National Wire About Nigerians, Nigerian Business and Other Stories
Abusing Naira Notes Is Criminal Offence –CBN
The Central Bank of Nigeria (CBN), has appealed to Nigerians to stop defacing the naira, describing it as a national identity and symbol, which must be kept neat.
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Tag Archives: CBN
CBN Limits Standing Deposit Facility Of Banks To N2bn Daily
As part of compelling the nation’s banks to perform their financial intermediation roles especially to the private sector, rather than concentrating on government instruments, Central Bank of Nigeria (CBN), on Wednesday set maximum Standing Deposit Facility (SDF) at N2bn.
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CBN Says Banks Can Now Operates Mobile Wallet
The Central Bank of Nigeria has said that Deposit Money Banks can now operate mobile money wallet services without prior approval. The banking regulator stated this in a circular to DMBs with the title, ‘Operation of mobile money wallets by DMBs,’ on Thursday July 4, 2019.
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Discos Says Poor Transmission Caused System Collapses
The nine system collapses so far recorded in 2019 were caused by the poor transmission network protection of the Transmission Company of Nigeria, power distribution companies stated on Wednesday July 3, 2019.
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CBN Urges MfBs To Acquire 64 New Customers Per Month
The Central Bank of Nigeria, (CBN), on Tuesday July 2, 2019, announced a financial inclusion target of 64 new customers per month for each branch of Microfinance Banks, MfBs, in the country.
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CBN’s Poor Performance Blamed On Crude Oil Low Price
The failure of the Central Bank of Nigeria (CBN) to become more people-focused as promised by its governor, Mr Godwin Emefiele, has been attributed to global the downturn of commodity prices, especially that of crude, the main export commodity of Nigeria
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CBN Plans Fresh Banks’ Recapitalisation As Capital Base Weakens By $3.5bn
The depreciation of the naira between 2004 when the last banking sector recapitalisation took place and now has cut the value of the capital of each Deposit Money Bank by about $175m.
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Economy: Emefiele Seeks Stronger Efforts Against Global Shocks
Mr Godwin Emefiele, Governor of the Central Bank of Nigeria, on Saturday emphasised the need to strengthen efforts over the coming years to stimulate growth and create jobs in critical sectors to insulate the economy from global shocks.
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Emefiele Sworn In For Second Term As CBN Governor
Mr. Godwin Emefiele, Governor of the Central Bank of Nigeria, on Monday, began his second tenure in office.
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CBN Sets Up Committee To Revive 50 Textile Firms In 4-years
Following the earlier restriction of official forex supply to textile importers to boost local cotton/textile production, the Central Bank of Nigeria (CBN) set up a committee for the revival of the country’s cotton, textile and garment industry.
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