The Central Bank of Nigeria (CBN), on Thursday said it plans to fund the value chains of nine agricultural commodities to the tune of N432bn in the 2020 planting season. CBN outlined the nine commodities to include rice, cotton, oil palm, tomato, cassava, poultry, fish, maize, cocoa and livestock/diary. Senior officials of the bank disclosed […]
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The Central Bank of Nigeria (CBN) has ordered all banks not to retrench any of its workers. A statement from the apex bank signed by Mr. Isaac Okorafor Director, Corporate Communications said the CBN, Bankers’ Committee both decided to suspend lay-offs in banks. Access Bank has been trending in the media after an alleged video […]
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In furtherance of the Buhari administration’s drive to support Micro, Small and Medium Enterprises (MSMEs), the Bank of Industry has approved a $20M technology fund for young innovators, while the Central Bank of Nigeria (CBN) is offering a N90 Billion soft loan facility for small scale agriculture enterprises. These were some of the outcomes of […]
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The Central Bank of Nigeria (CBN) on Thursday said it has so far recovered and returned over N60 billion from erring banks as excessive charges imposed on customers. This is just as the Apex Bank has announced that it had commenced the processes for creation of 10 million jobs in the next five years through […]
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One Mr. Nwalozie Julius has been handed a three years prison sentence by a federal high court in Uyo, Akwa Ibom state, for impersonating Godwin Emefiele, governor of the Central Bank of Nigeria (CBN). Julius was arraigned by the Uyo zonal office of the Economic and Financial Crimes Commission (EFCC), on one-count charge, bordering on […]
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The Edo State Command of the Nigeria Police Force has denied reports of robbery attempt at the Central Bank of Nigeria (CBN), Benin. DCP Ayoola Ajala, Deputy Commissioner of Police in charge of operations, who spoke with the News Agency of Nigeria (NAN) on Tuesday, said that it was not true that there was a […]
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The Central Bank of Nigeria (CBN), has injected 210 million dollars into the inter-bank Foreign Exchange Market to ensure adequate supply of foreign exchange to customers. The CBN Director, Corporate Communications Department, Mr Isaac Okorafor, in a statement on Tuesday, noted that 100 million dollars was offered to authorised dealers in the wholesale segment of the market. He […]
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Popular online newspaper, TheCable, has reported that Access Bank has finally acquired Diamond Bank. According to insiders, the official announcement of the transaction will be made in the course of the week by the Central Bank of Nigeria (CBN). The acquisition was midwifed by the CBN in a bid to further consolidate the banking industry, […]
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The Central Bank of Nigeria (CBN) has granted Diamond Bank Plc, approval to operate as a national bank following its application for it. The bank’s Chief Executive Officer, Mr Uzoma Dozie, said this in a statement signed by the bank’s Head of media, Ezechinyere Anyanwu on Friday in Abuja. According to Dozie, the move was […]
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Twenty-two withdrawals totalling 3.12 billion dollars were made from the Nigerian Liquefied Natural Gas (NLNG) dividends account domiciled in the Central Bank of Nigeria (CBN) in the last three years. This is according to documents submitted to the Senate Committee on Gas Resources by the CBN in Abuja on Thursday. Chairman of the committee, Sen. […]
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