FG revenue declined by 36% in Q1 2020- CBN

The Central Bank of Nigeria in its quarterly report titled “Federation account operations,” disclosed that federally-collected…

Credit from CBN to commercial farmers hits N635.4bn

The Central Bank of Nigeria in its “Economic report for the first quarter of 2020 on…

FG spends N26.28bn on Healthcare Intervention

The Governor of the Central Bank of Nigeria, Godwin Emefiele, on Monday disclosed that about 20…

CBN retains MPR at 12.5%

The Monetary Policy Committee of the Central Bank of Nigeria has retained the monetary policy rate…

CBN to empower farmers for cultivation

The Central Bank of Nigeria has offered to provide agricultural funding for about 1.6 million farmers…

CBN gets commendation on bailout funds for manufacturers

The Central Bank of Nigeria has been commended by the manufacturers on the planned disbursement of…

CBN reduces MPR to 12.5 percent

The Central Bank of Nigeria on Thursday reduced its monetary policy rate to 12.5 percent as…

CBN postpones MPC meeting to Thursday, May 28

The Central Bank of Nigeria has postponed its Monetary Policy Committee meeting to Thursday, May 28,…

CBN restricts forex on goods with local substitutes

The Central Bank of Nigeria has said that it will not give forex support for the…

AGSMEIS gets N54.6bn from Access Bank, 3 others

In supporting the federal government at promoting agricultural businesses as well as Small and Medium Enterprises,…

COVID-19: CBN suspends cheques clearing

The Central Bank of Nigeria on Monday suspended temporarily the clearing of cheque instruments in the…

Emefiele leads Nigerian banks to sustain trade relationships

Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele, is leading banks in engagement with the…

Foreign assets of banks grew to N14.19tn- CBN

Central Bank of Nigeria recently revealed that banks’ net foreign assets rose slightly to N14.19tn as…

Foreign exchange inflow rose to $9.84bn –CBN

Cumulative foreign exchange inflow into the economy amounted to $9.84bn in November 2019, showing an increase…

CBN retains Loan to Deposit Ratio at 65%

The Central Bank of Nigeria has retained the Loan to Deposit Ratio for the banking sector…

CBN issues framework guide to address payment system risks

The Central Bank of Nigeria on Monday released the Nigerian Payments System Risk and Information Security…

Banks implement new CBN charges

A few banks have commenced the implementation of the reduced bank charges as instructed by the…

Foreign reserves drop by $4.45bn in twelve months

Nigeria’s foreign reserves, which stood at $43.07bn as of the beginning of January 2019, fell by…

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