Central Bank of Nigeria (CBN)

The governor of the Central Bank Of Nigeria (CBN), Godwin Emefiele has spoken up about the current ban of cryptocurrency in the country.Godwin Emefiele, who appeared before the Senate Joint Committee on Banking, Insurance, and other…

Prof. Kingsley Moghalu, former Deputy Governor, Central Bank of Nigeria (CBN), has felicitated with Prof. George Obiozor on his election as the President-General of Ohaneze Ndigbo.Obiozor, also a former Nigerian Ambassador to the US,…

Dr Hassan Mahmud, Director, Monetary Policy Department, Central Bank of Nigeria (CBN), on Tuesday advised West African countries affected by COVID-19 pandemic to look inward and use their domestic resources to revamp their…

Nigeria’s private sector faces an imminent funding crisis as the Federal Government plans to borrow as much as N2.188 trillion locally to fund the amended 2020 budget now put at N10.509 trillion. The government’s review of the 2020 budget…

Central Bank of Nigeria (CBN) Plateau office has been engulfed by fire.CBN made the disclosure on its official Twitter account.The Apex bank tweeted; “Minor fire outbreak at the Jos branch of Central bank of Nigeria, promptly…

People's Democratic Party (PDP) has called on the federal government to suspend ATM, Mobile Transfer and electricity charges to alleviate the pain of Nigerians during COVID-19 Pandemic.In a statement issued by the party…

Chief Audu Ogbeh, former Minister of Agriculture and Rural Development, has commended the Central Bank of Nigeria (CBN) for reducing interests’ rate on its funds from nine to five per cent.Speaking with the News Agency of Nigeria…

The Central Bank of Nigeria (CBN) says market fundamentals do not support Naira devaluation this time around. SEE ALSO: AFAN bemoans as prices of Sesame, Hibiscus crash in Jigawa The CBN made this known in a statement by the bank’s…

The Nigerian Medical Association(NMA) has urged the Central Bank of Nigeria (CBN) to set up a dedicated Health Bank to help improve access to funding and promote the development of the health sector.NMA President, Dr Francis…

The Central Bank of Nigeria (CBN) says it has initiated a livestock development facility to accelerate beef and milk productions in the country.Mr Mahmood Nyako, the Head of Finance Development Office (DFO) of the CBN in…

An Agro-based Non-Governmental Organisation, Stocks and Minas Agricultural Advocacy Network Africa (SMAANA) in collaboration with the Central Bank of Nigeria (CBN) on Saturday inaugurated a 10,000 hectares oil-palm plantation in…

The Chairman, National Agricultural Foundation, Sen. Abdullahi Adamu, has restated the need for the Central Bank of Nigeria (CBN) to hand over the administration of the Anchor Borrowers Programme and other agricultural programmes. …

The Governor of  the Central Bank of Nigeria (CBN), Dr Godwin Emefiele said on Saturday that the Bankers Committee would spend N20 billion to carry out maintenance works at  the National  Art Theatre, LagosEmefiele told…

Access Bank Executive Director Victor Etuokwu says various monetary policies by the Central Bank of Nigeria (CBN) has created a virile banking sector, capable of safeguarding depositors’ funds.Etuokwu said the monetary…

The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele says if border closure is sustained for the next two years, issue of insurgency, banditry and kidnapping will be totally eradicated.Emefiele stated this at…

First Bank of Nigeria Limited has expressed its commitment to driving financial inclusion across Nigeria. With currently over 37,000 Firstmonie Agents, present in 99% of the 774 Local Government Areas in Nigeria, the Bank is the leading…

President Muhammadu Buhari’s ‘’rice revolution’’ is laudable. Before the ‘’crop rebellion’’, Nigeria spent about $1.65 billion annually importing rice from Thailand and India. But the country is not yet home and dry in food production.…

The Ministry of Trade and Investment on Tuesday offered an explanation on the alleged illegal transfer of about N14billion from the 2017 appropriation budget of the Nigeria Export Processing Zones Authority (NEPZA).The ministry in its…

The Central Bank of Nigeria (CBN) has opposed plans by MTN to charge their subscribers for Unstructured Supplementary Service Data (USSD) access to banking services from Oct. 21.The Governor of CBN, Mr Godwin Emefiele, gave the bank’s…

The Central Bank of Nigeria (CBN) has injected 325.5million dollars in the Retail Secondary Market Intervention Sales (SMIS) and CNY14million in the spot and short-tenured forwards segment of the inter-bank foreign market.The CBN …

The Nigeria Deposit Insurance Corporation (NDIC), has advised depositors to patronise the existing Microfinance Banks (MFBs) in the country, saying they are safe for operations.The Managing Director of NDIC, Alhaji Umaru…

National Health Insurance Scheme (NHIS), on Sunday, dismissed allegations that the organisation’s account was hacked for fraudulent operation by the staff of Clearline International Limited, a Health Maintenance Organisation (HMO).NHIS …

The Central Bank of Nigeria (CBN) on Thursday, at the meeting with State Governors, disclosed that its bid to revive Cotton, Textile and Garment (CTG) industry in Nigeria is targeted at engaging 300,000 farmers to achieve 450,000 metric…

Financial experts have commended the Central Bank of Nigeria (CBN) for its efforts in ensuring implementation of cashless policy in the country, just as they faulted the apex bank for inadequate sensitisation.The News Agency of Nigeria…

The Central Bank of Nigeria (CBN), has injected  297.92 million dollars into the retail Secondary Market Intervention Sales (SMIS).The bank’s Director, Corporate Communications Department, Mr Isaac Okorafor made this known in a…

President Muhammadu Buhari on Tuesday said he had directed the Central Bank of Nigeria (CBN) to stop providing foreign exchange for those importing food into Nigeria.Buhari disclosed this when he hosted All Progressives Congress (APC…

The Central Bank of Nigeria (CBN) has injected the sum of 210 million dollars into the inter-bank Foreign Exchange Market after the transactions on Tuesday, July 30.The bank’s Director, Corporate Communications Department, Mr Isaac…

The Central Bank of Nigeria (CBN) has injected 284.2 million dollars in the retail Secondary Market Intervention Sales (SMIS).The bank’s Director, Corporate Communications Department, Mr Isaac Okorafor, made this known in a statement in…

The Central Bank of Nigeria (CBN) on Friday injected the sum of 242.04 million dollars into the retail Secondary Market and 32.3 million Chinese Yuan CNY in the spot and short tenured segment of the inter-bank foreign market.The Bank’s…

The proactive regulatory interventions initiated by the Nigerian Communications Commission (NCC) and the Central Bank of Nigeria (CBN) would instill investors’ confidence in the telecommunications market, Prof. Umar Danbatta, has said.…