Heritage Bank Plc, Lagos Commodities and Futures Exchange (LCFE) and other participating financial institutions explored opportunities on export revenue from the Commodities Ecosystem as part of its support to the Central Bank of Nigeria’s (CBN) to raise $200billion in foreign…
…CRR was retained at 27.5% The Monetary Policy Committee of the Central Bank of Nigeria has voted to hold all monetary parameters constant, keeping the benchmark interest at 11.5% despite growing inflationary pressure in the country. This was disclosed by…
The Central Bank of Nigeria (CBN) has stated that it is prepared to intervene in order to ensure that fuel is readily available in Nigeria. The Governor of the Central Bank of Nigeria, Godwin Emefiele, made the announcement on Monday…
The Central Bank of Nigeria (CBN) has given a sum of N159.21 billion to 330,128 women under the Targeted Credit Facility (TCF) designed to support household and Micro, Small and Medium Enterprises (MSMEs) affected by the COVID-19 pandemic. This was…
In a bid to ease huge cash management and deepen financial inclusion, the Central Bank of Nigeria (CBN) has released guidelines for the operation of the Bank Neutral Cash Hubs (BNCH). According to a statement on its website, the CBN…
The Federal Government in collaboration with the Central Bank of Nigeria (CBN), has concluded plans to give financial empowerment to 75,600 batches A and B beneficiaries of N-Power programme. The Minister of Humanitarian Affairs, Disaster Management and Social Development, Hajia…
The Central Bank of Nigeria (CBN) stated that commercial banks’ non-performing loans (NPLs) levels in Nigeria fell below 5per cent to 4.94per cent at the end of December 2021, for the first time in about a decade. This was disclosed…
Former Director-General, Lagos Chamber of Commerce and Industry, (LCCI) and Chief Executive Officer, the Centre for the Promotion of Private Enterprise (CPPE), Dr. Muda Yusuf, in this interview with SEUN IBIYEMI speaks on the state of policies and challenges in…
An economist, Mr. Johnson Chukwu, has said that the plan by Central Bank of Nigeria (CBN) to offer exporters N65 for every one dollar remitted into the economy will encourage them to return their proceeds through official window. Chukwu, who…
The Central Bank of Nigeria (CBN), has released guidelines for the operationa-lisation of its R200 policy. Recalls that the apex bank recently initiated the RT200 policy in an effort to reduce exposure to volatile sources of foreign exchange and to…
