The Minister of foreign affairs Geoffrey Onyeama on Monday May 18, announced that the Central Bank of Nigeria (CBN) and Nigerian National Petroleum Corporation (NNPC) will take care of the hotel accommodation and feeding bills of Nigerians who were recently evacuated from countries they were stranded in. It was reported earlier that the evacuees were directed by the federal government to pay N297,000 for their 14-day mandatory isolation. However following the criticism the directive sparked off, Onyeama said he …
Tag: CBN
The Governor of the Central Bank of Nigeria, Godwin Emefiele has disclosed that the apex bank will be funding a research for a Nigerian Coronavirus vaccine. The CBN Governor 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, science institutions and biotechnology firms to develop the Nigerian Vaccine.” Emefiele also revealed that the CBN recently launched a N100bn …
The Central Bank of Nigeria(CBN) is scheduled to roll over maturing bills worth N208bn through the Primary Market Auction across the 91-day (N24.4bn), 182-day (N38.8bn) and 364-day (N145.5bn) tenors. The CBN is also expected to mop up excess liquidity via Open Market Operation auctions this week. Analysts at Afrinvest Securities Limited said the treasury bills secondary market might sustain its bearish run as investors took a position in the PMA offer and potential OMO offerings at more attractive yields. Last …
The Central Bank of Nigeria( CBN ) has cautioned Nigerians, especially youths and owners of small-scale businesses against fraudulent messages on social media requesting loan seekers to apply for a loan in their name. The bank gave the warning in a statement on Monday in Abuja issued by its Director, Corporate Communications Department, Mr Isaac Okorafor. Okorafor advised the general public to disregard messages requesting them to send their personal details for any loan. “Their attention has been drawn to …