The Executive Vice-Chairman (EVC) of the Nigerian Communications Commission (NCC) Prof. Umar Danbatta, has said that the commission and the Central Bank of Nigeria (CBN) are strategising on making Nigerians financially inclusive. Danbatta said that the Federal Government’s financial inclusion…
The Central Bank of Nigeria (CBN), through NIRSAL Microfinance Bank, has reopened its portal for Micro Small and Medium Enterprises (SMEs) and households affected by COVID-19 to access up to N25 million. This was disclosed by the Personal Assistant to…
By Kayode Tokede Since the emergence of the Coronavirus pandemic in Nigeria, the Central Bank says it has expended a total of 82 health projects with the sum of N85.89 billion. The projects financed by the apex bank comprise 26…
The Central Bank of Nigeria (CBN) on Tuesday awarded more than N234million in research grants to five beneficiaries of its Healthcare Sector Research and Development Intervention Scheme (HSRDIS). The recipients of the grants were Professor of Epidemiology, Olufemi Babalola, who…
By Kayode Tokede The Central Bank of Nigeria (CBN) has disclosed that credit to private sector crossed the N30trillion mark to N30.55 trillion in January 2021. The apex bank in its money and credit statistics disclosed that the N30.56 trillion…
By Kayode Tokede The Central Bank of Nigeria (CBN) on Monday donated food items to Internally Displaced Persons (IDPs) in Borno. The CBN Branch Controller in Maiduguri, Alhaji Lawan Tijjani, who presented the items to the IDPs, said that the…
Industrialists and Manufacturers on Monday said the Naira 4 Dollar Scheme, an initiative of the Central Bank of Nigeria to encourage diaspora remittances would help stabilize the forex situation of the country. They made the assertion in separate interviews with…
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…
