CATEGORY: CBN

From Paris With Love As 50 French Coys Eye Nigeria

A delegation of 50 heads of French companies is expected to visit Nigeria this week to explore business opportunities and...


[JPM] Nigeria’s Interest Rates Dropped To A 3-Months Low

According to reuters report, Nigeria’s overnight lending rates dropped by half to 3 percent on Friday. The figures are...


As The Nation Awaits Buhari’s Cabinet, CBN Is Concerned About Growth

The  Central Bank of Nigeria will retain foreign currency controls because of concerns about slowing growth, a senior bank...



FG Looks To Increase ECA To $3.95bn

The Federal Government, in a bid to attain robust external reserves, is planning to increase the amount in the...


CBN Sells Treasury Bills For N53b As Naira Weakens

The Central Bank of Nigeria sold 53.08 billion naira ($266.6 million)worth of treasury bills on Tuesday in a bid...


See How Forex Restrictions Triggered Boost In Currency Trafficking

Restrictions of foreign exchange by the Central Bank of Nigeria’s (CBN)  have led to a significant leap in the trafficking...


Continuous Drop In Foreign Reserves

Nigeria’s foreign reserves is now on a steady decline against the backdrop of the decision by Central Bank of...


CBN Reserves N2.02trn For Intervention Schemes

The Central Bank of Nigeria, CBN, said it has so far reserved the sum of N2.02 trillion as intervention funds...


BVN EXERCISE: CBN Says 32 Million Accounts Yet To Enrol.

32 million active bank accounts have yet to be enrolled on the Biometric Verification Number by September. The Central...


Nigerian Firms In Trouble As CBN’s Measures Backfire

Nigerian companies making anything from soap to tomato paste could run out of raw materials and be forced to...


See The Number Of MDAs That Have Not Complied With Buhari’s TSA Directive‏

Some 300 Federal Government Agencies have failed to comply with the September 15 deadline for Treasury Single Account (TSA)...


CBN Has Not Exempted NNPC, BoI, Others From TSA

No Federal Government Ministry, Department or Agency (MDA) had been exempted from the Treasury Single Account.The Governor of Central...


FG May Have Granted TSA Exemption To NNPC, PHCN, BoI, 10 Other Agencies

The Federal Government may be considering  the applications of 13 agencies which made a case to be exempted from complying with...


Emefiele Says Nigeria’s Imports On Agricultural Products Is Alarming

For neglecting the agricultural sector, Nigeria’s profile in the importation of  agricultural sector has increased over N630 billion. This...


Will CBN Hike Its Interest Rate In November?

Central Bank of Nigeria will wait until November to hike interest rates in Africa’s biggest economy, but analysts say...


CBN Bolts Repayment Time At 20yrs On Bailout Funds

The Central Bank of Nigeria (CBN) yesterday said 19 out of the 27 states of the federation have accessed...


Naira Strengthens Against The Dollar, Others

The Naira on Friday appreciated by one point against the U.S Dollar at the parallel market . The development,...


Bank Customers Get CBN’s Six-Year Timeline To Lodge Complaints

The Central Bank of Nigeria (CBN) has set a six-year time limit within which all transaction-based complaints against financial...