CBN to issue N722.2bn TBs in Q3
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…
CBN
CBN mulls over digital currency
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…
Liquidity squeeze: Banks, others borrow N4.4trn from CBN
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…
3 months debt service gulps $1bn — CBN
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…
Foreign reserves dip to $34.74bn — CBN
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…
Diaspora Remittances: CBN directs Banks, IMTOs to sustain Naira4dollar scheme
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…
CBN disburses N3.5bn in Anambra’s agro sector in 1 year
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…
CBN calls on South East states to embrace economic intervention programmes
By Kayode Tokede The Central Bank of Nigeria (CBN) has urged people of the South East to embrace its intervention programmes to grow their businesses. Speaking to the journalists shortly after the opening ceremony of CBN Fair in Enugu on…
Currency in circulation increased by 1.04% to N2.81trn in March
By Kayode Tokede Currency in circulation rose by 1.04 per cent to N2.81 trillion in March from N2.78 trillion reported by Central Bank of Nigeria (CBN) in February 2021. Our correspondent gathered that currency in circulation in its Year-to-Year performance…