CBN

Business

CBN Awards MTN Subsidiary Licence To Provide Financial Services

CBN Awards MTN Subsidiary Licence To Provide Financial Services The Central Bank of Nigeria (CBN) has awarded a subsidiary of MTN a licence that would allow it to provide financial…

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Business

CBN Reacts To Criticisms Of Forex Policy On Milk

CBN Reacts To Criticisms Of Forex Policy On Milk Central Bank of Nigeria Friday said its proposed foreign exchange policy on milk is aimed at boosting local milk production and job creation….

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business

CBN Retains Monetary Policy Rate At 13.5%

CBN Retains Monetary Policy Rate At 13.5%   The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), has retained the Monetary Policy Rate (MPR) at 13.5 per…

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Business

CBN To Ban $1.2b Yearly Forex For Milk, Other Dairy Products

CBN To Ban $1.2b Yearly Forex For Milk, Other Dairy Products The Central Bank of Nigeria (CBN) might have concluded plans to add milk and other dairy products to items…

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Business

CBN Injects $210m In Forex Market

CBN Injects $210m In Forex Market The interbank segment of the Nigerian foreign exchange market received a fresh boost of 210 million dollars from the Central Bank of Nigeria (CBN)…

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Economy

CBN Mandates Banks To Lend 60% Of Deposits

CBN Mandates Banks To Lend 60% Of Deposits   In a bid to boost economic growth, the Central Bank of Nigeria (CBN), Friday, mandated Deposit Money Banks, DMBs, to give…

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Business

Business, Consumers’ Confidence In Economy To Rise In July — CBN

Business, Consumers’ Confidence In Economy To Rise In July — CBN   Central Bank of Nigeria (CBN) survey report has shown that businesses and consumers’ confidence in the country’s economy…

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business

CBN Considering Fresh Capital Base For Banks

CBN Considering Fresh Capital Base For Banks The disclosure Monday of plans by Central Bank of Nigeria (CBN) Governor Godwin Emefiele to pursue, among other objectives, the recapitalisation of the…

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business

CBN Summons Currency Dealers, Others On Development In Forex Market

CBN Summons Currency Dealers, Others On Development In Forex Market   The Central Bank of Nigeria (CBN) has summoned all authorised currency dealers for a meeting to discuss development in…

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business

Bailout Funds’re Structured Loans — CBN

Bailout Funds’re Structured Loans — CBN The Central Bank of Nigeria, CBN, has said the recent bailout funds were not mere freebies but guaranteed structured loans to states. The CBN…

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business

CBN Disburses N30b To Oil Palm Producers

CBN Disburses N30b To Oil Palm Producers   The Central Bank of Nigeria (CBN) has disbursed the sum of N30 billion to oil palm producers, with a view to ensuring…

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business

Nigeria’s Domestic Debt Decline Marginally — CBN

Nigeria’s Domestic Debt Decline Marginally — CBN   The Central Bank of Nigeria, CBN, Tuesday disclosed that the country’s outstanding domestic debt declined by N146 billion to N12. 4 trillion…

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