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All posts tagged "CBN"

  • Senate to engage CBN on FX for fuel importers

    Senate is to engage the Central Bank of Nigeria (CBN) on the opening of a special window for petroleum marketers to access foreign exchange (FX), which had remained a major challenge to them in importing products to...

    • Posted December 8, 2015
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  • Sanusi tells FG to appoint deputy governor as CBN boss

    Former Central Bank of Nigeria (CBN) Governor, Chief Joseph Sanusi has called on the Federal Government to appoint one of the deputy governors of the apex bank as governor at the expiration of the tenure of the...

    • Posted October 19, 2015
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  • Nigeria averages N1.5billion POS transactions daily – CBN

    The Central Bank of Nigeria (CBN) has said that Nigeria averages about N1.5 billion worth of transactions on the Point Of Sales (POS) terminal daily. Mr Dipo Fatokun, the Director, Banking and Payment System Department (BPSD), CBN,...

    • Posted October 7, 2015
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  • Bureau de Change operators back CBN’s forex market initiatives

    The Association of Bureau-de-Change Operators of Nigeria (ABCON) has expressed support for the fiscal policy of the Central Bank of Nigeria (CBN) on the country’s foreign exchange market. ABCON’s Chairman, Alhaji Aminu Gwadabe, told the News Agency...

    • Posted September 25, 2015
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  • CBN grants Fortis Microfinance bank National licence

    The Chairman, Fortis Micro Finance Bank Plc., Mr Felix Achibiri, has said that the Central Bank of Nigeria (CBN) has granted the bank a national microfinance licence. Achibiri made the disclosure at the 2nd Annual General Meeting...

    • Posted August 25, 2015
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  • Naira hits N215 to dollar, N332 to pound at Bureau De Change

    The Naira on Friday depreciated by N5 to the dollar as it traded N215 at the Bureau De Change (BDCs) segment of the official market. It also depreciated by N7 at the black market, selling at N217...

    • Posted February 21, 2015
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  • CBN closes RDAS, WDAS foreign exchange window

    The Central Bank of Nigeria (CBN) on Wednesday closed the Retail Dutch Auction System (RDAS) and Wholesale Dutch Auction System (WDAS) Foreign Exchange window to help stabilise the nation’s currency. This is contained in a statement signed...

    • Posted February 18, 2015
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  • Banks’ growth will reflect in real sector – CBN

    Deputy Governor at the CBN, Alhaji Suleiman Barau says the apex bank will ensure that the growth recorded in the banking sector is transmitted to real sector. Barau made the pledge in Lagos on Friday, 22, 2013...

    • Posted February 25, 2013
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  • CBN heads for another row with NASS over use of foreign currencies for local transactions

    Central Bank of Nigeria (CBN) may be heading for another acrimonious session with the National Assembly and perhaps some civil society groups that would be interested in the issue of the apex bank enforcing the ban on...

    • Posted February 23, 2013
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  • Reps ask CBN to implement single-digit lending rate

    The House of Representatives on Wednesday pushed for a single-digit benchmark lending rate in the country’s banking industry. It directed its Committee on Banking and Currency to engage the Central Bank of Nigeria on the matter with...

    • Posted February 21, 2013
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