Central Bank of Nigeria (CBN) Governor, Godwin Emefiele says about N3trillion has been distributed to families, farmers and companies to cushion the COVID-19 impact. Emefiele made the revelation in an interview with Arise TV at the 2021 Intra-African Trade Fair…
The Group Managing Director (GMD) of an oil marketing firm, Triumph Oil and Gas Madagascar Nigeria Limited, Ibrahim Olanrewaju Mahmud has been charged with an attempt to defraud the Central Bank of Nigeria (CBN) to the tune of $100 million.…
The Central Bank of Nigeria (CBN) has disclosed that credit to the government increased by 2.9per cent in its Month-on-month (m/m) and 34.6per cent year-on-year (y/y) to N13trillion in September from N12.7trillion in August 2021 and N9.7trillion in September 2020.…
By Matthew Denis, Abuja The Central Bank of Nigeria (CBN) has said it will support youths in tertiary institutions with grants to promote entrepreneurship and reduce unemployment. The CBN disclosed this on Wednesday in a report, titled ‘Guidelines for the…
The Central Bank of Nigeria (CBN) has stated that the eNaira can serve as a medium for the government to send direct payments to citizens eligible for specific welfare programs. The apex bank in a document titled, “Design Paper for…
The Central Bank of Nigeria (CBN), says it has disbursed N791 billion to over three million farmers across the 36 states, under its Anchor Borrowers’ Programme (ABP). The Director, Development Finance Department of the bank, Mr Yusuf Yila, made this…
The Naira dipped slightly against the US dollar in the parallel market after the Central Bank of Nigeria (CBN) declared that it would no longer sell foreign currency to Bureau De Change (BDC) operators. According to the bank, the parallel…
From next week, the Central Bank of Nigeria (CBN) will begin the disbursement of the N30 billion revitalisation fund set aside for them by the Federal Government. But there is a caveat: Each university must present an audit report on…
The Central Bank of Nigeria (CBN) has announced an end to the weekly allocation and sale of foreign exchange to Bureau De Change (BDC) operators in the country. CBN Governor, Godwin Emefiele, made the announcement on Tuesday while briefing reporters…
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. Mr Godwin Emefiele, the CBN Governor,…
