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Cbn

Foreign reserve today has inched to $28.9 billion – CBN Governor

“I am happy to say that foreign reserve today has inched to $28.9 billion. It is exciting to see this happen. But is there a need to float the Naira? It is important to note that we have to manage ...

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CBN

CBN drags Nine Banks For Failing To Remit $2.3bn NNPC Funds

Determined not to tolerate any further breach of extant financial regulations, the Central Bank of Nigeria (CBN) has barred nine banks from all foreign exchange transactions. The banks, THISDAY exclusively gathered this afternoon, were barred for failing to remit the ...

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CBN

CBN empowers 1,500 youths with ₦2.5bn entrepreneurship loan

The pilot phase of the Youth Entrepreneurship Development Programme (YEDP) was flagged off yesterday and it’s aimed at empowering 1,500 youths between the age of 18 and 35 with a total of N2.5bn loan with a single digit interest rate. ...

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cbn

Sahara Reporters Unveil Names Of Beneficiaries Of CBN Illegal Recrutiment+photos

After online news outlet Sahara Reporters broke the news of Central Bank of Nigeria’s affirmed illicit procuring of 91 individuals, there have been blended to negative responses from the citizenry. Amidst the continuous civil arguments, names of affirmed recipients of ...

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CBN

Nigeria’s Economy Is Not Entering Recession – CBN

Says Nigerians unmindful of the bank’s exercises. The Central Bank of Nigeria, CBN, amid the weekend discredited the fears for alarm being communicated by a few partners that the country’s economy may be entering recession. The apex bank however expressed that ...

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Cbn

See The List Of 19 States Given Bailout money and how much As Released By CBN

The Central Bank of Nigeria, CBN said on Friday that 19 of the 36 states of the federation have so far profited from the salary ‘ bailout bundle. The states that applied for and got various entireties from the aid include Kwara, ...

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CBN to prosecute proprietors, others demanding foreign currencies.

The Central Bank of Nigeria says it will not hesitate to prosecute persons, including school managers, who demand and accept tuition in foreign currencies. A statement by the bank’s Director Corporate Communications, Ibrahim Mu’azu, noted that the CBN Act of ...

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