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CENTRAL BANK OF NIGERIA
News and analysis about Central Bank of Nigeria
The CBN disclosed that the Federal Government paid $1.09 billion to service its debts between January and September 2019.
Following the disbursement of N36 billion loan advanced to farmers through NECAS, the CBN has set up a task force to recover the loan.
Nigeria generated a whooping N1.34 trillion from the non-oil sectors of the economy between July and September 2019.
The Treasury Bills Auction of the Central Bank of Nigeria (CBN) held last Wednesday was oversubscribed.
The number of core staff in the banking industry is set to hit 35%, as causal and contract staffing in the industry is now 65%.
The introduction of N50 stamp duty on individual transactions above N1000 has led to a reduction in the number of electronic payments.
The CBN's restriction of OMO to only foreign investors and Nigerian banks could end up providing a welcome boost to the Nigerian Stock Exchange.
The CBN has tasked Fintech companies to put in more effort to drive financial inclusion in Nigeria by providing services at low cost to consumers.
Electronic forms for the purpose of commercial exports (e-Form NXP) has been introduced by the CBN to phase out hard copy forms.
In a bid to revive the cotton and textile sector, the CBN has approved a loan of N19.18 billion to 9 cotton-producing firms.
Director of Communications of the CBN, Isaac Okorafor has advocated for the patronage of Made-in-Nigeria goods.
The Governor of the Central Bank of Nigeria, Godwin Emefiele has stated that Nigeria's economy is better off with its borders closed.