CBN Clarifies NRBVN Charges for Nigerians in Diaspora, Reaffirms Commitment to Financial Inclusion. 1/10 The Central Bank of Nigeria (CBN) has clarified recent speculations regarding charges related to the newly launched Non-Resident Bank Verification Number (NRBVN) platform, affirming that no hidden fees have been introduced and that the BVN enrolment for Nigerians residing within the country remains entirely free of charge. 2/10

#CBN Governor, Mr. Godwin #Emefiele, launched the Financial Literacy eLearning Platform, #SabiMONI, with the declaration that the Bank is determined to meet the target of 95% financial inclusion by 2024. 1/5 #SabiMONI portal will serve as a repository of information not only for learners and trainers but also for researchers in the most effective manner. 2/5

CBN Governor, Mr. Godwin Emefiele, says the measures taken by the CBN MPC so far to rein in inflation have been potent and are yielding the expected outcome. #CBNMPC #Emefiele restates optimism that Nigeria will attain the desired level of financial inclusion by 2024.

Central Bank of Nigeria (CBN), Mr. Godwin Emefiele unveils the first African Central Bank-led National Domestic Card Scheme – AfriGo; says the new card scheme will be accessible to all Nigerians and also address our local peculiarities. #NationalDomesticCardScheme #AfriGo “The domestic card scheme is expected to strengthen the national payments system and deepen the usage of electronic platforms in Nigeria” - #Emefiele

#CBNMPC votes to raise MPR by 100 basis points from 16.5% to 17.5%
Retains Cash Reserve Ratio (CRR) at 32.5%, Liquidity Ratio (LR) at 30.0% and Asymmetry Corridor at +100/-700 basis points around the MPR CBN Governor, Emefiele, maintains stance on the January 31, 2023 deadline for the deposit of old N200, N500, and N1,000 banknotes; says CBN staff and bank agents all over Nigeria on sensitization and currency swap with a specific focus on rural areas and the underserved

#CBN Governor, Godwin Emefiele delivers #CIBN Annual lecture; outlines policy thrust for 2023.

Emefiele expresses optimism that the short-term outlook of the Nigerian economy remains good. #CBN Governor urges Nigerians to find imaginative solutions to build a country where balanced growth and shared prosperity is guaranteed for all.

#Emefiele says monetary policy will remain focused on the objectives of price, monetary, and exchange rate stability.

#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

#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

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

#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. Manufacturing industries have been a key focus of the efforts by the monetary and fiscal authorities towards driving recovery of the Nigerian economy. #Emefiele

#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.

#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

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

#CBN and Bankers' Committee take over rehabilitation work at the National Theatre, Iganmu, Lagos. 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

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#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.

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#CBN #MPC retains CRR at 27.50 per cent #CBN #MPC retains liquidity ratio at 30 per cent

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#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

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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

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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.

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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.