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CENTRAL BANK OF NIGERIA
News and analysis about Central Bank of Nigeria
Central Bank of Nigeria (CBN) has set a capital of N50 million for Tier 2 unit microfinance banks, while Tier 1 would maintain N200 million minimum capital.
The Central Bank of Nigeria (CBN) has assured palm oil producers that Nigeria will emerge as the third largest producer of palm oil, overtaking Thailand and Columbia as a major palm oil producer in the world.
Buying treasury bills is one of the safest forms of investment.
NIRSAL Microfinance Bank would provide loans to small businesses at a single digit interest rate of five per cent, according to CBN Governor.
Hours after reports of his dismissal surfaced online, the governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has confirmed that his tenure runs until the end of June 2019, dousing claims of possible early dismissal by the Federal Government.
Textile material is the latest product to be restricted by the Central Bank of Nigeria (CBN) from accessing its foreign exchange, which was done to improve the demand of local textile within the country.
CBN's Director in charge of Corporate Communications, Mr Isaac Okorafor, has dispelled rumours suggesting that Godwin Emefiele has been sacked.
If not re-appointed, Godwin Emefiele, might vacate his position for one of his deputies, Aishah Ahmad.
The Central Bank of Nigeria (CBN)stabilized the Naira in 2018 by injecting $39.9 billion into the foreign exchange market...
For a smooth transition into retirement, the Federal Government has partnered with the Central Bank of Nigeria (CBN) and Bank of Industry (BoI) to develop three retirement schemes for the employees of the Federal Civil Service.
About 628 financial institutions have contributed to the development and growth of MSMEs in Nigeria.
The Association of Bureaux De Change Operators of Nigeria, ABCON, has launched the automation of its operational processes.