CBN

We only need presidential, not ministerial approval for naira redesign; CBN replies finance minister

The Central Bank of Nigeria has said the only approval it requires for its planned redesign of the naira is…

2 years ago

EFCC Endorses CBN’s Moves on New Naira Notes

The Economic and Financial Crimes Commission, EFCC, has applauded the move by the Central Bank of Nigeria, CBN, to redesign…

2 years ago

BREAKING: CBN Redesigns Three Naira Notes

The Central Bank of Nigeria Governor, Godwin Emefiele has said the apex bank will redesign three naira notes. He said…

2 years ago

CBN completes Polaris Bank sale to Strategic Capital, with N50bn upfront payment

The Central Bank of Nigeria (CBN) has completed the sale of Polaris Bank to Strategic Capital Investment Limited (SCIL), a…

2 years ago

Nigeria’s inflation to average 19% in 2022, says IMF

The International Monetary Fund (IMF) is projecting that Nigeria’s inflation will moderate to an average of 19 per cent by…

2 years ago

NACCIMA Hails CBN’s Resolve to Fight Inflation, Expresses Concern about High Cost of Fund

The National Association of Chambers of Commerce, Industries, Mines and Agriculture (NACCIMA) has tasked the Central Bank of Nigeria (CBN)…

2 years ago

CBN goes after states, farmers over N600b unpaid loans

The Central Bank of Nigeria (CBN) has begun an aggressive drive to recover the loans it gave out under its development finance…

2 years ago

Breaking: CBN jacks up interest rate to 15.5%

The Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR), which measures interest rate, from 14 per…

2 years ago

CBN defends naira with $7.6bn in five months

The Central Bank of Nigeria injected $7.6bn into the economy to stabilise the value of the naira in five months.…

2 years ago

CBN moves to recover unpaid loans under Anchor Borrowers

The Central Bank of Nigeria (CBN) is set to recover loans advanced to farmers who are beneficiaries of its Anchor…

2 years ago