Central Bank of Nigeria Archives

NSE: Market indices extend growth by 0.35%

NSE: Guinness dominates losers’ chart as Market Capitalization loses N130bn

…CBN loans N1.5bn to Plateau under Agric. Development Scheme*** The Nigerian Stock Exchange (NSE) market capitalisation on Wednesday shed N130 billion in about six hours of...

Experts lauds CBN’s proposed policy for loan defaulters to forfeit deposits in other banks

Banking & Finance6 years ago

Experts lauds CBN’s proposed policy for loan defaulters to forfeit deposits in other banks

Financial experts have lauded the proposal by the Central Bank of Nigeria(CBN) to ensure a forfeiture by loan defaulters, of deposits in others banks. Speaking in...

Customers express disappointment over CBN’s directive on transaction charges

Economy6 years ago

Finance Experts thumbs down CBN over MPR 0.5% rate cut

Mixed feelings by financial experts have welcomed a recent 0.5 percent reduction of the Monetary Policy Rate (MPR) by the Central Bank of Nigeria, with many...

Economy6 years ago

Currency in circulation drops by N189.33bn in one month

…As NBS says FG spent N2.95tn on petrol imports in 2018*** Currency in circulation dropped by N189.33bn to N2.139tn at the end of January 2019 from...

Gunmen attack Imo Police Command, Correctional Centre, free inmates

Economy6 years ago

Lagos policemen respond to distress call two hours after robbery

…As Govt records N3tn revenue shortfall in nine months*** There was panic on Efon Alaye Close, Ojodu-Berger, Lagos, on Saturday, as a four-man robbery gang operated...

Economy6 years ago

FG recorded N66.51bn deficit in October – CBN

…As Oil price crash forces review of 2019 budget benchmark*** The Federal Government’s collected revenue fell by 38.4 per cent in October, and it recorded a...

Economy6 years ago

Diamond Bank gets CBN’s nod to operate as national bank

…IATA seeks support for open skies*** Diamond Bank Plc has received the approval of the Central Bank of Nigeria, following its application, to operate as a...

Economy6 years ago

Federally collected revenue rose to N2.52tn in Q3

…As UK advises Saraki, Dogara, others against dereliction of duty*** The nation’s federally collected revenue for the third quarter of this year rose by 8.9 per...

Economy6 years ago

Four Reps dump APC

…As Banks lose N12bn to robbery, fraud – CBN*** Four members of the ruling All Progressives Congress (APC) in the House of Representatives have announced their...

Banking sector well positioned to support monetary, fiscal recovery efforts, says Emefiele

Banking & Finance6 years ago

Two global banks close offices in Nigeria

…As FG summons envoy over closure of Nigerians’ shops in Ghana*** HSBC and UBS closed their offices in Nigeria. The Central Bank of Nigeria said this...