Tag: CBN
Fitch downgrades Nigeria to ‘B’, outlook negative
MON, APRIL 06 2020-theG&BJournal- Fitch Ratings in its latest rating action has downgraded Nigeria’s Long-Term Foreign Currency Issuer Default Rating (IDR) ‘B’ from ‘B+...
Discos set to repay N35.06bn CBN loan this year
Electricity distribution companies are expected to repay this year ₦35.06bn of the loan disbursed under the Central Bank of Nigeria-Nigeria Electricity Market Stabilisation Facility...
Senate confirms Obiora as CBN Deputy Governor
The Senate has confirmed the nomination of Dr. Kingsley Isitua Obiora for appointment as the Deputy Governor of the Central Bank of Nigeria(CBN).
President Muhammadu...
ABCON urges CBN to sustain robust FX policy in 2020
The Association of Bureau De Change Operators of Nigeria (ABCON) on Thursday urged the Central Bank of Nigeria (CBN) to sustain its robust foreign...
Buhari appoints Kingsley Obiora as CBN deputy governor
The President, Major General Muhammadu Buhari (retd.), has nominated Dr Kingsley Obiora as the Deputy Governor of the Central Bank of Nigeria, according to...
CBN defends naira with $16.56b in 12 months
THE Central Bank of Nigeria (CBN) spent nearly $16.56 billion to defend the naira in the last one year, The Nation has learnt.
Analysis of...
CBN Governor risks prison over $53m Garnishee Order
The Governor of Central Bank of Nigeria, Mr. Godwin I. Emefiele risks being committed to prison for failing to honour a Garnishee Order Absolute...
Justice Ekwo summons CBN Governor, Emefiele, over $53million payment defaults
Justice I. E. Ekwo of the Federal High Court, Abuja has summoned the Central Bank Governor, Mr. Godwin I. Emefiele to appear before him.
Emefiele...
Nigerians call out banks over non-complaints to CBN guidelines
Some bank customers have frowned at their banks for not complying with the new guidelines for charges on Automated Teller Machine (ATM), released by...
CBN orders banks to lend or face sanctions
Nigeria’s central bank will try to force banks to lend more or face higher cash reserve requirements, part of a series of measures aimed...
