Tag Archives: CBN

CBN announces N1.1tn intervention fund to boost economy

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The Central Bank of Nigeria on Wednesday announced a N1.1tn intervention fund to support critical sectors of the economy. The CBN Governor, Mr Godwin Emefiele, said this in a statement made available to journalists on Wednesday. The governor said out of the N1.1tn, about N1tn would be used to support the local manufacturing sector as
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No ban on domiciliary accounts deposits – CBN

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The Central Bank of Nigeria has said that it has not prohibited the acceptance of foreign currency cash deposits by Deposit Money Banks.

In a statement on Sunday, the Director, Corporate Communications, CBN, Isaac Okorafor, clarified the uncertainties surrounding the operations of domiciliary accounts in Nigeria.

 He

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Senate confirms Kingsley Obiora as CBN deputy gov

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The Senate on Thursday, January 30, 2020, confirmed the appointment of Dr Kingsley Obiora as a Deputy Governor of the Central Bank of Nigeria.

The President, Major General Muhammadu Buhari (retd.) had asked the Senate to confirm the appointment of Dr Obiora as the Deputy Governor of the Central Bank

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