Central Bank of Nigeria Archives

Customers express disappointment over CBN’s directive on transaction charges

Banks borrow N404bn from CBN in six days

…As Censors Board seizes pirated films worth N200m*** The Deposit Money Banks in the country borrowed the sum of N404bn from the Central Bank of Nigeria during...

Naira exchanges at N357 to Dollar, as CBN injects $210m into interbank Forex Market

Economy7 years ago

Naira closes at 363/dollar after New Year break

… As SEC stops issuance of dividend paper warrants*** The naira closed at 363 per United States dollar at the parallel market on Tuesday, the same...

Economy7 years ago

External reserves hit $38.7bn, rise by 50% in one year

…As experts say Oil price at $66 good for Nigeria*** The nation’s external reserves, also known foreign exchange reserves, rose by 50 per cent in the...

Economy7 years ago

CBN, RIFAN set to crash rice prices to N7,000

A collaboration between the Central Bank of Nigeria and Rice Farmers Association (RIFAN) is presently being fine tuned, in an aim of crashing the market prices of locally produced rice...

Economy7 years ago

Bauchi: Ningi youths crafting N1.8m worth of wood products monthly

…As Banks’ borrowing from CBN increases by 52% in December*** In a desire to productively engage their energy, youths in Bauchi, particularly those of the Ningi...

Economy7 years ago

Reps probe alleged $5bn diversion by CBN

…As EFCC releases Innoson boss, accuses him of N1.4bn fraud*** The House of Representatives alleged on Wednesday that over $5bn had been diverted by the Central...

NCC issues final letters of licence award to 5G spectrum

Economy7 years ago

NCC, CBN seek to curb financial frauds

…As NEMSA evaluates power lines nationwide*** The Nigerian Communications Commission and the Central Bank of Nigeria are to sign a Memorandum of Understanding to curb the...

Economy7 years ago

Naira depreciates to 365/dollar despite CBN interventions

…As Boroffice tells Fayose: Age is an asset; over call for Buhari’s resignation*** The naira depreciated marginally by 0.55 per cent at the parallel market week-on-week...

NECA cautions CBN on implementation of cashless policy

Banking & Finance7 years ago

Banks borrow N671bn from CBN in five days

…As Reps leader says N’Assembly lacks power over ECA, PDP tackles FG*** The Deposit Money Banks in the country borrowed the sum of N671.47bn from the...

Economy7 years ago

CBN injects $210m into currency market

…As 245 Libyan returnees get NEMA boss’ commendation on courage*** The nation’s currency, the Naira is expected to gain some stamina again, as the Central Bank of...