Central Bank Of Nigeria news

The Central Bank of Nigeria (CBN) was founded by the CBN Act in 1958 and started its activities on July 1, 1958.

Objectives

The principal normative objectives of the bank are written in the CBN act of 1958. Among them it is necessary to note support external currency reserves, activity as a banker of last instance and financial consultant to the federal government and contribution monetary and credit stability and a sound financial environment.

Bank policy

After the end of the Nigerian civil war the willingness of the government to develop economy appeared. Bowing to the demands of the government the bank directed its efforts to attach short falls in credit distribution to the real sector.

Immediately the bank began to participate in crediting to consumers. Although at first it differed from initial intentions to carry out transactions through commercial banks in consumer finance. Nonetheless bank policy was hereditary indigenization policy during those years. With the help of the central bank CBN undertakes the printing of money, securities regulation and implementation treasury instruments into the capital market.

Aishah Ahmad gets last laugh as Buhari writes Senate to confirm her as CBN deputy governor despite criticisms

Aishah Ahmad gets last laugh as Buhari writes Senate to confirm her as CBN deputy governor despite criticisms

Aishah Ahmad gets last laugh as Buhari writes Senate to confirm her as CBN deputy governor despite criticisms
Gwamnati za ta sa kafar wando daya da Bankunan kasa

Gwamnati za ta sa kafar wando daya da Bankunan kasa

Mun ji cewa wasu Bankuna a Najeriya za su afka cikin matsala a dalilin asusun T.S.A. Babban bankin kasar na C.B.N dai dauki mataki a kan su kwanan nan.

Gwamnati za ta sa kafar wando daya da Bankunan kasa
Top facts ✔ about the CBN governor

Top facts ✔ about the CBN governor

Read up on the Central bank of Nigeria governor. Who he was, who he is and what has been going on around him. You can find all of that in ☛ this ☚ article!

Top facts ✔ about the CBN governor
Manoma 22,000 ne zasu ci moriyar tallaffin babban bankin CBN da kuma Bankin Sterlin a Kebbi

Manoma 22,000 ne zasu ci moriyar tallaffin babban bankin CBN da kuma Bankin Sterlin a Kebbi

Manoma 22,000 ne zasu ci moriyar tallaffin babban bankin CBN da kuma Bankin Sterlin a jihar Kebbi, A sabuwar gwamnatin Buhari dai an baiwa noma fifiko

Manoma 22,000 ne zasu ci moriyar tallaffin babban bankin CBN da kuma Bankin Sterlin a Kebbi
Ma'aikatan banki na fuskantar barazana a Najeriya

Ma'aikatan banki na fuskantar barazana a Najeriya

Nazari ya nuna Ma'aikatan banki na fuskantar mugun hadari a Najeriya. Ma'aikatan banki sama da 300 ake kora daga aiki kowane mako a Najeriya Inji Hukumar NBS.

Ma'aikatan banki na fuskantar barazana a Najeriya
CBN deputy governor allegedly quizzed by EFCC over fraud

CBN deputy governor allegedly quizzed by EFCC over fraud

Mr. Adebayo Adelabu, a deputy governor of Central Bank of Nigeria was alleged to have been grilled in Lagos by the Economic and Financial Crimes Commission.

CBN deputy governor allegedly quizzed by EFCC over fraud
Naira fails to appreciate as demands for Dollar, Pound increase

Naira fails to appreciate as demands for Dollar, Pound increase

The Naira has ended the week on a not too convincing note after it failed to rebound from its depreciated rate of N365 per Dollar at the parallel market.

Naira fails to appreciate as demands for Dollar, Pound increase
Naira falls against Dollar, Pound, Euro after 48 hours of strong resilience

Naira falls against Dollar, Pound, Euro after 48 hours of strong resilience

After 48 hours of strong resilience at the parallel market, the Naira has again depreciated despite Central Bank of Nigeria steady interference in the market.

Naira falls against Dollar, Pound, Euro after 48 hours of strong resilience
Can you guess how many types of banks are in Nigeria?

Can you guess how many types of banks are in Nigeria?

What do you know about the banking system in our country? This article contains info about the ➥ types of banks in Nigeria ➥ It also explains their functions.

Can you guess how many types of banks are in Nigeria?
Asusun TSA: Ba harka a Gwamnatin Buhari Inji wasu Bankuna

Asusun TSA: Ba harka a Gwamnatin Buhari Inji wasu Bankuna

Asusun bai daya ba ya wa Bankunan Najeriya dadi. 'Yan kananan banki dai yanzu ba su da hanyar neman kudi sai ta hannun 'Yan canji. Gwamnatin Tarayya kuwa shar!

Asusun TSA: Ba harka a Gwamnatin Buhari Inji wasu Bankuna
Naira stays firm against Dollar, Pound as currency traders express satisfaction

Naira stays firm against Dollar, Pound as currency traders express satisfaction

The Naira retained its strength against the Dollar at the parallel market as it closed the day at N365/$1, the same rate it finished at the end of last week.

Naira stays firm against Dollar, Pound as currency traders express satisfaction
Naira stays firm against Dollar, makes gain against Pound

Naira stays firm against Dollar, makes gain against Pound

The Naira on Friday, July 28, maintained its strength against the Dollar at parallel market as it closed the day at N365/$1, the same rate it finished yesterday

Naira stays firm against Dollar, makes gain against Pound
Naira appreciates again at parallel market as CBN MPC meets

Naira appreciates again at parallel market as CBN MPC meets

The Nigerian Naira on Wednesday, July 26, strengthened again against the American Dollar at the parallel market. The Nigerian currency close the day at N364/$1.

Naira appreciates again at parallel market as CBN MPC meets
Za ayi wa Kamfanin Etisalat garambawul zuwa Disamba - CBN

Za ayi wa Kamfanin Etisalat garambawul zuwa Disamba - CBN

Gwamnar babban bankin kudin najeriya (CBN), Godwin Emefiele ya bayyana cewa nan da karshen shekara, za a samu wadanda za su saka hannun jari a kamfanin sadarwa

Za ayi wa Kamfanin Etisalat garambawul zuwa Disamba - CBN
CBN governor Godwin Emefiele reveals why Nigeria may slide further into recession

CBN governor Godwin Emefiele reveals why Nigeria may slide further into recession

CBN governor, Godwin Emefiele, has warned that Nigeria’s economic recession may last longer if the government fails to support current economic fragile growth.

CBN governor Godwin Emefiele reveals why Nigeria may slide further into recession
Naira depreciates against Dollar, Pound despite CBN's $195m injection at forex market

Naira depreciates against Dollar, Pound despite CBN's $195m injection at forex market

The Naira has slightly depreciated at the parallel market even after the CBN injected $195 million last week in continuation of its intervention at forex market

Naira depreciates against Dollar, Pound despite CBN's $195m injection at forex market
CBN replies Senate, denies subsidising dollars to anyone

CBN replies Senate, denies subsidising dollars to anyone

The Central Bank of Nigeria (CBN) has rejected claims by the Nigerian Senate that it was selling foreign exchange at subsidised rate to some businesses.

CBN replies Senate, denies subsidising dollars to anyone
Naira sustains growth against Dollar, Pound as expert advises CBN on next line of action

Naira sustains growth against Dollar, Pound as expert advises CBN on next line of action

The Nigerian Naira on Friday, July 21, sustained its appreciated rate in the parallel market segment, as the local currency closed the week at N366 per dollar.

Naira sustains growth against Dollar, Pound as expert advises CBN on next line of action
Asusun bai daya: Kotu ta umarci bankuna bakwai su maida wa gwamnatin Najeriya $793m

Asusun bai daya: Kotu ta umarci bankuna bakwai su maida wa gwamnatin Najeriya $793m

Babban alkalin kotu tarayya dake jihar Legas justice Chuka Obiozor a ranar a Alhamis ya umarci bankuna bakawai da su maida wa gwamnatun Najeriya $793,200,000

Asusun bai daya: Kotu ta umarci bankuna bakwai su maida wa gwamnatin Najeriya $793m
Naira ta shigo sabon mako da karfin ta

Naira ta shigo sabon mako da karfin ta

Mun ji cewa abubuwa na cigaba da murmurewa yayin da Naira ke cigaba da zama kikam ba tare da girgiza ba a wannan makon kamar yadda bayanai su ke zuwa mana.

Naira ta shigo sabon mako da karfin ta
Naira maintains strength against Dollar as Nigeria gradually gets out of recession

Naira maintains strength against Dollar as Nigeria gradually gets out of recession

The Nigerian Naira on Monday, July 17, maintained its strength at the parallel market as it stayed unchanged against the Dollar, Pound Sterling and Euro......

Naira maintains strength against Dollar as Nigeria gradually gets out of recession
Naira records further gains against Dollar as CBN sustains intervention at forex market

Naira records further gains against Dollar as CBN sustains intervention at forex market

The Nigerian Naira on Friday, July 14, recorded further gains against the American Dollar at the parallel market but stayed unchanged against Pound and Euro.

Naira records further gains against Dollar as CBN sustains intervention at forex market
Za'a tallafawa manoma da kudi N10.4bn a jihar Borno don bunkasa harkar Noma

Za'a tallafawa manoma da kudi N10.4bn a jihar Borno don bunkasa harkar Noma

bayanin tallafin da gwamnatin kasa tareda hadin guiwar gwamnatin jiha ga manoman Jihar Borno ta hannun bankin duniya CBN don bunkasa harkar Noma a yankin

Za'a tallafawa manoma da kudi N10.4bn a jihar Borno don bunkasa harkar Noma
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