Friday , October 22 2021

Tag Archives: Central Bank of Nigeria

CBN Restates Commitment Towards Youth Empowerment

CBN Restates Commitment Towards Youth Empowerment

The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele has pledged more support for youth empowerment, through sports and its other intervention programmes. Osita Nwanisobi, CBN spokesperson quoted Emefiele as making the pledgee on youth empowerment at the finals of the All Financial Institutions Football Competition (AFIFC) played on Sunday …

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FG Records N150.36 Billion Fiscal Deficit in April- CBN

FG Records N150.36 Billion Fiscal Deficit in April- CBN

The Federal Government recorded a fiscal deficit of N150.36bn in April, after recording an aggregate expenditure of N559.67bn and retained revenue of N409.31bn. Figures obtained from the Central Bank of Nigeria’s April report on ‘Fiscal operations of the Federal Government’ revealed on Saturday. Part of the report read “Federation revenue …

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FG Spent N1.03 Trillion on Debt Servicing in Q1 2021 – CBN

FG Spent N1.03 Trillion on Debt Servicing in Q1 2021 - CBN

The Central Bank of Nigeria (CBN) has said Federal Government spent N1.03trillion on debt servicing in the first quarter (Q1) of 2021 compared with N779.73 billion in the corresponding period of 2020. The apex bank in its Economic Report for April 2021 attributed the surge in the government’s debt servicing …

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CBN Announces N1 Million as Application Fee for Payments Service Holding Companies Licence

CBN Unveils Guidelines for Credit Guarantee Companies, Sets N10 Billion as Capital Base

Central Bank of Nigeria (CBN) has released guidelines for the establishment and regulation of payments service holding companies (PSHCs) in Nigeria. Musa Jimoh, CBN’s Director of Payments System Management Department announced this in a circular on Tuesday. The guideline requires companies that intend to offer both switching and processing, and …

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