Home Tags Central Bank of Nigeria

Central Bank of Nigeria

Fish farmers urge fed govt to review incentives to fish importers

The Catfish and Allied Fish Farmers Association of Nigeria (CAFFAN) has urged the Federal Government to review the incentives given to fish importers so as to make local production profitable.

Fed govt to reveal account details of IPOB sponsors

The Nigerian Government had through the Minister of Information and Culture, Alhaji Lai Mohammed, said that France was the headquarters of IPOB’s funding. But the European country on Thursday said it had no knowledge of IPOB’s presence in France.

BOA, NIPOST sign MoU on agric development

Bank of Agriculture (BOA) and Nigeria Postal Service (NIPOST) have signed a Memorandum of Understanding (MoU) to deploy post offices in the rural areas to branches of the bank.

Central bank funding of fed govt excessive – Salami

The Central Bank of Nigeria is acting like a “piggy bank” with its funding of the government, a member of the Monetary Policy Committee, Dr. Doyin Salami, has said.

Forex market in doldrums as funds offer dollars at premium

Offshore funds in Nigeria offered on Wednesday to sell the dollar at close to its black market rate, traders said, worsening a liquidity lull on the foreign exchange market.

Group writes Buhari, demands cost of foreign medical treatment

A group, Advocacy for Societal Rights Advancement and Development Initiative, has written President Muhammadu Buhari, demanding the details of the President’s medical bill for the period of 104 days that he spent in the United Kingdom receiving treatment for an undisclosed ailment.

Banks trading below minimum liquidity ratio – MPC members

Four commercial banks in the country are operating with too many non-performing loans on their books and with liquidity ratios below the minimum requirement, two members of the Central Bank of Nigeria’s Monetary Policy Committee have said in statements on the bank’s website.

Land Use Act detrimental to mortgage financing – CBN

Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has identified various bottlenecks hindering genuine investors and by extension free flow of funds into the mortgage sector.

Customs read riot act to FTZs over smuggling

The Nigeria Customs Service (NCS) has raised concerns over the increasing smuggling activities allegedly taking place at some Free Trade Zones (FTZs) in the country.

Most horrendous crimes financed by corruption – Magu

Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Mr Ibrahim Magu, has disclosed that most crimes militating against humanity are perpetrated using proceeds of corruption.

How we print, spend millions of fake local, foreign currencies – suspects

The Osun State Commissioner of Police, Adeoye Fimihan, has confirmed the arrest of six persons in connection with the printing, selling and spending of fake local and foreign currencies.

Central bank to punish banks for forex infractions

This is even as the apex bank sustained its intervention in the various sectors of the inter-bank foreign exchange market with the injection of $545m.

Central bank to sanction erring banks over retail forex

Central Bank of Nigeria (CBN) on Monday threatened to sanction any Deposit Money Bank (DMB) which fails to comply with its directive to open teller points for retail forex transactions.

Risks of central bank-issued cryptocurrencies are still unclear

It is too soon to determine whether central banks should issue their own cryptocurrencies, the Bank for International Settlements said on Sunday, as the risks could not yet be fully assessed and the technology underpinning them is still unproven.

facebook

Recent Posts

Court sentences student to death for killing policeman

A court in Sudan on Sunday sentenced a university student to death after convicting him of killing a policeman during protests in the capital last year, a defence lawyer said.

FA chief wants Nigeria to host CHAN 2018

Mr Musa Talle, FCT FA Chairman on Sunday called on Federal Government to consider hosting the Championship of African Nations (CHAN) football tournament in 2018.

Mourinho delighted with central defenders as Man United win

Jose Mourinho praised the influence of central defenders Eric Bailly and Phil Jones as Manchester United resisted Southampton's pressure in Saturday's 1-0 victory at St Mary's.

Rohingya in Bangladesh need ‘massive’ assistance – UN

Bangladesh needs "massive international assistance" to feed and shelter the 436,000 Rohingya who have fled Myanmar in recent weeks, the head of the UN refugee agency said.

Fish farmers urge fed govt to review incentives to fish importers

The Catfish and Allied Fish Farmers Association of Nigeria (CAFFAN) has urged the Federal Government to review the incentives given to fish importers so as to make local production profitable.

Most Popular

I didn’t think of Man City for a second – Mourinho

Jose Mourinho has played down Manchester United's blossoming title battle with Manchester City by insisting he did not think about Pep Guardiola's side for "one single second" in the build-up to Everton's visit to Old Trafford on Sunday.

Lebron James slams Trump over comments on NFL players

United States President Donald Trump received backlash from Basketball sensation, Lebron James, over comments on NFL players and disinvite to the White House.

Motorists urge fed govt to declare emergency on Benin-Auchi-Okene Expressway

Motorists plying the Benin-Auchi-Okene Expressway have urged the Federal Government to declare a state of emergency on the busy highway.

Kwara yellow fever patients medically stable

The two patients diagnosed with yellow fever in Oro-Ago in Ifelodun Local government area of Kwara state are now medically stable.

Mexicans march to protest violence against women

Thousands of women of all ages marched Sunday through Mexico City, demanding justice in the case of a young woman who was kidnapped and murdered.