In 2 Months, CBN Disburses N57.9bn For Anchor Borrowers’  The Central Bank of Nigeria (CBN) has revealed that it  disbursed the sum of N57.91 billion for the execution of 185,972 projects under the anchor borrowers’ programme (ABP). CBN governor, Godwin Emefiele, disclosed this at a news...

JUST IN: First Time In Over 2 Years, CBN MPC Raises Interest Rate To 13% In its 142nd meeting, the Monetary Policy Committee of the Central Bank of Nigeria (CBN) has increased benchmark interest rates to 13 percent. The Governor of the Central Bank, Godwin Emefiele,...

Web3: The New Wave For Africa's Digital Economy By Kabir Abdulsalam The evolution and the upsurge of blockchain - a 'tsunami-like' phenomenon as described by many tech experts - is gradually enveloping innovation with the force of progression. Several terminologies begin to unravel in this chain. Tech...

Why CBN Issues Guidelines For Open Banking In Nigeria The Central Bank of Nigeria has issued a regulatory framework for Open Banking in Nigeria as an effort to enhance financial services through data sharing across the banking payment systems. In a circular titled, ‘Operational guidelines for...

ABP: CBN Raises Concern On Non-Payment Of Loans By Farmers The Central Bank of Nigeria (CBN) has appealed to farmers who defaulted on repayment of loans obtained under the Anchor Borrowers’ Programme (ABP) to pay back. The CBN Development Finance Officer, Sadeeq Ajayi made the appeal...

 Nigeria’s Foreign Exchange Reserves Now Below $39bn - CBN For the first time in nine months, Nigeria’s foreign reserves have dropped below $39 billion as Nigeria fails to take advantage of high oil prices. Ripples Nigeria Check on the Central Bank of Nigeria (CBN) website showed...