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President Buhari Order CBN To Give Loan Of 500,000 Naira To Nigerian Youths – Jobs/Vacancies

President Buhari Order CBN To Give Loan Of 500,000 Naira To Nigerian Youths by KAYVIA: 9:23pm On Oct 25 President Buhari have signed executive order directing the Central Bank of Nigeria to give young people with great business idea loans of not less than 500,000 Naira without collateral. The President also promised that he is […]

CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday – Business (117)

Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by felixtoba: 8:59pm On Oct 24 please has anyone who got approval on October 16th receive alert? Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by stacyadams: 9:03pm On Oct 24 felixtoba:please has anyone who got approval on October 16th receive alert? Some got last week Re: […]

CBN debits banks N917.5bn for CRR default

The Central Bank of Nigeria (CBN) debited Deposit Money Banks (DMBs) in the country N917.5billion in the week ended October 23rd, 2020, for failing to meet Cash Reserve Ratio (CRR) targets, according to a Nairametrics report seen by Sunday Telegraph yesterday. The CRR is the minimum amount banks are expected to retain with the CBN […]

Counting Losses from #EndSARS Protests

With the Nigerian economy anaemic since 2015, the COVID-19 pandemic that led to further economic hardship, it was only a matter of time that something had to give. Last week, the massive unemployment and the unbearable economic situation in Nigeria were stripped bare as restive youths latched on the shooting of unarmed protesters at the […]

CBN to drive zero balance account opening

As part of efforts to boost financial inclusion, the Central Bank of Nigeria has said it will promote opening of new accounts with zero balance. It said this in its report on ‘Monetary, credit, foreign trade and exchange policy guidelines for fiscal years 2020/2021’. Part of the report on opening of new accounts read, “As […]

Official bank rate pounds to naira

Bankwise distribution of the currency exchange rates in Nigeria . MARCH 16, 2020 Gold falls below $1,500 as it is dragged into the global market rout – CNBC MARCH 16, 2020 Big UK airlines ground most of their fleets to survive coronavirus – REUTERS MARCH 16, 2020 Sterling at five-month low after U.S. rate cut […]

CJN, CBN, 70 judges meet over enforcement of Movable Assets and Credit Reporting Acts :: Bestnaira.com

    The Chief Justice of Nigeria (CJN), Justice Ibrahim Muhammad, Governor of Central Bank of Nigeria (CBN), Godwin Emefiele and over 70 judges will be attending an e-workshop on enforcement of Movable Assets and Credit Reporting Acts, 2017. The workshop, which holds between October 27 and 28, is organised by the National Judicial Institute […]

Get USD at official rate of CBN. Read T/C – Business (9)

Welcome, Guest: Join Nairaland / LOGIN! / Trending / Recent / NewStats: 2,567,535 members, 5,939,270 topics. Date: Sunday, 25 October 2020 at 04:14 AM Get USD at official rate of CBN. Read T/C – Business (9) – Nairaland Nairaland Forum / Nairaland / General / Business / Get USD at official rate of CBN. Read […]

WeekAhead-FX: Naira seen stable as N826.55bn treasury bills, OMO maturities hit financial market

Nigeria’s financial market would be awash with liquidity from the maturing treasury bills and Open Market Operation (OMO) worth N826.55 billion next week. Consequently, the stop rates for the issuances are expected to decline due to demand pressure according to analysts at Cowry Asset Management Limited. The breakdown of the inflows showed that N490.46 billion […]

Godwin emefiele net worth

Godwin Emefiele, Governor of Central Bank of Nigeria (CBN) In June 2014, … 94 Against US Dollar list of cbn governors margaret emefiele Naira In …

Banks suffer N917.5 billion debits in latest CBN action – Nairametrics – 9ja.org

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Fixed Income, Currency markets turnover decreased to N14.07trn in September

Turnover in the Fixed Income and Currency (FIC) markets for the month ended September 30, 2020 was N14.07trillion, FMDQ Securities Exchange monthly report shows. The record turnover indicates a month-on-month (MoM) and year-on-year (YoY) decrease of 1.33percent (N0.19trillion) and 26.76percent (N5.14trillion) from N14.26trillion (August 2020) and N19.21trillion (September 2019) respectively.   The year to date […]

Euro to naira black market today

94 in CBN, ₦ 540. To keep yourself updated on the daily Euro to Naira exchange rate both in the Nigerian black market and the official Central Bank …

Currency in circulation hits N2.426tn in September – CBN

Currency in circulation is defined as a currency outside the vaults of Central Bank; meaning all legal tender currency in the hands of the general public and in the vaults of the Deposit Money Banks. According to figures obtained from the Central Bank of Nigeria (CBN), the figure, which stood at N2.35tn as of the […]