By Emma Ujah, Abuja Bureau Chief  The Central Bank of Nigeria (CBN) did not direct Deposit Money Banks to  seize fund in Community Associations’ Savings Accounts.  There has been apprehension among members of Community Development Associations,  Cooperative Societies and Social Clubs over reports that accounts held by such organisations which were not properly registered with […]

By Babajide Komolafe, Economy Editor The upward trend in banks’ borrowing from the Central Bank of Nigeria, CBN, persisted in May, rising by 63 per cent, Month-on-Month, MoM, to N1.8 trillion.  The CBN has two short term lending windows for banks namely the Standing Lending Facility (SLF) and Repo lending. While the CBN lends money […]

The Central Bank of Nigeria (CBN), said that the minor fire which occurred at its Makurdi Branch early Thursday morning had been put out and no damage was done. Director, Corporate Communications, Mr Osita Nwanisobi, said this in a statement posted on the apex bank’s website on Thursday. The statement said, “A minor fire occurred […]

By Arize Nwobu DEVELOPMENT financing has been defined as “the use of public sector resources to facilitate private sector investment in low-and middle-income countries where the commercial or political risks are too high to attract purely private capital, and where the investment is expected to have a positive impact”. It aims at establishing proactive approaches […]

By Cynthia Alo In line with the celebration of the 2022 Global Money Week, Junior Achievement Nigeria,JAN, has partnered with the Central Bank of Nigeria (CBN) Bankers’ Committee to spread financial literacy awareness among young people across the 36 states in the country. In a statement, JAN noted that the 2022 Global Money Week with the […]