Central Bank

We Have Not Devalued Naira, Says Nigeria’s Central Bank

It said reports to the contrary are “outright falsehood”.

1 year ago

Nigeria Begins Implementation of Central Bank’s $600m Gas Expansion Fund

Nigeria’s federal government has commenced the implementation of the Central Bank of Nigeria’s (CBN) N250 billion intervention fund for the…

3 years ago

Nigeria: Manufacturers Back Central Bank’s Ban of FX Sale to BDCs

Members of the Manufacturers Association of Nigeria (MAN) have strongly supported last week’s decision by the Central Bank of Nigeria…

3 years ago

Nigerian Banks Resilient and Safe, Central Bank Assures

Ahead of the Monetary Policy Committee (MPC) meeting of the Central Bank of Nigeria (CBN) on Monday and Tuesday, the…

3 years ago

Nigeria: Analysts Upbeat about Central Bank’s Proposed Digital Currency

Analysts have welcomed the planned introduction of digital currency by the Central Bank of Nigeria (CBN), saying it will improve…

3 years ago

Nigeria: Central Bank Increases Forex Allocation to Banks

The Central Bank of Nigeria (CBN) on Sunday announced the increase of foreign exchange (forex) allocations to banks to meet…

3 years ago

Central Bank, Ekiti State Unveil Nigeria’s First Rice Pyramids in Southwest

  The Governor of the Central bank of Nigeria, Godwin Emefiele, was in the Southwestern state of Ekiti to unveil…

3 years ago

Nigeria’s Central Bank Licenses 10 More International Money Transfer Operators

The Central Bank of Nigeria (CBN) has granted operating licences to 10 additional international money transfer operators (IMTOs) as part…

4 years ago

Nigeria: Governors Plead with Central Bank, Finance Minister to Shelve Loan Deductions

Governors Aminu Tambuwal (Sokoto State) and Kayode Fayemi (Ekiti State) on Tuesday pleaded with the Central Bank of Nigeria (CBN)…

4 years ago

Nigeria’s Central Bank Guarantees Exporters Unfettered Access to Sales Proceeds

The Central Bank of Nigeria (CBN) has assured exporters that they will continue to have unfettered access to their export…

4 years ago

Nigeria’s Central Bank Works to Slash Wheat Importation by 60%

The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, on Thursday restated the bank's commitment to improve…

4 years ago

Turkey: An Interfering President And A Central Bank With No Independence

[bc_video video_id="6242717027001" account_id="6116119081001" player_id="default" embed="in-page" padding_top="56%" autoplay="" min_width="0px" playsinline="" picture_in_picture="" max_width="640px" mute="" width="100%" height="100%" ]   Turkey’s President Recep Tayyip…

4 years ago

Nigeria’s Central Bank Introduces ‘Naira 4 Dollar Scheme’ to Boost Diaspora Remittances

The Central Bank of Nigeria (CBN) has introduced a scheme that rewards senders and recipients of international money transfers through…

4 years ago

Nigeria: Central Bank Facilitates Release of 50,000Mt of Maize

The Central Bank of Nigeria (CBN) has released 50,000 metric tonnes of maize into the Nigerian market. A statement from…

4 years ago

Nigeria’s Central Bank Governor Rules Out Foreign Investors’ Exclusion from Open Market Auctions

Foreign portfolio investors (FPIs) will not be barred from participating in the Open Market Operations (OMO) auctions, Central Bank of…

4 years ago

Nigeria’s Central Bank Investigates Cryptocurrency Companies’ Bank Accounts for Fraud

The Central Bank of Nigeria (CBN) has opened investigations into bank accounts of companies involved in the trading of cryptocurrencies…

4 years ago

CBN Orders Banks to Shut Accounts of Persons Involved in Cryptocurrency Trading

The Central Bank of Nigeria (CBN) has ordered all financial institutions including banks in the country to shut accounts of…

4 years ago