CBN depreciates naira to N307/$ in official market
The Central Bank of Nigeria, CBN, Monday depreciated the naira to N307 per dollar for the first time in the official inter-bank market.
CBN guarantees N259.8m loans to Plateau farmers
The Central Bank of Nigeria, CBN has disclosed it had guaranteed a total of N259.823million to 1,447 benefiting farmers in Plateau State between 2015 and 2017 and urged farmers who are yet to key into the Agricultural Credit Guarantee Scheme Fund, ACGSF to do so and improve their input in the agricultural sub-sector.
E-payment transactions up 33% to N74.9trn in 2016 — CBN
THE Central Bank of Nigeria, CBN, said the total value of electronic payment (e-payment) transactions in the country in 2016 rose to N74.9 trillion, up 33 percent from N56.3 trillion recorded in 2015.
Investor & Exporter forex window has exceeded expectations — CBN
THE Central Bank of Nigeria, CBN, has indicated that the performance of the Investor and Exporter (I&E) foreign exchange window has exceeded the expectations it had when the window was introduced in April, 2017.
N12bn crypto currency: Reps urge CBN to direct bank to release facility to Cashflowabi
THE House of Representatives has asked the Central Bank of Nigeria, CBN, to direct Diamond Bank, in the overriding interest of 60,000 Nigerian subscribers, to release facility to Cashflowabi to disburse N12 billion Crypto currency to the depositors.
CBN injects $285.7m into Forex
The Central Bank of Nigeria (CBN), yesterday, injected a total of $285,759,449.10 into the Inter-Bank Foreign Exchange Market to meet requests in four sectors of the economy.
Naira depreciates to N360.13/$ in NAFEX as CBN injects $195m
The naira, yesterday, depreciated marginally to N360. 13 per dollar in the Investor and Exporter (I&E) Foreign Exchange Window., just as the Central Bank of Nigeria (CBN), injected the sum of $195million into the inter-bank Foreign Exchange Market.
CBN unveils framework for BVN, Watch-list operations
CENTRAL Bank of Nigeria (CBN) has released a regulatory framework for Bank Verification Number (BVN) operations and watch-lists for Nigerian financial system, in the quest to develop and enhance security of electronic payment systems in the country.
Credit availability rises in Q3’17 — CBN
THE Central Bank of Nigeria, CBN, has disclosed that the availability of credit to the corporate and households sectors increased during the third quarter (Q3) of 2017, while projecting further increase in the last quarter of the year (Q4).
N8bn CBN scam: Witness tells court how N8.3m was substituted with paper
Mr Omotayo Sowunmi, a witness in the alleged N8 billion CBN currency scam case, on Wednesday said that the apex bank lost N8.3 million in a single box meant to contain N10 million.
Single-digit inflation rate: Experts task CBN on expansionary policies
Some financial experts on Wednesday called on the Central Bank of Nigeria (CBN) to sustain the current economic growth with expansionary monetary and fiscal policies to achieve a single-digit inflation rate.
