The Central Bank of Nigeria (CBN) would bear up to 50 per cent of the risk on loans availed to farmers under its Private Sector-led Accelerated Agriculture...
The Central Bank of Nigeria labelled 20 #ENDSARS protesters, whose accounts were frozen as terrorists in order to obtain an order for the freezing of their...
The Central Bank of Nigeria (CBN) on Tuesday responded to a suit filed by a Lagos-based lawyer, Chief Malcolm Omirhobo, at the Federal High Court, Lagos,...
The Nigerian Senate says it is not aware of the freezing of the accounts of some #EndSARS campaigners by the Central Bank of Nigeria (CBN). The...
The exposure of the Asset Management Corporation of Nigeria (AMCON) to the central bank might balloon by as much as 75 per cent from N4 trillion...
Some young Nigerians who participated in the #EndSARS protest against police brutality and extortion in the country have their accounts frozen by the Central Bank of...
Justice A.R. Mohammed of the Federal High Court, Abuja, has ordered the Central Bank of Nigeria (CBN) to freeze the accounts of 20 suspected #EndSARS promoters...
The Central Bank of Nigeria (CBN) has issued guidelines for NIRSAL Microfinance Bank to begin the disbursement of the N75 billion Youth Investment Fund. The apex...
The Economic and Financial Crimes Commission, (EFCC) has been asked to probe the Central Bank of Nigeria (CBN) over concession allegedly granted a private company for...
The total currency in circulation rose to N2.426 trillion in September, 2.4% or N56.44 trillion higher than the N2.369 trillion recorded in August, figures obtained from...
The Central Bank of Nigeria (CBN) Monday charged banks and financial institutions to upgrade their alert procedures in their anti-money laundering and combating the financing of...
The official website of the Central Bank of Nigeria may have come under cyber attack on Friday from Anonymous, a group of foreign Internet activists showing...
Nigeria’s foreign reserves fell by $50.83 million from $35.75 billion to $35.69 billion in the ten-day period between 2nd and 12th October 2020, data from the Central Bank...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to the mainstream...
The Central Bank of Nigeria (CBN) has warned Nigerians against dubious loan offers and investment schemes through messages and videos on social media, requesting loan seekers...
The Central Bank of Nigeria (CBN) said it expects Nigeria’s international reserves, which opened at $38.100 billion in January to close the year anywhere between $29.9 billion and...
Nigeria’s foreign reserves advanced just at the marginal rate of 0.16% or $58.464 million in the one month period between 29th August and 29th September, data from the Central Bank...
The Central Bank of Nigeria (CBN) will henceforth bear the loss burden of farmers in its Anchor Borrowers Programme by 50%, as food crisis escalates in...
The Central Bank of Nigeria (CBN), rising from its Monetary Policy Committee (MPC) session Tuesday afternoon, lowered its lending rate to banks by 100 basis points...
The Central Bank of Nigeria (CBN) has requested banks to hand in key transaction information including domiciliary account statements and Bank Verification Numbers of 12 high-ranking...
The Post-No-Debit order placed on accounts of 38 companies, including that of Baba Ijebu, a betting company, has been lifted partially by the Central Bank of...
The Nigerian government has issued the modalities for the deployment of a solar mini-grid in the power industry. Goddy Jedy-Egba, the Minister of State for Power,...
The Central Bank of Nigeria (CBN) on Tuesday announced a N200 billion family home financing initiative in support of the Nigerian government’s quest for providing 300,000...
The Central Bank of Nigeria (CBN) said it had so far disbursed funds in the neighbourhood of N369 billion to manufacturers, small and medium scale enterprises,...
Naira depreciated by 1.09% to N460 on the parallel market on Monday, days after President Muhammadu Buhari ordered the Central Bank of Nigeria (CBN) to halt...
The inflow of foreign exchange into Nigeria shrank by 43.2% to $5.52 billion in May as Africa’s biggest economy took a battering from a record crash...
The Central Bank of Nigeria (CBN) Tuesday issued a rejoinder to a recent press release by the Nigerian Economic Summit Group (NESG), attacking some of the...
The total debt of the Nigerian government (not including states and the Federal Capital Territory) came to N24.52 trillion at the end of March, the Central...
Secured loans to households increased in the second quarter of this year, the Central Bank of Nigeria (CBN) said in its ‘Credit Conditions Survey’ report posted...
The restart of foreign exchange sales by the Central Bank of Nigeria (CBN) to Bureaux De Change (BDCs) on Monday is anticipated to strengthen the naira...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to the mainstream...
Bank accounts belonging to Premier Lotto, owned by Chief Adebutu Kensington, popularly called ‘Baba Ijebu’, have been ordered frozen by the Central Bank of Nigeria (CBN)...
Former Emir of Kano, Mallam Muhammed Sanusi, has denied any interest in the next general elections slated for the year 2023, stating that he harbours no...
The Central Bank of Nigeria (CBN) has fixed the upper limit an obligor can access under its N250 billion gas intervention fund at N10 billion. It...
The Nigerian Customs Service (NCS) has confirmed that four firms have been issued emergency approval by the Central Bank of Nigeria (CBN) to import 262,000 tons...
The Central Bank of Nigeria (CBN) sold foreign exchange worth $50 million on the spot and forward markets in what the regulator called a test trade...
The Central Bank of Nigeria (CBN) has directed deposit money banks to review the interest payable on savings deposits downward to a minimum of 10 per...
The Central Bank of Nigeria (CBN) has barred parent companies or any other associated entities of Payment Service Banks (PSBs) from providing preferential treatment, which nullifies...
The Central Bank of Nigeria (CBN) is trying to compel non-oil exporters to process dollar proceeds through local lenders to improve dollar liquidity and shore up...
The Central Bank of Nigeria (CBN) will restart sales of foreign exchange to bureau de change on 31st August ahead of resumption of international flights, according to...
Nigeria’s manufacturing Purchasing Manger Index (PMI), which measures the general direction of economic trends in the manufacturing sector of the economy, stood at 48.5 index points...
The Central Bank of Nigeria (CBN) and the Bankers’ Committee, which is made up of the chief executives of Nigerian banks and the directors of different...
The Central Bank of Nigeria (CBN), together with the Bankers’ Committee, said it would impose sanctions on exporters who refused to repatriate forex proceeds from their...
The Central Bank of Nigeria (CBN) said it would eradicate the abuse of foreign exchange and other practices by dealers, capable of affecting goods purchased by...
The Nigerian government posted a fiscal deficit of N488.24 billion in April, 169% higher than the benchmark, the Central Bank of Nigeria (CBN) said Tuesday. “The...
The Director of Financial Policy and Regulation at the Central Bank of Nigeria (CBN), Mr. Kevin Amugo, said on Tuesday Nigerian banks recovered about N50.32million bad...
The Central Bank of Nigeria (CBN) has got government’s nod to establish a N15 trillion ($39.4 billion) infrastructure development firm with the sovereign wealth fund to...
The House of Representatives Thursday kicked against the failure of the Central Bank of Nigeria (CBN) to account for the $11 billion withdrawn from the Excess...
The loan portfolio of deposit money banks in the country leapt by 21 per cent to N3.3 trillion in 12 months, Gregory Kronsten, Macroeconomic and Fixed...
Nigeria’s aspiration of harmonising its various exchange rates has been brightened by the recent modification of the Central Bank of Nigeria (CBN)’s spot exchange rate, data...
