The Central Bank of Nigeria (CBN) has directed banks to restructure loan terms and tenors to households and businesses affected by the coronavirus outbreak. Addressing journalists...
The Central Bank of Nigeria (CBN) has urged customers not to pay N50 charge to businesses for using point of sale (POS) machines. In a statement...
The country’s foreign exchange reserves continued its downward trend as it dropped from $39.8bn on November 11 to $39.24bn on December 13, latest figures from the...
The Central Bank of Nigeria (CBN) said its interventions in key products had saved the country N1.3 trillion import bill. The CBN Deputy Governor, Corporate Services,...
The Central Bank of Nigeria (CBN) has injected 323.5million dollars into the retail Secondary Market Intervention Sales (SMIS) for its last intervention for November. The CBN...
The Monetary Policy Committee (MPC), has retained the Monetary Policy Rate (MPR) at 13.5 per cent while other policy parameters remained constant. Mr Godwin Emefiele, the...
The Central Bank of Nigeria (CBN) says banks will pay a fine of N10,000 for every money transfer that exceeds four minutes. The apex bank made...
About 1,500 rice farmers in Daura, Katsina state, have received various farming implements under the phase 11 of the Central Bank of Nigeria (CBN) anchor borrowers...
Nigeria’s people are getting poorer despite the country’s slow recovery from recession and economic reforms are urgently needed, the International Monetary Fund has said. The Fund...
The Central Bank of Nigeria (CBN) has again intervened in the Inter-Bank Foreign exchange Market to the tune of 250 million dollars. Isaac Okorafor, acting director,...
More details of the alleged fraud by Olajide Omokore and Akanni Aluko have emerged. The details according to SaharaReporters are contained in the assets forfeiture proceedings filed...
The Central Bank of Nigeria (CBN) resumes this week’s foreign exchange market intervention today with a disbursement of $240 million. Of the sum, $90 million is...
