…As CBN blames rising inflation, aggregate demand …Firms up 5% subsidy rate on Agric, Health, Power, Manufacturing sectors …New interest rate will address concerns in Agric activities, reform Fx market, inflows — CPPE By Abimbola Abatta The banks in Nigeria will…
…Says Nigeria still in JP Morgan’s bond index By Seun Ibiyemi The Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate (MPR) to 13 per cent for the first time in over two years. The Governor of CBN, Mr…
The foreign exchange inflows into the country fell by 36.7 per cent in one month to $4.36 billion in January, figures obtained from the Central Bank of Nigeria have shown. The CBN revealed in its report on ‘Foreign exchange flows…
The Central Bank of Nigeria (CBN) has disowned news reports that it intends to replace the naira notes in circulation with its digital currency, the eNaira, in due course. In a chat with journalists in Abuja over the weekend, the…
The Central Bank of Nigeria (CBN) has appealed to farmers who defaulted in paying back the loans obtained under the Anchor Borrowers’ Programme (ABP) to pay back. Mr Sadeeq Ajayi, in CBN Development Finance Office, made the appeal on Wednesday…
The Central Bank of Nigeria (CBN) has said that in the operation of open banking in Nigeria, the ownership and control of data by customers of financial and non-financial services must comply with the customer’s right and authorisations. According to…
By Uthman Salami The Central Bank of Nigeria (CBN) has disclosed that it would go ahead with plans to upgrade Nigeria’s Digital Currency, otherwise known as Central Bank Digital Currency (CBDC) or the eNaira, noting that this would enable the…
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.…
