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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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May 26, 2021 7 tweets 3 min read
#Emefiele says 1tn Naira made available to manufacturing and agric sectors - 856bn has been disbursed to 77 companies; 36 Agro-based, 30 in services and 11 in mining tailored towards employment generating and output stimulating sectors of the economy at 5% interest rate. #CBNMPC
Apr 29, 2021 9 tweets 4 min read
#CBN Governor, #Emefiele says First Bank of Nigeria is one of Nigeria’s systemically important banks given its historical significance, balance sheet size, large customer base and high level of interconnectedness with other financial service providers. #FBN #CBN directs immediate removal of all Directors of @FirstBankngr Ltd and @FBN Holdings Plc
Mar 6, 2021 8 tweets 3 min read
Consistent with the global trend, Nigeria aspires to ensure that remittance flows and diaspora investments become a significant source of external financing. #Emefiele #CBN strives to constantly improve our remittance infrastructure, ease the process of international money transfer and simplify the experience for senders and recipients. #Emefiele
Mar 6, 2021 6 tweets 3 min read
#Emefiele hosts the signing of local production contract between P&G and Colori Cosmetics Nigeria, for the localization of manufacturing of Oral B products by P&G in Nigeria, as part of commitment by the #CBN to strengthen the manufacturing sector. Adil Farhat, P&G Managing Director for Nigeria;  Godwin Emef Manufacturing industries have been a key focus of the efforts by the monetary and fiscal authorities towards driving recovery of the Nigerian economy. #Emefiele
Feb 14, 2021 7 tweets 2 min read
#Emefiele leads the Bankers’ Committee to sign MOU for the handover of the National Arts Theater, Iganmu, Lagos. #Emefiele says revamping the National Arts Theatre will unlock the creative talents of hundreds of thousands of Nigerian youths in the fields of music, movie, fashion and information technology.
Oct 15, 2020 5 tweets 2 min read
#CBN Interventions in Cotton Textile and Garment sector is designed to resuscitate and return the Textile industries back to its glory days, creating jobs, diversifying Nigeria's economy and achieving self-sufficiency in cotton production. Over N120b invested across CTG value chain with over 320,000 farmers financed between 2016 - 2020 #CBN
Aug 28, 2020 7 tweets 1 min read
CBN Approves Final Licenses to Three (3) Payment Service Banks....cbn.gov.ng/Out/2020/CCD/A… The Central Bank of Nigeria (CBN) on August 27, 2020 revised the Guidelines for the Licensing and Regulation of Payment Service Banks in Nigeria first issued on October 26, 2018
Jul 12, 2020 9 tweets 3 min read
#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
Jun 18, 2020 5 tweets 2 min read
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.
May 28, 2020 9 tweets 6 min read
Thread:
#CBN #MPC retains CRR at 27.50 per cent #CBN #MPC retains liquidity ratio at 30 per cent
Mar 18, 2020 9 tweets 4 min read
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
Mar 16, 2020 12 tweets 8 min read
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
Dec 24, 2019 7 tweets 3 min read
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.
Dec 22, 2019 6 tweets 3 min read
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.