Tag Archives: Central Bank Of Nigeria

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 Opposes MTN Over Mobile Banking Transaction Access

The Governor, Central Bank of Nigeria, Mr Godwin Emefiele, has kicked against MTN Nigeria’s plan to start charging its subscribers for Unstructured Supplementary Service Data access to banking services from Monday (today). The governor said this during a media briefing on the sidelines of the annual meetings of the World Bank/International Monetary Fund holding in…

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Suspend Deposit Charges – Reps tell CBN

The House of Representatives has asked the Central Bank of Nigeria to suspend the charges imposed on cash deposits in the implementation of its cashless policy. The suspension, according to the federal parliament, should remain until consultations with all relevant stakeholders are made. The call for the suspension was contained in a motion unanimously adopted…

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Emefiele, Saraki, Ibrahim in Closed Door Meeting! Recession Will End by July, CBN Governor Says

The Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, has said that with the current efforts by the Federal Government to revive the country’s economy, the country should be out of recession by the third quarter of this year. Emefiele said this after meeting with the leadership of the Senate in Abuja on…

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N15million Cash Ransom Paid to Kidnappers of CBN Governor’s Wife, Margaret Emefiele, Police Parade 9 Suspects

Mrs Margaret Emefiele The Nigeria Police Force, NPF, on Monday paraded the suspected kidnappers of Margaret Emefiele, the wife of Central Bank of Nigeria, CBN, governor Godwin Emefiele, unveiling as well the N15million naira cash ransom the kidnappers were paid for Margaret’s release. Mrs. Emefiele was abducted by heavily armed gunmen late Thursday, September 29, 2016…

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