Home Topics Central Bank of Nigeria

Central Bank of Nigeria

Nigerian National Petroleum Corporation (NNPC)

NNPC, 31 oil firms mobilise $30 million coronavirus fund

The Nigerian National Petroleum Corporation (NNPC) and 31 upstream oil and gas industry companies on Friday announced a $30 million (N11.4 billion) intervention fund to combat coronavirus in Nigeria.

Nigeria’s central bank halts forex sales to bureaux de change

The Central Bank of Nigeria (CBN) has suspended sales of foreign exchange to Bureau de Change (BDCs) until the COVID-19 pestilence is over.
President Muhammadu Buhari

President Buhari promises access to food, medication

President Muhammadu Buhari has promised not to restrict access to food and medications but urged Nigerians to adhere to instructions meant to curb the spread of the coronavirus pandemic.

BUA chairman boosts Nigeria’s coronavirus response mechanism with N1 billion

The Founder of BUA Group, Abdul Samad Rabiu, on Thursday donated N1billion to support the Federal Government’s bid to effectively tackle the coronavirus scourge in the country.
President of the Senate Ahmad Lawan on Tuesday tasked top security officials to beef up security measures at the National Assembly.

National Assembly leadership meet ministers on planned 2020 budget review

The Leadership of the National Assembly on Wednesday held a meeting with some Ministers and Heads of agencies from the Executive arm of Government to brainstorm on the impact of Coronavirus pandemic on the Nigerian economy.

Paris Club refund: Court orders Katsina to pay firm N13.3 billion

The Federal High Court, Abuja, has ordered the Katsina State Government to pay a firm, Mauritz Walton Nigerian Ltd, N13.3 billion for the debt management services it rendered to the state.
President of the Senate, Ahmad Lawan, disclosed on Tuesday that the Senate may next week consider the report of an Ad-Hoc Committee on security challenges with a view to finding solutions to Nigeria’s security problems.

Senate committee threatens to issue arrest warrant for central bank governor

The Senate Committee on Public Accounts might consider demanding an arrest warrant for the Governor of the Central Bank of Nigeria, Godwin Emefiele, over his refusal to honour invitations extended to him by the legislature.
NECA’s Director-General, Mr Timothy Olawale, who made the call on Tuesday in Lagos, called for more specific and direct business sustainability schemes, to save the private sector.

NECA urges support for businesses

The Nigeria Employers’ Consultative Association has advised governments to urgently accord businesses more structured and specific support, to enable them to stay afloat and reduce the impact of Coronavirus on them.
The House of Representatives is calling for the postponement of the National Sports Festival scheduled to hold next week in Edo State.

House of Reps seek use of unity schools’ hostels as isolation centres

The House of Representatives on Tuesday demanded emergency measures on the part of the Executive arm to protect the Nigerian people and the economy from the potentially dire consequences of a widespread outbreak of the Covid-19 among the populace.
Business activities resumed in full swing in Kano amid worsening international economic crisis occasioned by the Coronavirus pandemic.

Businesses open, schools close in Kano

Business activities resumed in full swing in Kano amid worsening international economic crisis occasioned by the Coronavirus pandemic.

Aviation Union warns companies against unilateral actions, seeks partnership

One of the leading unions in the Nigerian aviation industry, the National Union of Air Transport Employees (NUATE), has warned aviation companies against taking unilateral decisions that may negatively affect workers in the sector, as Covid-19 ravages world’s economies.
President of the Senate, Ahmad Lawan, disclosed on Tuesday that the Senate may next week consider the report of an Ad-Hoc Committee on security challenges with a view to finding solutions to Nigeria’s security problems.

Senate: Ex-NIA chief collected $289 million cash from central bank without approval from presidency

The Senate Committee on Public Accounts has revealed that the sacked Director General of the National Intelligence Agency, Ambassador Ayo Oke, collected $289 million cash from the Central Bank of Nigeria without approval from the former President Goodluck Jonathan.
Nigeria Naira

Naira: It’s currency adjustment, not devaluation – central bank

The Central Bank of Nigeria (CBN) said Friday’s decision to peg the exchange rate of the Naira at N380 to the dollar is not a devaluation of the Nigerian currency.

Keystone Bank appoints Olaniran Olayinka as acting chief

Keystone Bank Limited has announced the appointment of Mr. Olaniran Olayinka as the Bank’s Acting Managing Director/CEO, subject to approval by the Central Bank of Nigeria (CBN).

Nigeria central bank, bankers committee to support pharmaceutical firms

As the country continues to record new cases of corona virus, the Central Bank of Nigeria (CBN) and the Bankers’ Committee rose from an extra-ordinary meeting held in Lagos on Saturday, March 21, 2020, with the pledge to grant funding facilities (in Naira and foreign exchange) to pharmaceutical companies in the country to enable them procure raw materials and equipment to boost local drug production in Nigeria.
An employee shows US dollar banknotes at a foreign currency brokerage office in Khartoum on October 7, 2018. - Sudan slashed the official value of its currency against the US dollar by more than half on October 7, the third devaluation this year in the face of a mounting economic crisis. (Photo by ASHRAF SHAZLY / AFP)

Nigeria’s central bank rolls out new forex regulation

As the battle to save the Naira from a free fall ensues, the Central Bank of Nigeria (CBN) has resumed a weekly rate regulation, with independent money transfer operations ordered to sale at N376/$1 to banks while end-users will get the US Dollar at N380.
Nigeria Naira

Nigeria ‘devalues’ naira as analysts asses market situation

As the Coronavirus, COVID-19, pandemic continues to take a toll on the Nigerian economy, the Central Bank of Nigeria, CBN, has technically devalued the naira to reflect market conditions as analysts and market operators said they are not surprised.
The Buhari Media Organisation (BMO) says President Muhammadu Buhari’s administration will not implement policies that will affect the existence of the poor while raising revenue to fund the nation’s infrastructure projects.

Presidency slams Senate for asking President Buhari to address Nigerians

The Presidency has rebuked the Senate for calling on the President Muhammadu Buhari to address Nigerians in a television broadcast with regards to the Coronavirus.

Recent Stories

The Lagos State Governor, Babajide Sanwo-Olu, has commenced the distribution of bags of rice, beans and Vitamin C to indigent families to cushion the stay-at-home order aimed at tackling the spread of Coronavirus. 5

Nigeria struggles towards shutdown as virus fears grow

The normally bustling markets have thinned out and the notoriously clogged roads are eerily free: Lagos is lurching towards shutdown as Nigeria tries to prevent the spread of coronavirus.
Lagos State Commissioner for Health, Akin Abayomi, on Tuesday asked the passengers who were on the same plane with the lady to self-isolate as he released hotlines to call should they show any symptoms.

Lagos confirms eight new virus cases

Prof. Akin Abayomi, the State Commissioner for Health, made this known on his Twitter handle
MURIC Director, Prof. Ishaq Akintola, said this in a statement on Monday in Lagos.

MURIC supports minister on prison decongestion

The Muslim Rights Concern (MURIC) has supported the call by Minister of Internal Affairs, Mr Rauf Aregbesola, for decongestion of Correctional Centres to prevent the spread of COVID-19.
As Nigeria celebrates her 59th year independence anniversary, Governor Darius Ishaku of Taraba State has said that though the country is 59 years old, it has not matured.

Taraba shuts down borders, bans travel in and out of state

Taraba State Governor Darius Ishaku has banned travel in and out of the state with effect from Sunday, March 29th until further notice.

US: Emergency visa for medical professionals with approved H, J petitions

The United States Embassy in Nigeria says the recent emergency visa appointment for medical professionals is only for individuals with approved H or J petition.