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Tag: Central Bank of Nigeria (CBN)

Manufacturing Sector Contracts for 6th Consecutive Month- CBN

The Manufacturing Purchasing Managers’ Index (PMI), for the month of October, witnessed a contraction for the 6th consecutive month, as it stood at 49.4...

CBN Releases Framework For Financing of Mass Metering

Central Bank of Nigeria (CBN) has released its framework for National Mass Metering Programme (NMMP). The framework was released by the Development Financing department of...

CBN Directs DMB to Clamp Down on COVID-19 Financial Crimes

The Central Bank of Nigeria (CBN) has advised all banks to update alert protocols in their Anti-Money Laundering/Combating the Financing of Terrorism monitoring tools,...

Beware of Fraudulent Loan Offers, Investment Schemes, CBN Warns

The Central Bank of Nigeria (CBN) on Thursday warned members of the public against fraudulent messages and videos targeted at unsuspecting loan seekers and...

 Senate Directs Committee to Investigate Complaints of Excessive Bank Charges

The Senate on Wednesday at plenary directed its Committee on Banking, Insurance and other Financial Institutions to investigate complaints of Nigerians on illicit and...

P&ID’s $10bn Arbitral Claim: $200m Injected Into FX on Tuesday, Says...

A United Kingdom Commercial Court on Tuesday ordered the release of the $200million guarantee put in place as security in respect of the execution...

Asiwaju Tinubu Hails Adelabu at 50, Says His Best Yet to...

The All Progressives Congress (APC) National Leader, Asiwaju Bola Ahmed Tinubu congratulated former deputy governor of the Central Bank of Nigeria (CBN) and APC...

Gov. Oyetola Tasks Rich on Employment Generation, Selfless Service for Sustainable...

By Deborah Oladejo, Osogbo Osun State Governor, Adegboyega Oyetola, has called on the well-to-do Nigerians, particularly youths to invest in projects capable of empowering the...

CBN Moves to Forestall Food Shortages Amid COVID-19 Pandemic

The Central Bank of Nigeria (CBN), has embarked on a large scale food production in some states, to ensure food security, especially during the...

CBN Suspends Customer-to-Customer FX Transfer

The Central Bank of Nigeria (CBN) has banned the transfer of Foreign Exchange (FX) from one customer to another. According to the apex bank, FX...
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