Central Bank of Nigeria

The Central Bank of Nigeria (CBN) disclosed that it is working with law enforcement agencies to arrest and prosecute people caught abusing the naira. The apex bank, in a statement on Tuesday, said the warning was necessitated by the…

A report has revealed that more cryptocurrency trading goes on in Nigeria than almost anywhere else in the world. This was disclosed by top cryptocurrency exchange platform Binance. The report accounts that Nigeria leads the world in…

Ahead of the Monetary Policy Committee (MPC) meeting of the Central Bank of Nigeria (CBN) on Monday, July 26 – Tuesday, July 27, 2021, the financial regulator has reiterated the resilience, safety, and soundness of Nigerian Deposit Money…

Fresh bank documents have revealed that Adamu Garba, a social critic and businessman, received funding from the Nigerian Government to build his app, Crowwe, in an apparent plot to rival Facebook and Twitter, People’s Gazette reveals.…

Nigeria has spent $1.2bn on food importation, doubling the foreign exchange used for the importation of food products in the fourth quarter of last year. Central Bank of Nigeria has supplied foreign exchange from October 2020 to March…

The Central Bank of Nigeria (CBN) on Friday removed the exchange rate of N379/$1 from its website homepage conforming with the bank’s policy that the NAFEX rate is now the default reference exchange rate for official and legitimate…

The Central Bank of Nigeria on Thursday said that deposits rose by N6.95tn between February 2019 and February 2020. The CBN disclosed this in its report on some of the personal statements of members of the Monetary Policy Committee.…

In an effort to create new opportunities and boost Nigeria’s N300 trillion gold industry, Dukia Gold, yesterday got approval from the Lagos Commodities and Futures Exchange (LCFE) to trade its exchange traded notes on its platform.…

Do you know that Nigeria appears in the highest bitcoin market all over Africa having the second-highest bitcoin volume worldwide? For the last 4 years, the spurring growth of bitcoin in Nigeria has blown storms due to its skyrocketing…

Mr Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN), has attributed the country’s rising inflation to worsening insecurity in parts of the country. Emefiele stated this on Tuesday while presenting the communique…

The Executive Vice-Chairman (EVC) of the Nigerian Communications Commission (NCC) Prof. Umar Danbatta, has said that the commission and the Central Bank of Nigeria (CBN) were strategising on making Nigerians financially inclusive.…

The Securities and Exchange Commission (SEC) says it will put on hold, admittance into its Regulatory Incubation Framework for Fintech firms, all persons affected by the Central Bank of Nigeria (CBN) crytocurrencies circular.…

Some economists on Wednesday in Lagos commended the Monetary Policy Committee (MPC) of the Central Bank of Nigeria for leaving all Monetary Policy Rates (MPR) unchanged. The experts who gave the commendations in separate interviews…

May & Baker Nigeria Plc has accessed N2.5 billion from the Central Bank of Nigeria (CBN) N100 billion intervention fund for the healthcare sector to cushion the COVID-19 impact. The Managing Director,…

The Nigerians in Diaspora Commission (NiDCOM) on Tuesday commended the Central Bank of Nigeria (CBN) for its new policy to grant unfettered access to Foreign Exchange (Forex) on Diaspora Remittances. Dabiri-Erewa, the…

#EndSARS movement protesters have reportedly blocked the headquarters of the Central Bank of Nigeria in Abuja. According to reports, the protesters parked their vehicles in front of the main gate of the CBN headquarters, blocking…

The Central Bank of Nigeria (CBN) on Thursday said it would continue its efforts to support the Federal Government’s economic diversification efforts by focusing on the textile sector. CBN’s Development Finance Department made…

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 policy measures taken by the regulator in response to the coronavirus pandemic. In…

The Central Bank of Nigeria (CBN) and the Nigeria National Petroleum Corporation (NNPC) on Monday agreed to fund the feeding and accommodation of evacuees in Lagos and Abuja. SEE ALSO: Nigerians Don't Want Evacuation From UK, US, Others…

Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, has assured investors of the security of their investments in the country in spite dwindling revenue from the sale of crude oil globally. SEE ALSO: Pregnant Access Bank Employee…

The domestic equities market closed update on Tuesday with a growth of 0.19 per cent just as the Monetary Policy Committee (MPC) retained all rates in spite of the COVID-19 pandemic. The News Agency of Nigeria (NAN) reports that…

A financial expert, Prof. Uche Uwaleke, on Wednesday, said that the federal government’s reduction in the price of fuel would complement the stimulus package announced by the Central Bank of Nigeria (CBN) to reduce the effect of COVID-19.…

Some financial economists on Tuesday commended the Central Bank of Nigeria (CBN) for coming up with some policy measures to ameliorate the effects of coronavirus pandemic on the country’s economy. SEE ALSO: Analysts Predict Naira…

The Central Bank of Nigeria (CBN) has announced reduction of interest rates in all its intervention facilities from nine percent to five percent per annum for one year to ameliorate the effect of coronavirus pandemic. SEE ALSO: Dollar…

The Central Bank of Nigeria (CBN) says the aggregate industry credit has risen from N15.3 trillion in May 2019 to about N17.4 trillion in January 2020. SEE ALSO: Dangote bags Brevity Anderson honorary patron’s award The CBN…

The Central Bank of Nigeria (CBN), says the impact of COVID-19 on economy is becoming severe, especially the declining global oil price and called for massive investment in agriculture. SEE ALSO: Nigeria-Ethiopia Cooperation will Provide…

Dr Obadiah Mailafiya, a former Deputy Governor of the Central Bank of Nigeria (CBN), has called on the elites in the country to mentor young people to become better and responsible citizens. SEE ALSO: Polygamy Will Keep The North Poor And…

A former Director of the Budgetary Department, Central Bank of Nigeria(CBN), Dr Titus Okunrounmu, has advised the Federal Government to explore the full potentials of mechanised farming to check rising inflation rate in the country. READ…

The Central Bank of Nigeria (CBN) says it has not prohibited the acceptance of foreign currency cash deposits by Deposit Money Banks (DMBs). SEE ALSO: Court adjourns Andrew Yakubu’s $9.8m NNPC fraud case until Jan. 16 The CBN…