Central Bank of Nigeria

Type: Organization
Name: Central Bank of Nigeria
First reported Oct 24 2014 - Updated 2 hours ago - 1 reports

We’ll continue to defend naira – CBN

Deputy Governor, Economic Policy, Central Bank of Nigeria, Dr. Sarah AladeThe Central Bank of Nigeria has said it would continue to support the naira after the currency approached a record low amid declining oil prices and the end of United States monetary ... [Published Nigeria Punch - Oct 24 2014]
First reported 15 hours ago - Updated 2 hours ago - 1 reports

Diamond Bank PLC announces change in CEO

11:35am EDTDiamond Bank PLC:Appoints Uzoma Dozie as its new Group Managing Director/CEO following the voluntary retirement of the Group Managing Director/Chief Executive Officer, Alex Otti.Dozie's appointment is subject to the approval of Central Bank ... [Published Reuters - 15 hours ago]
First reported 19 hours ago - Updated 19 hours ago - 1 reports

Impact of central bank pay-out ratios on Nigeria's financial sector

The Central Bank of Nigeria published a circular on the internal generation and dividend pay-out ratios. Adeoluwa Omotola, an investment management researcher at ARM Investment Managers joins CNBC Africa to discuss the likely impact on banks. ... [Published CNBC Africa - 19 hours ago]
First reported Oct 24 2014 - Updated Oct 24 2014 - 1 reports

FG raises N171.3bn in Treasury bills

October 24, 2014 by Femi Asu, with agency report Leave a CommentMinister of Finance, Dr. Ngozi Okonjo-IwealaNigeria sold N171.26bn ($1.03bn) worth of treasury bills with maturities ranging between three months and one year at an auction this week, with ... [Published Nigeria Punch - Oct 24 2014]
First reported Oct 23 2014 - Updated Oct 23 2014 - 1 reports

EMAN links human survival to sustainable environmental

By Idongesit Ashameri  /   Correspondent, UyoThe Environmental Management Association of Nigeria (EMAN) has said that the survival of man on earth is inextricably linked to the safety of his physical environment.The national president of EMAN, Dr Emmanuel ... [Published Nigeria Daily Independent - Oct 23 2014]
First reported Oct 23 2014 - Updated Oct 23 2014 - 1 reports

CBN moves to develop consumer protection framework

By Sola Alabadan  /   Senior CorrespondentThe Central Bank of Nigeria (CBN) has commenced the process to develop an effective consumer protection framework that would guarantee standards for consumer service, market discipline and ensure that consumers ... [Published Nigeria Daily Independent - Oct 23 2014]
First reported Oct 23 2014 - Updated Oct 23 2014 - 1 reports

CBN Toughens Stance On BVN Project for Banks, Customers

THE Central Bank of Nigeria may have listed a hard path for both the financial institutions and their customers in an effort to deepen compliance to the ongoing Biometric Verification Number project.The apex bank had launched the BVN exercise in February ... [Published Individual.com - Oct 23 2014]
First reported Oct 21 2014 - Updated Oct 22 2014 - 2 reports

CBN clarifies directive on verification number

• Says banks to enroll 40% customers before DecemberBy Andy NssienBusiness EditorAll deposit money banks (DMBs) operating in the country are required to enroll at least 40 per cent of their customers on or before December 31, this year, and 70 per cent ... [Published Nigeria Daily Independent - Oct 22 2014]
First reported Oct 22 2014 - Updated Oct 22 2014 - 2 reports

CBN to ensure 80% financial inclusion by 2020

THE Central Bank of Nigeria (CBN), on Tuesday, expressed its commitment to meeting the targets of attaining 80 per cent financial inclusion among adult Nigerians by 2020.The apex bank also declared that economic growth of any nation depended largely on ... [Published Nigerian Tribune - Oct 22 2014]
First reported Oct 21 2014 - Updated Oct 21 2014 - 2 reports

CBN to sanction erring MFBs on high loan charges

The Central Bank of Nigeria (CBN) may penalise Micro-Finance Banks (MFBs) that charge above nine per cent on loans obtained under the  N120 billion Micro, Small and Medium Scale Enterprises (MSMEs) fund, a source in the apex bank’s Other Financial Institutions Department ... [Published Business Day Nigeria - Oct 21 2014]
First reported Oct 20 2014 - Updated Oct 20 2014 - 2 reports

Nigeria receives $67bn FDI in 13 years with opportunities in solid minerals

Nigeria has, in the last 13 years of return to democratic governance, received direct investment of over $67billion, Godwin Emefiele, governor of Central Bank of Nigeria (CBN), has said.Emefiele, who said this at the weekend after he was conferred with ... [Published Business Day Nigeria - Oct 20 2014]
First reported Oct 19 2014 - Updated Oct 20 2014 - 2 reports

Women Entrepreneurs To Benefit More From N220bn Sme Fund- CBN

— Oct 20, 2014 |The Central Bank of Nigeria (CBN) has revealed that 60% of the N220billion it recently earmarked for the development of micro, small and medium enterprises would be channelled to women entrepreneurs in the country.CBN branch controller ... [Published Leadership - Oct 20 2014]

Quotes

...will be particularly involved in the monitoring of compliance, the statement signed by the Director of Banking and Payments System Department, "Dipo Fatokun, added that all credit customers of banks must have BVN by December 31, 2014."
"You have been with us since 2002 and in all our engagements, we have never failed you. Today will be no different" he said
"Exchange rate is a price determined by forces of supply and demand. The strongest factor on the supply side is the forex inflow from crude oil. Therefore, a downward trend in oil price would naturally result in exchange rate depreciation. Although the CBN has been struggling to defend the naira, this may not be sustainable if the slide in oil prices persists" Yusuf noted
Meanwhile, total federally-collected revenue which stood at of N2, 601.98 billion in the second quarter represented "an increase of 4.3 per cent above the receipts in the first quarter of 2014, but was a decline of 4.3 per cent below the proportionate quarterly budgeted estimate" the report explained

More Content

All (348) | News (333) | Reports (0) | Blogs (11) | Audio/Video (0) | Fact Sheets (4) | Press Releases (0)
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Where are lower naira denominations? [Published Nigerian Tribune - 2 hours ago]
NSEI floats seminar to mentor entrepreneurs [Published Daily Newswatch - 8 hours ago]
Abia guber: Alex Otti resigns as Diamond Bank G... [Published Daily Sun - 8 hours ago]
Diamond Bank PLC announces change in CEO [Published Reuters - 15 hours ago]
Impact of central bank pay-out ratios on Nigeri... [Published CNBC Africa - 19 hours ago]
BREAKING NEWS! Abia guber: Alex Otti resigns as... [Published Daily Sun - 19 hours ago]
POCA, MLA SHALL STRENGTHEN NIGERIA’S ANTI-GRAFT... [Published Modern Ghana - Oct 24 2014]
We’ll continue to defend naira – CBN [Published Nigeria Punch - Oct 24 2014]
FG raises N171.3bn in Treasury bills [Published Nigeria Punch - Oct 24 2014]
Grazing Reserve: CBN To Provide N100bn Seed Fun... [Published Daily Times Nigeria - Oct 23 2014]
EMAN links human survival to sustainable enviro... [Published Nigeria Daily Independent - Oct 23 2014]
RUFIN to assist microfinance banks, others, to ... [Published Business Day Nigeria - Oct 23 2014]
CBN moves to develop consumer protection framework [Published Nigeria Daily Independent - Oct 23 2014]
CBN Toughens Stance On BVN Project for Banks, C... [Published Individual.com - Oct 23 2014]
Fixed income market… the growing concern [Published Business Day Nigeria - Oct 23 2014]
As Boko Haram Strikes In Adamawa Again: 45 Girl... [Published Leadership - Oct 23 2014]
Boost for non-oil exports as manufacturers capt... [Published Business Day Nigeria - Oct 23 2014]
CBN denies funding Boko Haram [Published Nigeria Punch - Oct 23 2014]
Nigeria central bank denies funding Boko Haram ... [Published Newstime Africa - Oct 22 2014]
BANKELELE: Kenya’s tiny, big banks [Published Daily Nation - Oct 22 2014]
Oil slump rings alarm bells for Nigeria as elec... [Published Business Day Nigeria - Oct 22 2014]
Nigeria Moves a Step Closer to Cashless Economy... [Published Mobile World - Oct 22 2014]
We’re not funding Boko Haram -CBN [Published Nigeria Punch - Oct 22 2014]
Taxing gains arising from disposal of capital a... [Published Business Day Nigeria - Oct 22 2014]
Driving growth, profitability via money transfer [Published The Nation Nigeria - Oct 22 2014]
National survey’ll solve housing problem for lo... [Published Daily Sun - Oct 22 2014]
TrustBond consolidates foothold in mortgage ma... [Published Business Day Nigeria - Oct 22 2014]
Experts Foresee Pressure on Naira over Declinin... [Published This Day Online - Oct 22 2014]
CBN clarifies directive on verification number [Published Nigeria Daily Independent - Oct 22 2014]
Rights Issues to the Rescue [Published This Day Online - Oct 22 2014]
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Blogs

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MICROCAPITAL BRIEF: Nigeria’s National As... [Published MicroCapital - Sep 16 2014]
The National Association of Microfinance Banks (NAMB), a trade group of 900 microfinance banks in Nigeria, recently reported on the progress of microfinance in the country from 2005 to 2012. The president of the association, Mr Valentine Whensu, stated ...
MICROCAPITAL BRIEF: Central Bank of Nigeria (CB... [Published MicroCapital - Sep 08 2014]
President Goodwill Jonathan of Nigeria officially launched the Micro, Small and Medium Enterprises (MSME) Development Fund at the eighth MSME finance conference in Abuja, Nigeria, where he announced the provision of NGN 870 million (USD 5.36 million) ...
Why the face of reform is slow [Published CNN.com - Video - Aug 18 2014]
Central Bank of Nigeria's Deputy Governor Kingsley Moghalu talks about "The Bankers' New Clothes." ...
Growing women entrepreneurs as potential market... [Published Zunia.org RSS - Aug 14 2014]
There is no doubt that the growing women entrepreneurs in the country could serve as a potential market for banks to grow their businesses, thereby enhancing the Central Bank of Nigerias financial inclusion policy. This is because statistics reveal ...
MICROCAPITAL BRIEF: Nigerian Government Exempts... [Published MicroCapital - Jul 30 2014]
The Federal Inland Revenue Service (FIRS), the Nigerian government agency in charge of tax policy and collection, reportedly has revised the country’s tax laws to exempt microfinance banks (MFBs) from paying value-added tax (VAT) in an attempt to support ...
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