Archives Tag: CBN
CBN, Dangote and Access Bank Lead ₦120 Billion Coronavirus Response Effort
April 19, 2022
The CBN is rallying Nigeria’s biggest private sector firms to fund the country’s battle against the coronavirus. The coalition, led by Dangote and Access Bank, will be supporting the current efforts to deal with the COVID-19 pandemic, the apex bank said on Thursday. Read more Corona Virus Governor of the Central Bank, Godwin Emefiele, explained … Continue reading CBN, Dangote and Access Bank Lead ₦120 Billion Coronavirus Response Effort
CBN Adjusts Naira: Dollar Exchange Rate to ₦380 for $1
April 19, 2022
The Central Bank of Nigeria has revised the Naira-Dollar exchange rate for one of its forex windows. A dollar is now being sold for ₦380 at the Investors and Exporters (I & E) window of the country’s foreign exchange markets. The new regime replaces the previously existing rate of ₦360/$1. Read more about Business In … Continue reading CBN Adjusts Naira: Dollar Exchange Rate to ₦380 for $1
How to Apply for the CBN’s ₦10 Million AGSMEIS Loan
April 19, 2022
The Federal Government, through the Central Bank of Nigeria (CBN), is offering agricultural businesses and SMEs in Nigeria loans worth millions of naira at a single-digit interest rate. This facility is part of the Agri-Business/Small and Medium Enterprise Investment Scheme (AGSMEIS), an initiative designed to boost the ventures at the lower end of the commercial … Continue reading How to Apply for the CBN’s ₦10 Million AGSMEIS Loan
Fintechs in Nigeria: Kuda
April 19, 2022
Nigerian fintechs are disrupting the country’s financial system. Thanks to them, a growing number of banking services can now be accessed without visiting the banking hall. They build the platforms that allow us pay for flights and settle electricity bills from our bank accounts. Now, they’re also enabling us to save and invest money and … Continue reading Fintechs in Nigeria: Kuda
Men You Should Know – Charles Soludo
April 19, 2022
Charles Chukwuma Soludo was born on the 28th of July, 1960. The man, popularly referred to as Charles Soludo, is a Nigerian Professor of Economics and a former Governor and chairman of the board of directors of the Central Bank of Nigeria (CBN). Soludo: Brain x Intelligence x Excellence Soludo is a core professional in … Continue reading Men You Should Know – Charles Soludo
By jeremiah
Union Bank Intervention Funds: CBN RSSF & CBN CACS
April 19, 2022
Central Bank of Nigeria Real Sector Support Facility (RSSF) In a bid to unlock the potentials of the real sector and engender output growth, value added productivity, and job creation, the Central Bank of Nigeria (CBN) launched the N300 billion Real Sector Support Facility (RSSF). The major purpose of the initiative is to support large … Continue reading Union Bank Intervention Funds: CBN RSSF & CBN CACS
By ugo-chinedu
Nigeria’s Banking Industry: Central Bank of Nigeria
April 19, 2022
The Central Bank of Nigeria (CBN) is the institution legally charged with overseeing Nigeria’s banking sector. It controls the country’s monetary and fiscal policy, is in charge of the foreign currency reserves, and acts as banker and financial advisor to the government. The nature of the apex bank’s interaction with Nigeria’s banks has changed over … Continue reading Nigeria’s Banking Industry: Central Bank of Nigeria
Why the CBN Has Introduced New Charges on Bank Deposits and Withdrawals
April 19, 2022
The Central Bank has announced that it will be imposing charges on deposits and withdrawals made from bank accounts in Nigeria. It says the new fees come into effect starting September 18. Details of the policy were disclosed in a circular issued by the apex bank on Tuesday. In it, the Director, Payments System Management, … Continue reading Why the CBN Has Introduced New Charges on Bank Deposits and Withdrawals
Did You Know? The CBN is Giving Up to ₦500 Million in Loans to Creative Businesses
April 19, 2022
The Central Bank of Nigeria says it’s now disbursing loans to businesses in the creative industry. It’s looking to provide funding worth up to ₦500 million to enterprises working in this space, as part of its Creative Industry Financing Initiative (CIFI). The sectors targeted by this program are fashion, information technology, and entertainment. If you’re … Continue reading Did You Know? The CBN is Giving Up to ₦500 Million in Loans to Creative Businesses
Godwin Emefiele Will Be Getting a Second Term as CBN Governor
April 19, 2022
Godwin Emefiele will remain in his current role as Governor of the Central Bank of Nigeria. News of this got out on Thursday, putting an end to months of speculation over his possible successors upon the expiration of his first term this year. Emefiele’s re-appointment also breaks with a long tradition which has seen previous … Continue reading Godwin Emefiele Will Be Getting a Second Term as CBN Governor
CBN Junior Tennis: Top Seeds Qualify For Semifinal
April 19, 2022
The top seeds at the on-going CBN Open Junior Tennis Championships were met with great difficulty as they fought their way through tough opponents to the semifinal round of the tournament. In the Girl 16, top seeds, Rebecca Ekpenyong, Omolayo Bamidele, Omolade Aderemi and Favour Moses, had the biggest challenge of the day. Mary Udofa from … Continue reading CBN Junior Tennis: Top Seeds Qualify For Semifinal
By achem
How Nigeria’s Banks Are Responding To The Fintech Revolution
April 19, 2022
Nigeria’s fintech bosses aren’t making any bold statements about disrupting the existing banking system. They often speak of being alternatives to the big financial service providers or collaborating with these established institutions. When they’re on conference panels together, commercial bank CEOs and fintech startup founders talk of joining forces to usher in a new age … Continue reading How Nigeria’s Banks Are Responding To The Fintech Revolution
How the CBN’s New Bank Payment Rules Could Affect You
April 19, 2022
On the 13th of September, the Central Bank of Nigeria (CBN) introduced new rules for interbank electronic fund transfers. These rules, which are to take effect from the 2nd of October, are aimed at curbing the widespread problems with electronic fund transfers which banks and their problems frequently encounter. The issues covered by the new … Continue reading How the CBN’s New Bank Payment Rules Could Affect You
CBN Announces Takeover of Skye Bank By Polaris Bank
April 19, 2022
The Central Bank of Nigeria has announced that it has revoked the operating license of Skye Bank, one of the country’s major commercial banks. This was disclosed by the CBN Governor Godwin Emefiele, at a press briefing held in Lagos on Friday. Mr. Emefiele also revealed that the assets and liabilities of Skye bank were … Continue reading CBN Announces Takeover of Skye Bank By Polaris Bank
Attend Securex West Africa 2018
April 19, 2022
As Securex West Africa 2018 approaches, organisers confirm their plans for the various exhibition features that are taking place during the show. The Securex conference, WACSS and the OSPA Awards will all be taking place alongside the region’s leading exhibition focusing on the security, fire and safety industry. Taking place from 20 – 21 March … Continue reading Attend Securex West Africa 2018
By guestpost
