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Exposure of Draft Recommendation For Time Bar on Consumer Complaints -Friday, July 25, 2014
The Central Bank of Nigeria (CBN) in implementing its consumer protection initiatives, observed that timely resolution of complaints from consumers against Financial Service Producers (FSPs) within the regulated timeline has been a major challenge for the Bank, FSPs and consumers. Amongst other issues, availability and access to supporting documents were identified by stakeholders as a major setback for the timely resolution of complaints.
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CBN not conducting any General Recruitment Exercise -Thursday, July 24, 2014

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Central Bank of Nigeria Communique No. 96 of the Monetary Policy Committee Meeting, July 21-22, 2014 -Tuesday, July 22, 2014

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2013 Survey Of Foreign Assets And Liabilities (SOFAL) Questionnaire -Thursday, July 17, 2014

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Invitation For The Expression Of Interest As Contractors For Supply Of Medical Equipment/Drugs And Consumables To The Central Bank Of Nigeria Clinics -Friday, July 11, 2014

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Invitation For The Submission Of Expression Of Interest For The Supply Of Vehicles To The Central Bank Of Nigeria -Friday, July 11, 2014

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Extension of Time for Compliance with the New Requirements for the Operation of Bureau de Change in Nigeria -Tuesday, July 08, 2014

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CBN Rolls Out Cash-Less Policy On July 1, 2014, Postpones Withdrawal Charges In 30 States -Tuesday, June 24, 2014

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Press Release on New Requirements for BDCs -Monday, June 23, 2014

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Emefiele Reorganizes CBN..Reshuffles Deputy Governors -Wednesday, June 18, 2014

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CBN Maintains Highest Level in Information Security Standard (ISO27001) Compliance -Wednesday, June 11, 2014
The Central Bank of Nigeria (CBN) has maintained the highest level in information Security Standard (ISO 27001) compliance since being certified in July, 2013.
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Entrenching Macroeconomic Stability And Engendering Economic Development In Nigeria By Godwin I.Emefiele, Governor, Central Bank Of Nigeria -Thursday, June 05, 2014

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Phase III Nationwide Rollout Of Cashless Policy: Extension To 30 Remaining States -Wednesday, June 04, 2014

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Governor Emefiele Assumes Office... To unveil Agenda June 5 -Tuesday, June 03, 2014

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Central Bank of Nigeria Communique No. 95 of the MPC Meeting of May 19 and 20, 2014 with Personal Statements of Members -Monday, June 02, 2014
The Monetary Policy Committee (MPC) met on 19th and 20th May, 2014 against the backdrop of continuing modest recovery in the US economy, lingering fragile recovery in Europe, slowing output growth in the emerging market economies and possible risks to domestic price stability.
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All Authorised Dealers: Payments for repartriated foreign exchange/unutilized RDAS -Wednesday, May 28, 2014
This is to inform all authorised dealers that from June 1, 2014, all payments for repartriated foreign exchange/unutilized RDAS will now be paid in bulk
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Central Bank of Nigeria Communique No. 95 of the MPC Meeting of May 19 and 20, 2014 -Tuesday, May 20, 2014
The Monetary Policy Committee (MPC) met on 19th and 20th May, 2014 against the backdrop of continuing modest recovery in the US economy, lingering fragile recovery in Europe, slowing output growth in the emerging market economies and possible risks to domestic price stability. In attendance were 9 members including Mr. Adebayo Adelabu, the new Deputy Governor, Financial System Stability. The Committee considered major developments in both the global and domestic economies up to May 2014, a
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The Nigerian Economic Society Call For Papers -Monday, May 19, 2014

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World Economic Forum Holds side meeting on “Promoting Global Financial Inclusion Summit on Africa’ -Thursday, May 15, 2014
The Acting Governor, Dr. (Mrs.) Sarah Alade participated at a Media Chat on 'Promoting Global Financial Inclusion in Africa'
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Guidelines for Card Issuance and Usage in Nigeria -Monday, May 12, 2014

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Central Bank of Nigeria Communique No. 94 (With Personal Statements of the Members) of the Monetary Policy Committee Meeting, March 24-25, 2014 -Monday, April 07, 2014
The Monetary Policy Committee (MPC) met on March 24 and 25, 2014 against the backdrop of challenging monetary policy environment; particularly, in the emerging markets and developing economies; coupled with the unfolding risks to stability in the domestic economy. In attendance were 9 members. The Committee reviewed key developments in both the global and domestic economies up to March 2014, and the outlook for the rest of the year.
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Re-Printed Banks & Other Financial Institutions Act 1991 (As Amended in 1997, 1998, 1999, 2002) -Monday, April 07, 2014
Please find correct version of the Banks & Other Financial Institutions Act 1991 (As Amended in 1997, 1998, 1999, 2002) reprinted in view of the errors observed in the complied Laws of the Federation(LFN), 2004 and 2010 editions.
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Updated List of Licensed Custodians -Friday, March 28, 2014
Updated List of Licensed Custodians
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Central Bank of Nigeria Communique No. 94 of the Monetary Policy Committee Meeting, March 24-25, 2014 -Tuesday, March 25, 2014
The Monetary Policy Committee (MPC) met on March 24 and 25, 2014 against the backdrop of challenging monetary policy environment
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Press Release: Fire Incident at CBN Lagos Branch -Tuesday, March 25, 2014

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Submission of sample cheques, pre and post production -Monday, March 17, 2014
Submission of sample cheques, pre and post production
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List of licensed Custodians -Friday, March 14, 2014
List of licensed Custodians
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Press Briefing by Dr. (Mrs) S. O. Alade, Acting Governor, Central Bank of Nigeria -Friday, February 21, 2014

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Invitation to Bid for Obsolete Items in Some Locations of the Central Bank of Nigeria -Friday, February 21, 2014

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CBN on Governor's Suspension -Thursday, February 20, 2014

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Exposure Draft Guidelines for Card Issuance in Nigeria -Friday, February 14, 2014
Exposure Draft Guidelines for Card Issuance in Nigeria
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Invitation To Tender For The Printing Of The CBN 2013 Annual Report -Thursday, February 06, 2014

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Overview Of The Nigeria Mortgage Refinance Company (NMRC) -Wednesday, February 05, 2014

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Central Bank of Nigeria Communique No. 93 of the Monetary Policy Committee Meeting of Monday 20 and Tuesday 21 January, 2014 With Personal Statements -Thursday, January 30, 2014
The Monetary Policy Committee (MPC) met on January 20 and 21, 2014 against the backdrop of uncertainties in the global economy, especially arising from the commencement of the QE3 tapering by the Fed.
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Release of Information Technology (IT) Standards to the Industry -Wednesday, January 15, 2014

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Press Release on Purported Letter to The President -Thursday, December 12, 2013
The attention of the Central Bank of Nigeria has been drawn to an emerging public discourse around a letter purportedly written by the Governor to His Excellency the President of the Federal Republic of Nigeria, Dr. Goodluck Ebele Jonathan, GCFR
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Circular to all Banks and Discount Houses on the Implementation of Basel II/III in Nigeria -Wednesday, December 11, 2013
Commencement of the Implementation of Basel II Capital Measurement for Banks and Discount Houses
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Circular to all Banks and Discount Houses on the Implementation of Basel II/III in Nigeria -Wednesday, December 11, 2013
Commencement of the Implementation of Basel II Capital Measurement for Banks and Discount Houses
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Central Bank of Nigeria Communique No 92 of The Monetary Policy Committee Meeting of Monday 18th and Tuesday 19th November, 2013. -Tuesday, November 19, 2013
The Monetary Policy Committee (MPC) met on November 18 and 19, 2013 against the backdrop of widespread uncertainties and risks of deflation in the global economy but stable domestic macroeconomic conditions.
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Invitation For Bid For The Implementation Of The National Baseline Survey On Financial Literacy -Thursday, November 14, 2013

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CBN receives ISO 27001:2005 Certification -Wednesday, October 30, 2013

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Invitation To Bid For MICR Machines In Twenty Three Branches Of The Central Bank Of Nigeria -Wednesday, October 09, 2013

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Central Bank of Nigeria Communique No. 91 of the Monetary Policy Committee of Monday and Tuesday, September 23 and 24, 2013 With Personal Statements -Tuesday, September 24, 2013

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Central Bank Of Nigeria Invitation For The Prequalification For The Provision Of Total Facilities Management Services At Central Bank Of Nigeria -Friday, September 20, 2013

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Invitation To Tender For The Design, Installation And Commissioning Of a Secured Executive Briefing Center and Installation Of Telepresence Solution In Abuja & Lagos Offices Of CBN -Thursday, September 19, 2013

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The 234th meeting of the Monetary Policy Committee (MPC) to hold on Monday 23rd and Tuesday 24th September, 2013 -Wednesday, September 18, 2013

International Conference on Payments System, Theme: Payment System in Nigeria - The Changing Landscape and Vision 2020. September 16th and 17th, 2013 -Wednesday, August 28, 2013

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Request For Expression Of Interest (EoI) To Undertake Repair Works On The Central Air-Conditioning System At CBN Lokoja Branch -Monday, August 26, 2013

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Okonjo-Iweala inaugurates Sarah Alade-led NEXIM Board -Friday, August 23, 2013

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D-8 Secretariat Commends Sanusi -Tuesday, August 20, 2013

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Guidelines For The Operation Of Micro, Small And Medium Enterprises Development Fund For Nigeria -Friday, August 16, 2013

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Foreign Exchange Market (WDAS) Auction No. 058/2013 -Monday, August 05, 2013

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Central Bank of Nigeria Communique No. 90 of the Monetary Policy Committee meeting of Monday and Tuesday, July 22 and 23, 2013 (with Personal Statements) -Thursday, August 01, 2013
The Monetary Policy Committee met on July 22 and 23, 2013 with 10 out of the 12 members in attendance. A new member, Mr. Stephen O. Oronsaye, who is a Board member, replaced Professor Sam Olofin whose tenure as a Board member had expired. The Committee reviewed the economic conditions and challenges that confronted the domestic economy in the first half of the year, particularly since the last MPC meeting in May 2013. It also re-evaluated the short-to-medium term risks to inflation, domestic out
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Revocation Of The Operating Licence Of Express Discount Limited -Friday, July 26, 2013

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Monetary Policy Committee Communique No. 90, July 22-23, 2013 -Tuesday, July 23, 2013
The Monetary Policy Committee met on July 22 and 23, 2013 with 10 out of the 12 members in attendance. A new member, Mr. Stephen O. Oronsaye, who is a Board member, replaced Professor Sam Olofin whose tenure as a Board member had expired. The Committee reviewed the economic conditions and challenges that confronted the domestic economy in the first half of the year, particularly since the last MPC meeting in May 2013. It also re-evaluated the short-to-medium term risks to inflation, domestic out
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The 233rd Meeting of The Monetary Policy Committee(MPC) to hold on Monday 22nd and Tuesday 23rd July, 2013. -Friday, July 12, 2013

Invitation To Tender For The Design, Implementation and Commissioning of Information Technology Integrated Regulatory Application In The Central Bank of Nigeria -Friday, July 12, 2013

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Submission of Fraud Report on Electronic Channels using a Common Portal for the Industry -Thursday, July 04, 2013
Submission of Fraud Report on Electronic Channels using a Common Portal for the Industry
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West African Monetary Agency Vacancy Announcement -Thursday, June 27, 2013

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Press Release on Alleged Freezing of Accounts -Friday, June 21, 2013
The attention of the Central Bank of Nigeria (CBN) has been drawn to some reports being circulated in the media to the effect that the CBN had ordered the freezing of the accounts of some religious organizations, citing alleged suspicion of links with terrorist groups.
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Central Bank of Nigeria Communique No. 89 of the Monetary Policy Committee (with Personal Statements of members) of Monday and Tuesday, May 20 and 21, 2013 -Friday, June 07, 2013
The Monetary Policy Committee met on May 20 and 21, 2013 with 10 out of the 11 members in attendance. The Committee reviewed the conditions and challenges that confronted the domestic economy in the first five months of 2013, and reassessed the short-to-medium term monetary policy options in the light of the fragile global economic and financial environment.
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Sanusi Bags Hat Trick Of Central Bank Governor Of The Year Award -Wednesday, May 29, 2013

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Expression Of Interest (EOI) For Provision Of Financial Consultancy Services -Friday, May 24, 2013
The Central Bank of Nigeria (CBN), on behalf of the Federal Government of Nigeria, is facilitating the development of a world class international convention center in Abuja metropolitan area. The project involves the construction of auditoria, exhibition centers, business centre and a five (5) and (3) star hotel complexes.
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Invitation To Tender For The Design, Implementation And Commissioning Of Information Technology Integrated Regulatory Application In The Central Bank Of Nigeria -Friday, May 24, 2013
1. The Central Bank of Nigeria (hereafter referred to as “CBN” or the “Bank” being the apex Bank of the country, occupies a central position in the economic and social development of Nigeria. In order to fulfil its vision of ensuring Financial System stability is desirous of deploying a new suite of applications to support its regulatory functions.
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Invitation For The Prequalification Of The Contractors For The Supply Of Information Technology(IT) Hardware And Consumables Under Year 2013 Budget -Friday, May 24, 2013
The Central Bank of Nigeria is desirous to undertake a pre-qualification exercise for the provision of IT Hardware and Consumables to the Bank under the 2013 budget.
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Press Release on Misrepresentation of MPC Communique -Wednesday, May 22, 2013
The Central Bank of Nigeria (CBN) has noted with concern the lead story in an Abuja-based newspaper today, Wednesday, May 22, 2013, with the headline “Sanusi Condemns Emergency Rule”.
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Central Bank of Nigeria Communique No. 89 of the Monetary Policy Committee (with Personal Statements of members) of Monday and Tuesday, May 20 and 21, 2013 -Tuesday, May 21, 2013
The Monetary Policy Committee met on May 20 and 21, 2013 with 10 out of the 11 members in attendance. The Committee reviewed the conditions and challenges that confronted the domestic economy in the first five months of 2013, and reassessed the short-to-medium term monetary policy options in the light of the fragile global economic and financial environment.
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Central Bank of Nigeria Communique No. 89 of the Monetary Policy Committee Meeting of Monday and Tuesday, May 20 and 21, 2013 -Tuesday, May 21, 2013
The Monetary Policy Committee met on May 20 and 21, 2013 with 10 out of the 11 members in attendance. The Committee reviewed the conditions and challenges that confronted the domestic economy in the first five months of 2013, and reassessed the short-to-medium term monetary policy options in the light of the fragile global economic and financial environment.
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Central Bank of Nigeria Communique No. 89 of the Monetary Policy Committee Meeting of Monday and Tuesday, May 20 and 21, 2013 -Tuesday, May 21, 2013
The Monetary Policy Committee met on May 20 and 21, 2013 with 10 out of the 11 members in attendance. The Committee reviewed the conditions and challenges that confronted the domestic economy in the first five months of 2013, and reassessed the short-to-medium term monetary policy options in the light of the fragile global economic and financial environment.
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CBN Committed to Effective Electronic Payments System - Sanusi -Tuesday, May 21, 2013
Governor of the Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi, CON, says the Bank remains committed to realizing the vision of providing Nigeria with a secure, robust and accessible payment infrastructure.
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Request for Expression of Interest: Shared Backup Power Infrastructure Service Provision -Friday, May 17, 2013

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Request for Expression of Interest: Shared Data Centre & Disaster Recovery Infrastructure Service Provision -Friday, May 17, 2013

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Extension of Cash-less Policy to Five States and the FCT -Friday, May 17, 2013
Extension of Cash-less Policy to Five States and the FCT
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Press Release on the Proceedings of the Public Accounts Committee (PAC) of the House of Representatives -Thursday, May 09, 2013
The attention of the Management of the Central Bank of Nigeria (CBN) has been drawn to a syndicated and spurious report by sections of the media on the proceedings of the Public Accounts Committee (PAC) of the House of Representatives, where officials of the CBN appeared on Tuesday, 7th May, 2013.
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Prequalification of Contractors for the Development of CBN Property at No. 8 Tinubu street, Lagos under 2013 Budget -Monday, May 06, 2013
The Central Bank of Nigeria proposes to undertake, under its 2013 Capital Projects, the development of its property at No. 8, Tinubu street, Lagos (REF: CBN/CDP/2013/23).
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BURIAL ARRANGEMENT OF MR P.J OBASEKI -Wednesday, April 24, 2013
With heavy hearts, we announce the demise of Mr Obaseki Peter Johnson Retired Deputy Director who passed on to the great beyond on April 12, 2013. Until his retirement in June 2011, Mr. Obaseki served the Bank in various capacities. He was Special Adviser to the Deputy Governor (Economic Policy) and also worked in Research and Monetary Policy Departments at various times during his working career.
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Invitation To Tender For The Design, Implementation And Commissioning Of Information Technology Disaster Recovery Solution (DRS) In The Central Bank Of Nigeria -Tuesday, April 09, 2013

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Invitation to Tender for the Data Center Infrastructure Automation/Management and Network Operations Center Solution (NOC) in the Central Bank of Nigeria -Tuesday, April 09, 2013

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Press Release on False CBN Recruitment 2013 -Friday, April 05, 2013
The attention of the Central Bank of Nigeria (CBN) has been drawn to a job recruitment advertisement titled, CENTRAL BANK OF Nigeria (CBN) RECRUITMENT 2013, posted on the website: jobsnigeria2013.com and claiming to be acting on behalf of the CBN.
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Invitation For The Submission Of Expression Of Interest And Quotations For The Supply Of Vehicles To The Central Bank Of Nigeria -Wednesday, April 03, 2013
The Central Bank of Nigeria requires the supply of vehicles to the Bank under the 2013 budget. Consequently, the Bank wishes to invite accredited dealers in Toyota vehicles and Honda vehicles, Water Tankers and Heavy Duty trucks dealers to submit expression of interest and quotations for the supply of the following Vehicles:
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IDP Settled Caims -Wednesday, April 03, 2013
IDP Settled Claims
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CBN Denies Fake Social Media Accounts -Tuesday, March 26, 2013
The attention of the Central Bank of Nigeria (CBN) has been drawn to various postings on social media platforms (Facebook, Twitter, and so on), purported to have been made by the CBN Governor, Mallam Sanusi Lamido Sanusi.
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Central Bank of Nigeria Monetary Policy Communique No. 88 with Personal Statements of MPC members -Friday, March 22, 2013
Central Bank of Nigeria Communique No. 88 of the Monetary Policy Committee Meeting of Monday and Tuesday, March 18 and 19, 2013
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Extension of the Deadline for Compliance with The Revised Microfinance Policy Regulatory and Supervisory Framework for Nigeria -Wednesday, March 20, 2013
Extension of the Deadline for Compliance with The Revised Microfinance Policy Regulatory and Supervisory Framework for Nigeria
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Extension of the Deadline for Compliance with The Revised Guidelines for Primary Mortgage Banks -Wednesday, March 20, 2013
Compliance with The Revised Guidelines for Primary Mortgage Banks
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Central Bank of Nigeria Communique No. 88 of the Monetary Policy Committee Meeting of Monday and Tuesday, March 18 and 19, 2013 -Tuesday, March 19, 2013
Central Bank of Nigeria Communiqué No. 88 of the Monetary Policy Committee Meeting of Monday and Tuesday, March 18 and 19, 2013
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Exposure Draft Of The Regulatory And Supervisory Framework For The Operations Of A Mortgage Re-Finance Company (MRC) -Wednesday, March 13, 2013
Exposure Draft of the Regulatory and Supervisory Framework for the Operations of a Mortgage Re-Finance Company (MRC)
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Invitation To Tender For The Printing Of 15,000 Copies Of The National Microfinance Development Strategy Document -Thursday, February 28, 2013

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Implementation of the Nigerian Sustainable Banking Principles (NSBP) by CBN -Friday, February 15, 2013
Implementation of the Nigerian Sustainable Banking Principles (NSBP)
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Monetary Policy Review February 2013 -Friday, February 01, 2013
Monetary policy environment in the review period was characterized by the complex challenge of managing the threat of inflationary pressure in the face of slowdown in output. It had been anticipated that movements in prices would show reasonable deceleration towards the end of the second half of 2012 as the effects of the partial removal of fuel subsidy in January 2012 waned.
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Communique No 87 of the MPC of 21st January 2013 (with personal statement of members) -Wednesday, January 23, 2013

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Communique No. 87 of the Monetary Policy Committee Meeting of Monday, January 21, 2013 -Tuesday, January 22, 2013
The Monetary Policy Committee (MPC) met on, January 21, 2013 with ten (10) out of the twelve (12) members in attendance. The Committee reviewed the domestic economic conditions in 2012 and the challenges therefrom against the backdrop of the international financial and economic environment in order to chart the course of monetary policy in 2013.
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Central Bank of Nigeria Communique No. 86 of the Monetary Policy Committee Meeting with Personal Statements of Monday and Tuesday November 19 and 20,2012 -Monday, November 26, 2012
The Monetary Policy Committee (MPC) met with nine out of the twelve members in attendance. The Committee reviewed the domestic and global economic conditions and financial environment as well as the challenges that faced the Nigerian economy during the first ten months of fiscal 2012, with a view to reassessing monetary policy options in the near-to-medium term.
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To Tender For The Lease Of Wide Area Network(WAN) Service For The Central Bank Of Nigeria -Friday, November 23, 2012
The Central Bank of Nigeria is desirous to undertake the lease of MPLS links for the deployment of a carrier on carrier MPLS network. Consequently, the Bank wishes to invite reputable and competent companies to tender for the provision of the required MPLS WAN links.
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Central Bank of Nigeria Communique No. 86 of the Monetary Policy Committee Meeting of Monday and Tuesday November 19 and 20, 2012 -Tuesday, November 20, 2012
The Monetary Policy Committee (MPC) met with nine out of the twelve members in attendance. The Committee reviewed the domestic and global economic conditions and financial environment as well as the challenges that faced the Nigerian economy during the first ten months of fiscal 2012, with a view to reassessing monetary policy options in the near-to-medium term.
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Launching of The Financial Inclusion Strategy (FIS) and The Micro, Small and Medium Enterprises Development Fund (MSMEDF) -Tuesday, October 09, 2012
The President of the Federal Republic of Nigeria, Dr. Goodluck Ebele Jonathan (GCFR) will be launching the National Financial Inclusion Strategy and the Micro, Small and Medium Enterprises Development Fund (MSMEDF) prepared by the Central Bank of Nigeria as follows:
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CBN clarifies the Banks Position on Companies Barred from getting Extra Credit -Friday, September 28, 2012
Ugochukwu Okoroafor, Spokesperson for the Central Bank of Nigeria clarifies the Banks position on companies barred from getting extra credit because of debts owed to the Asset Management Corporation of Nigeria (AMCON) in a CNBC Interview. Click here for the interview.
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Central Bank of Nigeria Communique No. 85 of the Monetary Policy Committee (with Personal Statements of MPC Members) -Monday, September 24, 2012
Please find attached the communique with personal statements of MPC members.
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Update on the Proposed Currency Restructuring -Thursday, September 20, 2012
The CBN hereby informs the general public that the President, on Thursday, September 20, 2012, directed that further action on the approved restructuring exercise be stopped.
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Radio Interview of the Deputy Governor, Operations -Wednesday, September 19, 2012
Please find attached the radio interview of the Deputy Governor, Operations, Central Bank of Nigeria, Mr. Tunde Lemo on Project CURE (Currency Restructuring) by Martin Udogie, Business Hour, Classic FM 97.3, Lagos.
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Central Bank of Nigeria Communique No. 85 of the Monetary Policy Committee -Tuesday, September 18, 2012
The Monetary Policy Committee (MPC) met on September 17 and 18, 2012, with 10 out of the 12 members in attendance. The Committee reviewed the conditions and challenges that confronted the domestic economy during the first eight months of 2012 against the backdrop of international economic and financial developments with a view to reassessing monetary policy options in the short-to- medium term.
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Press Release On Project CURE Rumours -Tuesday, September 04, 2012
The Central bank has noted with great surprise, several malicious misrepresentations regarding the recently announced programme on currency review and restructuring, tagged "PROJECT CURE". In order to correct these dangerous misrepresentations, the CBN wishes to state as follows:
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Mr. Ola Vincent, former CBN Governor, passes away -Tuesday, September 04, 2012
The late Mr. Ola Vincent served Nigeria in various capacities and was the Governor of the Bank from June, 1977 to June 27, 1982, a time when the nation faced very dire economic challenges. His expertise in handling his role as the Governor helped in providing stability and economic growth.
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Frequently Asked Questions on Currency Restructuring -Friday, August 31, 2012
Following the recent press briefing by the Governor, Central Bank of Nigeria, on the Proposed Currency Restructuring Exercise - 'Project CURE', we publish below some questions and answers that would further enlighten the public and other stakeholders on the essence of the exercise.
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Press Release on Cheque Truncation In Nigeria -Tuesday, August 07, 2012
As part of efforts aimed at revamping the National Payments System, the Central Bank of Nigeria (CBN), in August, 2007, launched the Payments System Vision2020 (PSV2020) initiative. This process commenced with the unveiling of the PSV2020 Strategy document, which benchmarks the Nigerian Payments System against global best practice.
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Request for Proposals for the Provision of Alternative Energy (Wind) under its 2012 Budget for Capital Projects -Tuesday, August 07, 2012
The Central Bank of Nigeria situated at Plot 33, Abubakar Tafawa Balewa Way, Central Business District, Cadestral Zone, Abuja, Nigeria (Tel: +234946239701-02; website: www.cbn.gov.ng) proposes to undertake, under its 2012 Capital Projects, the Provision of Alternative Energy Source (Wind Generator(s)) at its CBN Katsina Branch.
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Monetary Policy Review August 2011 -Wednesday, August 01, 2012
The main thrust of monetary policy in the first half of 2012 was to contain increased pressure on domestic consumer prices arising from developments within and outside the economy.
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Video1 of the Monetary Policy Communique Briefing by the Governor, CBN on July 24, 2012 -Thursday, July 26, 2012
Please find attached the link to the MPC No. 84 Briefing of July 24, 2012 by the CBN Governor, Mallam Sanusi Lamido Sanusi CON on YouTube. Click here to view the broadcast.

Central Bank of Nigeria Communique No 84 of the Monetary Policy Committee Meeting -Tuesday, July 24, 2012
The Monetary Policy Committee met on July 23 and 24, 2012 with 11 out of the 12 members in attendance. The Committee reviewed the economic conditions and challenges in the first half of the year against the backdrop of developments in the international economic and financial environments with a view to considering the monetary policy options for the remaining part of 2012.
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The 227th Meeting of the Monetary Policy Committee (MPC) -Thursday, July 19, 2012
Venue: D8 Meeting Room, 11th Floor, Wing C, CBN Corporate Headquarters, Abuja.
Date: 23rd - 24th July, 2012
Time: 10am. daily
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Press Statement -Thursday, June 14, 2012
The attention of the Central Bank of Nigeria (CBN) has been drawn to a newspaper report that the CBN Governor, Mallam Sanusi Lamido Sanusi CON who was last week Friday, June 8, 2012, conferred by the Kano Emirate Council with the title of Dan Majen Kano, reported for work in his chieftaincy regalia.
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Invitation For The Expression Of Interest As Contractors For The Development Of A World-Class Convention Centre In Abuja -Friday, May 25, 2012
The Central Bank of Nigeria is proposing to undertake, under its intervention programme, the development of a World-Class Convention Centre in Abuja. The centre shall consist of an auditorium, multi-purpose halls, accommodation, retail spaces and associated facilities.
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Tender For The Provision Of Consultancy Services For The Implementation Of Business Continuity Management In The Central Bank Of Nigeria -Thursday, May 24, 2012
The Central Bank of Nigeria invites sealed bids from bidders for the provision of Consultancy services for the implementation of Business Continuity Management in the Central Bank of Nigeria.
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Invitation to Tender for the Printing of the CBN 2011 Annual Report -Thursday, May 24, 2012
The Central Bank of Nigeria (CBN) hereby invites reputable printing outfits with proven experience and expertise in handling flagship publications to tender for the printing of the CBN 2011 Annual Report.
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Central Bank of Nigeria Communique No. 83 of the Monetary Policy Committee Meeting of Monday and Tuesday May 21 and 22, 2012 -Tuesday, May 22, 2012
The Monetary Policy Committee met on May 21 and 22, 2012 with all members in attendance. The Committee reviewed the conditions and challenges that confronted the domestic economy during the first five months of 2012, against the backdrop of international economic and financial developments; to reassess the monetary policy options in the near-to-medium term.
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Exposure Draft on Financial Inclusion Strategy for Nigeria -Tuesday, May 08, 2012
In continuation of its developmental role in the Nigerian economy, the Central Bank of Nigeria has developed an Exposure Draft on Financial Inclusion Strategy for Nigeria. The draft was prepared by a German-based Consultancy firm, Messrs Roland Berger in collaboration with the Enhancing Financial Innovation and Access (EFInA), Lagos, Nigeria.Download Full Document here
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Press Statement -Thursday, May 03, 2012
The attention of the Central Bank of Nigeria (CBN) has been drawn to several comments in the public domain insinuating that the CBN neither audits its accounts annually nor presents same to the Government of the Federation, in line with statutory requirements.
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Press Statement -Wednesday, April 25, 2012
The attention of the Central Bank of Nigeria has been drawn to reports in the media regarding a suit against the Governor, Sanusi Lamido Sanusi, by one Victor E. Dike, who is said to be a professor of Engineering and Technology, National University Sacramento, USA.
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Invitation To Tender For The Implementation Of Enterprise Document Management System (EDMS) -Tuesday, April 24, 2012
As part of efforts to support business operations and enhance productivity to achieve operational efficiency, the Central Bank of Nigeria requires the implementation of an Enterprise Document Management Solution (EDMS), Business Process Management (BPM) Solution and relevant hardware for the automation of Document Management and the workflow of business processes across various business units of the Central Bank of Nigeria.
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Monetary, Credit, Foreign Trade And Exchange Policy Guidelines For Fiscal Years 2012/2013 -Tuesday, April 10, 2012
The Central Bank of Nigeria (CBN) continued to adopt the medium-term framework for the conduct of monetary policy in 2010/2011. The understanding was that monetary policy impacted the ultimate objective of price stability with a lag, while the need to free monetary policy from time inconsistency problem and over-reaction to temporary shocks, informed the policy continuity.
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CBN Creates Two New Departments To Enhance Operations -Thursday, March 29, 2012
As part of the internal reforms to reposition the CBN to meet the challenges of the on-going banking reforms, the Board of the Bank has approved the creation of two new departments
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Correction of External Reserves Position for the Period 19th to 22nd March, 2012 -Wednesday, March 28, 2012
We refer to the publication of the External Reserves Position on the Central Bank of Nigeria website for the period 19th to 22nd, March, 2012, and regret to state that there was an error in the computation of the daily external reserve position for the four days during the said period.
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Recruitment in FSS Directorate of the Central Bank of Nigeria -Thursday, March 22, 2012
In furtherance of CBN's drive to reform the Financial Services industry and deliver a stable financial system, the Central Bank is seeking qualified, skilled and highly motivated Nigerians to fill various positions in the Financial System Stability Directorate.
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Central Bank of Nigeria Communique No. 82 of the Monetary Policy Committee Meeting of Monday and Tuesday March 19 and 20, 2012 -Tuesday, March 20, 2012
The Monetary Policy Committee (MPC) met on March 19 and 20, 2012 with 10 members in attendance to review domestic and international economic and financial conditions with a view to addressing monetary policy challenges in the short-to medium-term
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Career Opportunity - Director General, African Monetary Institute (WAMI) -Monday, March 19, 2012
The West African Monetary Institute (WAMI) is an institution established by the Governments of the Gambia, Ghana, Guinea, Liberia, Nigeria and Sierra Leone. Its aim is to facilitate the creation of the West African Central Bank (WACB) and the introduction of a common currency for the West African Monetary Zone (WAMZ). In line with this mandate WAMI is looking to recruit an astute, dynamic and visionary individual to provide leadership and guidance for the West African Monetary Institute (WAMI).
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Status of Finance Companies -Monday, March 19, 2012
Status and list of Finance Companies, indicating Active Finance Companies, those undergoing re-structuring and Inactive/Closed Finance Companies.
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Review Of Industry Policy On Retail Cash Collection And Lodgement -Monday, March 19, 2012
The Central Bank of Nigeria (CBN) having monitored the partial implementation of the Cash-less Policy in Lagos State and following discussions with various stakeholders on the effective implementation of the project, has decided to reassess the policy to allow for smooth transition and adoption in Lagos State in the first instance, and the entire country at a later date.
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Notice of Invitation for Bid -Tuesday, March 13, 2012
The Central Bank of Nigeria invites sealed bids from bidders for the provision of Consultancy services for the implementation of Business Continuity Management in the Central Bank of Nigeria.
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Expression of Interest (EOI) for Provision of Consultancy Services for Physical Projects under Its 2012 Capital Projects -Friday, March 02, 2012
The Central Bank of Nigeria proposes to undertake, under its 2012 Capital Projects, the under listed projects:
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Vacancies In A Foremost Regulatory Institution -Tuesday, February 07, 2012
Due to the attendant need to ensure appropriate personnel and capacity to effectively carry out its various statutory obligations within the institution, the Central Bank of Nigeria (CBN) has identified several positions for hire across the different directorates in the organization.
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Central Bank of Nigeria Communique No. 81 of the Monetary Policy Committee Meeting of Monday and Tuesday, January 30 and 31, 2012 -Tuesday, January 31, 2012
The Monetary Policy Committee (MPC) met on January 30 and 31, 2012 with all 12 members in attendance to review the domestic economy in 2011 and the nature of current challenges against the background of developments in the international economic and financial environments.
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Sanusi Delivers Lecture at London School of Economics -Wednesday, January 25, 2012
The Governor, Central Bank of Nigeria, Mallam Sanusi Lamido Sanusi, CON, was the guest lecturer at the annual Sir Patrick Gillam Lecture Series at the London School of Economics and Political Science (LSE), which took place on Monday, January 23, 2012.
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Joint Statement of Commitment by Members of the Bankers Committee -Wednesday, January 18, 2012
As leaders in the Nigerian financial sector, we are uniquely positioned to further economic growth and development in Nigeria through our regulatory, lending and investment activities across a diversity of segments and sectors of the Nigerian economy. The context in which we make business decisions is, however, characterized by complex and growing challenges relating to population growth, urban migration, poverty, destruction of biodiversity and ecosystems, pressure on food sources, prices and security, lack of energy and infrastructure and potential climate change legislation from our trade partners, amongst others.
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Enlightenment Forum on the e-Payment of all forms of Suppliers, Taxes, Salaries & Pensions -Friday, December 30, 2011
Please find attached the presentation made at the recently concluded Nationwide Enlightenment Forum on the e-Payment of all forms of Suppliers, Taxes, Salaries & Pensions. Click here for the CBN e-Payment Compliance Certificate.
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Further Clarifications on Cash-less Lagos Project -Friday, December 30, 2011
The Central Bank of Nigeria (CBN) has introduced a new policy on cash-based transactions which stipulates a 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.).
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6th Annual Microfinance Conference and Entrepreneurship Awards -Thursday, December 29, 2011
The Central Bank of Nigeria is organizing its 6th Annual Microfinance Conference and Entrepreneurship Awards on Tuesday, 7th - Wednesday, 8th February, 2012 @ the Ladi Kwali Hall, Sheraton Hotels and Towers, Abuja, Nigeria. The theme of the Conference is, 'REFOCUSING MICROFINANCE FOR ENTREPRENEURSHIP DEVELOPMENT IN NIGERIA.'
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Modalities on Implementation of Cash Policy for Cash-Less Lagos -Wednesday, December 28, 2011
This is to provide clarifications on the application of the Cash Policy for the Cash-Less Lagos pilot which is set to commence on January 1st 2012. Please note the following:
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Customer Satisfaction Survey on CBN IT Services -Friday, December 23, 2011
The CBN is conducting an assessment of the current IT services offered to its external stakeholders. To facilitate this assessment, a questionnaire has been developed for completion. We would appreciate you taking 5 minutes of your time to complete the questionnaire by clicking on this link.
Thank you.
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MPC Media Briefing Now at 4:45PM, Monday, January 21, 2013 -Saturday, December 10, 2011
The Governor of the Central Bank of Nigeria, Mallam Sanusi Lamido Sanusi, CON, will brief the media on the outcome of the meeting, Monday, January 21, 2013 at 4:45pm at the 11th Floor, Wing C of the CBN Head Quarters, Abuja.

CBN-FSS 2020 Signs MoU With German Development Agency (GIZ) -Tuesday, December 06, 2011
The Central Bank of Nigeria (CBN) and the German Development Agency (GIZ) on Tuesday, December 6, 2011, signed a Memorandum of Understanding (MoU) for cooperation and partnership on the Financial System Strategy 2020 (FSS 2020).
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Re- CBN Governor, Lamido Sanusi, Buys N1 Billion Property In Abuja - The Facts -Wednesday, November 30, 2011
The Central Bank of Nigeria (CBN) has noted a report being circulated to members of the public alleging that the CBN Governor, Mallam Sanusi Lamido Sanusi, has bought a N1 billion property in Abuja to add to the aesthetic value of his new house.
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Central Bank of Nigeria Communique No. 80 of the Monetary Policy Committee Meeting, Monday, November 21, 2011 -Monday, November 21, 2011
The Monetary Policy Committee (MPC) met with 11 out of the 12 members present on 21st November, 2011 to review domestic economic conditions up to the early part of Q4 2011 and the challenges facing the Nigerian economy against the background of developments in the international economic and financial environment in order to reassess the options for monetary policy for the remaining part of the year and Q1 2012.
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Monetary Policy Committee Meeting and MPC Press Briefing -Friday, November 18, 2011
The Monetary Policy Committee Meeting and Press Briefing is scheduled to take place on Monday, November 21, 2011, to review the performance of key economic indicators in Nigeria and the global economic outlook in the last three months. The Governor, Central Bank of Nigeria, Mallam Sanusi Lamido Sanusi, CON, will brief the media on the outcome of the meeting.
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Re-Alleged Court Order Restraining Keystone, Enterprise And Mainstreet Banks From Operation -Wednesday, November 16, 2011
The attention of the Central Bank of Nigeria (CBN) and the Nigeria Deposit Insurance Corporation (NDIC) has been drawn to a publication in ThisDay Newspaper of Wednesday 16th November, 2011 and a news report by Channels Television station, on the 15th of November, 2011, with respect to a purported order of the Federal High Court, allegedly granted by Justice CharlesArchibong J., restraining Keystone Bank Limited, Enterprise Bank Limited, and MainstreetBank Limited from continuing operation
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Central Bank of Nigeria Communique No. 79 of the Monetary Policy Committee Meeting, October 10, 2011 -Monday, October 10, 2011
The Monetary Policy Committee (MPC) held an extraordinary meeting on 10th October, 2011 in response to unusual developments in the global and domestic economy, with potential negative impact on domestic liquidity conditions and renewed threats to price and exchange rate stability.
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Extra Ordinary Meeting of the Monetary Policy Committee (MPC) -Friday, October 07, 2011
An Extra Ordinary Meeting of the Monetary Policy Committee (MPC) is scheduled to hold as follows;
Date: Monday, October 10, 2011
Venue: D8 Meeting Room, 11th Floor, Wing C, CBN Head Office, Abuja
Time: 10 a.m. prompt
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Advertisement for Positions in The Central Bank of Nigeria -Wednesday, October 05, 2011
The Central Bank of Nigeria (CBN), with Head Office in Abuja has as its vision “To be one of the most efficient and effective of the world’s central banks in promoting and sustaining economic development”. In furtherance of the vision, the Central Bank is seeking qualified, skilled and highly motivated individuals to fill various positions in the Economic Policy Team. For details of requirements for each position and to apply, visit: www.cbn.gov.ng/careers/jobs/ This job vacancy closes on the 21st October, 2011 (5 pm).
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The Changing Structure of the Nigerian Economy -Tuesday, October 04, 2011
This book evaluates the general effects of the economic development strategies and policies which have been adopted by the various administrations, on the structure of the Nigerian economy since her political independence in 1960. This book can be obtained at Research Department, CBN for =N=3,500.00 only.
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Sanusi Wins Sub-Saharan African Central Bank Governor of The Year Again -Sunday, September 25, 2011
The Governor, Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi, CON, has been announced the winner of the 2011 Central Bank Governor of the Year Award for Sub-Saharan Africa for the second consecutive year, by the international magazine Emerging Markets. According to the Editor of Emerging Markets, Taimur Ahmad, the awards recognise and honour leading policy makers in each region as adjudged by their editorial team, taking into account the views of leading regional experts. He stated that Governor Sanusi was recognized for the second year running "for his strong policy track record and continued bold reforms in monetary policy over the past year."
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Sanusi Launches Cross Border Initiative For African Central Banks -Friday, September 23, 2011
The Governor of the Central Bank of Nigeria, Mallam Sanusi Lamido Sanusi, CON, has called for greater cooperation among African central banks in developing strategies to enhance their regulatory functions and to meet the challenges of intervention in financial and economic crises on the continent.
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Central Bank of Nigeria Communique No. 78 of the Monetary Policy Committee Meeting, September 19, 2011 -Monday, September 19, 2011
The Monetary Policy Committee (MPC) met on 19th September, 2011 to review domestic economic conditions during the first eight months of 2011 and the challenges facing the Nigerian economy against the backdrop of developments in the international economic and financial environment in order to reassess the challenges facing monetary policy for the rest of 2011.
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Nigeria Approves Inclusion of Chinese Renminbi in External Reserves -Monday, September 05, 2011
The Central Bank of Nigeria (CBN) has finalized arrangements to diversify its external reserves holdings by including the Chinese Renminbi (RMB) to the existing currency mix of United States Dollars (USD), the Euro (EUR) and the British Pound Sterling (GBP).
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Extension Of Interbank Guarantee To Equitorial Trust Bank Limited On Signing Of TIA -Friday, August 26, 2011
Following the successful signing of Transactions Implementation Agreement (TIA) between Equitorial Trust Bank Limited (ETB) and Sterling Bank Plc, the CBN wishes to announce extension of interbank guarantee given to ETB to 31st December 2011.
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Request For Submission Of Expression Of Interest For The Drafting Of A National Infrastructure Finance Policy -Friday, August 12, 2011
The Management of the Central Bank of Nigeria (CBN) has mandated the Development Finance Department to collaborate with other stakeholders in the finance and infrastructure development sectors of the country to draft an Infrastructure Finance Policy for Nigeria.
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Re: Resolution of Recapitalisation through Bridge Banks -Friday, August 05, 2011
The Central Bank of Nigeria (CBN) is aware of, and supports, the decision of the Nigeria Deposit Insurance Corporation (NDIC),to exercise its statutory powers under the Nigerian Insurance Deposit Corporation Act, to establish Enterprise Bank Limited,Keystone Bank Limited, and Mainstreet Bank Limited as Bridge Banks, and by Purchase and Assumption Agreements, cause all the deposit liabilities and certain other liabilities and the assets of Spring Bank Plc,Bank PHB Plc, and Afribank Nigeria, respectively to be assumed by the 3 Bridge Banks, effective 5th August 2011. Click here for the full text of NDIC Press Statement
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Extension Of Interbank Guarantee To Oceanic Bank On Signing Of TIA -Tuesday, August 02, 2011
Following the successful signing of Transactions Implementation Agreement (TIA) between Ecobank Trans-national Inc (ETI) and Oceanic Bank Plc, the CBN wishes to announce its extension of interbank guarantee given to Oceanic Bank to 31st December 2011.
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Central Bank of Nigeria Communique No. 77 of the Monetary Policy Committee -Tuesday, July 26, 2011
The Monetary Policy Committee (MPC) met on 25th and 26th July, 2011 to review domestic economic conditions during the first half of 2011 and the challenges facing the Nigerian economy against the backdrop of developments in the international economic and financial environment in order to chart the course of monetary policy in the second half of the year.
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Press Statement by the Deputy Governor, Operations, Mr. Tunde Lemo on the New CBN Cash Collection Policy -Tuesday, July 05, 2011
The Central Bank of Nigeria recently announced a set of policy directives aimed at addressing the currency management challenges in Nigeria, and enhancing the national payments system. The policy also further reinforces the electronic payments directive of the Federal Government of January 2009.
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Questions And Answers On The CBN Policy On Cash Withdrawal/Lodgement Limit -Monday, June 27, 2011
Following the recent circular issued by the Central Bank of Nigeria, in collaboration with the Bankers’ Committee, placing cash withdrawal limits of N150,000 for individual account holders and N1,000,000 for corporate account holders, with the aim of reducing the high dominance of cash in the Nigerian economy, we publish below some questions and answers that would further enlighten the public and other stakeholders on the essence of the policy.
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Revised Microfinance Policy Framework For Nigeria -Monday, June 27, 2011
The Board of Directors (BOD) of the Bank at its 402nd Meeting held on Friday, 29th April, 2011 considered and APPROVED the revised Microfinance Policy, Regulatory and Supervisory Framework for Nigeria.
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Central Bank of Nigeria Holds Conference On Nigeria Incentive-Based Risk Sharing System For Agricultural Lending (NIRSAL) -Tuesday, June 21, 2011
The Central Bank of Nigeria (CBN) is organizing a two-day Conference on the Nigeria Incentive-based Risk Sharing System for Agricultural Lending (NIRSAL) as follows
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Central Bank of Nigeria Holds Conference On Nigeria Incentive-Based Risk Sharing System For Agricultural Lending (NIRSAL) -Tuesday, June 21, 2011
The Central Bank of Nigeria (CBN) is organizing a two-day Conference on the Nigeria Incentive-based Risk Sharing System for Agricultural Lending (NIRSAL) as follows Click here for Agenda and Click here for NIRSAL Brief
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CBN Issues New Guidelines For Non-Interest Banking -Tuesday, June 21, 2011
The Central Bank of Nigeria (CBN) has issued new guidelines for the operation of Non-interest banking in Nigeria. The new guidelines are the outcome of the review of the earlier guidelines issued based on the recommendations of various stakeholders.Click here for guidelines
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Press Statement: Re-Court Dismisses CBN’S Suit -Friday, June 17, 2011
The Central Bank of Nigeria, (CBN) wishes to correct the misrepresentation that appeared in a section of the print media on the 16th and 17th June, 2011 with the above caption.
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Press Release - The CBN On Banks’ Executive Remuneration And Rating Agencies -Wednesday, June 15, 2011
The CBN has noted two stories, first in The Punch alleging that the CBN may reduce bank executives’ remuneration and the second in The Guardian alleging that the CBN has warned against reliance on bank ratings given by rating agencies
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Public Statement On Recapitalization Of Eight Nigerian Banks -Friday, June 10, 2011
In mid-2008, the global financial crisis had an adverse effect on both the oil and gas sector and the Nigerian capital markets. A sharp deterioration in the quality of banks’ assets followed, which immediately led to liquidity constraints across all the banks.
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Invitation To Express Interest And Tender Financial Bid For The Development And Implementation Of A Cross Border Transactions System -Thursday, May 26, 2011
The Central Bank of Nigeria is desirous to undertake a pre-qualification exercise for service providers to express interest and tender financial bid for the development and implementation of a Cross Border Transactions System
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Central Bank of Nigeria Communiqué No. 76 of the Monetary Policy Committee Meeting, May 23 - 24, 2011 -Tuesday, May 24, 2011
The Monetary Policy Committee (MPC) met on 23rd and 24th May, 2011 to assess current domestic and international economic and financial developments as well as the challenges facing the Nigerian economy in the short- to medium-term.
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Sanusi Named Among Time 100 Most influential People -Thursday, April 21, 2011
New York based Time Magazine has named Mallam Sanusi Lamido Sanusi (CON), Governor, Central Bank of Nigeria in the 2011 TIME 100, the magazine’s annual list of the most influential people in the world. The full list and related attributes appear in the May 2 issue of the magazine, available from Friday, April 22. View the Time publication here.
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Notice To All Microfinance Banks On Code Allocation -Thursday, April 14, 2011
In response to the observations and comments arising from the earlier publication of the codes assigned to microfinance banks for the online rendition of their statutory returns, please find attached a revised list of MFBs with their corresponding codes.
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Speculations On Bids For Rescued Banks -Monday, March 28, 2011
The Central Bank of Nigeria has noted with concern various speculations and unsavoury comments on the proposed mergers and acquisitions of rescued banks and wish to categorically state that no approval for any Memorandum of Understanding (MOU) has been granted by the CBN so far.
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The Central Bank Of Nigeria Commences Foreign Exchange Forwards -Wednesday, March 23, 2011
The Central Bank of Nigeria (CBN) is moving forward in its bid to transform and deepen the Nigerian financial markets by commencing foreign exchange forwards transactions from Wednesday 23rd March, 2011, with authorised dealers in the market, for the benefit of foreign exchange users in the economy.
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Central Bank of Nigeria Communiqué No. 75 of the Monetary Policy Committee Meeting, March 21-22, 2011 -Tuesday, March 22, 2011
The Monetary Policy Committee (MPC) met on the 21st and 22nd March, 2011 to assess the current domestic and international economic and financial developments as well as the challenges that lie ahead of the Nigerian economy in the short to medium term.
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CBN Begins Sales of Foreign Exchange Forwards Next Week -Wednesday, March 16, 2011
The commencement of sales of foreign exchange forwards earlier scheduled to start from Tuesday, 16th March, 2011 has been rescheduled to start on Wednesday, 23rd March, 2011.
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RE - IMF/Central Bank of Nigeria Debate on Devaluation of the Naira -Saturday, March 12, 2011
We republish below an article written in 2002 by Mallam Sanusi Lamido Sanusi, Governor, Central Bank of Nigeria, first published in the Daily Trust Newspaper of 22nd July, 2002. The issues discussed in the article regarding the devaluation of the Naira then, are still relevant to the current debate on the devaluation of the Naira as recently recommended by the IMF. Please read on……
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Central Bank of Nigeria - Invitation for the Prequalification of Contractors for the Execution of Capital Development Projects under 2011 Budget -Thursday, March 10, 2011
The Central Bank of Nigeria is proposing to undertake a pre-qualification exercise for the under-listed capital projects under the 2011 budget.
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Keynote Address by CBN Governor at CIBN, CHC & RBC Seminar -Monday, March 07, 2011
Being a Keynote Address at the Seminar on “Becoming An Economic Driver While Applying Banking Regulations”, organized by the Canadian High Commission in Joint Collaboration with the Chartered Institute of Bankers of Nigeria (CIBN) and the Royal Bank of Canada (RBC) on March 7, 2011.
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Re: Newspaper Reports On The Alleged Non-Submission Of Budget Of Federal Government Agencies To The Senate -Tuesday, March 01, 2011
The Central Bank of Nigeria (CBN) has noted news stories in several national newspapers alleging that the Senate has deferred the consideration and passage of the 2011 budget because some Federal Government agencies, including the CBN, have not submitted their budget for scrutiny by the National Assembly
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Reaction to IMF Press Release on Nigerian Monetary Policy -Monday, February 21, 2011
The reaction is a full transcription of the live interview the Governor, Central Bank of Nigeria, Mallam Sanusi Lamido Sanusi had with CNBC TV programme – Regional Round-up on Friday, 18th February 2011 at 3:25pm.
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Further Update On The Recapitalization Of Wema Bank -Friday, February 11, 2011
Further to our Press Release of November 2, 2010 on the recapitalization of Wema Bank Plc and the decision to embark on the verification of the Capital raising exercise and the loan recoveries made by the bank, the Central Bank of Nigeria (CBN) has now verified and recognized the N7.5 billion Capital raised through a special placement offer and the additional recoveries of N4 billion made by Wema Bank Plc.
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Monetary Policy Review February 2011 -Tuesday, February 01, 2011
The global economy continued to show signs of economic recovery during the last six months of 2010, despite market anxiety over the sovereign debt crises in the euro area and the challenges posed by rising food and energy prices.
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Microfinance Banks And Their Reference Codes For Online Renditions of Returns -Monday, January 31, 2011
Further to the conclusion of the workshop on "On line" rendition of returns to the CBN by Microfinance Banks (MFBs) held on 1st November, 2010 in order to enhance efficiency of electronic data capture, using an Excel based Master File - monthly report format on FINA system, codes have been assigned to each microfinance bank (MFB) in Nigeria for ease of reference. Consequently, all licensed microfinance banks in Nigeria are expected to download the list and complete their monthly returns using the codes assigned therein and forward same to the CBN as directed, commencing from the January 2011 returns which would be due by February 14, 2011.
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Central Bank of Nigeria Communiqué No. 74 of the Monetary Policy Committee -Tuesday, January 25, 2011
The Monetary Policy Committee (MPC) met on the 24th and 25th January, 2011 to review domestic and international economic and financial developments in 2010 and the challenges facing the Nigerian economy in the year ahead.
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Sanusi Has Made a Difference...H.I.D. Awolowo -Monday, January 24, 2011
The Chairman, African Newspapers PLC and the matriarch of Awolowo dynasty, Chief (Mrs) Hannah Idowu Dideolu Awolowo, CON, Yeye O’dua has described the Governor, Central Bank of Nigeria, Mallam Sanusi Lamido Sanusi, CON, as a distinguished public officer who "has chosen to bring the difference in discharging his assigned duties and making positive changes in our national life".
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Press Release on The CBN 230th MPC Meeting of January 21, 2013 -Monday, January 17, 2011
The 230th meeting of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria has been scheduled to take place on Monday, January 21, 2013 to review the performance of the key economic indicators in Nigeria and the global economic outlook.
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CBN Not Liquidating Oceanic, Intercontinental And Unity Banks -Friday, January 07, 2011
The attention of the Central Bank of Nigeria (CBN) has been drawn to SMS text messages being circulated alleging that the CBN is about liquidating the following three banks: Oceanic, Intercontinental and Unity banks and therefore advising customers to withdraw their money from these banks within 24 hours.
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CBN Extends Deadline On Update Of Bank Accounts -Monday, January 03, 2011
It would be recalled that the CBN on 29th November, 2010 directed that all customers of banks and financial institutions in Nigeria should update their account information by 31st December, 2010 failing which the affected accounts would be suspended with effect from 1st January, 2010.
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CBN Initiatives Helping To Address Infrastructural Gap, President Jonathan -Monday, December 06, 2010
President Goodluck Jonathan, GCFR, has again given kudos to the initiatives of the Central Bank of Nigeria (CBN), aimed at addressing the infrastructural gap in Nigeria.
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Revised Microfinance Banks Return Template -Tuesday, November 30, 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.
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Disclaimer On Online Fee-Based Recruitment -Monday, November 29, 2010
The Central Bank of Nigeria, (CBN) has noted with concern, the activities of some unscruplous individuals posting some letters on the internet inviting prospective applicants to fill CBN employment forms online at a fee.
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Central Bank of Nigeria MPC Communique No 73, issued on Nov. 23, 2010 -Tuesday, November 23, 2010

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US Congress Applauds CBN Banking Reforms -Thursday, November 18, 2010
On Tuesday, Nov 16th 2010, at the Rayburn House Office Building, Capitol Hill, in Washington D.C. the crucial role that Nigeria’s economy plays in Africa and the global economy, was put under the spotlight, as the Governor of the Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi and the Director General of the Securities Exchange Commission (SEC), Ms Arunma Oteh, gave testimonies at a congressional hearing
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CBN Wthdraws Class A Bureau De Change Licences -Wednesday, November 03, 2010
The Central Bank of Nigeria has decided to withdraw the licences of all existing Class ‘A’ Bureau De Change BDCs with effect from November 8, 2010. The withdrawal is part of measures to stem the gross abuses of the enhanced Class ‘A’ BDC in line with the CBN’s avowed commitment to eradicate money laundering.
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Senate Confirms AMCON Board Members -Wednesday, November 03, 2010
The Senate at its plenary session today, November 3, 2010, confirmed the appointment of the Board of the Asset Management Corporation of Nigeria (AMCON).
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Update On The Recapitalisation Of WEMA Bank -Tuesday, November 02, 2010
It will be recalled that in our Press Release dated October 4, 2010, the Central Bank of Nigeria (CBN) granted a 30 day extension to Wema Bank PLC to enable it conclude its recapitalization which ended October 30, 2010.
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CBN Workshop On Electronic Rendition Of Returns For Microfinance Banks (MFBs) -Monday, October 25, 2010
To further enhance effective supervision of the microfinance banks, the Central Bank of Nigeria is organizing a two (2) day workshop on electronic rendition of monthly returns. The workshop is designed to familiarize operators with the new application designed to capture and enhance accuracy of data received from MFBs.
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Launching Of National Association Of Microfinance Institutions (NAMI) -Monday, October 25, 2010
The Central Bank of Nigeria in collaboration with the Rural Finance Institution Building Programme (RUFIN) will be convening a meeting of the Officials of the Zonal Associations of unlicensed Microfinance Institutions (MFIs) from the six geo-political zones of Nigeria.
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CBN Grants Provisional Approval For New Licences To 121 MFBs -Thursday, October 21, 2010
The Central Bank of Nigeria has granted provisional approval for new licences to 121 out of the 224 microfinance Banks, MFBs, whose licences were recently revoked, subject to the fulfillment of some specific requirements within three (3) months.
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CBN Grants Provisional Approval For New Licences To 121 MFBs -Thursday, October 21, 2010
The Central Bank of Nigeria has granted provisional approval for new licences to 121 out of the 224 microfinance Banks, MFBs, whose licences were recently revoked, subject to the fulfillment of some specific requirements within three (3) months.
Click here for the list.
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CBN Grants Provisional Approval For New Licences To 121 MFBs -Thursday, October 21, 2010
The Central Bank of Nigeria has granted provisional approval for new licences to 121 out of the 224 microfinance Banks, MFBs, whose licences were recently revoked, subject to the fulfillment of some specific requirements within three (3) months.
Click here for the list.
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Sanusi Bags Global Business Magazine Award In U.S.A -Monday, October 11, 2010
The Governor, Central Bank of Nigeria, Mallam Sanusi Lamido Sanusi, CON, has been named as the Central Bank Governor of the Year in the Sub-Saharan Africa, by the Global Business Magazine, Emerging Markets.
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Cecilia Ibru Jailed, Forefeits Assets…CBN Vindicated -Friday, October 08, 2010
A Nigerian High Court presided over by Justice Dan Abutu in Lagos on Friday 8th, October 2010 found Mrs. Cecilia Ibru, the former Managing Director of Oceanic Bank Plc guilty on a three counts charge of giving loans beyond her credit limits, giving wrong accounts and giving out loans of N20bn without due process and subsequently jailed her for 18 months. Mrs Ibru has also voluntarily forfeited assets worth N191.4bn.
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Update On The Recapitalization Of Unity Bank Plc and WEMA Bank Plc -Tuesday, October 05, 2010
It will be recalled that in its Press Release dated June 28, 2010 captioned RE: JUNE DEADLINE FOR THE RECAPITALISATION OF UNITY AND WEMA BANKS, Central Bank of Nigeria (CBN) extended the deadline for the recapitalization of Unity Bank Plc and Wema Bank Plc by three months, ending September 30, 2010.
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President Jonathan Launches N50 Anniversary Note ...Hails CBN Banking Sector Reforms -Wednesday, September 29, 2010
President Goodluck Jonathan on Wednesday, September 29th, 2010 launched the N50 (Fifty Naira) commemorative note and non-circulating coin as part of activities to celebrate the country’s 50th Independence Anniversary, just as the Central Bank of Nigeria (CBN) announced plans to redesign the country’s banknotes series to reduce cost and enhance security.
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Launch of 50 Naira Commemorative Note -Tuesday, September 28, 2010
The Central Bank of Nigeria will release into circulation a commemorative
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Central Bank of Nigeria - Status of Microfinance Banks In Nigeria -Friday, September 24, 2010
The microfinance industry in Nigeria had been confronted with numerous challenges since the launch of the Microfinance Policy Framework in December, 2005. A significant number of the microfinance banks (MFBs), were deficient in their understanding of the microfinance concept and the methodology for delivery of microfinance services to the target groups. Click here for Revocation List
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CBN Initiatives To Slash Banks Overhead By 30% ... As FG Commends Banking Reforms -Thursday, September 23, 2010
The Governor of the Central Bank of Nigeria, Mallam Sanusi Lamido Sanusi on Thursday, September 23, 2010 said that through the various initiatives being spearheaded by the apex bank, the overhead costs of banks is expected to be reduced by 30% in the next 3 years.
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Central Bank of Nigeria Communiqué No. 72 of the Monetary Policy Committee Meeting, September 21, 2010 -Wednesday, September 22, 2010
The Monetary Policy Committee (MPC) met on 21st September, 2010 to review domestic economic conditions during the first eight months of 2010 and the challenges facing the Nigerian economy against the backdrop of developments in the international economic and financial environments in order to reassess the options for monetary policy for the rest of the year.
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CBN Directs Banks To Replace Auditors That Have Spent Over 10 Years -Monday, September 13, 2010
The Central Bank of Nigeria has given all deposit money banks (DMBs) up to December 31, 2010 to replace external auditors that have been appointed for more than 10 years including years spent with constituent legacy banks.
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CBN Approves Revised Banking Model -Wednesday, September 08, 2010
As part of the blue-print for reforming the Nigerian financial system which includes the enhancement of the quality of banks, financial system stability and evolution of healthy financial sector, the Central Bank of Nigeria (CBN), in compliance with the statutory provisions of the Banks and Other Financial Institutions Act (BOFIA) regarding the conduct of banking business has concluded the review of the universal banking model in Nigeria and issued new rules and guidelines for the envisaged new licensing regime.
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Press Statement on N300 Billion Power And Aviation Intervention Fund Established -Tuesday, August 24, 2010
In support of President Goodluck Jonathan’s current initiatives especially in the power and aviation sectors, the Central Bank of Nigeria hereby announces the establishment of N300 Billion Power and Aviation Intervention Fund. Detailed guideline
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Press Release on CSWAMZ -Monday, August 16, 2010
The College of Supervisors of the West African Monetary Zone (CSWAMZ) holds an inaugural meeting August 16 – 17, 2010 at the Central Bank of Nigeria, Corporate Headquarters, Abuja, to fine-tune strategies for cross-border supervision in the sub-region.
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Invitation To Bid For The Purchase Of Demonetized Coins -Wednesday, August 11, 2010
The Central Bank of Nigeria (CBN) hereby invites bids from the public, within and outside Nigeria, for the purchase of its 1991 design coins, withdrawn from circulation in 2007.
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Press Release - CBN Partners Alliance for a Green Revolution in Africa (AGRA) to Stimulate Agric Financing -Monday, August 09, 2010
The Central Bank of Nigeria,(CBN ) today signed a landmark agreement with the Alliance for a Green Revolution in Africa (AGRA) to develop a new innovative mechanism for unlocking billions of Naira of financing to serve the needs of all farmers, especially smallholder farmers, agro-processors, agribusinesses and input suppliers in the agricultural value chain. AGRA is an Africa based organization working in partnership with governments, agricultural research organizations, farmers, private sector, civil society and other rural development stakeholders to significantly and sustainably improve the productivity and incomes of resource poor farmers in Africa.
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Press Release - Economic Reforms Engender National Security - Sanusi -Tuesday, August 03, 2010
The Governor, Central Bank of Nigeria, Mallam Sanusi Lamido Sanusi, CON, has called for comprehensive reforms in all the sectors of Nigerian economy with a view to enhancing the wellbeing of the citizenry, eradicating poverty and ensuring national security.
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Press Release On President Signs AMCON Bill -Monday, July 19, 2010
President Goodluck Jonathan today, Monday, July 19, 2010 at exactly 3.28 pm signed the Asset Management Corporation of Nigeria, (AMCON) Bill into law. The Act provides the legal backing for the establishment of the long-awaited corporation.
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Press Release On Governor Oshiomhole Extols Sanusi's Courage -Thursday, July 15, 2010
The Executive Governor of Edo State, Mr. Adams Oshiomhole on Tuesday, July 13, 2010 paid a courtesy visit to the Governor, Central Bank of Nigeria, Mallam Sanusi Lamido Sanusi where he extolled the uncommon courage in the implementation of the reforms in the banking sector.
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Press Release On Banks' Recapitalisation - Shareholders To Take The Final Decision -Thursday, July 15, 2010
The Central Bank of Nigeria (CBN) on Thursday, July 15, 2010 held a stakeholders meeting with the Board of Directors, Management and Shareholders of the CBN intervened banks. The meeting, which was chaired by the CBN Governor, Mallam Sanusi Lamido Sanusi was the second in the series of dialogue initiated by the Bank with the stakeholders to engender effective collaboration on the issue of recapitalising the affected banks.
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Consolidating the Gains of the Banking Sector Reforms (Mallam Sanusi Lamido Sanusi) -Tuesday, July 13, 2010
This is the PowerPoint presentation of the Lecture delivered by the Governor, Central Bank of Nigeria to the Prof. Sylvester Monye Foundation at Asaba, Delta State on July 9, 2010. The full transcript will be transmitted in due course.
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RE-Nigerian Banks are Gambling Houses -Saturday, July 10, 2010
The Central Bank of Nigeria has noted the above captured headline in a syndicated report in some national newspapers of Saturday, 10th July, 2010 in which the Governor, Mallam Sanusi Lamido Sanusi was alleged to have referred to Nigerian banks as gambling houses. The CBN wishes to state emphatically that the Governor at no time during the lecture made such assertion. From all intent and purposes, the news report was deliberately misrepresented for sensationalism.
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Press Release On AMCON Bill Sent For Presidential Assent -Friday, July 09, 2010
The National Assembly has today July 9, 2010 forwarded the harmonized bill establishing the Asset Management Corporation of Nigeria (AMCON) to the Presidency for the assent of President Goodluck Ebele Jonathan.
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Request For Soft Copies Of MFBs’ January To May, 2010 Monthly Returns -Thursday, July 08, 2010
We refer to our recent letter to you dated June 3, 2010 in respect of the above subject. We have been receiving complaints from some microfinance banks (MFBs) about their difficulties in downloading the new returns master file from our website, which you are to use to forward soft copies of your monthly returns from January to May 2010 to the e-mail address ofid-mfb@cbn.gov.ng
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Central Bank of Nigeria Communiqué No. 71 of the Monetary Policy Committee Meeting, July 5, 2010 -Monday, July 05, 2010
The Monetary Policy Committee (MPC) met on 5th July, 2010 to review domestic economic conditions during the first half of 2010 and the challenges facing the Nigerian economy against the backdrop of developments in the international economic and financial environments in order to reassess the options for monetary policy for the remainder of the year.
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Press Release On Stemming The Scourge Of Illegal Fund Managers/Wonder Banks -Wednesday, June 30, 2010
As part of the efforts to stem the menace of “Wonder Banks,” the Inter-Agency Committee On illegal Fund Managers recently met and deliberated on issues relating to the activities of illegal fund managers and wonder banks with a view to addressing the scourge.
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Notice Of The Meeting Of The Committee Of Microfinance Banks In Nigeria (COMBIN) -Monday, June 28, 2010
The Other Financial Institutions Supervision Department (OFISD) is organising the Half-yearly meeting of the Committee of Microfinance Banks in Nigeria (COMBIN), in three locations as scheduled
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Press Release On June Deadline For Recapitalisation Of Unity And Wema Banks -Monday, June 28, 2010
Our attention has been drawn to Newspaper reports expressing concern on the deadline of June 30, 2010 given to Unity Bank Plc and Wema Bank Plc to recapitalize.
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AMCON Bill Passed--- Awaits Presidential Assent -Wednesday, June 23, 2010
The Asset Management Corporation of Nigeria (AMCON) Bill has finally been passed, following its harmonization by the Committee set up by the two chambers of the National Assembly and its adoption on Wednesday, June 23, 2010 by the Senate. It will be recalled that the House of Representatives had earlier adopted the harmonized bill.
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215th Meeting Of The Monetary Policy Committee Of The Central Bank Of Nigeria, 5th July, 2010. -Tuesday, June 22, 2010
The 215th meeting of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria will hold on 5th July, 2010 at 10.00am. The meeting will review developments in the domestic and international economy and chart monetary policy direction for the rest of the year.
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Central Bank Of Nigeria Invitation Of Suppliers For The Supply Of Furniture To The Bank Under The Year 2010 Budget. -Tuesday, June 15, 2010
The Central Bank of Nigeria requires the supply of furniture items to the Lokoja, Umuahia and Asaba Branches under the 2010 budget.
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Press Release On CBN Extends N500BN Power And Real Sector Fund To Aviation Industry -Tuesday, June 01, 2010
The N500 billion facility for investment in power projects and the real sector has been extended to the Aviation Industry. This means that the Airlines can now partake from the fund and those that are indebted to banks can refinance their loans and amortise them over a period of 10-15 years.
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Financial Services Regulation And Coordinating Committee Issues New Rules On Margin Trading -Tuesday, May 25, 2010
The Financial Services Regulation Coordinating Committee (FSRCC) met on Friday May 21, 2010 with representatives of all member agencies in attendance. The Committee among other issues extensively discussed the need to issue clear-cut rules and guidelines on margin trading, to avert a repeat of the abuses and sharp practices that bedevilled margin trading in the run up to the capital market collapse.
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Expression Of Interest (EOI) For Provision Of Consultancy Services For Physical Projects -Monday, May 24, 2010
The Central Bank of Nigeria proposes to undertake, under its 2010 Capital Projects, the under listed projects:
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No Directive To Banks Against Lending To Politically Exposed Persons -Friday, May 21, 2010
The attention of the Central Bank of Nigeria (CBN) has been drawn to insinuations in various quarters that the CBN had directed deposit Money Banks (DMBs) to stop granting credit facilities to Politically Exposed Persons (PEPs).
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Central Bank of Nigeria Communiqué No. 70 of the Monetary Policy Committee Meeting, May 10-11, 2010 -Tuesday, May 11, 2010
The Monetary Policy Committee (MPC) met on 10th and 11th May, 2010 to review domestic economic conditions during the first four months of 2010 and the challenges facing the Nigerian economy against the backdrop of developments in the international economic and financial environments in order to reassess the course for monetary policy for the remainder of the year.
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AMCON Bill passes Third reading in the Senate -Thursday, May 06, 2010
The Asset Management Corporation of Nigeria establishment bill 2010 has been unanimously passed by the Senate at its third reading, held on Wednesday, May 5, 2010.
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CBN Wins Regulator Of The Year Award 2009 -Friday, April 30, 2010
For its resolve and doggedness to sanitise the banking sector and ensure that operators play by the rules, the Central Bank of Nigeria (CBN) on Friday, April 30, 2010 bagged the “Regulator Of The Year Award” by the Leadership Awards For Excellence 2009. The Awards Ceremony, which was organised by the Leadership Newspapers Group Limited was part of a two-day Leadership Conference held from April 29 – 30, 2010 at the NICON Luxury Hotel, Abuja.
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Invitation To Tender For The Printing Of The CBN Annual Report And Financial Statements For The Year Ended 31st December, 2009 -Thursday, April 29, 2010
The Central Bank of Nigeria hereby invites reputable printing outfits with proven experience and expertise in handling flagship publications to tender for the printing of the CBN Annual Report and Financial Statements for the Year Ended 31st December, 2009.
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Notice Of Invitation For Bid For The IT Strategy Of The Bank -Thursday, April 29, 2010
The Central Bank of Nigeria invites sealed bids from bidders for the review of her Information Technology (IT) Strategy and the development of an IT Strategic Plan for her IT Department.
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CBN Position On Share Certificate As Collateral For Loans -Monday, April 26, 2010
The Central Bank of Nigeria (CBN) has noted with concern the misrepresentation of the Bank’s position on the use of banking shares as collateral for lending as reported in some national dailies and the subsequent comments on the same issue by some commentators.
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Central Bank of Nigeria Communiqué No. 69 of the Special Monetary Policy Committee Meeting, April 15, 2010 -Friday, April 16, 2010
The Monetary Policy Committee (MPC) held a special meeting on April 15, 2010 to, among other things, consider the modalities for the injection of N500 billion into the real economy in continuation of the current quantitative easing policy.
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Press Release: CBN establishes Small and Medium Enterprises (SME) Credit Guarantee Scheme (SMECGS) -Friday, April 16, 2010
In a bid to unlock the tight credit market in Nigeria, enhance credit to the real sector, and complement its 500 billion Naira Power/Manufacturing facility; the Management of the Central Bank of Nigeria (CBN) has approved the establishment of a N200 billion Small and Medium Enterprises Credit Guarantee Scheme (SMECGS), to promoting access to credit by manufacturers and SMEs in Nigeria.
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RE: Anxiety over Increased Demand for FOREX -Wednesday, April 07, 2010
The Central Bank of Nigeria (CBN) has noted with concern the above captioned story published in one of the national dailies over the weekend and, has, therefore, decided to correct the misrepresentation of the facts contained therein, which is capable of creating unnecessary panic in the foreign exchange market because of the sensitivity of financial markets to news/information.
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Press Release On CBN Boosts Safety And Rescue Operations In Abuja And Its Environs -Wednesday, March 31, 2010
The Central Bank of Nigeria (CBN) has given a major boost to safety and rescue operations in the Federal Capital Territory (FCT), through the acquisition of three motorized fire fighting vehicles and rescue equipment.
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CBN Signs Strategic Partnership Memorandum of Understanding with Malaysian Central Bank (Bank Negara) -Tuesday, March 30, 2010
The Central Bank of Nigeria and Bank Negara Malaysia (Central Bank of Malaysia) signed a memorandum of understanding to share expertise and exchange relevant information in the areas of Banking Supervision, Small and Medium Enterprises (SMEs), Microfinance, Islamic Finance, Monetary Policy, Development Finance Institutions, External Reserve Management, institutional arrangement for financial crisis management and resolution, Foreign Exchange Administration, Performance Management and Corporate Strategy, Leadership Development and Talent Management.
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Outcome of the Meeting of The Financial Services Regulation Coordinating Committee (FSRCC) - 16th March 2010 -Friday, March 05, 2010
The Financial Services Regulation Coordinating Committee (FSRCC) held its 40th meeting on Monday March 15, 2010 where it adopted policy directives for promoting a safe, sound and stable financial system. 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
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Central Bank Of Nigeria Help Desk For Complaints On ATM Transactions -Wednesday, February 03, 2010
The Central Bank of Nigeria (CBN) has noted with serious concern the growing complaints by the customers and the general public on ATM transactions and the inability of banks to resolve them within a reasonable time frame. In order to sustain public confidence in the Nigerian Payment System, the CBN has directed that henceforth all complaints on card transactions should be treated and responded to within 72 hours of receipt of the complaints by banks. 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.
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Re- Alleged limit to loan approval and five percent equity holding in banks -Monday, February 01, 2010
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.

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.
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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.


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Brief On Guidelines For Tenure Of Managing Directors Of Deposit Money Banks And Related Matters -Tuesday, January 19, 2010
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.

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.


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New Monetary Policy Committee (MPC) Members -Thursday, January 14, 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.
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CBN Appoints Executive Directors for Three Banks -Monday, January 04, 2010
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.
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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.
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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.
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Federal High Court Grants Mareva Injunction On Akingbola's Assets Worldwide - 31st Dec. 2009 -Thursday, December 31, 2009
A Federal High Court sitting in Lagos, on Thursday, December 31, 2009 has granted a freezing injunction and attachment worldwide on all assets of Dr. Erastus B. O. Akingbola, former Managing Director of Intercontinental Bank PLC, for total offences amounting to the tune of N346,185,841,243.75 and GBP Sterling 1,085,515.00.Click here for more.
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Press Release On Third Quarter (Q3) Results Released By Deposit Money Banks - 11th Dec. 2009 -Friday, December 11, 2009
In line with the Central Bank of Nigeria's new disclosure standards which are central to the Bank's ongoing banking sector reforms, all deposit money banks (DMBs) in Nigeria have announced financial results for the third quarter 2009 in line with clearly defined and transparent reporting requirements.
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Press Statement On Update on Banking Reforms 13th November, 2009 -Wednesday, November 04, 2009
In furtherance of the banking reforms exercise aimed at ensuring the stability and soundness of Nigeria's banking industry, the Central Bank of Nigeria, (CBN), has appointed advisers that will work with the ten deposit money banks - Afribank Plc, Finbank Plc, Intercontinental Bank Plc, Oceanic International Bank Plc, Union Bank of Nigeria Plc, Bank PHB Plc Equatorial Trust Bank Limited and Spring Bank Plc - whose management were recently replaced, as well as Wema Bank Plc and Unity Bank Plc.
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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
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Central Bank of Nigeria Communiqué No. 66 of the Monetary Policy Committee Meeting, November 03, 2009 -Monday, August 31, 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

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.
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Questions and Answers on The Examination of 14 Banks

FAQ on the recent CBN intervention involving 5 banks

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Invitation to a Town Hall Meeting in London -Tuesday, August 25, 2009
The Central Bank of Nigeria is pleased to invite stakeholders to a presentation by the Governor of the Central Bank of Nigeria at Andaz hotel London, on Friday, 28 August, 2009. The presentation will address recent developments in the macroeconomic environment and banking sector in Nigeria.
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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:
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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.
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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:
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Press Release - 19th August, 2009 -Sunday, August 16, 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:
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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.
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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:
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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.
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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...
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210th Meeting of The Monetary Policy Committee. -Thursday, August 06, 2009
The 210th meeting of the Monetary Policy Committee of the Central Bank of Nigeria is scheduled to hold on Tuesday, 1st September, 2009. The meeting will as usual review developments in the domestic and international economy since the last meeting held on 7th July, 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.
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Paper Presentations at the 14th Seminar for Finance Correspondents & Business Editors (15th-18th, July 2009) -Monday, July 20, 2009

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MPC Communique No. 64 of the Monetary Policy Committee Meeting -Tuesday, July 07, 2009
The Monetary Policy Committee Meeting (MPC) had a meeting on July 7, 2009 and reviewed latest domestic and international developments and their implications for the Nigeria economy.
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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

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An Assessment Of Current Development In The Nigerian Economy And The Central Bank Of Nigeria (CBN) Policy Action -Tuesday, July 07, 2009
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

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Monetary Policy Committee meeting -Friday, July 03, 2009
Monetary Policy Committee meeting is scheduled to hold on Tuesday, July 7, 2009. Venue is CBN Head Office, Abuja.

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.
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The Central Bank of Nigeria Currency Museum is now open -Thursday, June 11, 2009
The Central Bank of Nigeria Currency Museum is
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

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Sanusi Lamido Aminu Sanusi Assumes Duty at CBN -Thursday, June 04, 2009
Sanusi Assumes Duty
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.
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MPC Meeting -Monday, June 01, 2009
Monetary Policy Committee meeting scheduled to hold June 2, 2009 has been postponed. A new date will be announced later.
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MPC Communique No. 63 of the Monetary Policy Committee Meeting -Friday, May 22, 2009
The Monetary Policy Committee Meeting (MPC) had a meeting on May 21, 2009 and reviewed money and foreign exchange developments.
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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.
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50th Anniversary International Conference - The journey so far and the road ahead -Tuesday, April 21, 2009
Prof. Chukwuma C. SoludoAs 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.
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2008 Performance report on Agricultural Credit Guarantee Scheme Fund-Interest Drawback Programme (ACGSF-IDP) -Tuesday, April 21, 2009
The 2008 performance report on Agricultural Credit Guarantee Scheme Fund-Interest Drawback Programme (ACGSF-IDP) is out. It can be accessed from here.

Guidelines for Commercial Agriculture Credit Scheme (CACS).
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Short listed Consultants and Contractors -Wednesday, April 15, 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.
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Central Bank of Nigeria Communiqué No. 62 of the Monetary Policy Committee Meeting, April 08, 2009 -Thursday, April 09, 2009
The Monetary Policy Committee (MPC) met April 8, 2008 to review the challenges posed to the Nigerian economy by the complex mix of external and domestic economic and financial developments.
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Publication of Fortnightly FOREX Purchases by CBN on behalf of their Customers -Monday, April 06, 2009
Please 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.
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Banking in Nigeria at a Time of Global Financial Crisis -Monday, March 30, 2009
Presentation by Prof . Chukwuma C. Soludo, CFR, Governor, Central Bank of Nigeria at the Special Interactive Session on the Banking System,
at the Eko Hotel & Suites, Victoria Island, Lagos.
30th March, 2009
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Press Briefing on the Developments in the Banking Sector by the Governor of the Central Bank of Nigeria, Prof. Chukwuma C. Soludo -Monday, March 23, 2009
The Bankers Committee held an emergency meeting on Saturday,
21st March, 2009, and reviewed developments in both the international and the domestic economy with special focus on the banking sector.
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FOREX Help Desk
FOREX Help DeskThe 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.
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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
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Invitation For Prequalification -Monday, March 16, 2009
The Central Bank of Nigeria is desirous to undertake a pre-qualification exercise for the under-listed capital projects under the 2009 budget.

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
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FOREX Help Desk -Friday, March 13, 2009
FOREX Help DeskThe 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.
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Essay Competition: List of Valid Entries -Thursday, March 12, 2009
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.
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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..
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Click here for the comprehensive list of shortlisted candidates
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Vacancies at the West African Institute for Financial and Economic Management (WAIFEM) -Friday, March 06, 2009
Please, click below below for vacancies announcement for positions at the West African Institute for Financial and Economic Management (WAIFEM).
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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..
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Click here for the comprehensive list of shortlisted candidates
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Press Briefing on the Reforms in the Operations of the Bureaux De Change in Nigeria by the Governor of the Central Bank of Nigeria, Prof. Chukwuma C. Soludo -Wednesday, February 25, 2009
The Financial Sector Surveillance Committee (FSSC) met on the 23rd and 24th February, 2009, and among other things, reviewed the developments in the foreign exchange market especially the Bureaux de Change (BDC) segment of the market.
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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..
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Click here for the comprehensive list of shortlisted candidates
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Expression of Interest by Prospective Trainers of Operators, Non-Executive Directors and Supervisors of Microfinace Banks (MFBs) in Nigeria -Monday, February 23, 2009
The Central Bank of Nigeria (CBN) in collaboration with the Nigeria Deposit Insurance Corporation (NDIC) is establishing a Microfinance Certification Programme for Operators, Non-Executive Directors and Supervisors of Microfinance Banks in Nigeria.
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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.
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Press Statement on The Decision of the Court of Appeal in the Case of Savannah Bank of Nigeria Plc Vs Central Bank of Nigeria, Nigeria Deposit Insurance Corporation and the Inspector General of Police -Thursday, February 19, 2009
On 5th February, 2009, the Court of Appeal delivered judgement in the appeal filed by Savannah Bank of Nigeria Plc (SBN). It would be recalled that SBN had, on February 18, 2002, instituted an action before the Federal High Court, Abuja against the Central Bank of Nigeria (CBN), Nigeria Deposit Insurance Corporation (NDIC) and the Inspector General of Police (IGP) to challenge the revocation of its banking licence by the CBN on February 15, 2002.
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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.
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Click here for the comprehensive list
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Re: CBN Bars Banks from Excessive Publicity and Advertising -Monday, February 16, 2009
From news reports making the rounds among media houses, the Central Bank of Nigeria has observed a deliberate attempt at distorting the decision taken at the last Bankers' Committee Meeting held Friday, February 13, 2009.
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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..
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Click here for the comprehensive list
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Central Bank of Nigeria Monetary Policy Communique No. 61., February 9, 2009 -Tuesday, February 10, 2009
The Monetary Policy Committee (MPC) met February 9, 2009, and consequently decided amongst other things to leave the Monetary Policy Rate (MPR) unchanged at 9.75 per cent; and manage the exchange rate within a band of +/- 3 per cent until further notice.
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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
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CBN organises seminar on "The Challenges of Ensuring Appropriate Inflation Rate, Exchange Rate and Interest Rate Regimes in Nigeria -Thursday, February 05, 2009
The Central Bank of Nigeria hosted a seminar on "The Challenges of Ensuring Appropriate Inflation Rate, Exchange Rate and Interest Rate Regime in Nigeria" on Thursday, February 5th, 2009 at the Main Auditorium, CBN Head Office, Abuja.
The Governor of the Central Bank of Nigeria, Prof. Chukwuma C. Soludo, CFR, made a background presentation.
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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
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CBN Releases Details Of Retail Dutch Auction Sales (RDAS) For 2009. -Thursday, January 29, 2009
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Notice of Meeting on Import Duty Collection Scheme (IDCS) -Wednesday, January 28, 2009
This is to inform all Designated Banks for Customs Revenue Collection, Destination Inspection Service Providers and the Nigeria Customs (including NCS Area Controllers and the ASYCUDA Project Leader) that, the Import Duty Collection Scheme meeting has been scheduled to hold at the Conference Hall, Central Bank of Nigeria, Abeokuta on Friday, 6th February, 2009 at 11.00 a. m. prompt.
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Aptitude Test -Friday, January 23, 2009
In view of the unfolding logistic problems, the Management of the Central Bank of Nigeria in consultation with the FITC, has directed that the Aptitude test for recruitment into the Bank slated for Saturday, January 24, 2009, be postponed. A new date will be announced later.
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Global Financial and Economic Crisis: How Vulnerable is Nigeria? -Wednesday, January 21, 2009
A presentation by the Governor, Prof. Chukwuma.C. Soludo to the House Committee on Banking and Currency at the National Assembly on Wednesday 21st January 2009.
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Invitation for the Prequalification and Tender for the Provision of Courier Services -Tuesday, January 13, 2009
The Central Bank of Nigeria hereby invites reputable Courier Services Providers, with proven experience in handling corporate courier services and registered to do business in Nigeria to apply to pre-qualify and tender for the provision of Courier Services in Central Bank of Nigeria.
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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.
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Central Bank of Nigeria Organizes its Annual Microfinance Conference and Microfinance/Entrepreneurship Awards: January 22 - 23, 2009 -Monday, January 12, 2009
The Central Bank of Nigeria is organizing its Annual Microfinance Conference and Microfinance/ Entrepreneurship Awards from January 22 - 23, 2009. The Programme will hold at the Sheraton Hotel and Towers, Abuja, Nigeria. It will be declared open by Alhaji Umaru Musa Yar'adua (GCFR), President of the Federal Republic of Nigeria and Commander-in-Chief of the Armed Forces.
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Deployment of Resident Examiners to Banks -Friday, January 09, 2009
The Central Bank of Nigeria will with effect from, January 5, 2009 commence the deployment of Resident Examiners to deposit money banks in Nigeria, to monitor the observance of safe and sound banking practices and compliance with banking laws, rules and regulations, guidelines/circulars issued by the Bank.
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Central Bank of Nigeria Collaborates with Niger State Government to Organize Seminar on “Economic Empowerment through Microfinance and other Investment Opportunities” in Niger State -Monday, December 15, 2008
The Central Bank of Nigeria, as part of its efforts to promote development at the grassroots is collaborating with the Niger State Government to organize a one-day Seminar on “Economic Empowerment through Microfinance and Other Investment Opportunities”.
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Central Bank of Nigeria's Communiqué No. 59 of the Monetary Policy Committee, December 11, 2008 -Thursday, December 11, 2008
The Monetary Policy Committee (MPC) held its 206th meeting today, December 11, 2008 and reviewed the economic and financial developments in the international scene and the domestic economy. The Committee noted the continued weakening of the global economy despite the coordinated response by the fiscal authorities and central banks to the global financial crisis and the ensuing economic downturn. download
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Invitation To Bid For Purchase Of Demonetized Coins. -Monday, November 24, 2008
The Central Bank of Nigeria invites bids from the public, within and outside Nigeria, for the purchase of its 1991 design coins, withdrawn from circulation in 2007.
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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.
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Postponement Of Monetary Policy Committee Meeting -Monday, November 24, 2008
The Monetary Policy Committee (MPC) meeting, initially scheduled to hold on Tuesday, December 2, 2008, will now take place on Thursday, December 11, 2008.
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Re:Pre-Shipment Inspection Of Crude Oil Exports -Monday, November 17, 2008
Further to the CBN circulars referenced TED/AD/117/2004,TED/AD/126/
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
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De-Marketing Of Banks By Other Banks -Wednesday, October 22, 2008
A Circular reference BSD/08/2006 on the above subject titled " The Unethical and Unprofessional Practice Of De-Marketing Colleagues/Other Banks in the Industry by Spreading False Rumours", dated April 12,2006. The CBN has again noted with serious concern the recent practice whereby some officers of deposit money banks engage in the de-marketting of other banks through disparaging comments and the use of negative text messages.
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Reform of Discount Houses in Nigeria -Friday, October 10, 2008
In view of the developments in the financial system and the need to deepen the money and capital markets, the Central Bank of Nigeria has approved the following changes with regards to the operations of discount houses in Nigeria. 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.
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Guidelines for the Licensing, Operations and Regulation of Credit Bureaus in Nigeria -Wednesday, October 08, 2008
In the exercise of the powers conferred on the Central Bank of Nigeria by section 57 of the CBN Act 2007, No.7, the following guidelines are made as a guide to the licensing, operations and regulation of all credit bureaus in Nigeria.
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Notice of Meeting on Import Duty Collection Scheme (IDCS) -Wednesday, October 08, 2008
This is to inform all Designated Banks for Customs Revenue Collection, Destination Inspection Service Providers and the Nigeria Customs Service (including NCS Area Controllers and the ASYCUDA Project Leader) that, the Import Duty Collection Scheme meeting has been scheduled to hold at the Conference Hall, Central Bank of Nigeria, Abeokuta on Thursday, 16th October, 2008 at 11.00 a.m. prompt. Click here for details

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Rescheduling of Specific Debts -Wednesday, October 08, 2008
Several banks have recently indicated their desire to reschedule some of their capital market related exposures.
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MPC Meeting Postponed -Monday, October 06, 2008
The Monetary Policy Committee (MPC) meeting scheduled to hold on Tuesday, October, 7, 2008 has been postponed. A new date will be announced later.
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Rescheduling of Specific Debts -Monday, October 06, 2008
Several banks have recently indicated their desire to reschedule some of their capital market related exposures.
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Banks' Interest Rates and Charges on Loans and Deposits for August 2008 -Thursday, October 02, 2008
Please view the Banks' interest rates and charges on Loans and Deposits for the month of August 2008.
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Central Bank of Nigeria’s Communiqué No. 58 of the Monetary Policy Committee, September 18, 2008 -Thursday, September 18, 2008
The Monetary Policy Committee (MPC) held a special meeting on September 18, 2008, essentially to review the stance of monetary policy in the light of the evolving economic and financial developments in the domestic and international economies.
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Postponement of the Official Launching of the CBN Entrepreneurship Development Centre (EDC), Lagos -Monday, September 15, 2008
This is to inform the general public that the official launching of the Lagos
Entrepreneurship Development Centre(EDC) which was rescheduled for 5th
September, 2008 has been further postponed to September 19, 2008 owing to some unforeseen circumstances.
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Removal and Appointment of Directors in WEMA Bank Plc -Thursday, September 04, 2008
Following the recent developments in WEMA Bank Plc, the Central Bank of Nigeria hereby announces the removal and appointment of Directors in WEMA Bank Plc as stated in the attached instrument.
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Interim Capacity Building Programme for Operators of Microfinance Banks in Nigeria -Wednesday, September 03, 2008
Following the conversion of 607 Community Banks to Microfinance Banks (MFBs) and the licensing of about 90 new MFBs in Nigeria, the Central Bank of Nigeria (CBN) as part of its strategy to ensure that MFBs understand the nature of their operations, is organizing a two week capacity building programme for Operators of microfinance banks in Nigeria.
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Postponement of the Official Launching of the CBN Entrepreneurship Development Centre (EDC), Lagos -Wednesday, September 03, 2008
This is to inform the general public that the official launching of the Lagos
Entrepreneurship Development Centre(EDC) which was rescheduled for 5th
September, 2008 has been further postponed to September 19, 2008 owing to some unforeseen circumstances.
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Invitation to the Official Launching of the CBN Entrepreneurship Development Centre (EDC) -Tuesday, September 02, 2008
This is to inform the general public that the official launching of the Lagos Entrepreneurship Development Centre(EDC) which was postponed from 21st August, 2008 has been rescheduled to hold on September 5, 2008.
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Invitation for the Prequalification of Contractors for the Execution of Capital Development Projects under 2008 Budget -Wednesday, August 27, 2008
The Central Bank of Nigeria is desirous to undertake a pre-qualification exercise for the under-listed capital project under the 2008 budget.
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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.
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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.
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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
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Invitation to the Official Launching of the CBN Entrepreneurship Development Centre (EDC) -Tuesday, August 26, 2008
This is to inform the general public that the official launching of the Lagos Entrepreneurship Development Centre(EDC) which was postponed from 21st August, 2008 has been rescheduled to hold on September 5, 2008.
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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
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Circular to All Banks and Discount Houses on Cancellation of Common Accounting Year End -Monday, August 25, 2008
The CBN vide its earlier circular ref: BSD/DIR/GEN/VOL.2/2004 of May 16, 2008 had conveyed the agreement reached at the Bankers' Committee meeting of January 2008 to adopt December 31, 2008 as common accounting year end for banks and discount houses in Nigeria.
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A Framework for the Resolution of the Crisis in WEMA Bank Plc -Wednesday, August 20, 2008
Following a long and exhaustive meeting on WEMA Bank today by the CBN, NDIC, SEC, O'DUA Group Ltd, Mr. J.O. Omoyeni, and members of the Board of Directors of Wema Bank on the crisis that engulfed the bank and the way forward, the following conclusions/agreements on the road map for repositioning the bank were unanimously reached by all the parties as follows:
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Postponement of the Official Launching of the Lagos Entrepreneurship Development Centre (EDC) Initiative of the Central Bank of Nigeria -Monday, August 18, 2008
We regret to inform the general public that the launching of the Lagos Entrepreneurship Development Center (EDC) previously scheduled for August 21, 2008 has been postponed till further notice. The new date for the launching will be communicated to the public in due course.
The inconveniences of the postponement is highly regretted.
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Invitation To The Official Launching Of The CBN Entrepreneurship Development Centres (EDCs) -Tuesday, August 12, 2008
The Central Bank of Nigeria, as part of its efforts to build capacity for wealth creation and employment generation, as well as complement the efforts of relevant government agencies has initiated the Entrepreneurship Development Centres (EDCs) in six geo-political zones of the country.
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Central Bank of Nigeria's Communiqué No. 57 of the Monetary Policy Committee, August 5, 2008 -Tuesday, August 05, 2008
The Monetary Policy Committee (MPC) met August 5, 2008 and reviewed extensively the major macroeconomic developments in the domestic and global economy during the first seven months of 2008. In addition, it assessed the outlook for the rest of the year. The MPC noted that key domestic macroeconomic outcomes were mixed.
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CBN is recruiting
The Central Bank of Nigeria (CBN), Nigeria's Apex Financial institution is in the process of recruiting various cadres of staff...

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Invitation to the Official Launching of the CBN Entrepreneurship Development Centres -Tuesday, August 05, 2008
The Central Bank of Nigeria, as part of its efforts to build capacity for wealth creation and employment generation, as well as complement the efforts of relevant government agencies has initiated the Entrepreneurship Development Centres (EDCs) in six geo-political zones of the country.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...

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Press Briefing By Professor Chukwuma C. Soludo, CFR, Governor Of The Central Bank Of Nigeria In Response To Recent Developments In The Banking Industry -Thursday, July 24, 2008
In consideration of the recent developments and performance of the financial system, and a careful analysis of the medium term outlook, the CBN, at the end of the Financial System Surveillance Committee (FSSC) Meeting held today, July 23, 2008, has decided as follows: 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...

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Public Sensitization On Enforcement Of The Legislation On Clean Naira Campaign Kicks-Off In Kano -Tuesday, July 22, 2008
The sensitization of the general public on enforcement of section 21 of the CBN Act 2007 criminalizing the "abuse" of the Naira has kicked off in Kano with an interactive session with various stakeholders from Kano State on Thursday, July 17, 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...

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Presentation to the Press on the Outsourcing of Currency Processing and Distribution in the Central Bank of Nigeria -Wednesday, July 16, 2008
The Central Bank of Nigeria (CBN), as part of its restructuring and re-engineering programme aimed at refocusing the organization to its mandate, wishes to outsource its non-core functions of currency processing and distribution to the private sector, in line with best practice. In view of this the Director Currency and Branch Operations, Mr Ben Chii Onyido held a press Conference to sensitize Journalists. "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...

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Soludo Dismisses Fears Over Sliding Stock Prices -Tuesday, July 08, 2008
The Governor, Central Bank of Nigeria (CBN) Prof. Chukwuma C. Soludo allayed investors' fear over the sliding stock prices in the Nigerian capital market. Speaking at stakeholders' forum held on Friday, July 5, 2008 in Lagos to shore up investors' confidence, the Governor pointed out that volatility in stock market is a usual phenomenon in other jurisdictions all over the world....

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

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Central Bank of Nigeria takes Campaign on its Development Finance Activities to State Governments -Wednesday, July 02, 2008
In an on-going programme to sensitize State Governments on the development finance initiatives of the Central Bank of Nigeria, the Development Finance Department undertook visits to Lagos and Ondo States in the week of 23rd to 27th June, 2008. During the visits, the Department made presentations to the State Governors and the Executive Councils of the states on the Agricultural Credit Guarantee Scheme...

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

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Invitation for Bids for the Provision of Currency Processing and Distribution Services -Thursday, June 12, 2008
The Central Bank of Nigeria (CBN), as part of its restructuring and re-engineering programme aimed at refocusing the organization to its mandate, wishes to outsource its non-core functions of currency processing and distribution to the private sector, in line with best practice. The highlights of the Currency Processing and Distribution services are:...

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

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The CBN Policy on Foreign Banks' Participating in The Nigerian Banking System -Thursday, June 12, 2008
The attention of the Central Bank of Nigeria has been drawn to news report in the media insinuating that the Bank barred foreign banks from investing in the Nigerian banking industry. Nothing can be further from the truth.
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CBN Annual Report for the Year 2007 -Wednesday, May 28, 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
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Clearing at the New CBN Currency Centres -Friday, May 16, 2008
As you are aware, the Central Bank of Nigeria had recently opened four new branches at Awka, Lokoja, Umuahia and Asaba. Two additional branches have also been opened at Osogbo and Gombe. Enhancing the efficiency of the payments system is a key consideration in the drive to embark on the expansion of the branch network of the Bank. Click here for details
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Harmonisation of Clearing Cycles to Three Working Days. -Wednesday, May 07, 2008
The Management of the Central Bank of Nigeria has approved the harmonisation of the clearing cycle for upcountry and local payment instruments to three working days with effect from 5th May 2008. Click here for details
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Decision of the Federal High Court in the Case of Stockland Nig. Ltd. & 2 Others VS CBN & 5 Others -Tuesday, April 08, 2008
The Federal High Court on 2nd April 2008 delivered judgment in the above case which was instituted by the Plaintiffs to challenge the revocation of the banking licence of SGBN by the CBN in 2006 owing to the erosion of its capital and its poor financial condition. The court had ruled that while it is the prerogative of CBN, as the regulatory body for banks in Nigeria, to revoke a banking licence in deserving situations, SGBN should have been given ample time to meet the condition attached to the forbearance of a considerable portion of its huge indebtedness to CBN. click here for details
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MPC Meets: Moves To Tackle Inflation -Wednesday, April 02, 2008
The Monetary Policy Committee met on Tuesday, April 1, 2008 and expressed concern over the current rate of inflation. The committee therefore, resolved to raise the monetary policy rate (MPR) by 50 basis point from 9.5 to 10.0 per cent in order to check the inflationary trend. click for more
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CBN Currency Centre Lokoja Commence Operations -Wednesday, March 12, 2008
Cutting of the tapeIn 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
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President Umaru Musa Yar'Adua launches
N50 Billion Micro Credit Development Fund
-Tuesday, February 12, 2008
His Excellency,  Alhaji Umaru Musa Yar'Adua 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
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MPC Meets - focuses attention on the challenges for 2008 -Tuesday, February 05, 2008
The Monetary Policy Committee met on Tuesday, February 5, 2008 to review the major macroeconomic developments in the domestic and international environments since the last meeting which took place on December 4, 2007. The implementation of the fiscal, monetary and exchange rate policies as well as the challenges were also reviewed. Read more
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CBN hosts International Conference on Inflation Targeting -Thursday, January 31, 2008
Towards migrating to Inflation Targeting as a framework for the conduct of Monetary Policy in Nigeria come 2009, the Bank took a giant stride when it held an international conference at the CBN Main Auditorium on 19 January 2008. Nine papers were delivered during the conference by resource persons from the United States of America, United Kingdom, Israel, South Africa and the International Monetary Fund as well as the African Economic Research Consortium. Download all the papers here.
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CBN Refunds Excess Paris Club Debt Deductions To States. -Tuesday, January 22, 2008
Following the discovery of excess deductions from the statutory allocations of some states in the course of offsetting the Paris Club debt stock, the Central Bank of Nigeria has concluded arrangements to refund such excess deductions to the affected states. The bulk of such deductions were from the excess crude and the Petroleum Profit Tax (PPT) accounts. 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.
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List of Community Banks That Have Sucessfully Converted to Microfinance Banks as at December 31, 2007 -Monday, January 14, 2008
Following the expiration of December 31, 2007 deadline for all existing community banks to re-capitalize to a minimum of N20 million shareholders' fund, unimpaired by losses, and consequently convert to microfinance banks (MFB), it is imperative to publish the outcome of the conversion exercise for the guidance of the general public. Accordingly, the 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
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CBN Classifies FGN Bonds as Liquid Assets -Wednesday, January 02, 2008
To help deepen the financial market and enhance the information content of the yield curve for effective price discovery as well as bench-mark international best practices, the Deposit Money Banks and Discount Houses are hereby informed that all Federal Government of Nigeria bonds actively traded on the secondary market would henceforth qualify as liquid assets. See Circular for details
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Monetary Policy Communiqué NO. 53, December 4th, 2007 -Tuesday, December 04, 2007
The 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.
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201st MPC Meeting to hold in Abuja. -Thursday, November 29, 2007
The regular meeting of the 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.
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Economic Report for the Third Quarter of 2007 Released -Tuesday, November 27, 2007
Aggregate output growth measured by the gross domestic product (GDP) was estimated at 6.05 per cent during the 3rd quarter of 2007. Available data indicate growth in monetary aggregate during the review period. 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.
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CBN Economic Report for the First Half of 2007 -Friday, August 17, 2007
During the first half of 2007, the CBN pursued its primary mandate of maintaining monetary and price stability through monetary targeting. The Bank's monetary operations relied on the lending and deposit facilities anchored on the 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
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CBN, Circulars to Banks and other financial institutions operating in Nigeria -Friday, August 17, 2007
All banks and other financial institutions operating in Nigeria are 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.
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CBN, NDIC Committed to Banking System -Friday, August 17, 2007
The Governor, Prof. Chukwuma C. Soludo assure Nigerians and the world that the CBN and NDIC are committed to ensuring that the Nigerian banking system remains the safest and fastest growing among the emerging markets. This was part of a 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.
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CBN Reaffirms Commitment to Nation Building -Friday, August 17, 2007
Prof. Soludo announcing the new Naira agendaThe 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
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Governor Briefs Labour Leaders -Friday, August 17, 2007
Prof. Soludo announcing the new Naira agendaThe 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
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Prof. Soludo Unfolds the Strategic Agenda for the Naira -Tuesday, August 07, 2007
Prof. Soludo announcing the new Naira agendaThe 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.
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Annual Report & Statement of Accounts for year 2006 Released -Tuesday, August 07, 2007
Central Bank of Nigeria Annual Report & Statement of Accounts for year ended 31st December, 2006. This report provides an overview of the operations of the Central Bank of Nigeria (CBN) and the major economic outcomes in 2006. It is structured in four parts. 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).
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We Are Now Recruiting -Tuesday, July 10, 2007
We are seeking qualified, skilled, and energetic individuals to fill the vacant positions of 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
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Invitation to Bid for The Sale of The CBN Houses Extended by Two Weeks -Tuesday, July 10, 2007
This is to inform the general public (including political office holders and career officers who are not currently bonafide occupants of government houses) and incorporated entities that the invitation to bid for the sale of the CBN houses in twenty (20) locations across the Country placed on The Guardian; This Day; Daily Trust; The Punch; The Champion; The New Nigerian; and The Leadership Newspapers dated 13th June, 2007, has been extended by two weeks to enable members of the public submit their bids. details. The application form can be downloaded here.
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Africa Finance Corporation Starts Operations -Thursday, June 28, 2007
AFC Starts Operations
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.
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CBN Clarifies Pertinent Issues Concerning Spring Bank PLC -Wednesday, June 13, 2007
Go to www.cenbank.org/fss for moreThe 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.
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The Int'l Conference on the Financial System Strategy 2020 -Sunday, June 10, 2007

Go to www.cenbank.org/fss/fsshome.asp for more
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.
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CBN Governor Launched Security Dealing Room -Wednesday, May 30, 2007
The Governor of the Central Bank of Nigeria, 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.
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Highlights of the New Central Bank of Nigeria (CBN) Act, 2007 -Wednesday, May 30, 2007
The CBN proposed a number of measures for strengthening the CBN Acts. The Bill was deliberated upon by the Federal Executive Council and following their approval was forwarded to the National Assembly (NASS).The Act was thereafter assented to by the immediate past President. click here for more
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Invitation to Bid for Sale of Houses -Wednesday, April 04, 2007
In continuation of its implementation of the Monetization Policy and in accordance with the approved Federal Government Guidelines on the Sale of Houses, the Central bank of Nigeria hereby invites the general public (including political office holders and career officers who are not currently bonafide occupants of government houses) and incorporated entities to bid for the sale of residential CBN houses in Nineteen (19) locations across the Country. Click here for details.
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CBN Issues New Currency Notes & Coins -Wednesday, January 31, 2007
The New N20 NoteThe 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.
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We Are Recruiting -Wednesday, January 31, 2007
The Central Bank of Nigeria (CBN) is in the process of recruiting candidates to fill vacant positions in its Information Technology Department (ITD). In order to realize the above objective, applications are invited from suitably qualified candidates to fill 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.
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CBN Governor Bags Commander of the Federal Republic of Nigeria Award. -Friday, December 22, 2006
Prof. Charles C. SoludoPresident 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.
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2006 NTA Annual Lecture -Wednesday, December 13, 2006
The Governor, Professor Chukwuma C. Soludo on Tuesday, December 12, 2006 delivered the 2nd Nigerian Television Authority (NTA) National Public Lecture. The theme of the lecture which took place at the Nigeria Institute of International Affairs,Lagos was: Financial System Strategy 2020 - The Next Development Frontier Click Here For His Speech
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New Framework for Monetary Policy Implementation In Nigeria -Friday, December 08, 2006
The Governor,Professor Chukwuma C. Soludo last Monday, December 4,2006 unveiled the new Monetary Policy Framework at a briefing attended by the Chief Executives of deposit money banks and Media Practictitioners. Click Here For His Speech
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Prudent Oil Revenue Management: Soludo Calls for Constitutional Amendment -Thursday, November 30, 2006
Prof. Charles C. SoludoThe 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
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Nigeria As Africa's China. -Thursday, November 30, 2006
Prof. Charles C. SoludoThe 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
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CBN Hosts International Conference / Annual Micro Entrepreneurship Promotion Awards. -Tuesday, November 28, 2006
The Central Bank of Nigeria (CBN) in collaboration with the National Organizing Committee (NOC) on the International Year of Micro Credit will hold an International Microfinance Conference from 14th to 15th December, 2006. The theme of the Conference is "The Challenges of Microfinance Intermediation in an Emerging Economy" Click here for more on the conference.
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Soludo Speaks on Nigeria, Africa at Pennsylvania Varsity -Tuesday, October 17, 2006
Prof. Charles C. SoludoThe 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.
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Regulators & External Auditors of Financial Institutions Brainstorm -Tuesday, October 17, 2006
The Governor, Central Bank of Nigeria, Professor Charles C. Soludo said that given the recent banking sector consolidation and the attendant size of the new banks, corporate governance has become a big issue among operators in the Nigerian financial system. The Governor who was represented by the Deputy Governor (Operations), Dr. Shamsuddeen Usman stated this while declaring open the 3rd Conference of Regulators and External Auditors of Financial Institutions in Nigeria.
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CBN Refocuses on Price Stability as its Pre-eminent Mandate -Tuesday, October 17, 2006
Prof. Soludo giving his welcome remarksThe 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
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Reserve Bank of Zimbabwe Officials on a Study Visit to CBN -Tuesday, October 17, 2006
The Deputy Governors of the Central Bank of Zimbabwe, Dr. Charity L. Dhilwayo, poses with her team and The Deputy Governor Mr. Tunde LemoSome 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.
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President Obasanjo Commends CBN for Taking Services Closer To The People -Tuesday, October 17, 2006
Mr. President Laying the foundation stoneThe 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.
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Soludo Speaks on Obasanjo Legacy and the Challenge Ahead. -Tuesday, October 17, 2006
Prof. Charles C. Soludo
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"
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CBN Awards Mandates for External Asset Management -Wednesday, October 04, 2006
The Investment Committee of the Central Bank of Nigeria (CBN) at its meeting of 3rd October, 2006 appointed external fund managers for our foreign reserves in order to allow for professional management, diversification of investment and to leverage on the expertise of the foreign banks to transform Nigerian banks into global financial institutions. See Details
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Press Statement Re: INEC'S N20 Billion Trapped In The Central Bank of Nigeria -Tuesday, October 03, 2006
The attention of the Central bank of Nigeria has been drawn to news reports in most newspapers credited to the chairman of the Independent National Electoral Commission (INEC). Prof. Maurice Iwu, to the effect that INEC's N20 billion was trapped in the CBN. For avoidance of doubt, the CBN does not have such a mandate for N20 billion as alleged by the INEC chairman. Read More
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Appointment of Primary Dealers in Money Market Instruments: Request for Expression of Interest -Thursday, August 31, 2006
The Central bank of Nigeria, in its effort to deepen and improve the efficiency of the Money Market for effective liquidity management, is in the process of appointing Primary Dealers in Money Market Instruments. Primary Dealers will be selected in accordance with the procedures set out in the CBN Guidelines for Primary Dealership in Money Market Instruments.

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Guidelines for Developing Risk Management Framework For Individual Risk Elements In Banks -Monday, August 28, 2006
Further to our circular dated 15th September, 2005 on the Development of Risk Management Systems in Nigerian Banks, the CBN/NDIC Executive Committee on Supervision has prepared the 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.

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Macroeconomy: Progress Report on Monetary and Exchange Rate Policy and the Financial System -Friday, August 25, 2006
Professor Charles Soludo, in 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.
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CBN release Guideline for the operation of the Agricultural Credit Support Scheme (ACSS) -Friday, August 25, 2006
An Agricultural Credit Support Scheme (ACSS), has been established through the initiative of the Federal Government and Central Bank of Nigeria with the support of and participation of the Bankers committee. The shall have a fund of N50.0 billion from the contributions of the key participants. The purpose of ACSS is to develop the agricultural sector of the Nigerian economy by providing credit facilities to farmers at a single digit interest rate. According to the guidelines, the ACSS shall be managed by a 21 member committee central implementation committee (CIC) headed by a chairman.
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Re: Presidency Lied Over $34b Reserves, Says, Senator -Friday, August 25, 2006
The attention of Central Bank of Nigeria has been to an erroneous front page publication of Monday June 5, 2006 edition of a national Newspaper to the effect that the presidency lied, claiming that Nigeria has only US$9.09 billion in foreign reserves. This Press Release statement was released on June 6, 2006 by the head, Corporate Affairs.
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Diaspora Collaborative Research Program (DCRP) -Friday, August 25, 2006
The Central Bank of Nigeria welcomes applications from Nigerian's in diaspora and non-nationals who are leading economists in academia, banking, international research financial institutions and top research institutions to participate in 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).
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Economic Report for the First Quarter of 2006 -Friday, August 25, 2006
The Central Bank of Nigeria Quarterly Report is defined for dissemination of financial information of the Nigerian economy on current basis. The report analyses developments in the financial, fiscal, real and external sectors of the economy as well as international economic issues of interest.
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Code of Corporate Governance for Banks in Nigeria Post Consolidation. -Friday, August 25, 2006
Financial scandals around the world and the recent collapse of major corporate institutions in the USA had brought to the fore, once again, the need for the practice of good corporate governance, which is a system of managing the affairs of corporations with view to increasing shareholder value and meeting the expectations of the other stakeholders.
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CBN Restructures Currency Notes -Friday, August 25, 2006
Central Bank of Nigeria, has announced the restructuring of the nation's currencies as part of the payments systems reforms. At a media interactive session held April 11th, 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.
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CBN Launches Cheque Standards Scheme -Friday, August 25, 2006
The Governor holding up a copy of the documentFebruary 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.
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CBN Introduces N1000 Note -Friday, August 25, 2006
The New N1000 noteThe 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.
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Bank Consolidation: 13 point agenda -Friday, August 25, 2006
The Central bank of Nigeria has introduced a 13 point agenda on July 6, 2004 to address the perennial problem of systematic distress in the banking industry. This is aimed at recapitalization and consolidating banking industry for efficient delivery. See Consolidation Recourses and Frequently Asked Questions (FAQs)
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Facts : 1/1/1964
Central Bank of Nigeria, Port-Harcourt Branch:In 1964,Port-Harcourt Branch was opened for business.It was the second branch that was established by the CBN. It brought to 3, the number of Central Bank Offices in Nigeria at that time.
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