CBN Trains over 400 Kano Residents On e-Naira Usage By Ozumi Abdul The Central Bank of Nigeria (CBN) on Wednesday trained over 400 people in Kano state on the usage of the Central Bank Digital Currency (CBDC), popularly called e-Naira. The training which was held in Gadun...

FG Raked In N697.38bn Through VAT In Q4, 2022 — NBS   The National Bureau of Statistics, NBS, said the aggregate Value Added Tax, VAT, stood at N697.38 billion in Q4 2022. This is according to the VAT Q4 2022 Report released in Abuja on Wednesday. The report...

Despite Economic Challenges, Banking Sector Has Remained Resilient - CBN   Despite challenges in the economy, the Nigerian banking system has remained sound and resilient, according to the Central Bank of Nigeria (CBN). The CBN disclosed this in a statement by a member of the Monetary Policy...

Anchor Borrowers: CBN Says Farmers Repaid N503bn, Faults IMF’s Poor Rating The Central Bank of Nigeria has disclosed that farmers under the Anchor borrowers programme have repaid N503bn representing 52.39 per cent owed as of February 2023. The Anchor Borrowers Programme was established in 2016, is...

Banks’ Credit To Govt Rises By N11trn   Banks credit to the government rose by N11.75tn in one year, figures obtained from the Central Bank of Nigeria (CBN) have revealed. The CBN disclosed in its ‘Money and credit statistics’ report that the credit rose from N14.9tn as...

N24bn Recovered From Defaulting Employers - PenCom   The National Pension Commission (PenCom) says it has recovered N24.15bn non-remitted pension savings of employees from defaulting employers. It disclosed this in its fourth quarter report for 2022. The report stated that, “Following the issuance of demand notices to defaulting...