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 ...
Tag: Central Bank of Nigeria
News and analysis about Central Bank of Nigeria
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 ...
Nigeria’s private sector borrowing hits record high of N33.8 trillion
Nigeria’s credit to the private sector ballooned to another all-time high of N33.8 trillion as of September 2021. This is ...
Did CBN bailout another bank with N47.8 billion?
The Central Bank of Nigeria increased its Special Intervention Reserves (SIR) to N365 billion in August 2021, data from its ...
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 ...
CBN revises guidelines for the Anchor Borrowers’ Programme (ABP)
The Central Bank of Nigeria has revised the Anchor Borrowers’ Programme (ABP) guidelines. This was disclosed by the apex bank ...
CBN disposed N698,480.00 million worth of unfit banknotes in 2020
The Central Bank of Nigeria has stated that it disposed of N698,480.00 million worth of unfit banknotes in 2020. This ...
