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Tag Archives: CBN

June, 2020

May, 2020

  • 19 May

    CBN, NNPC To Fund Feeding, Accommodation Of Evacuees, Says FG

    Geoffrey Onyema, Minister of Foreign Affairs

    Geoffrey Onyeama, Minister of Foreign Affairs, has said the Central Bank of Nigeria (CBN) and the Nigerian National Petroleum Corporation (NNPC) have agreed to foot the accommodation and feeding costs of evacuees during their compulsory 14-day quarantine. Read Also: Sierra Leone Didn’t Appoint Nigerian Head Of COVID-19 Task Force – Source …

  • 6 May

    IMF Disburses $3.4bn Emergency Support To Nigeria

    The International Monetary Fund (IMF) has disbursed the $3.4 billion emergency support to Nigeria. Read Also: COVID-19: Plane Carrying Evacuated Nigerians From Dubai Makes U-turn The money, according to the Federal Government, will be used to address challenges arising from the impact of the COVID-19 pandemic on the economy. ‎The Federal …

April, 2020

  • 21 April

    Fire Guts CBN Office In Jos

    Fire gutted a part of the Central Bank of Nigeria (CBN) office in Jos, the Plateau State capital, on Tuesday. Read Also: Save Your Prayers For Sick Patients, Says COVID-19 Positive CNN Reporter The apex confirmed the incident in a terse statement on its verified Twitter page on Tuesday. According to …

March, 2020

  • 31 March

    CBN Suspends Cheque Clearing Indefinitely 

    The Central Bank of Nigeria (CBN), has ordered that the clearing of cheques should be suspended until further notice. Read Also: COVID-19: FG Begins Cash Transfer To Poorest Households According to a notice signed by Sam Okoreje, director of CBN banking services department, the suspension will take effective from March 31, …

  • 30 March

    COVID-19: Buhari Exempts Staff Of Banks, Other Financial Institutions From Lockdown

    Finance Minister

    President Muhammadu Buhari has exempted workers of banks and other financial institutions from the lockdown he declared on Lagos and Ogun States as well as the Federal Capital Territory over the escalating spread of the novel Coronavirus. Read Also: BREAKING: Five COVID-19 Patients Discharged In Lagos This was disclosed in a …

  • 20 March

    CBN Directs BDCs Not To Sell Dollars Above N380

    The Central Bank of Nigeria (CBN) has directed Bureau de Change operators not to sell dollars above N380. Read Also: Video: Armed Robbers Hijack Vehicle, Leave Colleague Behind The directive is contained in a memo signed by OS Nnaji, director of the bank’s trade and exchange department. Read Also: Coronavirus: Lagos Announces …

  • 18 March

    Coronavirus: CBN Earmarks N1.1trn As Intervention Fund

    The Central Bank of Nigeria (CBN), has announced that it will release the sum of N1.1trillion as intervention fund to support critical sectors of the economy, over the novel Coronavirus. Read Also: VIDEOS: Fire Guts Building In Ikeja Godwin Emefiele, CBN governor, made the announcement on Wednesday in a statement made …

  • 16 March

    CBN Slashes Interest Rates Over Coronavirus

    The Central Bank of Nigeria (CBN) has announced the reduction of interest rates from nine per cent to five per cent. Read Also: High-ranking Iranian Cleric Dies Of Coronavirus The decision was influenced by the need to cushion the negative impact of the deadly coronavirus on businesses and the economy. Godwin …

February, 2020

  • 29 February

    We’ll Stop Debtors From Living Luxurious Lifestyles – Emefiele

    Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN), has said loan defaulters will be stopped from enjoying luxurious lifestyles. Read Also: Coronavirus: CDC Warns Men Against Keeping Full Beards He said this on his visit to the Dangote refinery and fertilizer project in Lagos on Saturday. He said the …

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