Tag Archives: CBN

CBN Reveals Plans To Fund Research On Nigeria’s Coronavirus Vaccine

The Central Bank of Nigeria has revealed that the apex bank will be funding a research for a Nigerian Coronavirus vaccine. The CBN Governor, Godwin Emefiele disclosed this at the unveiling of THISDAY Dome testing, tracing, and treatment centre on Tuesday in Abuja. He said they are currently designing a framework which includes grants and long term facilities for “researchers,…

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Coronairus: CBN Introduces N50bn Loan Facility For Households And Small Businesses Affected

According to online reports, a N50bn Credit Facility has been unveiled by the Central Bank of Nigeria, specifically to cater for the needs of households and small businesses that have and will be adversely affected by Coronavirus (COVID-19). CBN reportedly revealed that those eligible for the stimulus package must prove that they, their livelihood and business…

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Coronavirus: Nigerians React As CBN Announces N1.1tn Intervention Fund

Nigerians have generated mixed reactions on social media after Central Bank of Nigeria on Wednesday announced a N1.1tn intervention fund to support critical sectors of the economy, including the global pandemic, COVID-19. The CBN Governor, Mr Godwin Emefiele said this in a statement made available to journalists. Adding that out of the N1.1tn, about N1tn…

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CBN Sets Up Campaign To Rid The Country Of Dirty Notes & Make Lower Denominations Available

The Central Bank of Nigeria (CBN) has stepped up the campaign to rid the country of dirty notes, make lower denominations available and stem the tide of racketeering in new notes, as it approved a disbursement to traders at the Tejuosho Ultra-modern Market, in Lagos. The lower denominations approved by the management of CBN for…

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MTN Fires Back After CBN Sanction, Claims Paid Dividends Were Approved

In a statement on Thursday, MTN denied the allegations of illegal funds repatriation leveled against it by the Central Bank of Nigerian(CBN), claiming that it illegally converted shareholder loans to preference share and repatriated $8.1 billion as dividend saying all dividends it paid to its shareholders between 2007 and 2015 were approved by the apex bank. Contrary to the…

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OB Hot Flick: DJ Lambo – Bebe Feat. Skales & Victoria Kimani

President of the CBN movement, Dj lambo releases the visuals for her latest single “Bebe”. “Bebe” features pop heavy weights – label mate Victoria Kimani and Skales. The song is a feel good pop track that celebrates the euphoria of everyday love. “Bebe” was produced by Ckay. Watch below. Leave your views in the comment…

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