CBN hits back at Nigerian Economic Summit Group over economy rating
The Central Bank of Nigeria has debunked a recent statement by the Nigerian Economic Summit Group, where the latter accused the apex bank of poor […]
CBN
Anchor borrowers: Zulum hosts CBN team, wants 65,000 hectares cultivated in Borno
Borno Governor, Professor Babagana Umara Zulum Monday hosted an agro-facilitating team from the Central Bank of Nigeria, with the governor targeting the cultivation of 65,000 […]
Speculators count losses as Naira strengthens against dollar
ABUJA – Speculators in Nigeria’s foreign exchange market are set to count huge losses as the Naira continues to surge against the dollar, following the […]
CBN reviews rate on local currency savings deposit
Central Bank of Nigeria (CBN) has reviewed the rate on local currency savings deposit, so rates shall be negotiable subject to a minimum of 10% […]
CBN goes tough on exporters over forex non-repatriation
*As Emefiele meets multi-national coys CEOs As part of its effort to increase foreign exchange liquidity in the country, the Central Bank of Nigeria (CBN) […]
N540m was disbursed to 3,161 farmers in 3 months – CBN
The Central Bank of Nigeria (CBN) has said it allocated credit worth N539.8 million to farmers between January and March this year, its third quarter […]
Government spending on pension, gratuity hit N292bn in 2019 – CBN
Government’s expenditure on pension and gratuity settlement came to N292.38 billion last year, the Central Bank of Nigeria (CBN) has said. According to a report […]
Disbursement to commercial farmers hits N635bn – CBN
The Central Bank of Nigeria (CBN) support to agribusiness farmers through the Commercial Agriculture Credit Scheme since the initiative launched totalled N635.39 billion at the […]
CBN approves N50b intervention fund for Textile Industry
The Central Bank of Nigeria (CBN) has announced N50 billion special mechanism funds to revive the ailing textiles industry. The funds to be administered by […]
MPC retains MPR at 12.5%, holds other policy parameters constant
By Mustapha Sumaila The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), has retained Monetary Policy Rate (MPR) at 12.5 per cent […]
Nigeria’s foreign reserves dips more, shed $454m in 6 weeks
Nigeria’s foreign reserves depleted by $454 million from $36.572 billion to $36.118 billion in the 45-day period between 1st June and 15th July, latest data […]
NDIC seeks CBN collaboration in bank licensing
By Ginika Okoye Abuja, July 16, 2020 (NAN) The Nigeria Deposit Insurance Corporation (NDIC) has emphasized the need for the corporation to be involved in the […]
Senate invites minister, CBN, others over ‘financial crimes’ by IOCs
The upper chamber of the National Assembly, the Senate on Wednesday summoned the Minister of Finance, Budget and National Planning, Zainab Ahmed, to brief it […]
CBN, NNPC to pay N1bn to bring home 4000 stranded Nigerians abroad
Minister of Foreign Affairs Mr Geoffrey Onyeama said Monday that the Nigerian National Petroleum Corporation (NNPC) and the Central Bank of Nigeria (CBN) have agreed […]
CBN assures foreign investors of ease of forex repatriation
The Central Bank of Nigeria (CBN) has said that despite the current economic condition, foreign investors in Nigeria interested in transferring their funds abroad will […]