FEC approves N13.08trn budget proposal for 2021
The Federal Executive Council (FEC) on Wednesday in Abuja approved budgetary proposal of N13.08trillion for 2021 fiscal year. The Minister of Finance, Budget and National […]
CBN
FOREX: CSOs urge CBN to ensure level playing ground for oil marketers
A consortium of Civil Society Organisations (CSOs) has asked the Central Bank of Nigeria (CBN) to ensure level playing ground for all oil marketers in […]
Mixed reactions trail CBN‘s MPR cut
Finanical experts on Tuesday expressed mixed reactions to the 100 basis points slash in the Monetary Policy Rate (MPR) by the Monetary Policy Committee (MPC) […]
Economic recovery: CBN reduces Monetary Policy Rate
The Central Bank of Nigeria (CBN) on Monday announced reduction of the Monetary Policy Rate (MPR) from 12.5 per cent to 11.5 per cent. Mr […]
Financial expert advises CBN on interest rates as MPC holds
As CBN holds its 275th quarterly Monetary Policy Committee (MPC) meeting on Monday, a Financial expert, Mr Okechukwu Unegbe called for reduction of lending rates by […]
Ekiti State Govt. calls for more CBN support for agric development
Ekiti State Government has appealed to CBN to extend its support to the development of tree crops not captured under the anchor borrowers programmes and […]
Naira strengthens against dollar
The Naira on Thursday gained one point to appreciate against the dollar at the parallel market in Lagos. The News Agency of Nigeria, (NAN) reports […]
Forex: Speculators set to count losses
Speculators in Nigeria’s foreign exchange market are set to count huge losses as the Naira continues to surge against the dollar, following the interventions made […]
Wanted: Partnership for economic recovery, By Issa Aremu
It’s an open knowledge that coronavirus pandemic has led to the deepest global economic crisis since World War II. As many as world’s 3.3 billion […]
COVID-19: Labour activist wants NLC, CBN to partner on economic recovery
A Labour Leader and Activist, Mr Issa Aremu, has called for partnership between the Nigeria Labour Congress (NLC) and Central Bank of Nigeria (CBN) toward […]
Kano Govt to sensitise communities on CBN agric loan scheme
Kano State Government says it will collaborate with the Community Base Organisations (CBOs), to create awareness on the Central Bank of Nigeria (CBN) credit facilities […]
CBN resumes sale of foreign exchange to licensed BDC operators
The Central Bank of Nigeria (CBN) says it has commenced the sale of foreign exchange to the Bureau De Change (BDC) operators in the country. […]
CBN goes tough on exporters over forex non-repatriation
As part of its effort to increase foreign exchange liquidity in the country, the Central Bank of Nigeria (CBN) has directed all banks in the […]
CBN, Bankers’ Committee to support airlines, media as COVID-19 bites
On the prompting of the Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, the Bankers’ Committee unanimously agreed to extend special facilities to Nigerian-registered […]
Senate to sanction CBN, NPA, NCC, NIMASA, others
By Haruna Salami The Senate has threatened to sanction heads of some revenue generating agencies, if they fail to honour its invitation to appear before […]
Ex-Director urges Banks to follow CBN guidelines on loans
Dr Titus Okunrounmu, a former Central Bank of Nigeria (CBN) director, has advised commercial banks to adhere to CBN guidelines in granting loans to investors […]
GSI: Banks recover N50.32m loans from defaulters in 9 days – CBN
Mr Kevin Amugo, Director, Financial Policy and Regulation, CBN, said Nigerian banks recovered about N50.32 million bad loans from debtors within nine days the country […]
Financial experts urge CBN to stabilise forex against rising inflation
Financial experts on Tuesday expressed concerns on the country’s rising inflation rate currently at 12.82 per cent, and called for stabilisation of the exchange rate. […]
That CBN’s N15tn boost for infrastructure
By Salisu Na’inna Dambatta The Central Bank of Nigeria (CBN) under the leadership of Chief Godwin Emefiele has become an activist and real interventionist institution […]
Monetary Policy Committee retains Rate at 12.5%
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), has retained Monetary Policy Rate (MPR) at 12.5 per cent and held all […]
CBN funds 20 healthcare intervention projects with N26.27bn
The Central Bank of Nigeria (CBN), has disclosed that under the N100 billion credit support intervention for the health sector, it has so far funded […]
Research: 20 applicants request N67bn grant to develop vaccines – CBN
The Central Bank of Nigeria (CBN), says it has received more than 20 applications requesting for N67 billion grants under its Healthcare Sector Research and […]
Maize production: CBN targets 12.5m metric tons in 18 months
The Central Bank of Nigeria (CBN) on Friday in Abuja said that it would intensify its support to farmers to meet the production of 12.5 […]
NDIC seeks CBN collaboration in bank licensing
The Nigeria Deposit Insurance Corporation (NDIC) has emphasized the need for the corporation to be involved in the process of licensing banks in collaboration with the […]
Maize production: Association urges CBN to grant loans to entrepreneurs
By Chimezie Godfrey The Maize Association of Nigeria (MAAN), has urged the Central Bank of Nigeria (CBN), to grant soft and quick loan facilities to […]