @YusufPhilipYila, purported to belong to its Director, Development Finance Department, Mr Philip Yila…
CBN Disburses N15bn To Farmers Under CACS In 12 Months
The Central Bank of Nigeria (CBN) disbursed N15 billion to farmers in the 12 months ending November 2019 under its Commercial Agriculture Credit Scheme (CACS). This however represents 77 percent…
