The Vice-President of the Industrial Global Union, Comrade Isa Aremu, has commended the Central Bank of Nigeria (CBN) for promoting financial literacy and its efforts to create employment and engender economic prosperity for Nigerians. Comrade Aremu made the commendation at a one-day interactive session with members of the Organised Labour and stakeholders on the five-year […]

Uyo—THE Central  Bank of Nigeria, CBN, has reiterated its commitment and determination to achieve 95 percent coverage in financial inclusion in the country planned from 2019 to 2024.

On the backdrop of the ongoing global economic crises over the Coronavirus (COVID-19) the Central Bank of Nigeria (CBN) has announced the reduction of interests rate on its intervention loans from nine percent to five percent, as well as, an extension of moratorium from one to two years, to buffer the Nigerian economy.

 By Dirisu Yakubu SANUSI. “War is Peace, Freedom is Slavery, Ignorance is strength,” slogans of Orwellian fictional Inner Party in Nineteen Eighty Four His is a classical instance of a privileged upbringing. Born into royalty, he attended some of the best schools and became an advocate of social justice, democracy and good governance. Blessed with […]

Threatens sanctions against speculators Emma Ujah, Abuja Bureau Chief The Central Bank of Nigeria (CBN) has not devalued the Naira and vowed to sanction authorised dealers found to be involved in currency speculation. According to the Director, Corporate Communications, “Market fundamentals do not support Naira devaluation at a time” He said in a statement “the […]

The Central Bank of Nigeria (CBN) says market fundamentals do not support Naira devaluation this time around. The CBN made this known in a statement by the bank’s Director, Corporate Communications, Mr. Isaac Okorafor in Abuja on Friday. Okorafor expressed dismay at speculative activities at the foreign exchange market from impressions that the CBN would […]

The Central Bank of Nigeria (CBN) says the aggregate industry credit has risen from N15.3 trillion in May 2019 to about N17.4 trillion in January 2020.

The Central Bank of Nigeria (CBN) on Tuesday advised Nigerians to adopt alternative payment methods like electronic transfers to avoid the spread of Coronavirus.

The Central Bank of Nigeria (CBN), says the impact of COVID-19 on economy is becoming severe, especially the declining global oil price and called for massive investment in agriculture.

By Arize Nwobu THE Nigerian economy which is the 31st largest economy in the world by GDP has numerous challenges, including stagnation as a factor-driven economy for 60 years. According to the World Economic Forum’s Global Competitiveness Report, Factor-driven economies are “where countries compete primarily on the use of natural resources, unskilled labour and companies […]

The Central Bank of Nigeria (CBN) has widened the permissible activities of Micro Finance Banks (MfBs) to include the issuance of commercial papers (CPs) and appointment of agents under the Agency Banking Model.

Dr. Kingsley Isitua Obiora, yesterday, in Abuja,  formally assumed office as Deputy Governor of the Central Bank of Nigeria (CBN), replacing Dr. Okwu Nnanna, who exited from the Bank on February 2, 2020.

Use your youthful energy for Nigeria- Emefiele charges Emma Ujah Dr Kingsley Isitua Obiora, yesterday, in Abuja, formally assumed office as Deputy Governor of the Central Bank of Nigeria (CBN), replacing Dr Okwu Nnanna, who exited from the Bank on February 2, 2020. Welcoming Dr Obiora on board, the Governor, Mr Godwin Emefiele, congratulated him […]

Central Bank of Nigeria, CBN, has promised to reduce the chunk of loans in the Asset Management Corporation of Nigeria.

Flags-off Presidential Artisanal Gold Mining Devt Initiative By Gabriel Ewepu – Abuja The Minister of Mines and Steel Development, Architect Olamilekan Adegbite, at the weekend, disclosed that the Central Bank of Nigeria, CBN, will off-take gold to boost the profitability of artisanal miners in the country. Adegbite who was represented by the Director, Artisanal and […]