CBN Defends Naira With $16.56b In 12 Months
THE Central Bank of Nigeria (CBN) spent nearly $16.56 billion to defend the naira in the last one year, The Nation has learnt. Analysis of the regulator’s half year report…
FG Reviews Stamp Duty, Raises Threshold To N10,000
The Federal Government has reviewed the N50 stamp duty charges on electronic payments in the country after receiving backlash from Nigerians and industry stakeholders. A Financial Bill currently before the…
Boarder Closure: CBN Governor Ureges Rice Millers, Others Not To Increase Price
By Olamilekan Alani The Central Bank of Nigeria (CBN), governor Mr Godwin Emefiele has advice members of Rice Millers Association of Nigeria (RIMAN) and other stakeholders in the rice value…
No Going Back On Cashless Policy — CBN
The Central Bank of Nigeria on Friday said it would continue to implement the cashless policy in line with its mandate to ensure an efficient payment system. The CBN Governor,…
Beware Of Fake Social Media Messages Offering Loans —CBN Cautions
The Central Bank of Nigeria has cautioned Nigerians, especially youths and owners of small-scale businesses against fraudulent messages on social media requesting loan seekers to apply for a loan in…
CBN To Build 7 Diagnostic Centres In 6 Geopolitical Zones, Abuja
The Central Bank of Nigeria (CBN), says it will build diagnostic centres in the six geopolitical zones of the country and Abuja. The CBN Governor, Mr Godwin Emefiele disclosed this…
CBN Reacts To Buhari’s Order On Food Import, Hints Plan To Ban More Items
The Central Bank of Nigeria (CBN) governor, Godwin Emefiele has reacted to the recent statement by President Muhammadu Buhari regarding the issuance of forex to food importers. He spoke to newsmen…
CBN Gives New Guidelines To Banks
The Central Bank of Nigeria (CBN) says it has released guidelines for the disbursement of lower denominations of the Naira through microfinance banks (MFBs) across the country. The bank’s Director,…
CBN Gives Reasons For Banning Foreign Milk, Other Diary Products
The Central Bank of Nigeria (CBN) has said it will place a ban on the importation of milk and other dairy products into the country. The CBN Governor, Godwin Emefiele…
CBN Moves To Halt $4bn Capital Flight In Textile Sector
The Central Bank of Nigeria (CBN) yesterday took bold steps to reverse the $4billion Nigeria spends annually on imported textiles and ready-made clothing by kicking off the distribution of cotton…
