The Central Bank of Nigeria has said it sees the country’s inflation rate dropping to single digit next year, with the full implementation of its recent policies designed to boost different sectors of the economy. The Director of Monetary Policy…
By Kayode Tokede The Central Bank of Nigeria (CBN) on Tuesday released guidelines for registration and supervision of Credit Guarantee Companies (CGCs) in Nigeria. The guidelines are contained in a circular by CBN’s Director, Financial Policy and Regulation Department, Ibrahim Tukur,…
By Aanu Olaleye with News Agency The Governor of Central Bank of Nigeria (CBN), Dr Godwin Emefiele on Thursday disclosed that at the end of June 2021, commercial banks in Nigeria refunded N89.2 billion to customers over complaints. Emefiele made…
President Muhammadu Buhari today congratulated and wished Mr. Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN), a happy 60th birthday. Buhari thanked the economist and banker for his patriotic contribution to the country during a period of economic…
The Central Bank of Nigeria (CBN) on Tuesday released guidelines for the establishment and regulation of Payments Service Holding Companies (PSHCs) in Nigeria. The circular issued by CBN’s Director, Payments System Management Department, Mr Musa Jimoh instructed deposit money banks,…
By Aanu Olaleye, Abuja The Central Bank of Nigeria (CBN) has assured bank customers that it would monitor commercial banks to ensure legitimate Foreign Exchange (FX) demands of customers are met. The Acting Director, Corporate Communications, CBN, Mr Osita Nwanisobi,…
The Central Bank of Nigeria (CBN) on Thursday says it will start immediate refund of capital deposit to Bureaux de Change (BDC) promoters with pending applications. According to a circular signed by Ibrahim Tukur for the Director, Financial Policy and…
By Aanu Olaleye, Abuja The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMBs) to set up teller points in designated branches for the sale of Foreign Exchange (FX) to Nigerians. The directive was sequel to CBN’s decision…
By Uthman Salami In its quest to improve and boost electricity supply in Nigeria, the Central Bank of Nigeria (CBN) has disbursed N156.33 billion to Distribution Companies (DisCos) in the country. This was made known by CBN in its Monetary…
The Central Bank of Nigeria (CBN), says it has released the sum of N756.51 billion to 3,734,938 small holder farmers, cultivating 4.6 million hectares of land, to boost the Federal Government’s food security initiative. The CBN Governor, Mr Godwin Emefiele …
