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CENTRAL BANK OF NIGERIA
News and analysis about Central Bank of Nigeria
Buhari has approved the establishment of an Infrastructure Company, wholly focused on critical infrastructural investments in Nigeria.
The CBN and the NDIC have been empowered to set up a Banking Sector Resolution Fund to ensure the safety of depositors’ funds.
26,830 loans valued at N3.6 billion have been guaranteed to farmers under the CBN's Agricultural Credit Guarantee Scheme Fund.
The CBN has launched the P-ADDS initiative aimed at engaging 370,000 youths in agricultural production.
The sectors covered include Agric/Services, Manufacturing, Wholesale/retail trade, and Construction.
The CBN has challenged a suit before the Federal High Court in Lagos seeking to remove the Arabic inscriptions on naira notes.
Despite the intervention measures by the CBN, why does the disparity between the official and black-market rates remain high?
The CBN has revealed businesses and applicants that are either eligible or ineligible to apply for the Nigeria Youth Investment Fund.
The Nigerian Youth Investment Fund will be funded through the NIRSAL MFB window of the CBN.
Manufacturing PMI has remained below 50 index points for the past six consecutive months.
The manufacturing sector contracted for the sixth consecutive month as 8 subsectors contracted out of 14.
The CBN has urged the DMBs to allow zero balance for the opening of new accounts.