CBN says fake N1000, N500 note declined in 2020
The Central Bank of Nigeria (CBN) says the faking of higher denomination banknotes in Nigeria dropped 20.80 per cent in volume and 12.18 per cent […]
Apex bank
Group lauds President Buhari on youth empowerment
The APC National Youth Advocates, a support group, has commended President Mohammadu Buhari for his commitment towards the empowerment of Nigerian students and youths.This is […]
CBN’s N15trn Infrastructure Fund key to Nigeria’s economic growth – Expert
A construction industry expert, Mr Temitope Runsewe has commended the Central Bank of Nigeria (CBN) for its proposed N15 trillion Infrastructure Fund, saying it was […]
CBN releases guidelines for eNaira
Following the launch of the enaira by President Muhamadu Buhari, the application for the digital currency introduced by the CBN has become available for download, […]
CBN says banks remain stable, resilient despite pandemic
The Central Bank of Nigeria (CBN) says banks in the country have remained stable, robust and resilient in spite of the COVID-19 pandemic. The Director, […]
Godwin Emefiele, Bitt Inc. and that lavish 60th birthday bash in Jamaica, By Onyema Dike
The Central Bank of Nigeria announced that it would launch its digital currency, eNaira on October 1, 2021. It did not happen. In a statement, […]
Payment systems: CBN tasks financial institutions on technology
Mr Godwin Emefiele, Governor, Central Bank of Nigeria (CBN), has urged financial institutions to leverage new knowledge and technology tools to enhance the efficiency and […]
CBN pledges more support for youth empowerment
The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has pledged more support for youth empowerment, through sports and its other intervention programmes. Osita Nwanisobi, […]
What Nigeria requires to address infrastructure deficit — Emefiele
Mr Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN) on Saturday said that the Federal Government needed about US$100 billion annually to address […]
CBN retains MPR at 11.5%
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has agreed to retain the Monetary Policy Ratio (MPR) at 11.5 per cent […]
CBN denies non remittance of 80 % surpluses
The Central Bank of Nigeria (CBN) has denied allegation that it failed to remit 80 per cent of its operational surpluses into the Consolidated Revenue […]
CBN announces Bitt Inc. as Tech. Partner for its eNaira
The Central Bank of Nigeria (CBN), has announced the formal engagement of the global Fintech Company, Bitt Inc., as the Technical Partner for its digital […]
NAMB charts monetary roadmap for improved funding of MSMEs
The National Association of Microfinance Banks (NAMB) has advocated the need for the monetary authorities to broaden their policy scope towards improved funding of the […]
NIRSAL dismisses tale of ‘N150b missing funds’ as ‘ridiculous invention’
NIRSAL has dismissed recent reports of N150bn allegedly missing from the agency as ridiculous. A statement made available to Newsdiaryonline on Saturday said, “Whilst NIRSAL […]
SMEs have potential to reduce unemployment, enhance economic growth – CBN
Dr Aniefiok Umoren, Zonal Coordinator, South-South and South-East, Development Finance Activities, Central Bank of Nigeria (CBN), says Small and Medium Scale Enterprises (SMEs) have the […]
Alleged fraud: Court okays CBN’s request to freeze accounts of coys
The Federal High Court, Abuja has granted the request of the Central Bank of Nigeria to freeze the accounts of some companies allegedly involved in […]
CBN dep. gov explains depreciation in Naira’s value
The Deputy Governor, Corporate Services Department of the Central Bank of Nigeria (CBN), Mr Edward Adamu, has attributed the depreciation in the value of the […]
Poultry farmers commend CBN’s intervention programmes in Nigeria
Members of the Poultry Farmers Association of Nigeria (PAN), Ondo State chapter have commended the Central Bank of Nigeria (CBN) on its various intervention programmes […]
Banks refunded over N89bn to customers in June- CBN
The Gov. of Central Bank of Nigeria (CBN) Dr Godwin Emefiele on Thursday disclosed that at the end of June 2021, commercial banks in Nigeria […]
Buhari congratulates CBN Gov. Emefiele at 60
President Muhammadu Buhari has rejoiced with the Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, as he turns 60 on Aug. 4. The President, […]
FOREX: CBN assures customers of banks’ compliance
The Central Bank of Nigeria (CBN) has assured bank customers that it would monitor commercial banks to ensure legitimate Foreign Exchange (FX) demands of customers […]
MAN tasks banks on CBN forex directive compliance
The Manufacturers Association of Nigeria (MAN) has urged commercial banks to comply strictly with the Central Bank of Nigeria (CBN) directive on the sale of […]
CBN forex ban to BDCs will check round-tripping – experts
Financial experts say the Central Bank of Nigeria (CBN) ban of foreign exchange sales to Bureau De Change (BDC) operators will check round-tripping. They said […]
Forex: CBN directs commercial banks to set up teller points
The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMBs) to set up teller points in designated branches for the sale of Foreign […]
Forex: Financial expert urges CBN to exercise caution on BDCs ban
A Financial Expert, Mr Okechukwu Unegbu, has urged the Central Bank of Nigeria (CBN) to be cautious of its recent “blanket’’ ban placed on Bureau de […]