CBN

33 States, FCT Yet To Access UBEC’s N59.7B Intervention Fund

In 2016, only two states, Borno and Rivers states received their shares of the intervention funds while only 18 out of the 36 states of the federation and the FCT accessed the UBEC matching grant in 2015.

Lagos Cash: CBN Yet To Confirm NIA’s Claim

Director General of the NIA, Ayodele Oke, had said that the money, valued at N13 billion going by the current official exchange rate, had been released in cash by the CBN in order to maintain the discreet nature of the assignment for which it was approved.
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Finance Minister Urges CBN To Extend BVN To Microfinance Banks

The Minister said the move will make for the easy detection of bank accounts that are being operated in such banks by ghost workers and other syndicates.

CBN, NCC Move To Save Etisalat Over Debt

The CBN governor, Godwin Emefiele, and the Executive Vice Chairman of the NCC, Umar Danbatta, met on Thursday at the CBN headquarters in Abuja over the Etisalat debt issue.
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Nigeria To Commence Rice Export By 2017

The Central Bank of Nigeria, CBN, has said that the country will begin to export rice to other countries by the end of 2017.

Senate Rejects Bill To Punish Private Ownership Of Forex

The Nigerian Senate has said that it will not support the moves by some government agencies to introduce a controversial bill banning people from owning foreign exchange.
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