Central Bank of Nigeria

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…

GBfoods, a culinary product manufacturing, in partnership with the Central Bank of Nigeria (CBN), Kebbi State Government and the Emirate of Yauri, recently built a N20 billion Tomato processing factory, in Kebbi State.The factory was…

The Deputy Governor, Financial System Stability Department, Central Bank of Nigeria (CBN), Mrs Aisha Ahmad, has said that 17 commercial banks have submitted requests, as at last month, to restructure over 32,000 loans for individuals and…

Nigeria’s central bank unexpectedly cut its key interest rate to the lowest in four years to try to avert a recession in Africa’s largest economy.Of the 10 members of the monetary policy committee who attended the meeting, seven voted…

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 awardThe 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. 16The CBN…

The katsina state branch of the Central Bank of Nigeria (CBN), says it facilitated the refund of N82.04 million to customers of commercial banks in the state in 2019, arising from 57 complaints received by the apex bank. SEE ALSO: Cyber…

The Central Bank of Nigeria (CBN) has injected the sum of 292.34million dollars into the Retail Secondary Market Intervention Sales (SMIS).CBN Director, Corporate Communications, Mr Isaac Okorafor made this known in a statement in…

Coronation Merchant Bank on Wednesday expressed optimism that the nation’s currency would not be devalued in 2020 as being speculated in some quarters.SEE ALSO: Stable exchange rate best choice for Nigeria – EmefieleThis, among…

The Central Bank of Nigeria (CBN) has injected the sum of 210 million dollars into the inter-bank Foreign Exchange Market to boost liquidity in the sector.The bank’s Director, Corporate Communications Department, Mr…

The Central Bank of Nigeria (CBN) has injected the sum of 218.41 million dollars into the retail Secondary Market Intervention Sales (SMIS).SEE ALSO: Treasury Bills: Individual Not Restricted From Investing -MeristemThe bank’s…