Rice farmers fail to repay 52% of N283.01 billion loan from Anchor Borrowers’ Programme
Rice farmers under the aegis of the Rice Farmers Association of Nigeria (RIFAN) have defaulted on about 52% of a ...
Tag: Central Bank of Nigeria
News and analysis about Central Bank of Nigeria
Nigeria gets $1.5 billion from foreign investors after March’s MPC meeting
The Central Bank of Nigeria (CBN) has announced a significant inflow of over $1.5 billion into the Nigerian economy, a ...
CBN, law enforcement agencies to monitor banks in Nigeria for illicit financing of recapitalization
The Central Bank of Nigeria (CBN), alongside law enforcement agencies, will closely monitor the Nigerian banking sector's recapitalization efforts to ...
CBN sells N1.64 trillion in treasury bills as higher interest rates attract investors
The Central Bank of Nigeria (CBN) successfully conducted an auction of Nigerian Treasury Bills (NTBs) on March 27, 2024, which ...
Law enforcement agencies investigating $2.4 billion invalid FX transactions – Cardoso
Law enforcement agencies are currently investigating a series of invalid foreign exchange transactions valued at $2.4 billion, according to Yemi ...
CBN interventions: 31 state govs borrow N457.17 billion to pay salaries
At least 31 state governments in Nigeria have collectively borrowed N457.17 billion to pay salaries to their respective state civil ...
‘Form A’ applicants to submit three-year Tax Clearance Certificates – Banks
Standard Chartered Bank has issued a notification to its clientele regarding the submission and verification of Tax Clearance Certificates (TCC). ...
New MPC Member, Sagagi, explains why monetary policy will not curb Nigeria’s inflation
A member of Nigeria's Monetary Policy Committee (MPC), Murtala Sabo Sagagi, has addressed the limitations of monetary policy in addressing ...
Inside CBN’s N10 trillion intervention where N193 billion loans have been declared lost
The apex bank report indicates that N289 billion of the loans are performing, N67.9 billion is substandard and N418.9 billion ...
CBN interventions: Farmers, agric firms fail to repay N380.97 billion due loans
Farmers and agricultural firms in Nigeria are grappling with a massive debt burden as they struggle to repay N380.97 billion ...
