The Nigerian banking sector’s credit to the private sector was topped by N425 billion in September as aggregate rose from the N33.4 trillion in August to...
Nigeria’s central bank digital currency (CBDC), the eNaira, is now live following an announcement by President Muhammadu Buhari on Monday. The digital currency has two applications to drive...
Latest data by the Central Bank of Nigeria showed the country’s foreign reserves surged by $943.48 million week-on-week to touch $40.76 billion as at October 20....
The Central Bank of Nigeria (CBN) has said the eNaira will be available to Nigerians without Internet-enabled phones. The CBN disclosed this in a document obtained...
The Central Bank of Nigeria (CBN) has expressed its determination to address the existing challenges in the country’s wheat value chain as part of efforts to...
The naira exchanged to the dollar at 580 on Friday, while the Pound Sterling traded for 780 at the parallel market. Some Bureau de Change (BDCs)...
The official website of the upcoming Central Bank of Nigeria’s (CBN) digital currency, the eNaira portal, has gone live, exactly one week to the planned launch...
The Central Bank of Nigeria (CBN) has announced plans to set up the Nigerian International Financial Centre (NIFC) to act as a gateway for funds and...
External reserves depletes by $180m in two weeks The Central Bank of the Nigeria (CBN) has revealed that the country’s external reserves lost $180...
N15trn InfraCo begins operation this quarter The N15 trillion Infrastructure Corporation of Nigeria (InfraCo) will begin operations in the third quarter of this year,...
CBN authorises payment service banks in Nigeria to sell dollars The Central of Nigeria (CBN) has released supervisory framework for payment service banks (PSB)....
CBN orders PSBs to report suspicious transactions The Central Bank of Nigeria (CBN) has ordered the Payment Service Banks to report suspicious transactions to the...
CBN DATA: Credit to private sector hits N32.2trn in May Amid banks lending to real sector, the Central Bank of Nigeria (CBN) has disclosed...
Foreign reserves shed $2.3bn in H1 amid rising oil price The Central Bank of Nigeria (CBN) has disclosed that Nigeria’s foreign reserves dropped by...
Mass metering first phase to gulp N60bn, says FG The Central Bank of Nigeria (CBN) is providing N60 billion for one million electricity...
CBN to start assisting Gambia to print currency, says Emefiele The Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, has said that the...
How CBN is salvaging Nigeria economy with 37 intervention programmes ― Ag Director The Acting Director, Corporate Communications Department of the apex bank, Mr...
CBN makes U-turn on crpto, to unveil digital naira this year Away from initial impression against dealing in cryptocurrencies in Nigeria, the Central Bank...
CBN rebuts report on planned nationalisation of Unity Bank The Central Bank of Nigeria (CBN) has denied planning to nationalise Unity Bank Plc as...
CBN increases forex allocation to banks, assures liquidity for Invisibles The Central Bank of Nigeria (CBN) has concluded plans to increase the amount of...