The Central Bank of Nigeria (CBN)has revealed that banks’ credits to the government rose by N3.77trillion in the first two months of 2023. It stated that the total government credit which ended December 2022 at N24.66trillion rose to N28.43trillion as…
Polaris Bank has continued to deepen its financial advocacy role of educating and inculcating in young Nigerians the culture of savings, investment and financial awareness during the 2023 Global Money Week (GMW) event. The week-long activity, which kicked off last…
Industry operatives are apprehensive that the new interest rate introduced by the Central Bank of Nigeria (CBN) would impact property prices, cost of investment and the entire construction value chain. CBN’s Monetary Policy Committee, last week, voted to increase the…
Olumide David The Central Bank of Nigeria, (CBN) has partnered with the Deji of Akure, Oba Aladetoyinbo Aladelusi, and also urge the residents in the state to use the E-naira platform for their transactions. The CBN said the partnership was…
Banks in satellite towns of the Federal Capital Territory (FCT), on Saturday opened for business as directed by the Central Bank of Nigeria (CBN). Correspondent who monitored some banks in the Territory, reports that huge crowds of customers were seen…
The CBN has described as fake, the news making the rounds that it suspended accounts of Fintech companies like OPAY and PALMPAY. CBN’s Acting Director, Corporate Communications, Mr Isa AbdulMumin, told journalists in Abuja on Friday that the viral news…
Reliable sources in the CBN said banks have been instructed to collect the old Naira noted they deposited in CBN and that before the end of the week, the country would be awash with Naira notes
The Nigeria Labour Congress (NLC) has said it would picket all Central Bank of Nigeria (CBN) offices nationwide on March 29, following the continued cash crunch. The NLC President, Mr Joe Ajaero said this in Abuja on Wednesday, while addressing…
The Central Bank of Nigeria (CBN), says the Nigerian economy has maintained a positive growth trajectory for nine consecutive quarters, since exiting recession in 2020. The CBN Governor, Mr Godwin Emefiele, said this on Tuesday in Abuja, when he read…
At the conclusion of the 2-day meeting with the Monetary Policy Committee, MPC, the Central Bank of Nigeria, (CBN) Governor, Godwin Emefiele apologised to Nigerians on E-payment glitches at Abuja on Tuesday. Emefiele agreed on some “isolated cases still persist”…
