The Central Bank of Nigeria (CBN) on Wednesday said the implementation of the cashless policy aimed at promoting financial inclusion had increased the risks associated with electronic banking in the country. Mr Hassan Bello, the CBN Director, Banking Supervision Department said this at the First Bank of Nigeria Information Security webinar. The webinar was convened […]

The Lagos Chamber of Commerce and Industry (LCCI) have urged the Central Bank of Nigeria (CBN) to address the supply side variables impacting domestic prices.

Call for more advocacy, interventions By Gabriel Ewepu – Abuja The Coalition of Civil Society, on Monday, hailed the Central Bank of Nigeria, CBN, over intervention initiatives geared towards boosting economic activities to create employment and wealth among Nigerians under the Buhari-led administration. This was stated by the National President, Coalition of Civil Societies, Comrade […]

The new Treasury Bills policy of the Central Bank of Nigeria, CBN, has effectively obstructed about N622 billion interest earnings that would have accrued to banks and other individual and corporate investors in the money market.

There are indications that the current Loan-to-Deposit Ratio, LDR, policy of the Central Bank of Nigeria, CBN, is turning positive despite the macroeconomic adversities arising from the impact of Coronavirus (COVID-19) Pandemic. LDR stipulates the volume of loans a bank must give out as a percentage of its total deposit, and in this policy the loan volume is stipulated at a minimum of 65 percent of the total deposit.

By Gabriel Ewepu – Abuja The Ministry of Mines and Steel Development, Thursday, debunked claims over the alleged sale of gold by the Governor of Zamfara State, Bello Matawalle, to the Central Bank of Nigeria, CBN. This was contained in a statement signed by the Head of Press and Public Relations, Ministry of Mines and […]

Allege denial of fair hearing, abuse of judicial process By Ikechukwu Nnochiri – Abuja Fourteen out of the twenty alleged #EndSARS promoters that the Central Bank of Nigeria, CBN, secured an order to freeze their bank accounts, on Thursday, approached the Federal High Court in Abuja to set-aside the order. In a motion they filed […]

…Optimistic that same court will unfreeze the accounts By Dayo Johnson Akure The Chairman of the South West Governors’ Forum,  Rotimi Akeredolu has asked supporters of the EndSARS protest whose bank accounts were frozen by the government through the Central Bank (CBN) to challenge the matter in court if they feel their accounts was unlawfully […]

…As banks guarantee 26,830 agric loans worth N3.6bn By Elizabeth Adegbesan Banks have guaranteed 26,830 loans worth N3.6 billion to farmers under the Agricultural Credit Guarantee Scheme Fund (ACGSF) in ten months (January to October) 2020. Meanwhile, the  Central Bank of Nigeria (CBN)  has just rolled out guidelines for private sector in agriculture to access […]

By Michael Eboh The Central Bank of Nigeria, CBN, yesterday, disclosed that companies, individuals and agro-processors of agricultural commodities would be able to access up to a maximum of N2 billion per obligor under the Private sector-led  Accelerated Agriculture Development Scheme, P-AADS. In the guidelines for the P-AADS, released in Abuja, Director, Development Finance Department […]

The Central Bank of Nigeria (CBN) has opposed a suit seeking to remove the Ajami (Arabic) inscriptions on naira notes. It told the Federal High Court that it would cost the country a “colossal sum of money” to discard the existing notes and print new ones without Ajami. The CBN said Ajami is not a […]

…Says Judgment debt profile of the Country has reached an alarming and embarrassing state By Henry Umoru THE Senate said Monday that it is not aware of the Central Bank of Nigeria, CBN Freezing the bank accounts of some leaders of the #EndSARS protesters. According to the Senate, the governor of CBN, Godwin Emefiele never […]

By David Odama – Lafia The Central Bank of Nigeria in collaboration with Prime Global Synergy, through federal government Anchor Borrowers’ skill has empowered 2,074,  farmers with knapsack sprayer and water pump machines for rice irrigation farming in  Nasarawa State. General  manager,  Prime Global Synergy, Dozie Chuwujiw said while presenting farming tools  in Obi local government of […]

The Central Bank of Nigeria (CBN),  says it has so far made a total of N3.5trillion disbursements to cushion the effect of COVID-19 pandemic on the country’s economy. This is contained in a review of the 132nd communique of the Monetary Policy Committee (MPC) meeting obtained from the apex bank’s website, and signed by its Governor, […]

By Elizabeth Adegbesan The Central Bank of Nigeria (CBN) has released the framework for NIRSAL Microfinance Bank (NMFB) to commence the disbursement of the N75 billion Nigeria Youth Investment Fund (NYIF). The Federal Executive Council (FEC) on the 22nd of July, 2020 approved the money for the period of 2020 – 2023. The fund is dedicated […]