Just In: CBN Reduces Benchmark Lending Rate To 11.5%
The Central Bank of Nigeria on Tuesday reduced the Monetary Policy Rate from 12.5 per cent to 11.5 per cent after the two-day Monetary Policy Committee Meeting in Abuja. The…
Nigerian SMEs show business ingenuity but starved of growth capital
Faith Moses finished from a university, decided to be making laptop bags, folder files, wallets, instead of looking for a job in a corporation or government offices. Although the COVID-19…
Just In: Update: DSS Release Mailafia
By Lukman Amusa The former Deputy Governor of the Central Bank of Nigeria, Dr Obadiah Mailafia, who reported to the department of state service on had been released. Our correspondent…
Mailafia Ask Nigerians To Pray For Him Over DSS Invitation
By Lukman Amusa Dr Obadiah Mailafia, a former Deputy Governor of the Central Bank of Nigeria(CBN)want Nigerian to pray for over third invitation by the department of state service(DSS) The…
Repentant Terrorists Told Us Northern Governor Among Boko Haram Leaders – Mailafia
A former Deputy Governor of the Central Bank of Nigeria, Dr. Obadiah Mailafia, says repentant terrorists revealed that a serving northern governor is a Boko Haram leader. Mailafia said this…
National Theatre To Create New Entertainment City And Employment- Lai Mohammed
By Moses Godonu Minister of Information and Culture, Lai Mohammed said upgrading the National Art Theatre in Iganmu, Surulere, Lagos is to create a new entertainment city for TV and…
CBN Demands Exclusive Right To Bank Licensing, Revocation
In order to avoid duplication of function and in line with international best practice the Central bank of Nigeria want the Nigeria senate to give the apex bank the exclusive…
JUST IN: CBN Unveils Plans For Non-Interest Facility In ABP And Others
The Central Bank of Nigeria (CBN) has announced plan to release a framework for integration of non-interest window in all its intervention programmes, particularly the Anchor Borrowers’ Programme (ABP) and…
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…
