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All posts tagged "Central Bank of Nigeria"

  • CBN moves to strengthen SME growth, enhance access to financial services

    In Nigeria, one of the greatest obstacles that Micro, Small and Medium Enterprises (MSMEs) have to grapple with is access to funds. This is further compounded by the fact that even where credit facilities are available, they...

    • Posted August 22, 2013
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  • NEITI clears PPPRA of N4.42trn debt

    The Nigerian Extractive Industries Transparency Initiative, NEITI, yesterday, cleared the Petroleum Products Pricing Regulatory Agency, PPPRA, over the remittance of the sum of N4.423 billion to the Federation Account. This was made known after a reconciliatory meeting...

    • Posted August 15, 2013
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  • Housing deficit: FMBN boss woos FG for N200b capital base

    Managing Director of Federal Mortgage Bank of Nigeria, Gimba Ya’u Kumo, on Monday in Abuja put total disbursement made so far to contributors at N100.5 billion, just as it has delivered 56, 000 houses. He urged the...

    • Posted August 14, 2013
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  • Cash Reserve Requirement: CBN withdraws N1tn from banking system

    The Central Bank of Nigeria on Wednesday began the implementation of its new 50 per cent Cash Reserve Requirement policy, which requires Deposit Money Banks to keep 50 per cent of all public sector funds with the...

    • Posted August 9, 2013
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  • Banks’ loans to agric sector has risen by 3.7% – CBN

    The Central Bank of Nigeria, CBN, said that Deposit Money Bank’s (DMB’s) credit to the agricultural sector has risen to over 3.7 per cent. A statement from the CBN reveal that the  figure, which is for 2012,...

    • Posted July 30, 2013
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  • CBN says cashless policy reduces crime

    The Central Bank of Nigeria (CBN) on Friday said that the cashless policy was aimed at reducing crime and boosting the economy of the nation. Mr Eric Eleonu, Deputy Project Lead, Shared Services Officer, CBN, made the...

    • Posted July 27, 2013
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  • CBN cautions banks over appointment of chief compliance officers

    The Central Bank of Nigeria (CBN) has cautioned banks over appointment of chief compliance officers. In a circular titled, “Statues of Chief Compliance Officers of Banks”, the apex bank frowned at the practice where banks refuse to...

    • Posted July 26, 2013
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  • Zenith leads 12 other Nigerian banks in world top 1000

    Zenith Bank tops Nigerian banks in this year’s Top 1000 World Banks Ranking of The Banker Magazine of the Financial Times Group, London, United Kingdom. The 13 banks that made the ranking are Zenith Bank, First Bank,...

    • Posted July 7, 2013
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  • Oduah seeks $500m for national carrier, meets Sanusi

    In a desperate move to establish a national carrier for the country this year, the Minister of Aviation, Ms. Stella Oduah, and other officials from the aviation sector met with the Governor of the Central Bank of...

    • Posted July 5, 2013
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  • Reps write CBN on fake ATM currency notes, seek review of envelope budgeting system

    The House of Representatives said on Wednesday that it had written to the Central Bank of Nigeria to explain the source of fake currency naira notes being dispensed by Automated Teller Machines of some banks. Lawmakers claimed...

    • Posted July 4, 2013
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