Central Bank of Nigeria

The Central Bank of Nigeria is billed to auction N93.13bn worth of treasury bills in a Dutch auction at the end of the month. The CBN said in its tender notice on Wednesday that the treasury bills spread across the 91-day, 182-day and…

The Central Bank of Nigeria (CBN) has injected 325.5million dollars in the retail Secondary Market Intervention Sales (SMIS) and CNY14million in the spot and short tenured forwards segment of the inter-bank foreign market. The bank’s…

Ayodele Olalere Verve Card has promised to continually improve financial inclusion across borders and make payments much more seamless and efficient. This promise was made in Lagos by Mitchell Elegbe, Founder/GMD,…

The Central Bank of Nigeria (CBN) on Thursday issued regulatory guidelines for the operation of Indirect Participants in the Payments System, with effect from November 11. The apex bank made this known in a circular issued by CBN’s…

Panic has gripped deposit money banks in the country as Central Bank of Nigeria has wielded the big stick on recalcitrant lenders that failed to adhere to its credit policy. Business activities in many of the deposit money banks are now…

For breaching its guidelines on lending to the real sector of the economy, the Central Bank of Nigeria (CBN) has fined 12 major banks N499.1 billion. According to an approved debit instruction, the affected banks and the amount they will…

After announcing the injection of N22 billion seed capital into the creative industry, the Central Bank of Nigeria (CBN) on Monday gave the movie production and distribution a $10.7 billion growth target in the next five years. CBN…

The Central Bank of Nigeria (CBN) has explained that under the cashless policy, agent locations are omitted from paying processing fees or tax on cash out done. The central bank also said they would constantly take proactive…

Six agricultural schemes gulped the sum of N299.16 billion loans from the Central Bank of Nigeria (CBN) in 2018, a report from the apex bank has revealed. According to the CBN’s annual report for 2018, Commercial Agriculture Credit…

For many years now, foreign or imported rice has been the main menu on many family tables. While this lasted, the local brands were relegated to the background to the extent that some Nigerians saw eating foreign imported rice as a form of…