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CENTRAL BANK OF NIGERIA
News and analysis about Central Bank of Nigeria
THe Governor of the CBN has revealed the underlying reason behind the CBN's huge agricultural intervention in the Nigerian economy.
The CBN has increased funds to stimulate wheat-growing due to a global increase in wheat prices and the need to redirect cash from imported goods.
PENGASSAN has claimed that the non-availability of FX at the CBN rate to marketers is largely responsible for the increase of fuel scarcity.
The Senate has confirmed the nomination of 7 members of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN).
The CBN Governor has revealed that the number of fertilizer blending plants in Nigeria, has risen from 7 to over 48.
The CBN has disbursed over N29 billion to companies that applied for the 100 for 100 Policy on Production and Productivity (PPP).
The House of Reps has urged the CBN to reinforce the use of coins as a legal tender and ensure that banks comply with the use of coins to the fullest.
The Central Bank of Nigeria has agreed that increasing oil thefts on the economy is affecting the accretion of the country’s foreign reserves.
The Central Bank of Nigeria (CBN) has stated that it is prepared to intervene in order to ensure that fuel is readily available in Nigeria.
The Central Bank of Nigeria (CBN) in collaboration with the Bankers' Committee has introduced cash collection centres called Bank Neutral cash hubs.
The CBN stated that commercial banks' non-performing loans (NPLs) levels in Nigeria fell below 5% to 4.94% at the end of December 2021.
Nigerian banks have published the names, Bank Verification Numbers (BVN) and account numbers of forex defaulters.