Central Bank of Nigeria (CBN)

Beginning from today till March 2023, the Central Bank of Nigeria (CBN) may find it difficult to rein in the economy following the dollarisation of political campaigns. Political activities have geared up and the timetable by the…

Total customer deposits in 11 Nigerian banks rose to N41.18 trillion at the end of the first quarter of this year from N39.48 trillion in December 2021, their unaudited financial statements have shown. The increase represents 4.31 per…

The Central Bank of Nigeria (CBN) says it has upgraded its eNaira speed wallet application to adopt, USSD (Unstructured Supplementary Service Data) tool - which allows users to pay for DStv and buy recharge cards amongst other…

OMOTAYO ARAOYE and AMINA HUSSAINI, Abuja Having exhausted the local capacity on the 2020/21 Nigerian National Petroleum Corporation (NNPC) consolidated insurance package (CIP), the handlers have gotten the tacit…

GILBERT EKUGBE The Minister of Agriculture and Rural Development, Sabo Nanono, has stated that Nigeria can be a rice exporting nation in the next two years if it maintains the same momentum towards being rice sufficient. Nanono said the…

Two financial experts on Monday pick hole in the 2018 single-digit inflation target of the Central Bank of Nigeria (CBN) saying it would not be feasible owing due to the downside risks of electioneering spending. They spoke in separate…

The nation’s foreign reserves has appreciated by $7.44 billion in first three months of 2018 on the heels of steady increase in global oil prices and increased activity in the investor exporter window. The foreign reserves opened this…

The Central Bank of Nigeria (CBN) said Manufacturing Purchasing Managers’ Index (PMI) closes March at 56.7 index points as level of business activities in the country continued to increase. The 56.3 index points indicated expansion in the…

The Central Bank of Nigeria (CBN), banks, licensed mobile money operators and super agents announced an agreement to fund the expansion of a shared agent network to deepen financial inclusion in Nigeria as well as job creation in Nigeria.…

Rice Farmers’ Association of Nigeria (RIFAN), Zaria Local Government chapter has pulled out of the Federal Government’s RIFAN loan scheme alleging that the programme that involved the Central Bank of Nigeria (CBN) has been hijacked by few…