CATEGORY: CBN

CBN Invests N26 Billion In Sunti Sugar Factory

Governor of the Central Bank of Nigeria,(CBN) Godwin Emefiele, has given assurances to genuine investors of the apex bank’s...


Did Emefiele Use Private Jets For Mother’s Burial?

Central Bank of Nigeria on Saturday said that its governor, Godwin Emefiele, has not been making his official travels...


[BOOM] Diamond Bank Tops In Central Bank’s Monthly Allocation For March

The Central Bank of Nigeria (CBN) has released allocation for the month of March, with all the banks receiving...



Emefiele: No Naira Policy, Let’s Hope Oil Prices Rise

Nigeria’s embattled Central Bank Governor Godwin Emefiele, shocked markets with a surprise rate hike this afternoon. We have enumerated...


CBN Will Assist Over 60,000 Rice Farmers Through Its Anchor Borrowers Programme.

Over 60, 000 rice farmers from Kano State will be beneficiaries from the Central Bank of Nigeria’s Anchor Borrowers...


What The CBN Might Do This Week As Emefiele’s Policies Flop

Pride they say often goes before a fall. In the case of  Godwin Emefiele, the Central Bank of Nigeria...


Emefiele Must Go To Save The Central Bank Of Nigeria

Nigeria’s Central Bank has become the laughing stock of the civilised world. The hapless Governor Godwin Emefiele in the...


As Egypt Abandons Capital Controls Is CBN The Last Man Standing?

After Egypt abandoned its longstanding struggle to hold the value of its currency against the dollar, all eyes will be...


Treasury Bills: CBN To Raise N1.07bn In Second Quarter

The Central Bank of Nigeria (CBN) will borrow as much as N1.07 trillion through the issuance of treasury bills...


CBN Gas Explosion Update: Police Says Blast Not From Boko Haram,3 Dead, 20 Injured

The police in Cross River State have confirmed that a total of 3 casualties have so far been recorded...


Explosion In CBN Building

An explosion has been reported in the Central Bank of Nigeria building, along Calabar Road, Calabar, Cross River state,...



Customers Should Report Cases Of Illegal Charges By Banks – CBN

In a bid to detect and curb illegal charges by Deposit Money banks, the Central Bank of Nigeria (CBN)...


[BOOM] Naira Depreciates To N321 Against Dollar

The exchange rate on the parallel market took its biggest hit today, after the Naira traded at an all...


CBN To Sell Dollars To Banks On Thursday

The Central Bank of Nigeria (CBN), has told commercial lenders to fund their naira accounts on Tuesday to enable...


[BOOM] Nigeria’s Foreign Reserves Drops To Its Lowest Since 2005

Nigeria’s external reserves dropped to about $28.2 billion as at Friday January 29th 2016 according to data available on...


FG Believes It Will Make N66 billion From N50 Stamp Duty This Year

The Federal Government expects the N50 stamp duty on bank customers to bring in N66.1 billion in revenues this...


CBN To Raise N192 Billion In Treasury Bills

The Central Bank Of Nigeria (CBN), on Wednesday said it will raise N92.39 billion ($967 million) in treasury bills...


[N50 Stamp Duty] CBN Relaxes Stance, SEE People Who Are Now Exempted

Following the introduction of the N50 stamp duty, the Central Bank of Nigeria (CBN), has made further clarifications on...


CBN Ban On Sales Of Forex Just Crashed The Naira TO $1/N300

The consequences of the Central Bank of Nigeria (CBN) ban on the sales of forex to Bureaux De Change (BDC)...