Banks’ Assets Increase in April – CBN Banks total assets and liabilities grew by 0.5 percent in April, according to the Central Bank of Nigeria. The...
Nigeria Realises US$10.22b Forex Inflow in May The Central Bank of Nigeria (CBN) has said the federation recorded a total foreign exchange inflow of US$10.22 billion...
Oil Discovery Exposed Nigeria’s Economy to Vulnerability –Emefiele The Governor, Central Bank of Nigeria, Mr Godwin Emefiele, has said the discovery of crude oil and the...
CBN to Embark on Another Recapitalisation Program In a move to reposition Nigerian banks among global counterparts, the Central Bank of Nigeria on Monday announced it...
CBN Increases Financial Inclusion Target to 95% The Central Bank of Nigeria on Monday increased its financial inclusion target from the previous 80 percent (by 2020)...
CBN, Banks to Build Database of Loan Defaulters In an effort to identify loan defaulters and reduce the size of bad debts in the banking sector,...
CBN Forex Intervention Hits $42.3bn in One Year Between April 2018 and March this year, the Central Bank of Nigeria injected over $42.3bn into the foreign...
CBN, Others Urged to Reposition Power The Central Bank of Nigeria (CBN), Deposit Monetary Banks (DMBs) and other financial institutions should collaborate with a view to...
CBN Releases N607bn Agriculture Credit for 587 Projects The Central Bank of Nigeria has released a total of N607.87bn credit to selected Deposit Money Banks to...
Importers of Restricted Items to be Blacklisted – CBN In an effort to curtail rising importation of restricted items, president Muhammadu Buhari has directed the Central...