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Buhari directs CBN to blacklist firms importing palm oil, 42 other...

President Muhammadu Buhari has directed the Central Bank of Nigeria to blacklist any firm, its owner and top management caught smuggling or dumping any...

CBN injects $210m into Forex Market as Naira trades flat

The interbank segment of the Foreign Ex- change Market, on Tuesday, received a $210million boost from the Central Bank of Nigeria (CBN).Figures obtained from...

…debunks changes in forex Structure, Naira Floatation

The management of the Central Bank of Nigeria (CBN), on Wednesday morning, took to its official Twitter handle (@cenbank) to deny reports that it...

CBN identifies two major issues affecting Nigeria’s economy

Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele, has said the bank, with some stakeholders, have identified smuggling and dumping as major...

Banks’ assets, liabilities rise to N38.4tn

The total assets and liabilities of banks stood at N38.40tn at end-February 2019, representing 3.2 per cent increase above the level at end-December 2018.The...

Total direct remittances hit $6.5bn in four months – CBN

Story by Kayode TokedeThe Central Bank of Nigeria (CBN) has disclosed that total direct remittances hit $6.5 billion in four months ended April 31,...

Currency in circulation hits N2.14trn in April – CBN

The Central Bank of Nigeria (CBN) has said currency in circulation dropped to N2.14 trillion in April 2019.According to analysts, the apex bank had...

1m smallholder farmers benefited from Anchor borrowers scheme – CBN

Story by Kayode TokedeThe Central Bank of Nigeria has disclosed that 1,059,604 smallholder farmers have benefitted from its Anchor Borrowers Scheme.The Anchor Borrowers Programme,...

CBN defended Naira with $476.83m, CNY41.14m in May

Story by Kayode TokedeIn a move to strengthen local currency, the Central Bank of Nigeria (CBN) defended Naira with an accumulative sum of $476.83...

CBN extends lending programme to 1,059,604 farmers

The Central Bank of Nigeria says 1,059,604 smallholder farmers have benefitted from the Anchor Borrowers Programme.The Anchor Borrowers Programme, which was launched in November...
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