Tag: CBN, gif, youth
CBN releases framework for N75b Youth Investment Fund
The Central Bank of Nigeria (CBN) has released guidelines for implementation of the proposed N75 billion Nigeria Youth Investment Fund (NYIF). CBN, in a statement...
Insider abuse responsible for high rate of frauds in banks – CBN
…….Receives 2,051 fraud-related complaints in six months The Central Bank of Nigeria (CBN) said case of insider abuse is responsible for the high rate of...
Mass metering: CBN releases financing framework
The Central Bank of Nigeria (CBN) has released its framework for National Mass Metering Programme (NMMP). The framework was released by the Development Financing...
Access Bank gets CBN’s nod operate in Mozambique
Access bank gets CBN nod to perate in Mozambique as holding bank Access Bank gets CBN approval-in-principle to become holding company, set to operate in Mozambique,...
CBN cuts lending rate
The Central Bank of Nigeria, CBN, has reviewed the rate at which it lends money to banks from 12.5 to 11.5 per cent. The reduction follows the 275th Monetary...
FOREX infractions: CBN investigating 55 companies
The Central Bank of Nigeria, CBN, has opened investigations into foreign exchange transactions of 55 companies and individuals in the country who ate suspected of...
Emefiele wants proactive support by stakeholders to stimulate economic growth
Mr. Godwin Emefiele, Governor, Central Bank of Nigeria (CBN) on Tuesday, called on stakeholders in the banking and financial system to take up proactive steps in...
Economic state: Intra agency’s rivalry as CBN accuses NESG of sinister motives
…Says nation witnessed $100 billion outflow between March and May 2020. The intra agency rivalry between two agencies of the federal government was brought to the...
FG records N24.52trn debt amidst N561.71b budget deficit – CBN
The Federal Government’s outstanding as of March 31 stood at the N24.52tn (excluding the states and the Federal Capital Territory Administration), the Central...
