CBN Archives - Page 17 of 50

CBN Releases Circular On Compliance With The SWIFT Universal Payment Confirmations

October 13, 2020 0

All banks operating in Nigeria are by this circular reminded of the need to ensure full compliance with SWIFT Universal Confirmations requirements.

Government Queries Non-Remittance of N450 Billion By CBN, SEC, Others

August 19, 2020 0

The Federal Ministry of Finance is to query the Central Bank of Nigeria (CBN), the Securities and Exchange Commission (SEC), among other government agencies for not remitting operating surpluses totalling N450billion.

CBN To Unify Exchange Rates, Pegs Naira At 379/$

August 10, 2020 0

The Central Bank of Nigeria on Saturday officially changed the exchange rate of the naira to the dollar from N361 to N379 on its website.

Banks’ Non-Performing Loans Now N1.2tn – CBN

July 28, 2020 0

Banks’ non-performing loans stood at N1.2tn as of the end of June according to figures obtained from the Central Bank of Nigeria on Monday.

CBN Holds Benchmark Interest Rate At 12.5%

July 20, 2020 0

The monetary policy committee of the Central Bank of Nigeria (CBN) has announced its decision to retain the monetary policy rate (MPR) at 12.5 percent.

“Clarity In NDIC And CBN Roles In Proposed Amendment Of BOFIA Critical To Effective Regulation Of Banks”–MD NDIC

July 16, 2020 0

In a bid to establish effective legal instruments to secure the safety and stability of the nation’s financial system, there is a need to closely examine enacting laws with a view to harmonising the positions of the Nigeria Deposit Insurance Corporation (NDIC) and the Central Bank of Nigeria (CBN) in the NDIC Act 2006 and The Banks and Other Financial Institutions Act (BOFIA) 2004.

Banks To Debit Debtors Accounts Directly

July 14, 2020 0

The Central Bank of Nigeria (CBN) has released guidelines on Global Standing Instruction (GSI) that would enable banks to debit account of loan defaulters without recourse to the account holders.

Economy: Emefiele, CBN Will Not Be Deterred – Spokesman

June 24, 2020 0

The Central Bank of Nigeria (CBN) says the Governor, Godwin Emefiele, and his team at the Bank will not be deterred in their effort to steer the Nigerian economy away from the looming recession due to the global impact of the Corona Virus (COVID-19) pandemic, in spite of the push by some vested interests to impugn the integrity of the Bank.

Banks Has Two-Weeks To Resolve Outstanding Issues On ATM, E-Banking Complaints—CBN

June 1, 2020 0

The Central Bank of Nigeria has directed all banks to resolve all outstanding issues relating to failed Automated Teller Machine, Point of Sale terminal and other electronic banking transactions within two weeks, starting June 8, 2020.

Heritage Bank To Disburse CBN’s N100bn Loan To Health, Sells FX To SMEs, Education Sectors

May 18, 2020 0

As part of proactive measures to cushion the effect of the COVID-19 and revamp the nation’s dwindling economy, Heritage Bank is set to disburse the N100billion set aside by the Central Bank of Nigeria (CBN).