Amid the surge in bitcoin, CBN urges Nigerians to embrace e-Naira
As Bitcoin hits another record high, the Central Bank of Nigeria (CBN) has continued to urge Nigerians to embrace the ...
Tag: CBN
Kuda Bank threatens to close accounts used for cryptocurrency transactions
Kuda Bank has warned its customers that it will close accounts found to be engaged in the transaction of cryptocurrency. ...
CBN promises manufacturers loans of not more than 9% rate
The Central Bank of Nigeria (CBN) has assured manufacturers of single-digit loans of not more than 9%. This was disclosed ...
Naira gains at official and parallel markets as liquidity surges significantly by 232%
Wednesday, 10th November 2021: The exchange rate between the naira and the US dollar closed at N414.73/$1, at the Investors ...
Nigeria is ready for business, CBN tells foreign investors
In an effort to increase foreign investments in the economy, the Central Bank of Nigeria (CBN) told global investors that ...
CBN says wheat importation is a major factor in the exchange rate crises
Wheat, the third most widely consumed grain in Nigeria has been a major factor in the exchange rate imbalance, according ...
eNaira completed N46.3 million worth of transactions in less than 2 weeks – CBN
The eNaira, Africa's first digital currency, successfully completed N46.3 million worth of transactions in less than two weeks of launch. ...
CBN says foreign currency deposit by banks reduced significantly in 2020
The Central Bank of Nigeria (CBN) stated that it recorded a significant reduction in foreign exchange deposits by Deposit Money ...
CBN recorded N2.9 trillion currency in circulation in 2020
The Central Bank of Nigeria recorded about N2.907 trillion currency in circulation in the economy as at end-December 2020. This ...
CBN says circulation of fake currency dropped by 20.8% in 2020
The Central Bank of Nigeria (CBN) has said that the volume of counterfeit currency in circulation dropped from 84,934 pieces ...
