CBN disburses N16.4bn to farmers under ‘Anchor Borrowers’ scheme — 8th April 2016 …To offer accrued CRR funds to banks soon By Blaise Udunze THE Central Bank of Nigeria (CBN), Thursday, disclosed it has disbursed a total of N16.4billion to 78,000 farmers since the maiden launch of the Anchor Borrowers’ scheme in Kebbi State. Rising from the […]
Mudiaga Affe, Calabar Eighteen persons have been injured, while two others are on critical condition, after a gas cylinder exploded in the Central Bank of Nigeria’s office in Calabar, the Cross River State capital. The explosion, which happened at about 11am on Friday, shattered the CBN banking hall and caused traffic jam on roads around […]
By Dr. Jideofor Adibe / London, UK / February 12, 2016 reflection was inspired by the ‘crisis of confidence’ that currently surrounds the Central Bank Governor, Godwin Emefiele, over his continued stewardship of the apex bank following what we now call ‘Dasukigate’ and the massive depreciation in the value of the Naira at the Black or […]
Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele says the apex bank is evolving additional measures to boost the nation’s economy and stabilise the naira. Emefiele made the remark at an Interactive Session with Media Editors in Abuja. He declined to give details of the measures and modalities for their implementation. Don’t ask […]
By Soni Daniel, Northern Region Editor ABUJA — As investigation into the looting of funds meant for the acquisition of arms for the Nigerian armed forces continues, operatives of the Economic and Financial Crimes Commission, EFCC, are in a dilemma over what to do with the former Central Bank of Nigeria, CBN, Governor, Sanusi Lamido […]
By Emeka Anaeto, Economy Editor Chairman of BCAN, Dr. Uju Ogubunka, told Vanguard yesterday that the association was meeting this week to, among other things, marshal out course of action to protect customers’ right to full and unrestricted access to their account, irrespective of their BVN status. Several banks had sent out messages to their […]
By Emeka Anaeto, Economy Editor Barely 24 hours to thedeadline for Bank Verification Number, BVN, less than half of the 52 million bank customers have been registered, a development that may have caused discomfort in the banking industry. Central Bank of Nigeria, CBN, had said no extension would be made while non-registered bank customers would […]
CBN Governor, Mr. Godwin Emefiele The naira fell further to a new record low of 235 to the dollar at the parallel market on Thursday, as dollar shortages persisted, foreign exchange dealers said. The President, Association of Bureau De Change Operators, Aminu Gwadabe, said people were holding dollars to protect themselves against further naira […]
Gives reasons for excluding rice, others from forex Says importers can’t access forex in any market By Emma Ujah, Abuja Bureau Chief ABUJA — The Central Bank of Nigeria, CBN, yesterday said that importers of rice, cement and other products will no longer access Foreign Exchange from CBN, banks and bureaux de change for such […]
Written by Nduka Chiejina, Abuja (Assistant Editor)The Bankers’ Committee yesterday said total bank credit now stands at between N13 trillion and N14 trillion, adding that three per cent of this huge credit is not performing. Addressing reporters in Abuja yesterday at the end of the Bankers’ Committee meeting, Director, Banking Supervision, Central Bank of Nigeria […]
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