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At N22.7trn credit to private sector hits 2-year high — CBN

Story by Kayode TokedeThe Central Bank of Nigeria (CBN) has disclosed that banking sector credit to private increased year-till-date to N22.72 trillion at the...

Mobile Money License:  ALTON kicks against CBN’s N5bn new minimum capital...

Story by Bukola OlanrewajuThe Chairman, Association of Telecommuni-cations Companies of Nigerians, Engr Gbenga Adebayo has kicked against Central Bank of Nigeria’s (CBN) N5 billion...

CBN to intensify liquidity mop up as interbank receives N552bn inflow

THE Central Bank of Nigeria (CBN) is expected to intensify efforts to mop up liquidity from the banking system this week in response to...

CBN, MTN near deal over $8.1bn fund transfer

MTN Group Limited is close to securing a deal with the Central Bank of Nigeria over an order to repay $8.1bn it is alleged...

No dollar sold for rice import – CBN

The volume of rice importation into Nigeria (in metric tonnes) has declined drastically in 2018 judging by official figures, the Central Bank of Nigeria...

64% active customer accounts link with BVN – CBN

Stories by Kayode TokedeThe Central Bank of Nigeria (CBN) has disclosed that 64 per cent or 46.1 million bank customers’ accounts have been linked...

CBN issues guidelines for Payment Service Banks

The Central Bank of Nigeria (CBN) yesterday unveiled operational guidelines for Payment Service Banks (PSBs). The move is in furtherance of the CBN’s mandate...

World Saving Day: CBN to partner NERDC on financial literacy programme...

The Central Bank of Nigeria (CBN) says it will partner the National Education and Research Development Council (NERDC) on inclusion of financial literacy in...

CBN raises MFBs’ capital base to N5bn

The Central Bank of Nigeria (CBN) has raised the minimum capital base of microfinance banks (MFBs) in the country, giving them up to April...

Credit to private sector rises to N22.47trn – CBN

By Kayode TokedeThe Central Bank of Nigeria (CBN) has disclosed that credit to private sector increased to N22.47 trillion in August as against N22.62...
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