CBN releases framework for safety, stability of financial system
The Central Bank of Nigeria (CBN) has released the Framework for Regulatory Sandbox Operations, to ensure the safety and stability of the Nigerian Financial System. The apex bank also is working to promote the use and adoption of electronic payments…
(Special Report) Is Emefiele’s CBN thinking outside or inside the box?
This may be shocking to many, but the truth is that a larger section of public finance experts are still baffled on why the Central bank of Nigeria (CBN) Governor, Mr Godwin Emefiele was retained and given another term of…
New CBN deputy Gov., Obiora resumes today after Senate drills
Following Senate Friday’s confirmation of the appointment of Dr. Kingsley Obiora as a Deputy Governor of the Central Bank of Nigeria (CBN), he is expected to officially resume duties at the glass house today, Monday, February 3, 2020. Recall that…
Tomato Jos Processing Group plans N7bn investment in five years
The Managing Director of Tomato Jos Farming and Processing Limited, Miss Mira Mehta has disclosed that the company will in the next five years invest N7 billion as part of corporate plan to scale up its investment in tomato farming…
3 months after, no signal from Bankers Committee on National Theatre
In September last year the Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele told Nigerians that it has sealed strong understanding with the Nigerian Bankers Committee (NBC) to invest a whooping N22bn in the redevelopment of moribund National Theatre,…
Like CBN, BoG ends MPC meeting retaining all rates over inflationary fears
The impacts of negative inflationary trends bugging key economies in West Africa due to certain policy decisions so far taken have forced Nigeria and Ghana monetary policy makers to maintained rates status-quo in their meetings this week. Otherwise, for fear…
CBN silent on cost of delivering Apapa-Oshodi highway by Dangote
The Governor of Central Bank of Nigeria (CBN), Godwin Emefiele has inspected the ongoing reconstruction of Apapa Port to the Lagos-Ibadan Expressway toll gate being undertaken by the Dangote Group. Addressing journalists’ weekend during the inspection tour, he used the…
FinTech disrupting conventional banking models—CBN
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has warned operators in the nation’s banking system that Financial Technology (Fintech) in the industry has come to stay He said the rapid growth in FinTech is not only…
CBN gives Niger, Benin, others conditions for reopening land borders
Strong indications emerged Monday that chances of reopening closed Nigeria land borders in the nearest future remains bleak as far as the Central Bank of Nigeria (CBN) is concerned. Speaking to top media executives on Monday in Abuja, the Governor…
Forex ban on 43 items holding back Nigeria’s FDI—IMF
…CBN insists policy strengthening naira, backward integration The International Monetary Fund (IMF), has revealed that contrary to the thinking of the Central Bank of Nigeria (CBN) that forex restrictions on 43 items are driving backward integration in the local manufacture…
