Tag Archives: CBN governor

The Central Bank of Nigeria (CBN), yesterday reported a marked improvement in its net foreign exchange reserve (NFER), which stood at $23.11 billion in 2024. This was revealed same day the Lagos Chamber of Commerce and Industry (LCCI) advised the federal government to focus on addressing Nigeria’s perennial problem of …

Days after urging Nigerian banks to expedite action on the recapitalisation of their capital base in order to strengthen the financial system, the Central Bank of Nigeria (CBN) on Thursday, March 28, 2024, unveiled new minimum capital requirements for banks, pegging the minimum capital base for commercial banks with international …

The Central Bank of Nigeria (CBN) has released $500 million to various sectors of the economy to further address the backlog of verified foreign exchange (FX) transactions. This is coming barely a fortnight after the apex bank paid approximately $2 billion to settle outstanding commitments across manufacturing, aviation, and petroleum …

The Central Bank of Nigeria (CBN) says it will continue to support the Federal Government to implement an investment promotion strategy to facilitate investment flow into the economy, The CBN Governor, Mr Olayemi Cardoso, said this at a two-day Special Economic Zones (SEZs) Annual Meeting on Wednesday in Lagos. The …

The Central Bank of Nigeria (CBN), has launched its Financial Literacy e-Learning Platform, called “SabiMoni” in its efforts to upscale Financial Inclusion in the country. According to the CBN Governor, Mr. Godwing Emefiele, who personally launched the platform, in Abuja, this afternoon, the apex bank was determined to achieve the …

The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele has announced that amidst the global shock trailing the recent collapse of Silicon Valley Bank (SBV) in the United States of America (USA) and Credit Suisse in Switzerland, Nigerian banks are not exposed to the cris. The CBN …

The Central Bank of Nigeria (CBN)  has proposed that the 2023 cash transfer scheme under the National Safety Net Programme Scale Up should deploy the eNaira as vehicle. This will further entrench the CBN’s cashless policy. The National Social Safety Net Programme Scale Up involves an $800m disbursement  and this will take …

The Monetary Policy Committee of the Central Bank of Nigeria, CBN, has unanimously voted to increase the benchmark interest rate by 100 basis points to 17.5 per cent. The CBN Governor, Godwin Emefiele, disclosed this while reading the communiqué of the end of the two-day MPC meeting, the first of …

The Governor of the Central Bank of Nigeria, Godwin Emefiele has ordered the immediate release of N3.5 billion as a rebate to 150 exporters who participated in the Race To $200 billion scheme (RT200). This was one of the outcomes of the Bankers’ Committee meeting held on Thursday. The CBN …

CBN Governor, Mr. Godwin Emefiele has unveiled the second national maize pyramids under the MAAN-CBN Anchor Borrowers’ Programme in Kaduna State on 24th March 2022. The maize revolution was birthed over six years ago under the Anchor Borrowers’ Programme (ABP), with the overall objectives of facilitating food security. Prior to …