Central Bank of Nigeria – Maritime First Newspaper

Again, CBN reviews cash withdrawal limits to N500,000, N5m

The Central Bank of Nigeria (CBN) has announced an upward review of cash withdrawal limits to N500, 000, and N5 million for individuals and corporate accounts...

Banking & Finance2 years ago

Naira Redesign: CBN Revises Cash Withdrawal Limit

The Central Bank of Nigeria (CBN) has announced a revision of the weekly cash withdrawal limit to N100,000 for individuals and N500,000 for corporate organisations. According...

Banking & Finance2 years ago

Nigeria’s debt sustainable, says DMO, as Stock Debts Soars

Against the backdrop of verbal attacks on the soaring Government stock-debts profile, the Debt Management Office (DMO) has declared that Nigeria’s debt remains sustainable. The Director-General...

Experts caution against interest rate benchmark at 18%

Economy2 years ago

Non-oil Exporters Repatriate $4.99bn in 2022; Emeifele Says only $1.97bn Qualifies for Rebate

The Central Bank of Nigeria (CBN) says that non-oil exporters repatriated the sum of $4.99 billion into Nigeria in 2022. The Governor of the CBN, Mr...

KEBBI BOAT MISHAP: At Least, 20 Youth- Rice Farmers Feared Dead

Economy2 years ago

Nigeria to begin rice export to Egypt, as RIFAN, Tiamin sign MoU

…Egyptian investors partner Kebbi on rice production*** The Rice Farmers Association of Nigeria (RIFAN), has signed a Memorandum of Understanding (MoU) with Tiamin Rice company for...

Banking & Finance2 years ago

Hoarding, Counterfeiting, Reasons for Naira Redesigning- CBN

The Central Bank of Nigeria (CBN) on Thursday said counterfeiting and hoarding were the main reasons for redesigning and issuing new Naira notes. Mrs. Amina Abdulmalik,...

Cash crunch: Catfish farmers lament low patronage

Banking & Finance2 years ago

REDESIGNING NAIRA: Southern Experts hail FG; Northern Gurus say ‘Nay’

…. Northern Group calls CBN Governor’s sack!*** Federal Government’s move to redesign the Naira may have unwittingly enjoyed the support of the Southern Experts, even as...

CBN set to make Nigeria predominantly cashless economy

Banking & Finance2 years ago

CBN set to make Nigeria predominantly cashless economy

…President says Islamic Development Bank to support Nigeria on economic, social infrastructure*** The Central Bank of Nigeria (CBN) said on Tuesday in Lagos that it would...

Senate confirms 7 members of CBN’s Monetary Policy Committee

Banking & Finance3 years ago

Senate confirms 7 members of CBN’s Monetary Policy Committee

The Senate at the Wednesday plenary confirmed the nomination of seven members of the Monetary Policy Committee of the Central Bank of Nigeria (CBN). The confirmation...

Economy3 years ago

Money Laundering: CBN opposes new laws

The Central Bank of Nigeria on Thursday kicked against the plan by the Senate to enact new anti-money laundering laws without required amendments on the existing...