Tag: Central Bank of Nigeria (CBN)

By Our Business correspondent Nigeria’s foreign reserves plummeted further at $34.85 billion on December 14, as the Central Bank of Nigeria (CBN) continues its interventions across the various foreign exchange…

Shubham Chaudhuri, World Bank country director for Nigeria, says Nigeria needs more monetary reform in order to access $1.5 billion loan. In November, the naira weakened at N500 to the…

By Agency Report The Central Bank of Nigeria (CBN), in line with its commitment to promote a strong and credible payment system, has approved new license categorisations for the payments…

By Lukman Amusa THE International Monetary Fund (IMF) has urged the Central Bank of Nigeria (CBN) to get the country a unified exchange rate for the naira. It remained stable…

The Central Bank of Nigeria (CBN) has directed bureau de change operators in the country not to sell dollars higher than N392 to end users. In a circular signed by…

By Our Business reporter  The Central Bank of Nigeria (CBN) has authorised commercial banks to give up to N2 billion maximum loan to youths interested in going into agriculture. The…

FacebookTwitterTelegramCopy LinkWhatsAppMore1 The Central Bank of Nigeria (CBN) has opposed a suit before the federal high court in Lagos seeking to remove Ajami (Arabic) inscriptions on the naira notes. CBN…

The Central Bank of Nigeria (CBN) has frozen the accounts of 15 textile smugglers across the country. Deputy Governor Corporate Services of the CBN Mr. Edward L. Adamu made this…

Muhammad Sanusi, the former emir of Kano, says those who claim to represent the interest of the country’s geopolitical zones are fighting for their pockets. Sanusi, a former governor of…

By Our Reporter The Central Bank of Nigeria (CBN) had disbursed N3.5 trillion to different sectors of the economy to cushion the effects of the Coronavirus pandemic. It will also…