Tag: CBN
Withdrawal Limit: Senate To Debate CBN’s Cash Policy Today
The Senate has decided to debate the cash withdrawal limit policy of the Central Bank of Nigeria, CBN on its floor.President of the Senate...
CBN Grants N9.714tr Credit To The Economy In Three Years
Central Bank of Nigeria, CBN has disbursed 9.714 trillion naira in financial interventions to different sectors of the economy in the last three years.The...
CBN: Buhari Writes Senate, Seeks Confirmation Of Deputy Governors For Second Term
President Muhammadu Buhari is seeking the Senate’s Approval to confirm the nominations of Aisha Ahmad and Edward Adamu as deputy governors of the Central...
CBN Says Hoarding, Counterfeiting, Reasons For Naira Redesigning
The Central Bank of Nigeria CBN said counterfeiting and hoarding were the reasons for redesigning and issuing new naira notes.Deputy Director, Currency Operations Department,...
Naira Redesign: It Is Not An Economic Priority,CISLAC Carpets CBN
The Civil Society Legislative Advocacy Centre, CISLAC, has said that the Central Bank of Nigeria, CBN, plan to redesign the 200, 500 and 1,000...
EFCC Hails CBN’s Move To Clampdown On Currency Hoarders
The Economic and Financial Crimes Commission EFCC has applauded the move by the Central Bank of Nigeria CBN to redesign and reissue higher denominations...
Alleged Dollar Non-Remittance: Presidency Wades Into CBN, NNPC Feud
The presidency has waded into the controversy raging between the Central Bank of Nigeria, CBN, and the Nigeria National Petroleum Corporation Limited, NNPC, over...
Fuel Imports: $1.04bn Spent By Nigeria In 2021 – CBN
The quantity of foreign exchange used for the importation of petroleum products into Nigeria fell to $1.04bn last year from $1.32bn in 2020, according...
Nigeria: Selling FOREX To Banks To End In 2022 – CBN
The Central Bank of Nigeria, CBN, has put Deposit Money Banks on notice that it will stop selling forex to them by the end...
Nigeria: CBN’s Naira Support Dips Foreign Reserves Despite Rising Oil Prices
Nigeria's external reserves continued its depletion as the Central Bank of Nigerian, CBN, maintained its support for the Naira, dropping by $537.45 million between...
Food Security: Association Creates Maize Pyramid As Loan Repayment To CBN’S...
The Maize Association of Nigeria, MAAN has initiated a maize pyramid in Kaduna State as part of its loan repayment under Central Bank of...
State Of The Nation: Nigeria Living On Extra Time, Sanusi Warns
Ex-governor of Central Bank of Nigeria, CBN, and former Emir of Kano, Muhammadu Sanusi II declared that Nigeria is living on extra time due...
Paddy Production: Emefiele Says Apex Bank To Support Rice Mills
The Central Bank of Nigeria, CBN is set to provide financial support to rice mills to boost paddy production for enhanced production across the...
Diversifying Nigeria’s Economy: 243 Firms Jostle For CBN’s Multibillion Naira Loan...
The Central Bank of Nigeria, CBN, has disbursed a total of N23.2bn to 28 firms whose projects satisfied the apex bank’s criteria for 100...
100 For 100 Policy: CBN Disburses N23bn To Manufacturers
The Central Bank of Nigeria CBN has disbursed a total of 23.20 billion naira to 28 companies whose projects were selected for funding in...
CBN May Increase Interest Rate This Year, Says Report
A new report has said likely stronger dollar demand will convince the Central Bank of Nigeria of the need to tighten monetary conditions as...
Reps Threaten Bank With Takeover Over Debt, MD’s Arrest
The House of Representatives, threatened that it will ask the Central Bank of Nigeria to take over the ownership of Heritage Bank of Nigeria...
CBN Introduces N500m Grant For Undergraduates, Graduates
The Central Bank of Nigeria has said it will support youths in tertiary institutions with grants to promote entrepreneurship and reduce unemployment.The CBN said...
Nigeria Looks To Revive Ailing Palm Oil Sector
Standing beside the piles of dark red palm fruits ready for crushing for their essence, Nigerian farmer Micah Ojo hopes to cash in on...
Nigeria Looks To Revive Ailing Palm Oil Sector
Standing beside the piles of dark red palm fruits ready for crushing for their essence, Nigerian farmer Micah Ojo hopes to cash in on...
