Nigeria’s central bank urges manufacturers to approach development financing institutions for loans
The CBN has urged the manufacturers to approach the development financing institutions for their funding needs.
Tag: Central Bank of Nigeria
News and analysis about Central Bank of Nigeria
Central Bank of Nigeria’s July 2022 Treasury Bills auction records 23% oversubscription
The CBN’s Treasury Bills auction for a 364-Day tenor, which sought to raise N258.5 billion from investors, recorded an oversubscription ...
CBN accuses MAPs, Discos of diversion of funds meant for metering Nigerians
The CBN has moved to freeze 157 accounts of companies for allegedly diverting funds meant for the procurement of prepaid ...
Buhari nominates four Non-Executive Directors of CBN
President Buhari has nominated four persons for appointment as Non-Executive Directors of the Board of the Central Bank of Nigeria ...
External Reserves up $6 billion in one year but no forex
The Nigerian economy is starved of foreign exchange as currency traders continue to lament tightened forex liquidity...
Fifteen months after its introduction, Naira4dollar promo fails to save Naira
Since the introduction of the Central bank of Nigeria’s (CBN) “Naira4Dollar Scheme” in March 2021, the Naira rate has fallen ...
Nigerian banks’ total assets surged by a whopping N11.15 trillion within one year
The CBN has stated that the total assets of the banking industry grew by 20.97% from N53.17 trillion in April ...
High oil prices present Nigeria’s central bank with a chance to adjust the exchange rate – World Bank
The World Bank has stated that despite the CBN's claim of unifying the official exchange rate the apex bank still ...
Central Bank of Nigeria to spend $1.7billion to clear FX backlogs by September – IMF
The World Bank has stated that Nigeria's external reserves are expected to decline as the CBN is expected to clear ...
World Bank say CBN’s policies continues to damage Nigeria’s business environment
The World Bank has stated that CBN's multiple exchange rates, trade restrictions, and the financing of the public deficit continue ...
