Tag archive for ‘CBN’
By Bar and Bench On Friday, October 20th, 2017

e-fraud: CBN orders banks to keep database of fraudulent customers

In a bid to further curb the menace of fraudsters, the Central Bank of Nigeria (CBN) on Thursday directed banks to establish a database of their customers identified through their Bank Verification Numbers (BVNs) More...

By Bar and Bench On Monday, October 9th, 2017

Ogbeh gives CBN thumbs up for embargoing 41 forex items

Minister of Agriculture and Rural Development, Chief Audu Ogbeh, has applauded the Central Bank of Nigeria’s (CBN) Governor, Godwin Emefiele for restricting foreign exchange (forex) supply for the importation More...

By Bar and Bench On Friday, October 6th, 2017

CBN gets new deputy governor, MPC members

President Muhammadu Buhari on Thursday appointed Mrs. Aisha Ahmad as a deputy governor of the Central Bank of Nigeria. Ahmad is to replace Mrs. Sarah Alade at the apex bank, who retired early this year. According More...

By Bar and Bench On Wednesday, September 13th, 2017

Mobile money transaction, balance get new limits, says CBN

THE Central Bank of Nigeria (CBN) has adjusted daily mobile money wallet transaction and balance limit. The apex regulatory financial institution as well reviewed the Bank Verification Number (BVN) requirement More...

By Bar and Bench On Monday, September 11th, 2017

Why we inject fresh $250 million into FOREX market—CBN

To keep the inter-bank market liquid, the Central Bank of Nigeria (CBN), has again injected another $250 million into the foreign exchange market. CBN’s spokesperson, Isaac Okorafor, who made the disclosure on More...

By Bar and Bench On Tuesday, September 5th, 2017

Forex: CBN pumps $1.3bn to keep market afloat in August

The Central Bank of Nigeria (CBN) pumped N1.301billion into the foreign exchange (forex) market to boost liquidity and settlement for eligible transactions in the month of August alone. The decision was in sync More...

By Bar and Bench On Friday, September 1st, 2017

CBN injects fresh $297m into FX market as Naira closes at N362

The Central Bank of Nigeria (CBN)on Thursday  injected another $297 million into the Retail Secondary Market Intervention Sales (SMIS) segment of the foreign exchange market. By the development, the total intervention More...

By Bar and Bench On Tuesday, August 29th, 2017

Again, CBN injects additional $250m into Forex market

As part of its on-going intervention in the interbank foreign exchange market, the Central Bank of Nigeria (CBN) on Monday injected additional $250million into the three segments of the market. In the wholesale More...

By Bar and Bench On Monday, August 28th, 2017

CBN begins poultry anchor borrower programme in Lagos

The Central Bank of Nigeria (CBN) has kick-started its Poultry Anchor Borrowers Scheme (ABP) in Lagos just as 10 poultry farmers have  registered under Nigeria’s foremost broiler out-grower scheme, Natnupreneur. Under More...

By Bar and Bench On Sunday, August 27th, 2017

Lending rate drops on fresh naira injection

The country’s overnight lending rate has dropped to 12 per cent on Friday after spiking to almost 100 per cent on Wednesday due to a liquidity squeeze as lenders paid for hard currency and treasury bills purchased More...