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The official Twitter channel of the Central Bank of Nigeria. We ensure price and financial system stability and promote sustainable economic development.
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12 Jul 20
#CBN and Bankers' Committee take over rehabilitation work at the National Theatre, Iganmu, Lagos. L-R: Minister of Youth and Sports, Mr Sunday Dare; Minister
Facility will help in unleashing the creative talents of Nigeria’s youths across multiple sectors and in supporting Mr.President's objective of creating new employment opportunities for Nigerians. #Emefiele
Harnessing the talents of our youths in the creative industries, will lead to the buildup of a more resilient economy #Emefiele
Read 9 tweets
18 Jun 20
Thread:
#CBN Unveils plans to release a framework for the integration of non-interest window in all its intervention programmes
particularly the Anchor Borrowers’ Programme (ABP) and the Targeted Credit Facility (TCF) to support households and Micro, Small and Medium Enterprises (MSMEs) affected by the COVID-19 pandemic.
#CBN earmarks N432bn to fund the value chains of nine commodities in the 2020 wet season farming.
Read 5 tweets
28 May 20
Thread:
#CBN #MPC retains CRR at 27.50 per cent
#CBN #MPC retains liquidity ratio at 30 per cent
#CBN #MPC retains Asymmetric Window at +200 and -500 basis points around the MPR
Read 9 tweets
12 May 20
Thread:
#CBN develops framework for grants and long-term facilities to researchers, science institutions and biotechnology firms to develop Nigerian Vaccine for Corona Virus.
#COVID19 #Emefiele says CBN will support development of vaccine ONCE validated by the Health Authorities
#Emefiele challenges Nigerian Scientists across the world to develop a Nigerian vaccine to check corona virus
Read 3 tweets
18 Mar 20
Thread:
#CBNResponsetoCOVID19 #COVID19 #CBN to Inject additional N1 Trillion Stimulus in Economy
#CBNResponsetoCOVID19 #COVID19 Emefiele, Bank Chiefs meet on March 21, 2020 to strategize on Stimulus Plan
#CBNResponsetoCOVID19 #COVID19 CBN to boost health sector with additional N100b loan
Read 9 tweets
16 Mar 20
Thread:
CBN Gov, #Emefiele restates commitment of Central Bank of Nigeria to support household, businesses, other stakeholders to cushion economic impact of corona virus #CBNResponsetoCOVID19 #COVID19
CBN grants one-year moratorium on all principal repayments on all CBN intervention facilities #CBNResponsetoCOVID19 #COVID19Nigeria
CBN directs participating financial institutions to provide new amortization schedule for all beneficiaries of CBN intervention facilities #CBNResponsetoCOVID19 #COVID19Nigeria
Read 12 tweets
24 Dec 19
A Thread
To guard against excess, unapproved or arbitrary charges by banks and other financial institutions, the Guide to Bank Charges stipulates a penalty of N2,000,000 per infraction
or as may be determined by the #CBN from time to time for financial institutions that breach any provision of the guide.
The guide also emphasizes that failure by any bank to comply with CBN’s directive in respect of any infraction shall attract a further penalty of N2,000,000 daily
Read 7 tweets
22 Dec 19
A Thread
In a bid to encourage financial inclusion and to reduce the burden of bank charges on consumers of financial service
#CBN has issued a revised Guide to Charges by Banks, Other Financial and Non-Bank Financial institutions in response to the evolution in the financial industry over the last few years.
#CBN new guide includes, amongst others; downward review of charges for electronic banking transactions.
Review of other bank charges to align with market developments
Read 6 tweets