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Tag Archives: CBN

CBN Bars Interest Payments on Bank Deposits Above N2bn

CBN Governor, Godwin Emefiele

* Afreximbank targets $40bn in Trade Deals From Udo Onyeka, Lagos & Mathew Dadiya, Abuja The Central Bank of Nigeria (CBN) yesterday said Deposit Money Banks   will no longer receive interest payments on deposits exceeding N2 billion. The apex bank in a post on its website said: “Any deposit …

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Ecobank Earmarks N15 Billion for Agricultural Scheme

Ecobank NIRSAL Partnershi

The Managing Director of Ecobank Nigeria, Mr. Patrick Akinwuntan has given reasons for his bank’s investment in agricultural development. Consequently, Ecobank Nigeria has entered into a strategic partnership with the Nigeria Incentive-Based Risk-Sharing System for Agricultural Lending (NIRSAL) with a N15 billion agricultural investment scheme being the first tranche in …

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Going Forward with CBN, Emefiele’s 5-Year Roadmap

CBN Governor, Godwin Emefiele

By Tony Obiechina, Abuja The Governor of the Central Bank of Nigeria (CBN) Mr Godwin Emefiele, on Monday 24th July, 2019 unfolded the policy direction of his new five-year tenure which will terminate in 2024. Addressing a World Press Conference at the CBN corporate headquarters in  Abuja, the governor promised …

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Missing N500bn: Probe CBN, Falana, Others Tell PMB

Missing N500bn: Probe CBN, Falana, Others Tell PMB

The human rights lawyer, Mr Femi Falana (SAN),  Peoples Democratic Party (PDP), and the Social Democratic Party (SDP) have called on PMB to ensure that the allegation of missing N500bn in the Central Bank of Nigeria is thoroughly investigated. Also, the Centre for Anti-Corruption and Open Leadership in a separate …

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