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CENTRAL BANK OF NIGERIA
News and analysis about Central Bank of Nigeria
The Central Bank of Nigeria has directed that banks’ daily deposits placement through the CBN's Standing Deposit Facility, shall no longer exceed N2 billion.
Several reactions have continued to trail the Central Bank of Nigeria's recent directive ordering all commercial banks within the Nigerian banking industry to maintain a minimum loan to deposit ratio (LDR) of 60% starting from September 2019.
The Nigerian Association of Chambers of Commerce Industry Mines and Agriculture (NACCIMA) will be working with the Central Bank of Nigeria (CBN) to make sure that the Agric sector benefits from the recently-announced N500 billion agricultural fund earmarked for them.
The Nigeria Customs Service (NCS) has disclosed that it impounded 140 bundles of smuggled textile materials worth N11.2 billion in Lagos.
As part of its efforts to deepen financial inclusion and maintain its commitment to achieving the 80% target by year 2020 in the country, the Central Bank of Nigeria has authorized commercial banks to now fully operate mobile money wallets.
The President of the Lagos Chamber of Commerce and Industry (LCCI), Mr Babatunde Ruwase, has opposed the new import duty exchange rate set by the Central Bank of Nigeria.
@centbank governor, Godwin Emefiele says Nigeria loses $20 billion in the oil palm industry. Here's how.
@cenbank has given banks a deadline to retrieve all bad notes in circulation. See the amount of bad notes in circulation.
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has announced that the apex bank is set to recapitalise Nigerian commercial banks.
The Governor of the CBN said the apex bank has renewed its commitment to support and improve the non-oil sectors of the Nigerian economy.
The Director-General of the Manufacturers Association of Nigeria (MAN), Segun Kadiri, has expressed the association’s full support for the Central Bank of Nigeria's policy on smugglers.
The Central Bank of Nigeria (CBN), has revealed that Nigeria attracted total capital inflows worth $33.27 billion in the past seventeen months.