CBN and consistent increase in MPR
By ARIZE NWOBU THE vision of the Central Bank of Nigeria, CBN, is to be the most efficient and effective of the world’s central banks in promoting and sustaining economic development. And the mission is to be proactive in providing suitable framework for the economic development of Nigeria through the effective, efficient and transparent implementation of […]
Reps ask CBN to provide $3bn funding to small scale farmers
By Gift ChapiOdekina, Abuja The House of Representatives has urged the Central Bank of Nigeria to provide an additional $3 billion in funding to small-scale farmers to boost their productivity., through the Nigeria Incentive-Based Risk Sharing for Agricultural Lending. This followed the adoption of a motion during plenary on Tuesday titled “Repositioning Nigeria Incentive-Based Risk […]
I’m building an efficient central bank — Cardoso
By Emma Ujah, Abuja Bureau Chief Amidst multiple points crises in the economy, the Governor of Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, has said that he is committed to building a resilient apex bank that would address all the challenges successfully. Speaking at the dinner of the just concluded 30th edition of the Nigeria […]
CBN does not determine FX rate – Cardoso
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has clarified that the apex bank does not determine the foreign exchange rate, stating that it is driven by economic fundamentals.
CBN rallies DBN, BoI to bridge N294bn women entrepreneurs financing gap
The Central Bank of Nigeria (CBN), in collaboration with the Development Bank of Nigeria (DBN) and the Bank of Industry (BoI), has signed the Women Entrepreneurs Finance (We-Fi) Code, a commitment aimed at mobilizing funds to close the N294 billion financing gap faced by women entrepreneurs in Nigeria. The signing of the code, a global initiative, took place in Abuja.
CBN is serious about fair, efficient markets – Cardoso
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has said that the Bank’s decision to implement the Electronic Foreign Exchange Matching System (EFEMS) is rooted in the understanding that trust is essential to central banking.
