By Alao Matthew & Kayode Tokede The Central Bank of Nigeria (CBN) has said that credit to private sector went up by N498.6billion in August to N33.26trillion from N32.8trillion reported in July 2021, Nigerian NewsDirect gathered. The reported N33.36trillion by…
The Central Bank of Nigeria (CBN) has said the nation’s foreign reserves appreciated by $2.76 billion in the month of September 2021 to close at $36.78 billion as of the end of the month. This gain represents the highest monthly…
The Central Bank of Nigeria has said the country’s payment system attracted about $500m worth of investments between 2015 and 2020. The Central Bank Governor, Godwin Emefiele, disclosed this on Wednesday while speaking on the theme, ‘Trends in Nigeria payments…
By Kayode Tokede The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has urged financial institutions to leverage new knowledge and technology tools to enhance the efficiency and effectiveness of Nigerian payment system. Emefiele, who gave the advice at…
…Fixes value chain The Central Bank of Nigeria (CBN) has reiterated its determination to address the existing challenges in the country’s wheat value chain as part of efforts to shore up the country’s foreign reserves. The Director, Development Finance Department…
The Central Bank of Nigeria (CBN) has released the regulatory guideline on the eNaria. The documents, titled, “regulatory guidelines on the eNaira” said “the guidelines shall apply to all financial institutions and users of the eNaira. “During the onboarding process,…
The Central Bank of Nigeria (CBN) has revealed that Nigeria has an estimated $16 billion in domiciliary accounts of commercial and merchant banks. According to data contained in the apex bank’s statistical bulletin, Nigeria had a total domiciliary account balance…
The Central Bank of Nigeria on Thursday announced the postponement of the planned unveiling of the country’s digital currency, e-Naira. The Spokesman of the CBN, Mr Osita Nwanisobi, announced this in a statement on Thursday titled ‘CBN defers eNaira launch…
Partnership for Peace and Community Development, an NGO, has asked the Central Bank of Nigeria (CBN) to inject funds into solar energy development in the northern part of the country. Mr Muhammad Abbah-Sada, the Convener of the group, made the…
Kayode Tokede with NAN A Some Financial Experts have urged the Central Bank of Nigeria (CBN) to take cognizance of the impact its proposed digital currency (eNaira) might have on the country’s financial sector. The experts spoke in separate interviews…
