The Central Bank of Nigeria (CBN) has said the country’s foreign reserves dipped by $184.58 million in its week-on-week (w/w) performance to $34.92 billion as at March 3rd, 2021 as the apex bank maintained its interventions across the foreign exchange…
Banks operating in the country, First City Monument Bank Plc, United Bank for Africa (UBA) and Zenith bank Plc have appealed to customers to oblige to Central Bank of Nigeria (CBN) N5 per dollar initiative to drive Diaspora remittances. The…
The Central Bank of Nigeria (CBN) on Saturday introduced a new incentive to encourage inflow of diaspora remittances. The incentive, tagged “Naira 4 Dollar Scheme”, was announced in a circular signed by Saleh Jibrin, CBN ‘s Director, Trade and Exchange…
By Kayode Tokede The Agricultural Credit Guarantee Scheme Fund (ACGSF) on Thursday presented awards and cash prizes to three outstanding farmers and a financial institution for their efforts to boost agriculture. The awards were presented during the Best National Farmers…
…Extends intervention-loan repayment till 2022 By Kayode Tokede In its moves to tackle food security in the country, the Central Bank of Nigeria (CBN) through its Anchor Borrowers’ Programme (ABP) has released 50,000 metric tonnes of Maize into the market.…
By Kayode Tokede Sources in the Central Bank of Nigeria (CBN) have denied a recent Bloomberg report that the apex bank will be unwinding its Open Market Operations (OMO) programme which has targeted foreign investor inflows for the last three…
By Kayode Tokede The Central Bank of Nigeria (CBN) has disclosed the country’s foreign reserves dropped by $547.9million in first two months of 2021. The foreign reserves have been on consciously decline steady in global oil price, according to Organization…
By Kayode Tokede Deposit Money Banks (DMBs) and merchant banks through the Standing Deposit Facility (SDF) deposited N972.23billion in two months with Central bank of Nigeria (CBN), our correspondent can report. According to the apex bank, a total of N453.5billion…
…Disburses N499.01bn to 15 interventions in 3 months By Kayode Tokede A member of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), Professor of Economics, University of Ibadan, Festus Adenikinju has backed the federal government plans…
The Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) have agreed to collaborate and conduct research with a view to finding ways of regulating the Cryptocurrency market. They said this at a virtual lecture organised by…
