The Central Bank of Nigeria (CBN) is providing N240bn in emergency capital expenditure for interface repairs and network improvements by power firms, the Federal Government has said. It was gathered that the fund was being invested by the bank to…
By Aanuoluwapo Olaleye, Abuja The Central Bank of Nigeria (CBN) has disclosed that Nigeria’s foreign reserves dropped by $2.3billion in first half of 2021. Nigerian NewsDirect gathered that the foreign exchange buffer opened 2021 at $35.65billion to close June 30,…
By Kayode Tokede The Central Bank of Nigeria (CBN) has disclosed that it seeks to raise a sum of N722.2 billion in cash through the issuance of Treasury Bills (TBs) in the (Q3) third quarter of 2021. The apex bank…
Kayode Tokede with News Agency The Central Bank of Nigeria (CBN) on Thursday in Lagos said that its digital currency might be launched by the end of 2021. An Information Technology Specialist with CBN, Mrs Rakiya Mohammed, made the disclosure…
Titan Trust Bank to collect NESS levy — CBN By Kayode Tokede The Central Bank of Nigeria (CBN) on Wednesday said the Minister of Finance, Budget and National Planning has approved the appointment of Titan Trust Bank as one of…
By Kayode Tokede The Deposit Money Banks (DMBs) and merchant banks operating in the country between January and April 2021 have borrowed N4.4trillion from the Central Bank of Nigeria (CBN), our correspondent report. This is 91 per cent DMBs and…
By Kayode Tokede The Central Bank of Nigeria (CBN) has disclosed that the federal government spent $1billion on debt services and payments between January and March 2021. The CBN in prior period said the government spent $4.68billion on debt services…
By Kayode Tokede The Central Bank of Nigeria (CBN) has disclosed that the country’s foreign reserves position sustained its decline, as outflows from the reserves outstripped inflows, dropping by $173.24 million in its week-on-week (w/w) performance to $34.74 billion on…
By Kayode Tokede The Central Bank of Nigeria (CBN) has directed banks, International Money Transfer Operations (IMTOs) to indefinitely sustain its Naira 4-dollar scheme for diaspora remittances which was introduced a few months ago. This is to sustain the foreign…
By Kayode Tokede The Central Bank of Nigeria (CBN) says Anambra accessed N3.5 billion under the CBN Commercial Agriculture Credit Scheme (CACS) and Accelerated Agricultural Development Scheme (AADS) in the year 2020. The Branch Controller of CBN in Anambra, Mr…
