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CENTRAL BANK OF NIGERIA
News and analysis about Central Bank of Nigeria
The CBN has disclosed that at the end of December 2019, about N2.44 trillion was in circulation, an increase from N2.2 trillion recorded in November. .
Recent media reports suggest the CBN is struggling to recoup the loans disbursed in 2015 from the concerned farmers under its Anchors Borrower's Programme (ABP).
Banks in Nigeria are beginning to find means of generating more revenue after the Central Bank of Nigeria (CBN) slashed e-transaction charges, as they widen the gap between lending and interest rate
According to the PMI data for the month of January, the momentum in the level of activities cooled in both the Manufacturing and Non-manufacturing sectors.
Mr Sabo Nanono, was quoted in a news report as saying Nigeria would hopefully begin to export rice to other countries in the next two years.
Customers of various banks now prefer to withdraw cash over the counter in the banking hall to using Automated Teller Machines (ATM).
Association of Bureau De Change of Nigeria (ABCON) has argued that it is uncalled for to ask the Central Bank of Nigeria to devalue the naira.
Central Bank of Nigeria's monetary policy committee has disclosed that banks have created about new N2 trillion loans in the last six months. The apex bank made this claim in its monetary policy communique.
The Federal Government (FG) ran a deficit budget of N1.14 trillion in Q4 2019 compared to the N479.62 billion recorded in Q3 of 2019.
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has reacted to analysts’ projections concerning the devaluation of naira.
In Nigeria, one of the monsters that need to be faced head-on is the regime of high-interest rates and its effects on the growth of the country.
The Minister of Transportation, Rotimi Amaechi has told banks to hold every beneficiary shipowner of the Cabotage Vessel Financing Fund accountable.