Commercial Banks Own CBN N950b -Report
Commercial and merchant banks took cumulative loans worth N949.91 billion from the Central Bank of Nigeria (CBN) within three months, the apex bank’s quarterly economic report has shown. The report…
CBN: POS N50 Charges, Not For Single Individual
The Central Bank of Nigeria (CBN) has given clarification on the issue of Point of Sale (POS) N50 charges on transactions, insisting that no single individual should pay extra on…
CBN: N1.3tr Spent To Import Rice, Wheat, Others In 12 Months
NOT less than N1.3 trillion was spent by the Federal Government on the importation of rice, fish, sugar and wheat in the last 12 months, the Central Bank of Nigeria…
World Bank Warns Of Rise In Poverty
The World Bank has raised the alarm that, as Nigeria’s Gross Domestic Product (GDP) declines, poverty will be on the increase. This is contained in the Nigeria Economic Update (NEU)…
$5.36b Injected Into Economy
The total value of capital injected into the economy in the third quarter of this year stood at $5.36 billion, the National Bureau of Statistics (NBS) said in a report…
CBN Leaves Benchmark Lending Rate Unchanged At 13.5%
ByDayo Adeyemi, Abuja The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday left the Monetary Policy Rate unchanged at 13.5 per cent. The CBN Governor, Mr Godwin…
Waziri Bulama: Bankrupt ‘big man’ who wants to be APC National Secretary
● Owes Unity Bank 400M ‘bad loan’ Desperate to replace Governor Mai Mala Buni as the National Secretary of the All Progressive Congress APC is notorious bank debtor Architect Waziri…
MTN Opts For Out-Of-Court Settlement With CBN
Counsel for MTN Nigeria Communications Ltd Wole Olanipekun (SAN) on Tuesday told the Federal High Court in Lagos that its client was engaged in settlement talks with the Central Bank…
2019 Elections: CBN To Monitor Banks’ Lending To Politicians
The Central Bank of Nigeria on Thursday said it would monitor the rate at which banks provide loans to politicians to finance their campaign spending ahead of the 2019 general…
