FG distributes inputs worth N5million to rice farmers in Oyo State
The Federal Government, through the Central Bank of Nigeria (CBN), on Monday distributed farm inputs worth N5 million to18 rice farmers in Oyo State. Mr Victor Korede, the Chairman, Rice…
New CBN credit policy will stimulate economic growth – Expert
An economist, Mr Titus Okuroumu, on Friday expressed optimism that the new Central Bank of Nigeria (CBN) credit policy would consolidate the gains already made  in the economy and stimulate…
Currency swap deal: CBN bars importers of substandard goods
The Central Bank of Nigeria (CBN) says the currency swap agreement with the People’s Bank of China (PBoC), will not cover the importation of substandard goods into the country….
CBN grants N14.9bn loan to North-East Commodity Association
The Central Bank of Nigeria (CBN) has granted N14.9 billion loan to the North East Commodity Association (NECAS), on the platform of its Anchor Borrowers’ Programme (ABP). Alhaji Sadiq Deware,…
Nigerians decry circulation of mutilated naira notes
Some Nigerians have decried the widespread circulation of mutilated naira notes in the country and called on the Central Bank of Nigeria (CBN) to reverse the trend and ensure better…
CBN injects $210million in foreign exchange market
The Central Bank of Nigeria (CBN) has injected 210 million dollars into the inter-bank Foreign Exchange Market to meet customers’ requests in various segments of the market. The CBN Acting…
Internet fraud: CBN to introduce new cyber-security framework
The Central Bank of Nigeria (CBN) said it was developing a Risk Based Cyber Security Framework for banks and payment service providers to combat internet fraud in the country. The…
Nigeria auctions Chinese currency in first yuan sale -traders
The Central Bank of Nigeria sold yuan at a range of 49-51 naira at its first auction of the Chinese currency last week, traders said on Monday. The auction, which…
NFIU Act no guarantee for quick return to Egmont Group – EFCC Source
The recently enacted Nigeria Financial Intelligence Unit (NFIU) Act is not an automatic ticket for the lifting of Nigeria’s suspension from the Egmont Group, according to a reliable source. The…
CBN comes hard on banks over illegal deductions as ATM users fume
The Central Bank of Nigeria (CBN), said any bank that deducts monies illegally from a customer’s account for products and services would be forced to refund the money to the…