Central Bank of Nigeria

Type: Organization
Name: Central Bank of Nigeria
First reported Apr 18 2014 - Updated Apr 18 2014 - 2 reports

FRCN Lacks The Power To Probe Me Sanusi Insists

By SaharaReporters, New York Deposed Governor of Central Bank of Nigeria (CBN), Sanusi Lamido on Thursday maintained that the Financial Reporting Council of Nigeria (FRCN) lacks the statutory powers ... ... [Published Big News Network - Apr 18 2014]
First reported Apr 18 2014 - Updated Apr 18 2014 - 1 reports

CBN releases guidelines for N200b MSME Fund

The Central Bank of Nigeria (CBN) has unveiled guidelines for the management of the N220 billion Micro, Small and Medium Enterprises (MSME) Development Fund it launched earlier in the year.In a circular yesterday, the CBN said the fund will be managed ... [Published The Nation Nigeria - Apr 18 2014]
First reported Apr 17 2014 - Updated Apr 17 2014 - 1 reports

External reserves rise to $37.9 billion

The Central Bank of Nigeria (CBN) has said that the nation’s external reserves stood at $37.91 billion as at April 15.This was posted on the apex banks’ website on Wednesday.According to the apex bank, $36.87 billion of the reserves is in ‘liquid’ form, ... [Published Business Day Nigeria - Apr 17 2014]
First reported Apr 17 2014 - Updated Apr 17 2014 - 2 reports

Atms to Have Anti Data Stealing Device By June 2014

Lagos — By June 2014, it would be almost impossible for fraudsters to steal data on all Automated Teller Machines (ATM) in Nigeria.This is because all banks in Nigeria are deploying anti-skimming devices on all ATMs in Nigeria in compliance with an earlier ... [Published AllAfrica.com - Apr 17 2014]
First reported Apr 15 2014 - Updated Apr 16 2014 - 1 reports

March inflation edges up to 7.8 percent year/year

Nigerian annual consumer price inflation edged up in March to 7.8 percent from 7.7 percent in February as food prices rose, the Nigeria Statistics Bureau (NBS) said on Monday.Food price inflation inched up to 9.3 percent from 9.2 percent the previous ... [Published Business Day Nigeria - Apr 15 2014]
First reported Apr 16 2014 - Updated Apr 16 2014 - 1 reports

Brokers, stakeholders brainstorm on economic growth

Capital market operators and other stakeholders from the private and public sectors will meet later this month to deliberate on strategic policy initiatives that would further unlock the potential of the key sectors of the Nigerian economy and deepen ... [Published The Nation Nigeria - Apr 16 2014]
First reported Apr 15 2014 - Updated Apr 15 2014 - 1 reports

Sanusi's Court Challenge Suffers Power Setback

THE suit suspended Central Bank of Nigeria (CBN) Governor, Mallam Sanusi Lamido, filed against the Financial Reporting Council of Nigeria has again failed to take off at the Federal High Court in Lagos because of another power outage.The matter was also ... [Published Individual.com - Apr 15 2014]
First reported Apr 15 2014 - Updated Apr 15 2014 - 1 reports

CBN Warns Non-Compliant Banks On E-Systems

Lagos — THE Central Bank of Nigeria (CBN) has threatened to sanction banks that refuse to use the electronic reporting systems when filing their financial returns.CBN compels the financial institutions to use e-FASS and FinA platforms.CBN new directive ... [Published AllAfrica.com - Apr 15 2014]
First reported Apr 14 2014 - Updated Apr 15 2014 - 2 reports

Firm Highlights Investment Opportunities for Portfolio Managers

In order to take advantage of the rise in interest rates as a result of the Central Bank of Nigeria's (CBN's) restrictive monetary policy regime, portfolio managers have been advised to invest more in the secondary segment of the treasury bills market ... [Published AllAfrica.com - Apr 14 2014]
First reported Apr 15 2014 - Updated Apr 15 2014 - 1 reports

Cashless policy to commence in Sokoto July

The Central Bank of Nigeria (CBN) said yesterday that it would commence the cashless policy in Sokoto State on July 1, stressing that the policy would among other things reduce security / safety risks and modernize Nigeria’s payment system.Speaking at ... [Published Daily Trust - Apr 15 2014]
First reported Apr 15 2014 - Updated Apr 15 2014 - 1 reports

FG Generates N675 Billion Revenue

Central Bank of Nigeria’s (CBN’s) logoBy Obinna ChimaThe federal government generated a total of N674.7 billion revenue in January 2014, a report has shown.The Central Bank of Nigeria’s (CBN’s) economic report for January which disclosed this showed that ... [Published This Day Online - Apr 15 2014]
First reported Apr 13 2014 - Updated Apr 14 2014 - 3 reports

CBN tasks security agencies on abuse of Naira

The Central Bank of Nigeria (CBN), on Sunday, called on stakeholders, particularly security agencies to help check the abuse of Naira notes, particularly its being sprayed at parties and sold across the country.Addressing Nigerian journalists in Washington, ... [Published Nigeria Daily Independent - Apr 14 2014]

Quotes

Mr. Iku said the devices once deployed "will ensure the security of ATM transactions across the country" adding that "CeBIH is committed to ensuring that this is achieved before the expiration of the deadline set by the regulatory body."
"This letter takes immediate effect and all reporting institutions are hereby requested to note the above timelines as any future breach shall be promptly met with the applicable sanctions."
"The drop in the debt to GDP ratio from 19 per cent (at 2012 numbers) to 11 per cent (at 2012 numbers) is a good development for Nigeria and may stimulate further interest in the Nigeria sovereign bond market."
"The concentration at the shorter end of the yield curve implies investors continue to prefer shorter tenor instruments which minimising exposure to the longer term risk" Afrinvest added

More Content

All (438) | News (427) | Reports (0) | Blogs (7) | Audio/Video (0) | Fact Sheets (4) | Press Releases (0)
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FRCN Lacks The Power To Probe Me Sanusi Insists [Published Big News Network - Apr 18 2014]
CBN releases guidelines for N200b MSME Fund [Published The Nation Nigeria - Apr 18 2014]
Reporting Council Probe: Sanusi Knows Fate May 12 [Published Daily Times Nigeria - Apr 18 2014]
Financial recklessness: Sanusi knows fate May 12 [Published Daily Trust - Apr 18 2014]
Court Reserves Judgment on Sanusi’s Suit agains... [Published This Day Online - Apr 18 2014]
NACCIMA lists hurdles to investment promotion [Published Nigeria Daily Independent - Apr 18 2014]
Why Financial Reporting Council can’t investig... [Published The Nation Nigeria - Apr 18 2014]
Court Fixes May 12 To Deliver Judgment On Sanus... [Published Leadership - Apr 17 2014]
Why I can’t be probed by Financial Council – Sa... [Published The Nation Nigeria - Apr 17 2014]
Life's Worth & A Bomb Too Many [Published Nigeria Village Square - Apr 17 2014]
FRCN Probe: Court Fixes 12 May For Verdict [Published PM News Nigeria - Apr 17 2014]
Olisa Metuh, the PDP is not the APC [Published Nigeria Intel - Apr 17 2014]
Atms to Have Anti Data Stealing Device By June ... [Published AllAfrica.com - Apr 17 2014]
External reserves rise to $37.9 billion [Published Business Day Nigeria - Apr 17 2014]
The IFSB announces the speakers for its 11th An... [Published CPI Financial - Apr 17 2014]
Union Homes investors kick against take over by... [Published Nigeria Daily Independent - Apr 17 2014]
More Nigerians Laud New GDP, Want Basic Infrast... [Published Leadership - Apr 17 2014]
Banks to phase-out old ATMs ...As CeBIH allay... [Published Nigerian Tribune - Apr 17 2014]
12,000 Nigerian ATMs At Risk As Cost Of Operati... [Published Leadership - Apr 16 2014]
Banks In Omu-Aran To Re-open soon – CBN [Published Leadership - Apr 16 2014]
Addressing youth unemployment through skill acq... [Published Nigeria Daily Independent - Apr 16 2014]
Interswitch, Western Union unveil account-based... [Published The Guardian Nigeria - Apr 16 2014]
Brokers, stakeholders brainstorm on economic gr... [Published The Nation Nigeria - Apr 16 2014]
CBN’s support to banks drops by 36% [Published The Nation Nigeria - Apr 16 2014]
Nigerians abroad remitted $21billion in 2013, h... [Published National Daily - Apr 15 2014]
Sanusi's Court Challenge Suffers Power Setback [Published Individual.com - Apr 15 2014]
March inflation edges up to 7.8 percent year/year [Published Business Day Nigeria - Apr 15 2014]
CBN Warns Non-Compliant Banks On E-Systems [Published AllAfrica.com - Apr 15 2014]
Cashless policy to commence in Sokoto July [Published Daily Trust - Apr 15 2014]
Why N220bn MSME fund release is delayed – CBN [Published Nigeria Punch - Apr 15 2014]
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Blogs

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MICROCAPITAL BRIEF: MoneyGram, Vodafone Partner... [Published MicroCapital - Mar 20 2014]
Vodafone Group, a British multinational telecommunications company, has partnered with MoneyGram, a US-based money transfer company with outlets in 200 countries, to allow MoneyGram’s customers to transfer funds to account holders of M-Pesa, a mobile ...
MICROCAPITAL BRIEF: Central Bank of Nigeria (CB... [Published MicroCapital - Mar 20 2014]
In a publication outlining guidelines for the operation of its Micro-, Small, and Medium-Sized Enterprises Development Fund (MSMEDF), the Central Bank of Nigeria (CBN), the country’s central banking authority, included a mandate to allocate 60 percent ...
MICROCAPITAL BRIEF: Central Bank of Nigeria Ann... [Published MicroCapital - Mar 02 2014]
The Central Bank of Nigeria (CBN), the country’s central banking authority, has rescinded the licenses of 83 microfinance banks (MFBs) in the country [1]. Details on the grounds for closure of the MFBs, which took effect in December 2013, have not been ...
Nigerian President Suspends Central Bank Head f... [Published Global Voices Online - Feb 20 2014]
Sanusi Lamido Sanusi , the governor of the Central Bank of Nigeria (CBN), was relieved of his job on February 20, 2014 by President Goodluck Jonathan for “financial recklessness and misconduct”. He has since been  replaced  by the most senior CBN deputy ...
Guest Post: From PetroDollar To PetroYuan – The... [Published Zero Hedge - Feb 01 2014]
Submitted by Golem XIV via Golem XIV Thoughts blog , Why would the central bank of Nigeria decide to sell dollars and buy Yuan? At first glance it might not seem the most interesting or pressing question for you to consider. But I think it is ...
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