CBN invests 500 billion in non-oil exports
The Central Bank of Nigeria (CBN) has finalised arrangement with Nigeria Export-Import Bank (NEXIM) to assist local manufacturers who are interested in non-oil exports, according to its governor, Mr Godwin Emefiele. Emefiele announced this at a seminar for Finance Correspondents and Business Editors, held in Uyo, Akwa Ibom on Monday. He was represented by the […]
Emefiele assigns responsibilities to the newly appointed DGs
Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele has assigned duties to the newly appointed Deputy Governors who assumed duty on March 28. The acting Director, Corporate Communications Department, CBN, Mr Isaac Okoroafor, in a statement on Sunday said Mrs Aishah Ahmad was deployed to the Financial System Stability (FSS) Directorate, while Mr […]
CBN cogitate on N1.525bn renewable energy investments – USAID
The Central Bank of Nigeria (CBN) is currently considering investments of about N1.525 billion ($5 million) in the renewable energy sector for Nigerians who are off the national grid, The Chief of Party for the United States Agency for International Development (USAID)’s Nigeria Renewable Energy Efficiency Project (REEEP), Javiar Betancourt, disclosed this on the side-line […]
IMF Calls For Confirmation Of CBN MPC Members
The International Monetary Fund (IMF) has urged the Senate to confirm the Monetary Policy Committee (MPC) members of the Central Bank of Nigeria (CBN), as well as the Bank’s deputy governors and non-executive directors who were nominated for the positions by President Muhammadu Buhari since last year. Recall that the Senate vowed not to confirm […]
CBN warns against bitcoin investment.
The Central Bank of Nigeria on Wednesday cautioned Nigerians to be wary of investments in cryptocurrencies, stating that virtual currencies were not legal tender in the country. The apex bank said in a statement issued in Abuja that cryptocurrencies such as Bitcoin, Ripples, Monero, Litecoin, Dogecoin and Onecoin, and exchanges such as NairaEx, were not […]