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CENTRAL BANK OF NIGERIA
News and analysis about Central Bank of Nigeria
The Central Bank of Nigeria (@cenbank) is reportedly set to increase banks’ Loan to Deposit Ratio (LDR) to 70%, from the current 65% recently implemented by the bank.
Nigeria’s manufacturing sector has continued to gain momentum as it rallied to build on the growth recorded in the third quarter of 2019.
Manufacturers in Nigeria have disclosed that President Buhari's request for more loan to fund the 2020 budget is a serious source of concern.
The CBN has disclosed that the need to grow and diversify the country’s economy led to the adoption of its unconventional monetary policy.
The use of Bitcoin is rising in Nigeria despite the warnings given by the Nigerian Senate and the Central Bank of Nigeria (CBN) against it.
Ahmed Bello Umar has been appointed by the Central Bank of Nigeria (CBN) for the post of Director, Currency Operations Department.
COPMA has announced that it is set to recover the N4 billion loan disbursed by the Central Bank of Nigeria (CBN) to cotton farmers.
The Nigerian treasury market has been characterised by bearish sentiment. This has particularly been affecting tenured OMO securities,
The NHIS has over N30 billion with the Central Bank of Nigeria (CBN), after 14 years of operations and only 5% coverage in the country.
CBN has published its Treasury Bills programme for January–March 2020, indicating that it planned to raise about ₦847.4 billion in cash.
The CBN has disclosed that not less than N1.3 trillion was spent by FG on the importation of rice, fish, sugar and wheat in the last 12 months.
Nigeria’s public debt stock rose to N25.7 trillion in June 2019 and the payment for servicing the debt continues to be a major source of concern.