The Nigerian Postal Service (NIPOST) has refuted the claim by the Federal Inland Revenue Service (FIRS) in some tweets last week that the postal agency was...
The Central Bank of Nigeria (CBN) said on Tuesday beneficiaries of its Healthcare Research and Development Intervention Scheme, targeting manufacturing and development activities would have access...
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 economic...
Nigeria’s external reserves edged lower by $314.927 million from $36.214 billion on 28th June to $35.899 billion on 28th July 2020, equivalent to a 1% margin,...
Banks in Nigeria face higher borrowing costs and a monumental threat to revenues as the Central Bank of Nigeria (CBN)’s policies to bolster the naira creates...
The non-performing loans portfolio of banks in Nigeria added up to N1.2 trillion at the end of June, figures obtained from the Central Bank of Nigeria...
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 by...
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 end...
Governors of the 36 states in the country will meet on Wednesday to deliberate on the Basic Healthcare Provision Fund, Central Bank of Nigeria (CBN) loans...
The total exposure of banks to the economy ballooned by N3.3 trillion at the end of June compared to the corresponding period of May, the Central...
The Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, said on Monday the apex bank had funded about 20 projects valued at ₦26.278 under its...
The Central Bank of Nigeria (CBN), rising from its Monetary Policy Committee (MPC) meeting Monday retained its monetary policy rate, which measures the interest rate at...
The Nigerian Deposit Insurance Corporation (NDIC) is pursuing a legislative empowerment that will enable it make directors account for bank failures. The banking industry underwriter equally...
The Central Bank of Nigeria (CBN) has said it will engage a minimum of 370,000 youths in agricultural production all over Nigeria, in pursuit of its...
The Central Bank of Nigeria (CBN) on Monday announced a credit monitoring blueprint, planned to scale down the non-performing loan portfolio of the banking industry and...
The Central Bank of Nigeria (CBN) Monday directed banks to instantly halt the processing of new imports documents, seeking to bring maize into the country. It...
The suspended acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu has denied allegations that he failed to account for the interest that...
The Federal Government on Sunday handed over the National Theatre to the Central Bank of Nigeria and the Bankers’ Committee for restoration and upgrade. In his...
The inability of the Economic and Financial Crimes Commission (EFCC) to retrieve the $25,000 exhibit from the custody of the Central Bank of Nigeria (CBN) stalled...
Nigeria’s total circulated currency contracted by 2.6 per cent or N60billion to N2.29 trillion in June from N2.35 trillion the month before, the latest data from...
The Central Bank of Nigeria (CBN) amassed N122 billion from lenders in a move to tighten money supply in its latest round of mopping up excess...
The Minister of Finance, Budget and National Planning, Zainab Ahmed, and the Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele, has been summoned by...
The Central Bank of Nigeria (CBN) has described as fraudulent the operation of a phoney Twitter handle, @YusufPhilipYila, purported to belong to its Director of Development...
Business operators in various sectors expressed pessimism in Nigeria’s economy in the month of June, a new report by the Central Bank of Nigeria (CBN) revealed...
Nigeria’s Manufacturing Purchasing Managers’ Index (PMI), which measures the prevailing direction of economic trends in the manufacturing sector, stood at 41.1 points in June 2020, indicating...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market, mainstream business activities...
The Central Bank of Nigeria (CBN) has mobilised N216 billion ($598 million) from 26 banks with excess cash holdings as part of strategies to shore up...
The Central Bank of Nigeria (CBN) Thursday said it would fund the value chains of nine agricultural commodities with N432 billion during the 2020 wet planting...
Power Distribution Companies (Discos) in the country on Wednesday affirmed they were only able to access N58 billion from the Central Bank of Nigeria’s N213 billion...
A total of 1.6 million farmers will receive the financial support of the Central Bank of Nigeria (CBN) in the wet planting season this year. The...
Successful applicants, who meet the preconditions for the Central Bank of Nigeria’s (CBN) COVID-19 Targeted Credit Facility, will be in receipt of their funds 48 hours...
The Central Bank of Nigeria (CBN) has released guidelines for its novel Healthcare Sector Research and Development Intervention Scheme, targeting scholars, scientists and other stakeholders who...
The Central Bank of Nigeria (CBN) will auction treasury bills worth N821.797 billion with varying tenors in the third quarter of this year, its issue programme...
The Central Bank of Nigeria, CBN, Tuesday, announced a new rise of the nation’s foreign reserves by $2.7bn after long-witnessing major decline for several months. According...
Nigeria’s manufacturing sector recorded a contraction for the first time in the just concluded month of May after recording growth for 36 consecutive months, data obtained...
Nigeria’s external reserves expanded by $732.656 million or 2.1% in the one week period between 21st to 28th May 2020, data published by the Central Bank of Nigeria...
The Central Bank of Nigeria (CBN) has reviewed its guidelines for the operation of electronic payment channels in the country and has directed banks and payment...
The Central Bank of Nigeria (CBN) has projected that Nigeria will turn in a negative Gross Domestic Product in the second quarter of this year considering...
The Central Bank of Nigeria (CBN) Thursday afternoon reviewed the Monetary Policy Rate (MPR) downward by 100 basis points downward to 12.5% from 13.5%, which had...
The Central Bank of Nigeria (CBN) Wednesday announced it was offering a moratorium of 12 months to beneficiaries of its Other Financial Institutions (OFIs) COVID-19 intervention...
Ebonyi State Governor, David Umahi and his former Secretary to the State Government (SSG) Professor Bernard Odoh have engaged each other in a dirty war of...
The Central Bank of Nigeria (CBN) Thursday rescheduled its Monetary Policy Committee (MPC) meeting slated for next week due to the public holidays declared by the...
The Association of Bureaux De Change Operators of Nigeria (ABCON) Wednesday warned members and speculators in the currency market to abstain from the practice of putting...
Goods with local equivalents will no longer have the foreign exchange (forex) support of the central bank to import them as Nigeria grapples with a rapidly...
Over 5,000 beneficiaries of the Central Bank of Nigeria (CBN)’s N50 billion COVID-19 Targeted Credit Facility will receive their funds before the week runs out. Yusuf...
The Central Bank of Nigeria (CBN) and the Nigeria National Petroleum Corporation (NNPC) Monday agreed to fund the feeding and accommodation of Nigerians evacuated from foreign...
Inflationary pressure on the Naira might strengthen in the short term as the total currency in circulation enlarged from N2.29 trillion at the end of March...
Foreign investors in Nigeria, interested in transferring their funds abroad, will not face hurdles in doing so despite the current economic condition, the Central Bank of...
Nigeria’s foreign reserves rose for the first time in eleven months after shedding about $11.25 billion, the latest figures from the Central Bank of Nigeria (CBN)...
Governor Ifeanyi Ugwuanyi has revealed why his administration designated the Enugu Medical Diagnostic Centre as a COVID-19 isolation centre. The governor, who gave the explanation on...
