The management of Eko Distribution Company, EKEDC, said it is judiciously expending funds meant for asset upgrade especially in the areas of infrastructure such as 11kv and 33kv feeders, and switchgear, to assist the DisCo in delivering adequate and reliable…
The Central Bank of Nigeria (CBN) has urged Nigerian banks to support indigenous companies in order to increase foreign exchange inflows and boost economic growth. A CBN team on inspection of projects funded through Deposit Money Banks in Lagos, gave…
The Central Bank of Nigeria (CBN) has assured Ikeja Electricity Distribution Company (IKEDC) that it would provide funds for the Phase One of its metering project. The Director of Development Finance, CBN, Yila Yusuf, who gave the assurance during a…
The Central Bank of Nigeria injected $3.36bn into the foreign exchange market in two months as part of efforts to ensure the stability of the naira. Figures obtained from the CBN’s January monthly report on ‘Foreign Exchange Market Developments’ showed…
The Central Bank of Nigeria (CBN) has urged Nigerian banks to support indigenous companies in order to increase foreign exchange inflows and boost economic growth. A CBN team on inspection of projects funded through Deposit Money Banks in Lagos, gave…
The Central Bank of Nigeria’s (CBN) Treasury Bills for a 1-year tenor worth N143.88 billion, which was auctioned on Wednesday, 25th of May 2022, accumulated a total subscription of N210.82 billion, representing 147 per cent of the intended capital raise.…
The National Bureau of Statistics (NBS), in partnership with the Central Bank of Nigeria (CBN) is set to commence the National Integrated Household Survey in 33,300 households across the country. The Statistician-General of the Federation, Prince Semiu Adeniran, said this…
The Central Bank of Nigeria (CBN) has set criteria to be met by Other Financial Institutions (OFIs) to qualify for enrollment onto the Credit Risk Management System (CRMS). Mr Chibuzo Efobi, Director, Financial Policy and Regulation Department, said this in…
The CBN says online media reports purporting the sacking of the bank’s Governor, Mr Godwin Emefiele, is untrue. Head of Corporate Communications at the CBN, Osita Nwanisiobi, made the rebuttal on Wednesday in Abuja when he spoke with journalists Emefiele…
The Central Banks of Nigeria, CBN has debunked reports that its Governor, Godwin Emefiele was sacked. Several online media platforms particularly blogs had reported that the CBN governor was sacked by President Muhammadu Buhari. While some social media users believe…
