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All posts tagged "Central Bank of Nigeria"

  • Stakeholders parley on slow mobile money uptake

    Airtel Nigeria’s Director of Regulatory Affairs and Special Projects, Osondu Nwokoro, has identified the exclusion of Telecommunications Operators (TELCOs) from playing very active roles in the implementation of mobile money as a major drawback to the uptake...

    • Posted September 30, 2013
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  • CBN suspends WDAS to check money laundering

    The Central Bank of Nigeria (CBN) says it has suspended its Wholesale Dutch Auctions (WDAS) to check money laundering in the foreign exchange market. A circular by CBN to Bureau De Change (BDC) operators on Friday said...

    • Posted September 28, 2013
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  • Cashless Policy: CBN to apply charges on withdrawals, deposits from October 2

    The Central Bank of Nigeria (CBN) says it will start applying charges on withdrawals and deposits above N500,000 for individuals and N2 million for corporate bodies from Oct. 2. Mr Tunde Lemo, Deputy Governor, Operations, said this...

    • Posted September 28, 2013
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  • Central Bank maintains 12% lending rate

    The Central Bank of Nigeria (CBN) on Tuesday retained the lending rate at 12 per cent, the CBN Governor, Malam Sanusi Lamido Sanusi, said. Sanusi said this while briefing newsmen on the outcome of the Monetary Policy...

    • Posted September 25, 2013
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  • Sovereign Wealth Fund is to shield Nigerian economy – CBN

    Mallam Sanusi Lamido Sanusi, Governor, Central Bank of Nigeria (CBN), says the Federal Government established the Sovereign Wealth Fund (SWF) to shield Nigerian economy from adverse global shocks. Sanusi, who made the remark at the Euromoney Conference...

    • Posted September 19, 2013
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  • Government realised N1tn revenue in July – CBN

    The country realised a total of N1.05tn in federally collected revenue in July, according to the monthly report posted on the Central Bank of Nigeria’s website on Thursday. The amount represents an increase of 33.7 per cent...

    • Posted September 14, 2013
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  • Stockbrokers blame depreciation in shares prices on CRR review

    Stockbrokers in the nation’s capital market have attributed the recent down turn in the market to the review of Cash Reserve Ratio, CRR, by the Central Bank of Nigeria. The CBN had about two months ago reviewed...

    • Posted September 14, 2013
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  • FG moves to computerise oil export

    THE Nigerian government is considering the computerisation of the oil exports with a view to generating more revenue and keeping a tab on   the volume of crude oil that leave the country periodically. Disclosing this to Vanguard...

    • Posted September 13, 2013
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  • External reserves not declining – CBN

    Contrary to the recent drop in the value of the nation’s external reserves, the Central Bank of Nigeria on Monday dismissed claims that the reserves were experiencing sharp decline, adding that the current value of $46bn showed...

    • Posted September 11, 2013
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  • External reserves drop to $46.87billion as Naira hits one year low

    Nigeria’s external reserves continued its lacklustre performance since this quarter as it fell to $46.871 billion on Wednesday, its lowest value this month. This was just as the naira also weakened to its lowest value against the...

    • Posted September 1, 2013
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