Home Tags CBN

CBN

EFCC recovers over N2 billion stolen funds in Rivers

The Economic and Financial Crimes Commission (EFCC) said it has recovered over N2 billion stolen funds in Rivers State within the year.

Man bags 10-yrs imprisonment for drug trafficking

Justice Mojisola Olatoregun of the Federal High Court, sitting in Lagos, on Monday, sentenced and convicted a 35-year-old Cote d’Ivoire-based Nigerian, Grou Bi Clauvis, also known as Umeme Fabian Lotachukwu to 10 years imprisonment for unlawful dealing in 1.205 kilograms of methamphetamine, a prohibited drug.

NYSC launches job portal for corps members

The National Youth Service Corps (NYSC) in collaboration with Sigma Pensions has launched a job portal for outgoing corps members.

Zenith Bank, UBA, others pay N499 billion on income tax expenses

Seven Systematicaly Important Banks (SIBs) of the Central Bank of Nigeria (CBN) have paid N499 billion on income tax expenses between 2011 and 2016

Central bank mulls reducing CRR for SME-friendly banks

As part of efforts to encourage commercial banks to lend more to operators of micro, small and medium scale enterprises (MSMEs), the Central Bank of Nigeria (CBN) is considering lowering the cash reserve requirement (CRR) for SME-focused banks.

Central bank’ll use BVN to blacklist loan defaulters – Godwin Emefiele

The Central Bank of Nigeria under the auspices of the Bankers’ Committee has concluded plans to use the Bank Verification Number of customers to blacklist loan defaulters from accessing further loans in the nation’s banking system.

Federal govt spends N117 billion on debt servicing in 9 months – central bank

The Central Bank of Nigeria (CBN) has disclosed that an estimated N118 billion ($384.98 million at N306.4/ Dollar) has been spent by the Federal Government on debt services/payments between January and September 2017.

Central bank reviews stringent criteria for accessing MSMEs funds, cuts rate to 5 per...

The Central Bank of Nigeria has expressed concern that “not a penny” of the N26 billion Agri-Business, Small and Medium Enterprises Investment Scheme (AGSMEIS) has been disbursed nearly one year after its establishment, even as it expects the fund to hit N60 billion by the end of the year.

SEC, DMO, others move to deepen capital market

Securities and Exchange Commission (SEC), Debt Management Office (DMO) and other stakeholders have said that for the nation’s capital market to grow, there must be mechanism for efficiency, accountability and transparency across major economy players including the Central Bank of Nigeria (CBN).

Capital market operators seek single license from CBN, SEC

The capital market operators on Sunday called on the Central Bank of Nigeria, CBN, and the Securities and Exchange Commission, SEC, to grant them single dealing license to access discount window.

500 NYSC members obtain loan in Kano to set up business

Alhaji Ladan Baba, the Coordinator, National Youth Service Corps (NYSC) in Kano state says 500 corps members in the state were offered loan to establish their own business.

Federal govt will continue to support growth of the creative industry – Lai Mohammed

The Minister of Information and Culture, Alhaji Lai Mohammed, has said that the Federal Government would continue to provide an enabling environment for the growth of the creative industry in the country.

Ex-central bank deputy chief Obadiah Mailafia advocates implementation of economic policies

Dr Obadiah Mailafia, former Central Bank of Nigeria (CBN) Deputy Governor says that implementation of various economic policies in the country will help to grow the economy.

Central bank revamps N500 billion export stimulation und

In its bid to diversify the country’s economy away from oil, in line with the Federal Government’s economic plan, the Central Bank of Nigeria (CBN) has announced a revamp of the N500 billion Export Stimulation Fund for the promotion of non-oil exports in the country using the Anchor Borrowers’ Programme model.

facebook

Recent Posts

Boko Haram kills six soldiers in Borno

At least six soldiers died in two separate Boko Haram ambushes in Borno State, military and civilian militia sources said on Monday.

PDP covention: No victor, no vanquished – Uche Secondus

The National Chairman of the Peoples Democratic Party, Prince Uche Secondus, has appealed to all those that contested and lost at the convention not to feel bad, saying there was no victor and no vanquished.

Power plants to generate additional 1,129 mega watts in 2018 – Babatunde Fashola

The Federal Government on Monday announced that when some power generation projects were completed by 2018,they could generate additional 1,129 Mega Watts to the current 7,000 Mega Watts in the country.

Bitcoin tops $18,000 in debut on major bourse

Bitcoin surged past $18,000 after making its debut on a major global exchange but was trading lower on Monday, highlighting the volatility of the controversial digital currency that has some investors excited but others nervous.

Tanzanian President John Magufuli pardons child rapists

Children's rights activists have condemned the pardon of two child rapists by the Tanzanian president.

Most Popular

Arsene Wenger won’t sell players to increase their World Cup hopes

Arsenal manager Arsene Wenger has ruled out the possibility of selling players in January to boost their World Cup hopes.

Why Southwest failed to produce PDP national chairman – Senator Makarfi

Ahmed Makarfi, former Chairman of the Peoples Democratic Party, PDP, Caretaker Committee, on Monday revealed why South West lost at the party’s National Convention.

Oando to undergo forensic audit

The Securities and Exchange Commission (SEC) has begun the forensic audit of Oando Plc, contrary to reports that the exercise stopped due to the suspension of the Director-General of the Commission, Mr Mounir Gwarzo.

Donald Trump tells Palestinian leader Mahmoud Abbas he will move US embassy to Jerusalem

US President Donald Trump has told Palestinian leader Mahmoud Abbas that he intends to relocate the US embassy from Tel Aviv to Jerusalem, according to Palestinian officials.

Nigerians must retake looted public wealth – ASUU

The Academic Staff Union of Universities (ASUU), Nsukka zone, has insisted that it was high time Nigerians rose up to ensure that all of the nation’s public assets that were looted through privatisation, concessioning, Public-Private Partnership (PPP) and the likes were taken back from the looters.