Sentiments on the domestic bourse turned negative on Tuesday to halt the five consecutive days of gains, as the Central Bank of Nigeria (CBN) held all policy parameters unchanged. Specifically, the All-Share Index lost 46.93 points or 0.12 per cent to close at 38,802.15 from the 38,849.08 recorded on Monday. Consequently, the month-to-date gain moderated […]

*Advises customers to disregard damaging reports By Elizabeth Adegbesan The Central Bank of Nigeria, CBN has reiterated the financial soundness, safety and resilience of Deposit Money Banks (DMBs) and Other Financial Institutions (OFIs) in the country. The bank made this clarification in response to certain false and unfounded stories circulating in social media attacking the […]

By Elizabeth Adegbesan The Central Bank of Nigeria, CBN, today released Regulatory Guidelines and Framework for Mobile Money Services in the country. According to CBN, the introduction of mobile telephony in Nigeria and its rapid growth and adoption among other factors have underscored its decision to issue the framework as it will create an enabling […]

By Yinka Kolawole The Lagos Chamber of Commerce and Industry (LCCI) has called for more interventions by the Central Bank of Nigeria in the foreign exchange (forex) market to boost liquidity in the market. President, LCCI, Mrs Toki Mabogunje, made the call at a media briefing on the state of the economy in Lagos, yesterday. […]

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 […]