This is the news feed from the Central Bank of Nigeria official website (www.cenbank.org) the feed includes news worthy items concerning the central bank and the Nigerian economy. http://www.cenbank.org/cbnat50/papers/wadd.pdf Finance/Banks/Internet/Site Management/Content Management Copyright 2010 Central Bank of Nigeria http://blogs.law.harvard.edu/tech/rss 5/25/2013 2:08:07 AM webteam@cenbank.org 5/25/2013 2:08:07 AM webmaster@cenbank.org Copyright 2009 cenbank.org http://www.cenbank.org/rss/images/rssbanner.gif http://www.cenbank.org/Subscription/SubscribeRSS.asp This is the breaking news feed form the central bank of Nigeria website (www.cenbank.org) the feed includes news worthy items concerning the central bank. 144 33 Friday, May 24, 2013 Friday, May 24, 2013 Friday, May 24, 2013 Wednesday, May 22, 2013 Tuesday, May 21, 2013 Tuesday, May 21, 2013 Friday, May 17, 2013 Friday, May 17, 2013 Thursday, May 09, 2013 Monday, May 06, 2013 Tuesday, April 09, 2013 Tuesday, April 09, 2013 Friday, April 05, 2013 Wednesday, April 03, 2013 Tuesday, March 26, 2013 Thursday, February 28, 2013 Tuesday, January 22, 2013 Friday, November 23, 2012 Tuesday, November 20, 2012 Click here for the interview.]]> Friday, September 28, 2012 Monday, September 24, 2012 Thursday, September 20, 2012 Tuesday, September 18, 2012 Tuesday, September 04, 2012 Tuesday, August 07, 2012 Tuesday, August 07, 2012 Click here to view the broadcast.]]> Thursday, July 26, 2012 Tuesday, July 24, 2012 Date: 23rd - 24th July, 2012
Time: 10am. daily]]> Thursday, July 19, 2012 Thursday, June 14, 2012 Friday, May 25, 2012 Thursday, May 24, 2012 Thursday, May 24, 2012 Tuesday, May 22, 2012 Download Full Document here ]]> Tuesday, May 08, 2012 Thursday, May 03, 2012 Wednesday, April 25, 2012 Tuesday, April 24, 2012 Tuesday, April 10, 2012 Thursday, March 29, 2012 Wednesday, March 28, 2012 Thursday, March 22, 2012 Tuesday, March 20, 2012 Monday, March 19, 2012 Monday, March 19, 2012 Monday, March 19, 2012 Tuesday, March 13, 2012 Friday, March 02, 2012 Tuesday, February 07, 2012 Tuesday, January 31, 2012 Wednesday, January 25, 2012 Wednesday, January 18, 2012 Click here for the CBN e-Payment Compliance Certificate.]]> Friday, December 30, 2011 cash handling charge on daily cash withdrawals or cash deposits that exceed N150,000 for Individuals and N1,000,000 for Corporate bodies. The new policy on cash-based transactions (withdrawals & deposits) in banks, aims at reducing (NOT ELIMINATING) the amount of physical cash (coins and notes) circulating in the economy, and encouraging more electronic-based transactions (payments for goods, services, transfers, etc.).]]> Friday, December 30, 2011 Thursday, December 29, 2011 Wednesday, December 28, 2011 this link.
Thank you.]]> Friday, December 23, 2011 Saturday, December 10, 2011 Tuesday, December 06, 2011 Wednesday, November 30, 2011 Monday, November 21, 2011 Friday, November 18, 2011 Wednesday, November 16, 2011 Monday, October 10, 2011 Date: Monday, October 10, 2011
Venue: D8 Meeting Room, 11th Floor, Wing C, CBN Head Office, Abuja
Time: 10 a.m. prompt]]> Friday, October 07, 2011 www.cbn.gov.ng/careers/jobs/ This job vacancy closes on the 21st October, 2011 (5 pm).]]> Wednesday, October 05, 2011 =N=3,500.00 only.]]> Tuesday, October 04, 2011 Sunday, September 25, 2011 Friday, September 23, 2011 Monday, September 19, 2011 Monday, September 05, 2011 Friday, August 26, 2011 Friday, August 12, 2011 Click here for the full text of NDIC Press Statement ]]> Friday, August 05, 2011 Tuesday, August 02, 2011 Tuesday, July 26, 2011 Tuesday, July 05, 2011 Monday, June 27, 2011 Monday, June 27, 2011 Tuesday, June 21, 2011 Click here for Agenda and Click here for NIRSAL Brief]]> Tuesday, June 21, 2011 Click here for guidelines]]> Tuesday, June 21, 2011 Friday, June 17, 2011 Wednesday, June 15, 2011 Friday, June 10, 2011 Thursday, May 26, 2011 Tuesday, May 24, 2011 View the Time publication here.]]> Thursday, April 21, 2011 revised list of MFBs with their corresponding codes. ]]> Thursday, April 14, 2011 Monday, March 28, 2011 Wednesday, March 23, 2011 Tuesday, March 22, 2011 Wednesday, March 16, 2011 Saturday, March 12, 2011 Thursday, March 10, 2011 Monday, March 07, 2011 Tuesday, March 01, 2011 Monday, February 21, 2011 Friday, February 11, 2011 Monday, January 31, 2011 Tuesday, January 25, 2011 Monday, January 24, 2011 Monday, January 17, 2011 Friday, January 07, 2011 Monday, January 03, 2011 Monday, December 06, 2010 Tuesday, November 30, 2010 Monday, November 29, 2010 Tuesday, November 23, 2010 Thursday, November 18, 2010 Wednesday, November 03, 2010 Wednesday, November 03, 2010 Tuesday, November 02, 2010 Monday, October 25, 2010 Monday, October 25, 2010 Thursday, October 21, 2010 Click here for the list.]]> Thursday, October 21, 2010 Click here for the list.]]> Thursday, October 21, 2010 Monday, October 11, 2010 Friday, October 08, 2010 Tuesday, October 05, 2010 Wednesday, September 29, 2010 Tuesday, September 28, 2010 Click here for Revocation List]]> Friday, September 24, 2010 Thursday, September 23, 2010 Wednesday, September 22, 2010 Monday, September 13, 2010 Wednesday, September 08, 2010 Detailed guideline ]]> Tuesday, August 24, 2010 Monday, August 16, 2010 Wednesday, August 11, 2010 Monday, August 09, 2010 Tuesday, August 03, 2010 Monday, July 19, 2010 Thursday, July 15, 2010 Thursday, July 15, 2010 Tuesday, July 13, 2010 Saturday, July 10, 2010 Friday, July 09, 2010 Thursday, July 08, 2010 Monday, July 05, 2010 Wednesday, June 30, 2010 Monday, June 28, 2010 Monday, June 28, 2010 Wednesday, June 23, 2010 Tuesday, June 22, 2010 Tuesday, June 15, 2010 Tuesday, June 01, 2010 Tuesday, May 25, 2010 Monday, May 24, 2010 Friday, May 21, 2010 Tuesday, May 11, 2010 Thursday, May 06, 2010 Friday, April 30, 2010 Thursday, April 29, 2010 Thursday, April 29, 2010 Monday, April 26, 2010 Friday, April 16, 2010 Friday, April 16, 2010 Wednesday, April 07, 2010 Wednesday, March 31, 2010 Tuesday, March 30, 2010 Click here for details.

Press Release On CBN Banking Reforms Get A Boost: Reps Pass AMCON Bill, Scales Second Reading at the Senate - 10th March 2010
The on-going banking reforms have received a significant boost with two key developments in the National Assembly on Wednesday 10/3/10. The Asset Management Corporation of Nigeria (AMCON) Bill scaled the second reading at the Senate following presentation of the required financial compendium on AMCON. The Bill has thus been referred to the Senate Committee on Banking, Insurance and other Financial Institutions.... Click here for more details.

Revised Microfinance Banks' Returns Template - 8th March, 2010
Following series of complaints on the Revised Microfinance Banks' returns template from the operators, a new version has been produced to ease the difficulties experienced by the institutions. Click here to download the new version of the Returns Template.

Press Release: Update on Establishment of Assets Management Corporation of Nigeria(AMCON)
It will be recalled that the Central Bank of Nigeria through the Executive had sent a draft Bill for the establishment of AMCON to the National Assembly for consideration and passage into law. The AMCON as a resolution vehicle is expected to soak the toxic assets of the CBN-intervened banks and provide liquidity to them as well as assist in their recapitalization.. Click here for more.

Press Release On MPC Boosts Real Sector: Stresses Need To Unlock the Credit Market - 2nd March 2010
In tandem with the desire of the Central Bank of Nigeria at ensuring that the financial sector contributes to the real economy as enunciated under the four pillars of the banking reforms, the Monetary Policy Committee (MPC) has taken far reaching decisions aimed at channeling credit to the real sector. Click here for more.

Central Bank of Nigeria Communiqué No. 68 of the 213th Monetary Policy Committee Meeting, March 1-2, 2010
The Monetary Policy Committee (MPC) met on 1st and 2nd March, 2010 to review domestic economic conditions for the first two months of 2010 and the challenges faced by the Nigerian economy against the backdrop of developments in the international economic and financial environments in order to chart the course for monetary and financial sector policies for the remainder of the year. Click here for more.

CBN Restructures into 25 Departments
As part of the ongoing efforts aimed at improving Accountability, Communication and Efficiency as well as Effectiveness in actualising CBN's strategic objectives (ACE), the Board of CBN has approved a new organisation structure for the Bank, effective March 1st, 2010.
Click here for summary of structure changes , Click here for the new Organisation Structure
Click here for more.]]> Friday, March 05, 2010 Click here for more.

Re- Alleged limit to loan approval and five percent equity holding in banks
The attention of the Central Bank of Nigeria has been drawn to two publications, the first in the Vanguard Newspaper of January 28, 2010 titled: CBN to ensure 5% Equity Holding in Banks-Sanusi and the second on the front page of the Vanguard Newspaper of February 1, 2010,titled: CBN limits bank MDs, boards' loan approval. Click here for more.]]> Wednesday, February 03, 2010 CBN to ensure 5% Equity Holding in Banks-Sanusi and the second on the front page of the Vanguard Newspaper of February 1, 2010,titled: CBN limits bank MDs, boards' loan approval. Click here for more.

Brief On Guidelines For Tenure Of Managing Directors Of Deposit Money Banks And Related Matters
In furtherance of the on-going banking reforms, the Central Bank of Nigeria pursuant to the powers conferred on it by Banks and Other Financial Institutions Act (BOFIA), Laws of the Federation of Nigeria, (LFN), 2004 has issued the following guidelines to address some corporate governance issues in the deposit money banks: Click here for more.

New Monetary Policy Committee (MPC) Members
Click here for the new members of the Monetary Policy Committee.

Stakeholders of Bailed-Out Banks Agree To Work With CBN On Recapitalization Process
The Central Bank of Nigeria held an interactive meeting with stakeholders of ten affected banks comprising their directors and principal shareholders on Friday, January 15, 2010. The objective of the meeting was to inform the stakeholders on plans for the implementation of the second phase of the on-going banking sector reforms. Click here for more.

Disclaimer On CBN Involvement In ATM Upgrade
This is to notify the general public that the Central bank of Nigeria is not involved in any on-going Automated Teller Machines upgrade or any related activity that may require banking customers' pin code/password.
Click here for more.

CBN Appoints Executive Directors for Three Banks
The Central Bank of Nigeria wishes to announce the appointment of new Executive Directors for Bank PHB, Spring Bank Plc and Equitorial Trust Bank Limited respectively. This follows the removal of the CEO's of the affected banks and their replacement with new ones. Click here for more.

]]> Monday, February 01, 2010 Click here for more.

New Monetary Policy Committee (MPC) Members
Click here for the new members of the Monetary Policy Committee.

Stakeholders of Bailed-Out Banks Agree To Work With CBN On Recapitalization Process
The Central Bank of Nigeria held an interactive meeting with stakeholders of ten affected banks comprising their directors and principal shareholders on Friday, January 15, 2010. The objective of the meeting was to inform the stakeholders on plans for the implementation of the second phase of the on-going banking sector reforms. Click here for more.

Disclaimer On CBN Involvement In ATM Upgrade
This is to notify the general public that the Central bank of Nigeria is not involved in any on-going Automated Teller Machines upgrade or any related activity that may require banking customers' pin code/password.
Click here for more.

CBN Appoints Executive Directors for Three Banks
The Central Bank of Nigeria wishes to announce the appointment of new Executive Directors for Bank PHB, Spring Bank Plc and Equitorial Trust Bank Limited respectively. This follows the removal of the CEO's of the affected banks and their replacement with new ones. Click here for more.

Re: Central Bank Guarantee Of Foreign Credits and Interbank Lending
Following the release of the communiqué of the 212th MPC Meeting on January 5, 2010, the Central Bank hereby provides the following additional clarification with respect to the guarantee of Inter-bank and foreign credit lines.Click here for more.

]]> Tuesday, January 19, 2010 Click here for the new members of the Monetary Policy Committee.

Stakeholders of Bailed-Out Banks Agree To Work With CBN On Recapitalization Process
The Central Bank of Nigeria held an interactive meeting with stakeholders of ten affected banks comprising their directors and principal shareholders on Friday, January 15, 2010. The objective of the meeting was to inform the stakeholders on plans for the implementation of the second phase of the on-going banking sector reforms. Click here for more.

Disclaimer On CBN Involvement In ATM Upgrade

This is to notify the general public that the Central bank of Nigeria is not involved in any on-going Automated Teller Machines upgrade or any related activity that may require banking customers' pin code/password.
Click here for more.

CBN Appoints Executive Directors for Three Banks
The Central Bank of Nigeria wishes to announce the appointment of new Executive Directors for Bank PHB, Spring Bank Plc and Equitorial Trust Bank Limited respectively. This follows the removal of the CEO's of the affected banks and their replacement with new ones. Click here for more.

Re: Central Bank Guarantee Of Foreign Credits and Interbank Lending
Following the release of the communiqué of the 212th MPC Meeting on January 5, 2010, the Central Bank hereby provides the following additional clarification with respect to the guarantee of Inter-bank and foreign credit lines.Click here for more.

Central Bank of Nigeria Communiqué No. 67 of the 212th Monetary Policy Committee Meeting, January 4-5, 2010
The Monetary Policy Committee (MPC) met on 4th and 5th January, 2010 to review domestic economic conditions in 2009 and the challenges faced by the Nigerian economy against the backdrop of developments in the international economic and financial environments in order to chart the course for monetary and financial sector policies for 2010.
Click here for more.]]> Thursday, January 14, 2010 Click here for more.
Re: Central Bank Guarantee Of Foreign Credits and Interbank Lending
Following the release of the communiqué of the 212th MPC Meeting on January 5, 2010, the Central Bank hereby provides the following additional clarification with respect to the guarantee of Inter-bank and foreign credit lines.
Click here for more.

Central Bank of Nigeria Communiqué No. 67 of the 212th Monetary Policy Committee Meeting, January 4-5, 2010
The Monetary Policy Committee (MPC) met on 4th and 5th January, 2010 to review domestic economic conditions in 2009 and the challenges faced by the Nigerian economy against the backdrop of developments in the international economic and financial environments in order to chart the course for monetary and financial sector policies for 2010.
Click here for more.

Re: Publication Of Interest Rates
In line with the CBN policy to ensure that Transparency and Accountability are entrenched in the banking sector, banks are henceforth required to submit on weekly basis to the CBN their average deposit and lending rates in line with our previous circulars numbers BSD/DIR/GEN/CIR/02/019 dated January 29, 2009 and BSD/DIR/GEN/CIR/01/023 dated October 14, 2009.
Click here for more.

Press Statement On The CBN and Disengagement of Bank's Workers
The Central Bank of Nigeria has noted with dismay, several untrue reports in the media alleging that the Central Bank of Nigeria ordered the mass sack of Deposit Money Banks' staff and rationalization of their branches.
Click here for more.]]> Monday, January 04, 2010 Click here for more.]]> Thursday, December 31, 2009 Click here for more.]]> Friday, December 11, 2009 Click here for more.

Press Statement On Deregulation 4th November, 2009
The Central Bank of Nigeria (CBN) has noted reports in some sections of the press alleging in screaming headlines that the CBN is against the Federal Government's policy of deregulation of the downstream sector of the petroleum industry. These press reports arose from the Monetary Policy Committee, MPC briefing by the CBN Governor on Tuesday, 3 November 2009.Click here for details

Press Statement On Equatorial Trust Bank Limited 4th November, 2009
Following the Special Examination of all banks operating in the country, and the subsequent actions by the CBN, the shareholders of Equitorial Trust Bank Limited requested the permission of the Central Bank of Nigeria to be allowed to rectify lapses identified in the bank. In pursuance to that, the shareholders executed a Deed of Covenant, the specific terms and conditions of which included the following:Click here for details

Central Bank of Nigeria Communiqué No. 66 of the Monetary Policy Committee Meeting, November 03, 2009
The Monetary Policy Committee (MPC) at its meeting today reviewed the domestic and external economic and financial developments for the year so far. The international economic scene, in the Committee's view, has turned out to be better than was projected about six months ago Click here for details]]> Wednesday, November 04, 2009 Click here for details

Central Bank Of Nigeria Invitation For The Submission Of Quotations For The Supply Of Cybex Gym Equipment
The Central Bank of Nigeria requires the supply of Cybex Gym Equipment to the Bank under the Year 2009 Budget. Consequently, the Bank wishes to invite ONLY ACCREDITED MANUFACTURERS REPRESENTATIVES of Cybex Gym Equipment to submit quotations for the supply Click here for details

Central Bank Of Nigeria Invitation For The Pre-qualification Of Contractors For The Execution Of Capital Development Projects Under 2009 Budget
The Central Bank of Nigeria is desirous to undertake a pre-qualification exercise for the Refurbishment of the Burnt CBN Kano old Branch Building/Development of a Learning Centre (Ref No CBN/CDP2009/03). Consequently, the Bank wishes to invite reputable contractors to indicate interest to prequalify for the Project.Click here for details

Press Statement 23rd October, 2009
The Central Bank of Nigeria (CBN) has noted a story on the back cover of the Guardian Newspaper of Thursday, 22nd October 2009 alleging that the CBN has directed commercial banks "to place a lid on the loans they offer airlines in the country, which has put the airlines on the edge as they are finding it difficult to source funds to run their operations"Click here for details

Revised Microfinance Banks' Returns Template
For the benefits of all microfinance banks that attended the Workshop on Returns Rendition recently organized across three locations in the Country and those that could not attend, a revised template is now available Click here for details


Job Opportunities At The International Monetary Fund (IMF)
The International Monetary Fund (IMF) is planning a Recruitment Mission to Nigeria on
November 10, 2009. The Mission will identify suitable candidates for mid-carrier
economist pipeline in the Economist Program for recent PhD graduates and other
specialist positions. The Federal Ministry of Finance and the Central Bank of Nigeria are
coordinating the recruitment exercise on behalf of the IMF.Click here for details

Public Statement 17th Oct. 2009
The Central Bank of Nigeria (CBN) has noted the front page story of the Champion Newspaper of Friday 16th, October 2009 with the above caption alleging that the CBN Governor, Sanusi Lamido Sanusi had told the Senate that his life was in danger. The paper also attributed to the Governor "how a business associate of one of the sacked bank Managing Directors gave out loans in two separate payments to two of his friends, (and that) the bank chief had given out the loans to a friend who said he would refund it in less than one week".
Click here for details


Public Statement 16th Oct. 2009
Further to the recent regulatory action taken by the Central Bank of Nigeria (CBN) in respect of Bank PHB Plc, Spring Bank Plc, Unity Bank Plc, Wema Bank Plc and Equitorial Trust Bank Ltd, the CBN wishes to make these clarifications:Click here for details

Public Statement on Bank Debtors
In furtherance of the effort by the Central Bank of Nigeria (CBN) to assist the banks affected by the outcome of the recent CBN/NDIC Special Examination, we publish herewith the list of non-performing loans of N100m and above for Bank PHB, Spring Bank, Unity Bank, Wema Bank and Equitorial Trust Bank as at June 30, 2009. Click here for details

Press Statement on the Outcome of Special Examination of 14 Banks

In furtherance of the Central Bank of Nigeria's statutory duty to ensure a sound financial system in the country, the Governor of the Central Bank of Nigeria (CBN) ordered the Special Examination of all the 24 banks operating in Nigeria. The result of the Special Examination of the first set of 10 banks was made known on 14 August 2009. The CBN wishes to announce that the joint CBN-NDIC examination teams have completed the Special Examination of the remaining 14 banks- and as such the books and affairs of all 24 banks in the Nigerian banking system have now been examined.
Click here for more details

Questions and Answers on The Examination of 14 Banks

FAQ on the recent CBN intervention involving 5 banks
]]> Monday, August 31, 2009 Click here for more details.

Press Release - 19th August, 2009
The Central bank of Nigeria has noted claims by some individuals on the published list of debtors/defaulters that the figures posted against them are not correct and threatened to go to court. The bank has also noted some typographical errors regarding the titles of some government officials and some companies and wish to comment as follows:
Click here for more details.

CBN Advertorial On Bank Debtors - 18th August, 2009
Following the recent regulatory action of the Central Bank of Nigeria on the five (5) banks, it has become necessary to use this medium to request the following defaulting customers of the affected banks to pay without further delay their indebtedness, failing which the banks will take all appropriate legal actions to ensure repayment.
Click here for more details.

Public Statement-18th August, 2009
Following the recent regulatory action taken by the Central Bank of Nigeria in respect of Afribank, Finbank, Intercontinental, Oceanic and Union banks, it has become necessary to make the following clarifications:
Click here for details
]]> Tuesday, August 25, 2009 Click here for more details.

CBN Advertorial On Bank Debtors - 18th August, 2009
Following the recent regulatory action of the Central Bank of Nigeria on the five (5) banks, it has become necessary to use this medium to request the following defaulting customers of the affected banks to pay without further delay their indebtedness, failing which the banks will take all appropriate legal actions to ensure repayment.
Click here for more details.

Public Statement-18th August, 2009
Following the recent regulatory action taken by the Central Bank of Nigeria in respect of Afribank, Finbank, Intercontinental, Oceanic and Union banks, it has become necessary to make the following clarifications:
Click here for details

Address by the Governor of the Central Bank of Nigeria, on Developments in the banking System in Nigeria
The Governor of the Central Bank of Nigeria addressed the press on recent developments in the banking sector after an emergency meeting of the Board of the Bank in Lagos, on Friday, 14th August, 2009.
Click here for more details.

CBN’s Disclosure Requirements For Banks: The Facts
Of the four-point agenda stressed by the Governor, Central Bank of Nigeria, Mallam Sanusi Lamido Sanusi, on assumption of office, the need to strengthen regulation and supervision through enhanced disclosures by financial institutions, stands out clearly...
Click here for details
]]> Sunday, August 16, 2009
Request For Proposal (RFP) To Deploy A Real-Time Gross Settlement (RTGS) Solution For The Payment Systems Infrastructure In Nigeria
Central Bank of Nigeria (CBN) being the apex Bank of the country occupies a central position in the economic and social development of Nigeria. In order to fulfill its statutory mandate of ensuring a stable financial system, and as part of the Payment System Vision 2020, the CBN is desirous of implementing a new Real Time Gross Settlement (RTGS) system that is of international standard.
Click here for details
]]> Thursday, August 06, 2009 Click here for details
]]> Monday, July 20, 2009 Click here for details


An Assessment Of Current Development In The Nigerian Economy And The Central Bank Of Nigeria (CBN) Policy Action
It is with great pleasure that I welcome you all to my maiden briefing on
the activities of the CBN in addressing the challenges faced by the
financial sector owing to the downturn in the global economy. I, therefore,
take this opportunity to appraise the CBN monetary actions in the recent
past and indicate the way forward in the immediate future.Click here for details
]]> Tuesday, July 07, 2009 the activities of the CBN in addressing the challenges faced by the
financial sector owing to the downturn in the global economy. I, therefore,
take this opportunity to appraise the CBN monetary actions in the recent
past and indicate the way forward in the immediate future.Click here for details
]]> Tuesday, July 07, 2009
Forged CFA Notes
This is to inform all banks, bureau de change operators and the general public that the Central Bank of West Africa (BCEAO), has issued an alert on the circulation of fake CFA notes.
Click here for details]]> Friday, July 03, 2009 now open to the public from Monday to Friday between 9am to 4pm. Consequently, institutions and groups wishing to visit the Museum should apply to the Director, Currency and Branch Operations Department, Central Bank of Nigeria Corporate Headquarters, Central Business District, Abuja, stating the number of visitors, date and time of their visit. The Museum, however, will not open on public holidays
]]> Thursday, June 11, 2009
Mallam Sanusi Lamido Aminu Sanusi has formally assumed duty as Governor, Central Bank of Nigeria today, June 4, 2009 at the Bank's Corporate Head Office in Abuja following the confirmation of his nomination by the Senate of the Federal Republic of Nigeria on Wednesday, June 3, 2009.

The Governor who arrived the premises at about 1.00pm was received on arrival by the Deputy Governors and some top officials of the Bank.

The handover notes were later presented to the Governor by the Acting Governor, Mr. Ernest Ebi.]]> Thursday, June 04, 2009 Monday, June 01, 2009 Click here for details

Commencement of Foreign Exchange Sale to Non-Bank Class 'A' Bureaux De Change (BDCs)
Following the restructuring of the Bureau De Change (BDC) segment of the foreign exchange market and the subsequent submission of applications by interested members of the public for Class 'A' BDC licence, the Central Bank of Nigeria (CBN) has granted approvals-in-principle (AIPs) to fifty (50) non-bank Class 'A' BDCs listed below.
Click here for details
]]> Friday, May 22, 2009 As part of the events marking its 50th anniversary celebration, the Central Bank of Nigeria has organised an international conference holding at the Congress Hall of the Transcorp Hilton, Abuja, Nigeria.

Click here for the governor's welcome address and other papers presentations at the conference.]]> Tuesday, April 21, 2009 here.

Guidelines for Commercial Agriculture Credit Scheme (CACS).
Click here]]> Tuesday, April 21, 2009 Further to the invitation for expression of interest published in some Nigerian Dailies on September 1, 2008 for prequalification of service providers in respect of the execution of some Capital Development Projects, the under listed contractors and consultants have been shortlisted.

The short listed contractors and consultants are advised to report to the Director, Procurement and Support Services Department for briefing and further directives.

Click here for short listed consultants.
Click here for short listed contractors.
Click here for additional short listed contractors.]]> Wednesday, April 15, 2009 Click here for details]]> Thursday, April 09, 2009 click here for soft copy of the foreign exchange end-users of US$100,000.00 and above for the period March 16 to 27, 2009.]]> Monday, April 06, 2009 at the Eko Hotel & Suites, Victoria Island, Lagos.
30th March, 2009
Click here for details]]> Monday, March 30, 2009 21st March, 2009, and reviewed developments in both the international and the domestic economy with special focus on the banking sector.
Click here for details

FOREX Help Desk
The Central Bank of Nigeria has set up a foreign exchange Help Desk/Complaints Desk to help collate and resolve foreign exchange related problems the general public may encounter.
Click here for details

Invitation For Prequalification
The Central Bank of Nigeria is desirous to undertake a pre-qualification exercise for capital projects under the 2009 budget.
Consequently, the Bank wishes to invite reputable contractors to indicate interest to prequalify for the under-listed projects
Project List A Project List B

Expression of Interest For Provision Of Consultancy Services For Physical Projects
EOI List A EOI List B]]> Monday, March 23, 2009
Consequently, the Bank wishes to invite reputable contractors to indicate interest to prequalify for the under-listed projects


Expression of Interest For Provision Of Consultancy Services For Physical Projects
Click here for details

]]> Monday, March 16, 2009 The Central Bank of Nigeria has set up a foreign exchange Help Desk/Complaints Desk to help collate and resolve foreign exchange related problems the general public may encounter.
Click here for details

Invitation For Prequalification
The Central Bank of Nigeria is desirous to undertake a pre-qualification exercise for capital projects under the 2009 budget.
Consequently, the Bank wishes to invite reputable contractors to indicate interest to prequalify for the under-listed projects
Project List A Project List B

Expression of Interest For Provision Of Consultancy Services For Physical Projects
EOI List A EOI List B

Essay Competition: List of Valid Entries
The Central Bank of Nigeria will be celebrating her 50th Anniversary in May, 2009. As part of the events to mark this milestone, the Bank is organizing an Essay Competition for Senior Secondary School Students in their final year (SSS3) in the six geopolitical zones and FCT.
Click here for details
]]> Friday, March 13, 2009 Click here for details

Update on CBN Recruitment Test
Re: Abuja Centre
All shortlisted candidates for Job code 104 (officer cadre position) who reside in FCT but whose names do not appear in the lists for Centers 1 and 2 in Abuja, should please proceed to the Women Development Center, CBA, Abuja. Accreditation starts at 8.00am.

CBN Recruitment Advert
Notice is hereby given to all Shortlisted Candidates of Central Bank recruitment test that the screening test will hold on Saturday, March 14th, 2009 at various designated centers. All applicants have been distributed to Test States/Centers based on their respective States of residence..
Click here for details

Click here for the comprehensive list of shortlisted candidates]]> Thursday, March 12, 2009 Click here for details

CBN Recruitment Advert
Notice is hereby given to all Shortlisted Candidates of Central Bank recruitment test that the screening test will hold on Saturday, March 14th, 2009 at various designated centers. All applicants have been distributed to Test States/Centers based on their respective States of residence..
Click here for details

Click here for the comprehensive list of shortlisted candidates]]> Friday, March 06, 2009 Click here for details

CBN Recruitment Advert
Notice is hereby given to all Shortlisted Candidates of Central Bank recruitment test that the screening test will hold on Saturday, March 14th, 2009 at various designated centers. All applicants have been distributed to Test States/Centers based on their respective States of residence..
Click here for details

Click here for the comprehensive list of shortlisted candidates]]> Wednesday, February 25, 2009 Click here for details

CBN Recruitment Advert
The CBN Recruitment Test, earlier scheduled for Saturday, January 24th 2009 will soon hold. All short-listed candidates are advised to check www.fitc-ng.com or www.cenbank.org to view the comprehensive short-list of candidates invited for the screening tests.
Click here for details

Click here for the comprehensive list]]> Monday, February 23, 2009 Click here for details

CBN Recruitment Advert
The CBN Recruitment Test, earlier scheduled for Saturday, January 24th 2009 will soon hold. All short-listed candidates are advised to check www.fitc-ng.com or www.cenbank.org to view the comprehensive short-list of candidates invited for the screening tests.
Click here for details

Click here for the comprehensive list]]> Thursday, February 19, 2009 Click here for details

CBN Recruitment Advert
Notice is hereby given to all Shortlisted Candidates of Central Bank recruitment test that the screening test will hold on Saturday, March 14th, 2009 at various designated centers. All applicants have been distributed to Test States/Centers based on their respective States of residence..
Click here for details

Click here for the comprehensive list]]> Monday, February 16, 2009 Click here for details


CBN Recruitment Advert
The CBN Recruitment Test, earlier scheduled for Saturday, January 24th 2009 will soon hold. All short-listed candidates are advised to check www.fitc-ng.com or www.cenbank.org to view the comprehensive short-list of candidates invited for the screening tests.
Click here for details

Click here for the comprehensive list]]> Tuesday, February 10, 2009 The Governor of the Central Bank of Nigeria, Prof. Chukwuma C. Soludo, CFR, made a background presentation.
Click here for details

CBN Recruitment Advert
The CBN Recruitment Test, earlier scheduled for Saturday, January 24th 2009 will soon hold. All short-listed candidates are advised to check www.fitc-ng.com or www.cenbank.org to view the comprehensive short-list of candidates invited for the screening tests.
Click here for details

Click here for the comprehensive list]]> Thursday, February 05, 2009 Click here for details
]]> Thursday, January 29, 2009 Click here for details
]]> Wednesday, January 28, 2009 postponed. A new date will be announced later.]]> Friday, January 23, 2009 Click here for details
]]> Wednesday, January 21, 2009 Click here for details

Central Bank of Nigeria Communique No. 60 of the Monetary Policy Committee, January 14th , 2009
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) met January 14, 2009, and reviewed the developments in the foreign exchange market vis a vis Nigeria's external reserves position and macro economic developments.
Click here for details]]> Tuesday, January 13, 2009 Click here for details]]> Monday, January 12, 2009 Click here for details]]> Friday, January 09, 2009 Click here for details]]> Monday, December 15, 2008 download]]> Thursday, December 11, 2008 Click here for details

Banks' Interest Rates and Charges on Loans and Deposits for November 2008
Please view the Banks' interest rates and charges on Loans and Deposits for the month of November 2008.
Click here for details
]]> Monday, November 24, 2008 Monday, November 24, 2008 2004 and TED/FEM/GEN/FPC/011/07 dated 11th October and 8th
November, 2004 and 26th January, 2007, respectively, Authorised Dealers
and the general public are hereby notified that the Federal Government of
Nigeria has ratified the appointment of Messrs Cobalt International
Services Limited for the Pre-shipment Inspection of oil exports in Nigeria
with effect from Novermber 1, 2008. Consequent upon that, the following
clarifications and amendments to the circulars under reference are made to
guide the implementation of the inspection scheme
Click here for details.]]> Monday, November 17, 2008 Click here for details.]]> Wednesday, October 22, 2008 Click here for details. A revised operational guidelines will be issued shortly.

Invitation for the pre-qualification of Contractors for Execution of Capital Development Projects
The Central Bank of Nigeria is desirous to undertake a pre-qualification exercise for the under listed capital projects under
the 2008 budget. Consequently, the Bank wishes to invite reputable contractors to indicate interest to prequalify for the listed projects. All submissions must be received at the designated address on or before 16.00 hours on 24th October, 2008. Click Here For Details.]]> Friday, October 10, 2008 Click here for details
]]> Wednesday, October 08, 2008 Click here for details
]]> Wednesday, October 08, 2008 Click here for details
]]> Wednesday, October 08, 2008 Monday, October 06, 2008 Click here for details
]]> Monday, October 06, 2008 Click here for details
]]> Thursday, October 02, 2008 Click here for details
]]> Thursday, September 18, 2008 Entrepreneurship Development Centre(EDC) which was rescheduled for 5th
September, 2008 has been further postponed to September 19, 2008 owing to some unforeseen circumstances.
Click here for details
]]> Monday, September 15, 2008 Click here for details]]> Thursday, September 04, 2008 Click here for details]]> Wednesday, September 03, 2008 Entrepreneurship Development Centre(EDC) which was rescheduled for 5th
September, 2008 has been further postponed to September 19, 2008 owing to some unforeseen circumstances.
Click here for details
]]> Wednesday, September 03, 2008 Click here for details
]]> Tuesday, September 02, 2008 Click here for details

Expression of Interest (EOI) for Provision of Consultancy Services for Physical Projects
The Central Bank of Nigeria proposes to undertake, under its 2008 Capital Projects, the renovation of its Branch buildings at Garki-Abuja, Calabar, Jos, Ilorin, and Sokoto respectively.
Click here for details

Invitation for the Prequalification of the Contractors for the Supply of Furniture to Some Branches and Learning Centre under 2008 Budget
The Central Bank of Nigeria is desirous to undertake a pre-qualification exercise for the provision of furniture items to some of its branches and Learning Centre under the 2008 budget.
Click here for details


Requirements For New Banking Licence
Need to make a formal application for the grant of a licence to carry on the business of banking in Nigeria. Application should be addressed to the Director of Banking Supervision Department, Central Bank of Nigeria, P.M.B 0187, Garki, Abuja and submitted with the following documents
Click here for details]]> Wednesday, August 27, 2008 Click here for details

Requirements For New banking Licence
Need to make a formal application for the grant of a licence to carry on the business of banking in Nigeria. Application should be addressed to the Director of Banking Supervision Department, Central Bank of Nigeria, P.M.B 0187, Garki, Abuja and submitted with the following documents ...more]]> Tuesday, August 26, 2008 Click here for details]]> Monday, August 25, 2008 Click here for details]]> Wednesday, August 20, 2008 The inconveniences of the postponement is highly regretted.]]> Monday, August 18, 2008 Click here for details]]> Tuesday, August 12, 2008 Click here for details


CBN is recruiting
The Central Bank of Nigeria (CBN), Nigeria's Apex Financial institution is in the process of recruiting various cadres of staff...

Click here for details
]]> Tuesday, August 05, 2008 Click here for details


CBN is recruiting
The Central Bank of Nigeria (CBN), Nigeria's Apex Financial institution is in the process of recruiting various cadres of staff...

Click here for details
]]> Tuesday, August 05, 2008 Click here for details


CBN is recruiting
The Central Bank of Nigeria (CBN), Nigeria's Apex Financial institution is in the process of recruiting various cadres of staff...

Click here for details
]]> Thursday, July 24, 2008 Click here for details


CBN is recruiting
The Central Bank of Nigeria (CBN), Nigeria's Apex Financial institution is in the process of recruiting various cadres of staff...

Click here for details
]]> Tuesday, July 22, 2008 "Click here for details


CBN is recruiting
The Central Bank of Nigeria (CBN), Nigeria's Apex Financial institution is in the process of recruiting various cadres of staff...

Click here for details]]> Wednesday, July 16, 2008
Click here for details


CBN is recruiting
The Central Bank of Nigeria (CBN), Nigeria's Apex Financial institution is in the process of recruiting various cadres of staff...

Click here for details]]> Tuesday, July 08, 2008
Click here for details

CBN is recruiting
The Central Bank of Nigeria (CBN), Nigeria's Apex Financial institution is in the process of recruiting various cadres of staff...

Click here for details]]> Wednesday, July 02, 2008
Click here for details


CBN is recruiting
The Central Bank of Nigeria (CBN), Nigeria's Apex Financial institution is in the process of recruiting various cadres of staff...

Click here for details]]> Thursday, June 12, 2008 Click here for details]]> Thursday, June 12, 2008 A draft of the Central Bank of Nigeria Annual Report and Statement of Accounts for the Year Ended 31st December, 2007 have been completed by the Bank. The report detailed the corporate activities and operations of the CBN in 2007. It also contained the economic report of various sectoral developments in 2007 as well as tables on various economic, social, fiscal and international trade statistics.
Click for details Part 1, Part 2, Part 3, Part 4, Part 5, Part 6, Part 7.

Central Bank Of Nigeria's Communique No 56 Of The Monetary Policy Committee, June 2, 2008
Click here for details]]> Wednesday, May 28, 2008 Click here for details]]> Friday, May 16, 2008 Click here for details]]> Wednesday, May 07, 2008 click here for details]]> Tuesday, April 08, 2008 click for more]]> Wednesday, April 02, 2008 In his address at the occassion, the CBN Governor, Prof. Chukwuma C. Soludo, CFR, justified the decision of the CBN Board about two years ago to establish the presence of Central Banks Branches in all the 36 states of the federation within the shortest possible time. The Central Bank of Nigeria Currency Centre in Lokoja has commenced full banking operations and services following the opening ceremony on Monday, March 10, 2008... click for details]]> Wednesday, March 12, 2008 His Excellency, Alhaji Umaru Musa Yar'Adua, President, Commander in Chief of the Armed Forces, Federal Republic of Nigeria launched the N50.0 Billion Micro Credit Development Fund at the National Seminar on "Banks and the Nigerian Economy" held at the Sheraton Hotel and Towers, Abuja on the 12th of February 2008. The Governor, Central Bank of Nigeria Prof. Chukwuma C. Soludo, CFR presented a paper on "Banks and the National Economy: Progress, Challenges and the Road Ahead" ..click for his speech]]> Tuesday, February 12, 2008 Read more]]> Tuesday, February 05, 2008 Download all the papers here.]]> Thursday, January 31, 2008 Foreign Operations Circular details modalities for effecting the refunds. Meanwhile, the Development Finance Department has posted speeches and papers presented at the 2nd International Conference on Microfinance and Microentrepreural Award Ceremony which took place on January 17 & 18 January, 2008 in Abuja.]]> Tuesday, January 22, 2008 attached list represents 607 erstwhile community banks that have successfully converted to microfinance banks with either final licence or provisional approval. This list does not, however, include new investors that have been granted Final Licences or Approvals-In-Principle to operate as microfinance banks since the launch of Microfinance Policy on December 15, 2005]]> Monday, January 14, 2008 See Circular for details]]> Wednesday, January 02, 2008 Monetary Policy Committee (MPC) raised the monetary policy rate by 50 basis points from 9.0 per cent to 9.5 per cent. The committee noted with satisfaction the decline on Year on Year (Headline) Inflation from 6.4 per cent in June 2007 to 4.1 per cent in September 2007. However, in October, the year on Year Inflation rose slightly to 4.6 per cent, reflecting increases in the prices of utilities, transport, hotel, tourism and education. Details in Central Bank of Nigeria Communiqué No. 53 of the Monetary Policy Committee, December 4, 2007.]]> Tuesday, December 04, 2007 Monetary Policy Committee (MPC) of the Central Bank of Nigeria is scheduled to hold on Tuesday, December 4, 2007 at the Bank's Headquarters in Abuja. The Committee will review developments in major indicators of economic performance such as output, prices, including interest and exchange rates, balance of payments since the meeting of Wednesday, October 3, 2007. It is also expected to examine the outlook for the first quarter of 2008. The implications of the development will be reviewed and the committee will decide whether to raise, reduce or leave the monetary policy rate unchanged.]]> Thursday, November 29, 2007 Broad money supply (M2) and narrow money supply (M1) increased by 9.3 and 17.5 per cent relative to the preceding quarter details can be found in the Economic Report for the Third Quarter of 2007.]]> Tuesday, November 27, 2007 monetary policy rate (MPR) with a rate corridor. This was complemented with the open market operations (OMO), the sale of foreign exchange through the Wholesale Dutch Auction System (WDAS), reserve requirement and auction of treasury securities in the primary market. For details see the Economic Report for the 1st Half of 2007 - Part 1, Part 2, Part 3, Part 4 & Tables]]> Friday, August 17, 2007 reminded of the need to ensure full compliance with customer identification requirements in line with Section 3 of Money Laundering Prohibition Act, 2004, CBN KYC Directive, 2001 and KYC Manual, 2003. While The deployment of the Data Submission System (DSS) of the electronic Financial Analysis and Surveillance System (e-FASS) in all banks and discount houses, has led to the automation of data extraction for the purpose of returns rendition thus, requiring less effort by banks and discount houses to submit their statutory returns.]]> Friday, August 17, 2007 special briefing to clarify some pertinent issues regarding the state of Springbank. Furthermore, the technical Committee on Nigerian Export Supervision Scheme (NESS) is organinsing a one day seminar to sensitize exporters and other stockholders on their operations.]]> Friday, August 17, 2007 The Governor, Prof. Chukwuma C. Soludo CFR, on Monday 27th August 2007, addressed staff on the development arising from the four-point "Strategic Agenda for the Naira". The Governor assured the staff of the commitment of Bank towards building a virile economy. Click here for the press statement]]> Friday, August 17, 2007 The Governor, Professor Chukwuma Soludo held a meeting with the executives of the Nigeria Labour Congress today, Friday August 17, 2007. During the meeting, the Governor explained the rationale for the "Strategic Agenda for the Naira" launched earlier in the week as well as allayed the concerns raised by the labour leaders.

Read Frequently Asked Questions on the New Naira Policy]]> Friday, August 17, 2007 The Governor, Central Bank of Nigeria (CBN), Prof. Chukwuma C. Soludo, has announced the Strategic Agenda for the Naira. This, according to him is to complement the 13-point agenda initiated in 2004. The strategic agenda is anchored on the issues of realignment of currency redenomination, ensuring its stability and global integration. Click here for the Governor's address.]]> Tuesday, August 07, 2007 Part I reports the activities of the CBN in 2006, the Economic Report is presented in Part II followed by the Appendices (Part III) and Tables (Part IV).]]> Tuesday, August 07, 2007 Director, Statistics Department and Director, Monetary Policy Department, both in the Economic Policy Directorate. The individuals must be Nigerian nationals and must possess strong quantitative, analytical and writing skills, with an established track record in monetary economics, macroeconomics, statistics, econometrics and financial economics/statistics and a sound knowledge of the Nigerian economy. The individuals must also have strong research focus on central bank tasks and functions. Click here to apply]]> Tuesday, July 10, 2007 details. The application form can be downloaded here.]]> Tuesday, July 10, 2007
The Africa Finance Corporation (AFC) has commenced operations with the appointment of Mr. Austine Ometaruwa as the pioneer President/Chief Executive Officer. This, among others, was disclosed at a press briefing addressed by the MD/CEO, IBTC-Chartered Bank, Mr. Peterside Atedo, in company of Ladi Balogun, MD, First City Monumental Bank (FCMB), Falalu Bello MD, Unity Bank Plc, Mr. Ignatius Imala Director, Banking Supervision Department, CBN and Mr. Festus Odoko, Head Corporate Affairs, CBN, after the Bankers' Committee Meeting held at the Central Bank of Nigeria (CBN) Lagos, Tuesday June 26, 2007. See details here.]]> Thursday, June 28, 2007 The Governor, Central Bank of Nigeria, Prof. Chukwuma C. Soludo has clarified pertinent issues concerning the state of affairs of the Spring Bank PLC and the general situation of the banking sector.

President Yar' Adua Monday June 18, 2007, declares the International Conference on the Financial System Strategy 2020 (FSS2020) open, reiterating that building a strong and virile economy remains the priority of his administration. Click here for documents presented at the event.]]> Wednesday, June 13, 2007
The International Conference on the Financial System Strategy 2020 (FSS2020) is scheduled to hold from June 18 to 20, 2007, at the Trancorp Hilton, Abuja. The Conference which will be attended by experts from various parts of the world is expected to share experiences of other International Financial Centres from both the developed and emerging markets. Strategies for an integrated and sound financial system that will ensure that Nigeria joins the league of top 20 largest economies in the world by the year 2020 will also be explored at the conference.]]> Sunday, June 10, 2007 Prof Chukwuma C. Soludo, CFR, on the 24th of May 2007 launched the Security Dealing Room in Lagos,Nigeria. He presented the Operational Procedures for Money Market Dealers and the Guidelines for Dealership in Money Market Instruments.]]> Wednesday, May 30, 2007 click here for more]]> Wednesday, May 30, 2007 here for details.]]> Wednesday, April 04, 2007 The Central Bank of Nigeria (CBN) issues new notes and coins on February 28, 2007. The new currency includes N5, N10, N20, and N50 notes which are issued in regular paper notes except the N20 that is in polymer form, while the new 50k, N1, and N2 coins are light weight. Click here for details of the new notes or here for the additional information. Download and print the flyer.]]> Wednesday, January 31, 2007 the following positions. Note: It is advised that, where possible, all applications be made online through the online form provided on the website. Applications will not be accepted after 9th March, 2007.]]> Wednesday, January 31, 2007 President Olusegun Obasanjo on Thursday, December 21, 2006 at the International Conference Centre, Abuja conferred the National Honour of Commander of the Federal Republic, CFR on the Governor, Professor Chukwuma Soludo. Professor Soludo was among the list of 272 distinguished Nigerians so honoured by President Obasanjo.]]> Friday, December 22, 2006 Click Here For His Speech]]> Wednesday, December 13, 2006 Click Here For His Speech]]> Friday, December 08, 2006 The Governor, Central Bank of Nigeria (CBN), Prof. Chukwuma C. Soludo called for Constitutional amendment relating to sections dealing with the distribution of oil revenue, if proceeds derived from oil and other natural resources are to be prudently managed. Click Here For More]]> Thursday, November 30, 2006 The occasion of the Founders Day of the University of Benin presented an opportunity for deeper reflection on the dreams and aspirations of the founders of the institution, The University was established to, among other things, help to think Nigeria out of its underdevelopment. Focusing on the journey so far, Prof. Soludo chose China as a metaphor to frame the issue of Nigeria's challenges ahead. Click Here For His Speech]]> Thursday, November 30, 2006 Click here for more on the conference.]]> Tuesday, November 28, 2006 The Governor of the Central Bank of Nigeria, Professor Charles Soludo, will, beginning from 9th November 2006, continue his campaign across the world on Nigeria's economic reform as he addresses conferences in Nairobi, Kenya, and the University of Pennsylvania, Philadelphia, United States, where he will be the keynote speaker at the 2006 Wharton African Business Forum of the University. Click here for more.]]> Tuesday, October 17, 2006 3rd Conference of Regulators and External Auditors of Financial Institutions in Nigeria.]]> Tuesday, October 17, 2006 The Governor, Central Bank of Nigeria (CBN), Prof. Charles C. Soludo has once more reiterated the need to refocus on price stability as the pre-eminent function of the CBN, more so given the recent massive consolidation of the
banking sector. The Governor made this known at the 11th Monetary Policy Forum, which took place at the Corporate Headquarters, Abuja. According to him, the era when the CBN was overwhelmed by regulatory and supervisory functions
was over, noting that such roles are only tangential. Prof. Soludo explained that low and stable inflation, in addition to a robust financial system are essential ingredients for the conduct effective monetary policy. He noted that in an economy where more that 70% of the loan able funds with deposit money banks are made up of short term fund ranging
tenor from 30 to 90 days tenure; banks will be unwilling to fund long term investment. For more on the Forum, see past event]]> Tuesday, October 17, 2006 Some top management staff of Reserve Bank of Zimbabwe(RBZ) led by its Deputy Governor, Licencing, Supervision and Surveillance Division, Dr. Charity L. Dhilwayo are on a study visit to the CBN between 9-30/10/2006 to learn from our experience in the areas of banking consolidation, Supervision and failed banks management. The picture (inset) shows Mr. Tunde Lemo, the CBN DG (FSS), Mr. O. I. Imala, the DBS and other staff of the Banking Supervision Dept, and the visiting DG and her Management team from the RBZ.]]> Tuesday, October 17, 2006 The President, Chief Olusegun Obasanjo has commended the Governor, Board and Management of the Central Bank of Nigeria (CBN), for taking the services of Central Banking closer to economic agents in all parts of the Federation. President Obasanjo stated this over the weekend while performing the foundation laying ceremony of the CBN branch building at Awka, Anambra State. He further expressed joy that with the establishment of Awka Branch of CBN, services such as Agricultural Credit Guarantee Scheme (ACGS) and Microfinance services will be of immense benefits to a mercantile State like Anambra with high concentration of small and medium enterprises. This development, according to President Obasanjo would go along way to provide employment and promote economic growth, thereby reducing poverty among the citizens.]]> Tuesday, October 17, 2006
The Governor of the Central Bank of Nigeria, Prof Chukwuma C. Soludo, CFR, on the 10th of May 2007 spoke on the Obasanjo Legacy and the Challenge ahead at the Nigeria Development Forum. His paper titled "From a Pariah, Failed State to an Emerging Market Economy: The Obasanjo Legacy and the Challenge Ahead"]]> Tuesday, October 17, 2006 See Details]]> Wednesday, October 04, 2006 Read More]]> Tuesday, October 03, 2006 Guidelines for Primary Dealership in Money Market Instruments.
]]> Thursday, August 31, 2006 guidelines to assist banks in developing their risk management framework for individual risk elements. As a draft guideline, we invite your inputs to further enrich the document. In this regard, please submit your suggestions to the undersigned not later than 11th September, 2006.
]]> Monday, August 28, 2006 his presentation of progress report on Monetary and Exchange Rate Policy focused on the core mandates of Central Bank of Nigeria which focuses on macroeconomics management...Key prices(interest rate, exchange rate, inflation) , credit and payment system to ensure non-inflationary economic growth and efficient payment systems. Tangentially on institutional reforms, including Banking system reforms. He outline the objective, context and achievements in issuance of Legal Tender (currency management), management of external reserves, price and money stability exchange rate and forex management.]]> Friday, August 25, 2006 Friday, August 25, 2006 This Press Release statement was released on June 6, 2006 by the head, Corporate Affairs.]]> Friday, August 25, 2006 Central Bank of Nigeria Diaspora Collaborative Research Program (DCRP) and Visiting Research Scholars Program(VRSP). The DCRP/VRSP will be awarded to annually commencing from 2006. Successful candidates will be required to carry out a short-term research assignment ranging from four(4) weeks to twelve(12).]]> Friday, August 25, 2006 The report analyses developments in the financial, fiscal, real and external sectors of the economy as well as international economic issues of interest.]]> Friday, August 25, 2006 Friday, August 25, 2006 Prof. Soludo disclosed that N5, N10, N20 and N50 notes would be redesigned and re-issued before the end of the year. The Bank would introduce N2 coins into the system. A bill has been proposed to make mutilation of notes a punishable offense.]]> Friday, August 25, 2006 February 21st 2006, Prof. Soludo at the end of the Bankers Committee meeting in Lagos, launched the Nigeria Cheque Standard and Cheque Printers Accreditation Scheme. During his speech, the Governor reiterated the need for Banks and other financial institutions to adopt the standards to ensure that Nigerian cheques maintain international standards.]]> Friday, August 25, 2006 The Central Bank of Nigeria has introduced N1000 (One thousand naira currency note) into circulation on October 12th, 2005. The new note has the portraits of Alhaji Aliyu Mai Bornu & Dr. Clement Isong. Click here for security features of the new note.]]> Friday, August 25, 2006 Frequently Asked Questions (FAQs)]]> Friday, August 25, 2006