The Central Bank of Nigeria (CBN) has emphasised on the need for more Nigerians to embrace the agricultural and manufacturing sectors as these represents the life wire for economic sustainability. The Apex Bank stressed that no successful economy thrives on…
The Central Bank of Nigeria (CBN) has granted final approval for Airtel subsidiary, SMARTCASH Payment Service Bank limited (‘Smartcash’) to operate a Payment Service Bank (‘PSB’) in Nigeria. This was disclosed in a press release posted on the website of…
The Central Bank of Nigeria (CBN) has said that no successful economy thrives on the promotion of imported products over exportation of local products, adding that Nigerians’ import dependency is the main cause of the falling value of the Naira.…
The Central Bank of Nigeria (CBN) has urged Nigerians to embrace its intervention programmes to promote financial stability and economic development. The CBN Director of Corporate Communications, Mr Osita Nwanisiobi, said this at the opening session of a two- day…
…Says growth outlook positive but fragile …As PIA implementation begins in oil, gas sector By Uthman Salami The Central Bank of Nigeria (CBN) has said the Federal Government recorded N2.23 trillion fiscal deficit in the fourth quarter (Q4) of 2021.…
The Central Bank of Nigeria, CBN, has said that normal activities have resumed at its Makurdi branch that was earlier today gutted by fire. Osita Nwanisobi, Director, Corporate Communications of the Bank who confirmed the incident said that a minor…
The Nigerian Economic Summit Group (NESG) has called on the Central Bank of Nigeria to remove capital controls on forex. The group further warned of the implications the Russian-Ukraine war portend, citing that tensions have triggered global supply chain disruptions,…
The economy recorded slow growth in February, according to the Central Bank of Nigeria’s report. The CBN’s Monetary Policy Committee report showed that in February, the Manufacturing Purchasing Managers’ Index recorded slow growth, with the Non-Manufacturing PMI also contracting. It…
By Uthman Salami The interest rate forbearance given to individuals and businesses seeking loan from the Central Bank of Nigeria (CBN) has been extended by the financial regulator — the second time in a row. It had previously been reported…
The Central Bank of Nigeria (CBN) has announced the release of about N19.15 billion to finance five large-scale agricultural projects under the Commercial Agriculture Credit Scheme (CACS). This, according to the apex bank, was in the economic blueprint of diversifiying…
