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. Click here for details
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. Click here for details
National Clearing System Re-Visited:In January 1995, a revised clearing rule became operational to facilitate effective clearing of financial instruments and shorten the period of clearing.
Consequently, inter-state cheque clearing time was reduced from 21 days to 15 days, while intra-state clearing has been reduced from 12 days to 9 days.