CBN

Business

CBN To IMF: We Prefer Stable Exchange Rate Now To Building Reserves

CBN To IMF: We Prefer Stable Exchange Rate Now To Building Reserves The Central Bank of Nigeria, CBN, Sunday responded to the International Monetary Fund, IMF, propositions on judicious use…

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Business

CBN Revokes Licence Of Microfinance Bank

CBN Revokes Licence Of Microfinance Bank The Central Bank of Nigeria, CBN, Tuesday, said it has revoked the licence of Garu Microfinance Bank, a microfinance institution in Bauchi state. A…

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Economy

CBN Explains Reduction In Foreign Reserves

CBN Explains Reduction In Foreign Reserves The recent reduction in the level of the nation’s foreign reserves has nothing to do with on-going political activities, the Central Bank of Nigeria,…

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business

Economic Growth Rate Softens — CBN

Economic Growth Rate Softens — CBN The Central Bank of Nigeria’s (CBN’s) Purchasing Managers Index, PMI, for the manufacturing sector stood at 56.2 in September 2018, indicating further fluctuation against…

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Business

CBN To Disburse N220bn To Enterprises Development Fund

CBN To Disburse N220bn To Enterprises Development Fund The Central Bank of Nigeria (CBN) said it had set aside N220 billion to be disbursed as loans to cooperative organisations under…

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Business

CBN Commences Chinese Yuan Forex Intervention

CBN Commences Chinese Yuan Forex Intervention The Central Bank of Nigeria (CBN) Friday flagged off its intervention in the sale of foreign exchange in Chinese Yuan (CNY), signaling the consummation…

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Business

CBN Injects $210m Into Foreign Exchange Market

CBN Injects $210m Into Foreign Exchange Market The Central Bank of Nigeria (CBN), on Tuesday injected 210 million dollars into the inter-bank Foreign Exchange market to meet customers’ requests in…

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News

Buhari Writes Senate, Seeks Confirmation Of Shonubi As CBN Deputy Governor

Buhari Writes Senate, Seeks Confirmation Of Shonubi As CBN Deputy Governor President Muhammadu Buhari has written to the Senate, asking for the confirmation of Mr. Folashodun Shonubi as the Deputy…

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business

Nigeria, China Seal $2.4bn Currency-swap Deal

Nigeria, China Seal $2.4bn Currency-swap Deal Nigeria and China have signed a currency-swap agreement worth $2.4 billion to boost commercial ties and reduce the need to use dollar in their…

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News

CBN Debunks Fire Outbreak Story At Its Head Office

CBN Debunks Fire Outbreak Story At Its Head Office Reports that the Centrall Bank of Nigeria (CBN) head office building is on fire are false. Passers by who saw a…

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