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CENTRAL BANK OF NIGERIA
News and analysis about Central Bank of Nigeria
The CBN says it is spearheading Nigeria’s drive towards the diversification of the country’s economy away from oil through its numerous interventions across other sectors.
The CBN has unveiled the USSD code for its eNaira, indicating that Nigerians without internet-enabled phones can now use eNaira for transactions.
The Central Bank of Nigeria has increased the interest rate for intervention loans from 5% to 9%, effective from July 2022.
The continuous CRR debits have been limiting banks’ ability to plan and increase credit extension.
Nigerian banks and the organised private sector (OPS) have called on the Central Bank of Nigeria (CBN) to increase foreign exchange allocation to the real sector.
The CBN has urged the manufacturers to approach the development financing institutions for their funding needs.
The CBN’s Treasury Bills auction for a 364-Day tenor, which sought to raise N258.5 billion from investors, recorded an oversubscription of 22.7%...
The CBN has moved to freeze 157 accounts of companies for allegedly diverting funds meant for the procurement of prepaid meters.
President Buhari has nominated four persons for appointment as Non-Executive Directors of the Board of the Central Bank of Nigeria (CBN).
The Nigerian economy is starved of foreign exchange as currency traders continue to lament tightened forex liquidity...
Since the introduction of the Central bank of Nigeria’s (CBN) “Naira4Dollar Scheme” in March 2021, the Naira rate has fallen by a whopping N127 (or 26%).
The CBN has stated that the total assets of the banking industry grew by 20.97% from N53.17 trillion in April 2021 to N64.32 trillion in April 2022.