Tag: Central Bank of Nigeria

CBN: Nigeria’s Foreign reserves depletes to $36.12bn

Nigeria's foreign reserves fell by $454.05m from $36.57bn on June 1 to $36.12bn on July 15, the latest figures from the Central Bank of Nigeria showed on Thursday. The CBN,…

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Ngerian Banks to Place Chronic Debtors on Watchlist

The Central Bank of Nigeria on Monday released the guidelines aimed at reducing non-performing loans in the banking sector and monitoring chronic loan defaulters. The CBN released the guidelines through…

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Nigerian Currency Devaluation Sows Confusion With Traders, Naira devalued by 5.5% against dollar

Nigeria’s latest devaluation of the official naira rate -- one of the West African nation’s multiple exchange rates -- has left traders perplexed. The currency’s official value was reduced by…

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America announces modified guidelines for foreign students returning to its schools

The U.S Immigration and Customs Enforcement (ICE), on Monday announced a much-needed update regarding the guidelines for foreign students hoping to return to campuses for the autumn semester. A statement…

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In Move to Unify exchange rates, CBN debits banks N122bn

In move to unify its multiple exchange rates,Central Bank of Nigeria debited N122bn ($338m) from banks’ excess cash with the apex bank before weakening the currency at a retail auction…

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Amid Plans to Unify Multiple Exchange Rates, Naira weakens by 5.3% at Currency Auction

  Nigeria’s central bank devalued the naira at one of its currency auctions, according to people familiar with the matter. The weakening comes after Governor Godwin Emefiele announced last month…

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Over expatriate tax evasion,Senate summons Ahmed, Emefiele,FIRS, EFCC,ICPC, others

The Senate on Wednesday summoned the Minister of Finance, Budget and National Planning, Zainab Ahmed, and the Governor of the Central Bank of Nigeria, Godwin Emefiele, to brief it on…

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CBN plans increased local production in agric sector

The Central Bank of Nigeria has said it is stimulating local production in the agriculture business to enhance growth and boost employment in the country. Some of the apex bank’s…

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Eme Ekeoma: Committed to Kingdom Service

According to the French philosopher and Jesuit Catholic priest, Pierre Teilhard de Chardin, “You are not a human being in search of a spiritual experience. You are a spiritual being…

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CBN Approves Over 10 Billiona Naira for Health Intervention

The Central Bank of Nigeria (CBN) has said that over N10 billion loans and grants have been approved for various groups and organisations for pharmaceutical and healthcare-related research, under the COVID-19 intervention…

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