Main Menu

Tag: apex bank

CBN: We Have Settled All Valid Forex Backlogs

Central Bank of Nigeria (CBN)
The Central Bank of Nigeria (CBN), yesterday, announced that all valid Foreign Exchange (FX) backlogs owed various sectors of the economy had been settled. The FX settlement fulfilled a keyRead More

CBN: Agriculture Remains Backbone Of Nigeria’s Economy

CBN Godwin Emefiele
Hails strides in maize, cassava production Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, says agriculture remains a strong pillar and saving grace for the Nigerian economy. EmefieleRead More

Lemo: Don’t Blame CBN, Hold Nigerians Responsible For Forex Scarcity

Chairman of Titan Trust Bank, Mr Tunde Lemo
The Chairman of Titan Trust Bank, Mr Tunde Lemo, has stated that the Central Bank of Nigeria (CBN) should not be blamed for the insufficiency of forex in the country.Read More

CBN Has Enough FX To Meet Market Demand, Report Reveals

Central Bank of Nigeria (CBN)
Says inflows from Eurobond, SDR will boost forex supply Amid a spate of measures being put in place by the Central Bank of Nigeria (CBN) to reduce pressure on theRead More

Nigeria’s Forex Inflow Hits $55.5bn In Seven Months

Central Bank of Nigeria (CBN)
The Central Bank of Nigeria (CBN) has disclosed that Nigeria recorded a foreign exchange inflow of $55.5billion within a seven-month period. It attributed the forex inflow to increased non-oil receiptsRead More

Emefiele Forecloses Monetary Policy Tightening To Boost Recovery, Stimulate Growth

Ex-Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele
Says Nigeria not exposed to effects of US policy normalisation, others Banking industry NPLs drop 4.85%, lowest in 10 years Warns against patronage of loan sharks The Governor of theRead More

Emefiele Rules Out Further Forbearance Extension For Intervention Loans

CBN Godwin Emefiele
Says it’s time to pay back as economy recovers Urges customers to challenge discretionary bank charges Leaves MPR unchanged at 11.5% The Governor of the Central Bank of Nigeria (CBN),Read More

CBN Partners Payment System Providers, Fintechs to Deepen eNaira Adoption

Central Bank Digital Currency (CBDC), also known as the eNaira
Says apex bank not competing with banks Unveils digital financial inclusion programme for women, youths The Central Bank of Nigeria (CBN) yesterday said it was working with key stakeholders inRead More

CBN Caps Loan At N5bn In New ‘100 For 100’ Policy

Central Bank of Nigeria (CBN)
The Central Bank of Nigeria (CBN) has set a maximum threshold of N5 billion to be accessed by an obligor under its new financial instrument, tagged, 100 for 100 PolicyRead More

CBN Okays I&E Rates For PAPSS Transactions, Excludes Items Banned From Official FX

Central Bank of Nigeria (CBN)
The Central Bank of Nigeria (CBN) has directed commercial banks to apply the exchange rate in the Investors and Exporters (I&E) Window for outbound payments through the Pan African PaymentsRead More