Tag: CBN
Nigeria’s dollar reserves plunge despite $77 oil price
Nigeria's dollar reserves keep going down south, despite the increase in the international price of crude, CBN data shows
SERAP drags Buhari to court over $25b CBN overdrafts
The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit asking the Federal High Court in Abuja to compel…
Buhari dragged to Abuja court over N9.7T loans from CBN
President Muhammadu Buhari has been taken to Federal High Court to give spending details of the N9.7T overdrafts and loans…
CBN moves to resuscitate Enugu’s dead agro factories
Central Bank of Nigeria (CBN), in collaboration with Roche Pharmaceutical Company, is seeking Enugu State Government’s approval to revive moribund…
Ogun focal point for cocoa development – CBN
The Central Bank of Nigeria (CBN) has recognized Ogun state as a focal state in its cocoa development initiative.
Business, Headlines, Top Stories
ICYMI: CBN quietly devalues the Naira
The Naira has now been officially devalued from N379 to N410.25, according to NAFEX rate released by CBN on Monday…
CBN’s Naira 4 dollar scheme extended indefinitely
The Central Bank of Nigeria (CBN) has indefinitely extended its Naira 4-dollar scheme which was scheduled to end previously on…
First Bank saga: Adesola’s reinstatement a reaffirmation of authority
The reaffirmation of Adesola Adeduntan as the Managing Director First Bank by the Central Bank of Nigeria (CBN) is a…
Breaking: CBN sacks all First Bank directors, appoints new ones
The Central Bank of Nigeria, CBN, has sacked all First Bank of Nigeria (FBN) directors and appointed new ones with…
N60bn controversy: CBN’s duty is to print money and lend to govt – Emefiele
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele on Friday said it is the duty of the…
Kebbi trains 10,000 youths on accessing CBN agric loans
Kebbi State on Wednesday began a two-week training for 10,000 youths on how to access Federal Government’s Agri-Business Small and…
We’re not aware of Obaseki’s claim of currency printing – CBN
The Central Bank of Nigeria and the Federal Ministry of Finance, Budget and National Planning have denied knowledge of the…
CBN freezes 11 bank accounts over suspicious activities
Eleven bank accounts of some companies and individuals were on Wednesday frozen by the Central Bank of Nigeria (CBN).
N1.487trn disbursed to boost food security: CBN
The Central Bank of Nigeria (CBN) said it has disbursed N1.487 trillion under its various agricultural programmes to boost food…
CBN, NCC introduce new USSD charges
The Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC) have introduced new charges for customers for the…
Ecobank to pay customers N5 for every dollar received
Ecobank is implementing the Central Bank of Nigeria (CBN)’s scheme which offers N5 for every Dollar received into domiciliary accounts…
“Send a dollar, get five naira free”: CBN launches forex promo
The Central Bank of Nigeria (CBN) on Saturday introduced a new incentive to encourage the inflow of diaspora remittances.
Banning cryptocurrencies was in interest of Nigerians – CBN
The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has said that the bank's decision to prohibit deposits…
Cryptocurrency ban: Emefiele honours NASS invitation
Godwin Emefiele, the Governor of the Central Bank of Nigeria (CBN), has honoured the invitation of the Senate over the…
Senate summons CBN Governor over ban on Cryptocurrency
The Nigerian Senate on Thursday summoned the Central Bank of Nigeria, CBN, Governor, Godwin Emefiele over ban on use of…
No going back on cryptocurrencies: CBN
Despite the growing criticisms, Nigeria's apex bank, the Central Bank of Nigeria (CBN) has said that it will continue to…
Outrage as CBN directs banks to close accounts of cryptocurrency traders
Nigerians are currently reacting to the Central Bank of Nigeria, CBN’s direction to banks to close accounts of persons or…
New Year: Buhari gives marching order to CBN on food importation
President Muhammadu Buhari has given a marching order to the Central Bank of Nigeria, CBN, not to give any money…
Beneficiaries of remittances to collect US dollars from today
Governor of Central Bank of Nigeria (CBN), Godwin Emefiele said beneficiaries of diaspora remittances will now be paid in dollars…
#EndSARS: Youths threaten second wave of protest from Monday
Nigerians youths are threatening a second wave of the #EndSARS protests on Monday 9th November 2020, in some parts of…
N75bn youth investment fund: CBN releases guidelines
The Central Bank of Nigeria (CBN) has released guidelines for implementation of the proposed N75 billion Nigeria Youth Investment Fund…
(Breaking) P&ID: London Court orders release of $200M guarantee to Nigeria
The London Commercial Court on Tuesday ordered the release of $200 million guarantee as security in respect of the execution…
Sensitive materials arrive Edo for governorship poll, INEC declares readiness
Sensitive materials for the governorship poll in Edo State have arrived the Central Bank of Nigeria, CBN, in the state…
JUST IN: Buhari orders CBN not to give a kobo for food, fertilizer importation
President Muhammadu Buhari on Thursday ordered the Central Bank of Nigeria, CBN ''not to issue a kobo'' of the country’s…
CBN reiterates commitment to MSMEs, as AUDA-NEPAD partners Ecobank
The Director, Development Finance, Central Bank of Nigeria (CBN), Yusuf Philip Yila, has said the apex bank had put in…