President Buhari’s Midterm Report: CBN takes the cake
Being a farmer himself, it was easy for president Muhamadu Buhari to spot the fact that the Central Bank of Nigeria, CBN Anchor Borrowers Program has been making waves by having massive impact on the farming sector across the country and by extension helping in lifting up Nigeria’s economy which due to the sharp drop in crude oil price had tanked since the inception of the current administration.
CBN reviews limits on mobile money transaction, balance
THE Central Bank of Nigeria (CBN) has reviewed daily mobile money wallet transaction and balance limit, as well as the Bank Verification Number (BVN) requirement for mobile money wallet holders.
Naira depreciates as CBN injects $250m
The naira, yesterday, depreciated against the dollar in the parallel market as well as in the Investors and Exporters (I&E) window, even as the Central Bank of Nigeria (CBN) injected $250 million into the interbank foreign exchange market.
CBN introduces e-certificate of capital importation
The Central Bank of Nigeria (CBN) has introduced Electronic Certificate of Capital Importation (eCCI) platform in a bid to boost foreign investment inflows to Nigeria.
Naira Watch: CBN lifts Naira with $250m
THE Naira yesterday received a major boost as the Central Bank of Nigeria (CBN) injected $250 million into various segments of the interbank foreign exchange market.
CBN, Sterling Bank to disburse N5.5bn NIRSAL loan to 22,000 farmers in Kebbi
STERLING Bank Plc in partnership with the Central Bank of Nigeria (CBN) will disburse N5.5 billion to 22,000 farmers in Kebbi State under the Anchor Borrowers programme aimed at increasing the cultivation of rice in Nigeria. The loan is anchored under Nigeria Incentive-base Risk Sharing System for Agriculture Lending (NIRSAL).
We deserve satisfaction, commercial bank customers tell CBN
Bank customers in the country have called on the Central Bank of Nigeria (CBN) to ensure commercial banks live up to their mandate of satisfying customers.
Economy rallying out of recession — CBN, Fitch reports
Indications have emerged that Nigeria’s economy is rallying from negative to positive growth in the second half of 2017, if data from the Central Bank of Nigeria’s Purchasing Managers’ Index, PMI, and global rating agency, Fitch’s, are anything to go by.
Naira stable as CBN injects $250m
The Central Bank of Nigeria (CBN), yesterday, injected $250 million into the foreign exchange market.
CBN Injects $250m into Forex Market
The Central Bank of Nigeria (CBN), Monrday, intervened in the Inter-Bank Foreign Exchange Market to the tune of $250m in three segments of the market.
Cost of funds to fall as N193bn inflow is set to boost interbank liquidity
THE interbank money market will, this week, receive liquidity boost of N193 billion from maturing treasury bills prompting further decline in cost of funds.
Last week, the market was gripped with intense scarcity of funds, which caused cost of short term funds to rise above 100 per cent in the first half of the week, before dropping below 15 per cent in response to inflows from matured treasury bills (TBs) and statutory allocation funds.
