The wide gap in the naira/dollar exchange rates in the different segments of the foreign exchange market is likely to be reduced when the Central Bank...
By CBN In line with a directive of the Power Sector Coordination Working Group to improve payment discipline in the Nigerian Electricity Supply Industry (NESI), and...
The Central Bank of Nigeria has moved to curb abuse of forex acquisition by dealers as the apex bank banned with immediate effect involvement of third...
The country’s total export earnings fell by 14.9 per cent to $13.39bn in April due to decline in crude oil prices. The Central Bank of Nigeria...
The Central Bank of Nigeria (CBN) disbursed lower denomination banknotes worth N237.14 billion to microfinance banks (mfbs), merchants, shopping malls, market associations among others in 2019,...
CBN could not but adjust the exchange rate in view of exigencies In many ways, the latest adjustment by the Central Bank of Nigeria (CBN), of...
The Central Bank of Nigeria (CBN) has committed a sum of N435 million to capacity building in Nigerian universities as part of its involvement in community...
The general public and deposit money banks (DMBs) in Nigeria have in their custodies a total sum of N2.39 trillion that constituted currency-in-circulation (CIC) in the...
…as apex bank rolls out modalities The Central Bank of Nigeria (CBN) has approved N50 billion intervention fund for the revamping of Nigerian textile industry....
The Central Bank of Nigeria (CBN) is to establish an Infrastructure Development Company, its governor, Godwin Emefiele, disclosed on Monday in Abuja. Mr Emefiele, who spoke...
Majority of Nigerian believe that further increase in prices of commodities and services in Nigeria will lead to the economy growing weaker This is the result...
Importation of maize into Nigeria is now an abomination as the Central Bank of Nigeria (CBN) just added the staple to the list items banned from...
Energy firms in the country owe Nigerian banks a total of N5.59 trillion, the sectoral analysis of banks’ credits by the Central Bank of Nigeria (CBN)...
The Central Bank of Nigeria (CBN) injected $11.5 billion foreign exchange (Forex) into the economy in the first three months of 2020 to boost the capacity...
Commercial Banks in Nigeria have counted loses to the tune of N122 billion ($338) as the Central Bank of Nigeria (CBN) hit them with extra ordinary...
The Central Bank of Nigeria (CBN) has raised an alarm to members of the public over the operation of a fake Twitter handle, @yusufPhilipYila, which was...
By Rarzack Olaegbe The coronavirus pandemic is still here. It has come to destroy, to disrupt and to distribute opportunities. To seize some of these opportunities,...
The Central Bank of Nigeria (CBN) has vowed to do all it takes to sustain efforts at steering the Nigerian economy away from the looming recession...
The Central Bank of Nigeria (CBN) is to provide agricultural funding for about 1.6 million farmers during the 2020 wet planting season. The apex disclosed bank...
Huge cash transactions in the economy has continued to rise as currency in circulation rose to N2.35 trillion in May. This was despite coronavirus-induced lockdown and...
