The Central Bank of Nigeria, CBN, has announced plan to launch its digital currency before end of this year. The apex bank has also intensified efforts through awareness fair for easy access to its various intervention funds.

The Central Bank of Nigeria (CBN) has denied planning to nationalise Unity Bank Plc as alleged by an online news medium.

…urges women,youths to key into CBN Intervention Programmes By Ibrahim HassanWuyo  The Central Bank of Nigeria, (CBN) has enjoined Nigerians, particularly women and youths, to cue into its bouquet of intervention programmes and take advantage of schemes such as the Anchor Borrowers’ Programme ,even as 3,107,949 small holder farmers have so far  benefited from the […]

By Prince Okafor Efforts by the Central Bank of Nigeria to drive financial inclusion across the nation is yielding result, as over 50 percent of Nigerian adults are using formal (regulated) financial services. This was disclosed during Enhancing Financial Innovation and Access, EFInA’s,  Access to Financial Services in Nigeria 2020 Survey launch, yesterday. Vanguard gathered […]

… Set to confront stagflation By Emeka Anaeto, Business Editor The Central Bank of Nigeria, CBN, is set to sustain the positive developments in the Nigerian economic growth performance amidst the threats of stagflation. Governor of CBN, Godwin Emefiele, who gave this hint at the last Monetary Policy Committee Meeting, MPC, of the apex bank […]

By Elizabeth Adegbesan The Central Bank of Nigeria (CBN) has released a Regulatory Framework for Non-bank Acquiring to all deposit money banks, payment service providers and all financial institutions. The apex bank disclosed this today in a circular signed by Director, Payments System Management Department, CBN, Musa Jimoh. The CBN circular stated that the framework […]

By Obas Esiedesa, Abuja Energy experts have held that the N250 billion gas expansion fund set up by the Central Bank of Nigeria (CBN) would push the consumption of the Liquefied Petroleum Gas, LPG, in the country to over five million metric tonnes, mmt, by the end of this year. The experts also stated that […]

Faced with scarce foreign exchange due to the drop in crude oil earnings,  the Central Bank of Nigeria (CBN) is to heavily invest in the cassava value-chain in order to cut the current  $580  million annual import of cassava by-products.

…To continue managed -floating forex regime …As Emefiele confirms Tucano jets paid for, 6 to arrive in July Emma Ujah, Abuja Bureau Chief The Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR) at 11.5 per cent, along with all its parameters. The CBN Governor, Mr. Godwin Emefiele, disclosed  today, while presenting the decisions of Monetary […]

ABUJA—Vice President Yemi Osinbajo is to meet soon with representatives of state governors, the Minister of Finance, Budget and National Planning, and the Governor of Central Bank of Nigeria, CBN, in an attempt to resolve the disagreement over the repayment of the budget support facility obtained by the states.

Mrs Ibukun Awosika,  former chairman of First Bank Plc, FBN, was reported in a national newspaper insisting that the Board did the right thing in sacking the reinstated Managing Director, Dr Adesola Adeduntan. Before bringing some of the published text of Mrs Awosika’s assertion, permit me to provide some background information to this article.

By Elizabeth Adegbesan   The Central Bank of Nigeria, CBN, said it has extended its  Naira-4-Dollar  scheme until further notice. The apex bank disclosed this in a circular titled: “Re: Introduction of the CBN’s “Naira 4 Dollar Scheme” for Diaspora Remittances.” The circular, signed by Director, Trade and Exchange Department, CBN, Saleh Jibrin, stated: “Further […]

The Central Bank of Nigeria (CBN) has announced an extension to its Naira 4 dollar incentive to encourage diaspora remittances till further notice. The apex bank announced the extension on Wednesday through a memo by Saleh Jibrin, Director of Trade and Exchange Department, addressed to Deposit Money Banks (DMBs), International Money Transfer Operators (IMTOs), and […]

 Experts on Thursday commended the Central Bank of Nigeria (CBN) for extending the Naira4Dollar scheme expected to close on May 8.

The Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele has vowed to resist maize importation.