Emefiele: CBN’s intervention loans Hit N3tn  The Governor of the Central Bank of Nigeria, Godwin Emefiele, says the bank in conjunction with other financial institutions granted over N3tn  intervention loans to help economic recovery and job creation. Emefiele says that the current focus of monetary policy...

Currency In Circulation Drops By N37.94 Billion - CBN The Central Bank of Nigeria (CBN) money and credit report shows that currency in circulation in Nigeria fell by N37.94 billion in February to N3.25 trillion compared to N3.29 trillion recorded as of January 2022. In its...

CBN Sets N10bn Minimum Requirement For CGC  The Central Bank of Nigeria (CBN) has announced the registration requirements of an institution as a minimum share capital of N10 billion, a non-refundable application fee of N100,000 and a non-refundable licencing fee of N1 million among others...

CBN, Others Address Nigeria's Digital Future at CIO Africa Inaugural Summit Nigeria's Central Bank of Nigeria (CBN), Nigeria Inter-Bank Settlement System Plc (NIBSS), and other stakeholder organizations have urged policy makers and the private sector to collaborate to ensure Nigeria explores more opportunities related to...

Kaduna: CBN Unveils 21 Maize Pyramids The Central Bank of Nigeria (CBN) has unveiled 21 maize pyramids in Kaduna State. This is expected to boost maize production towards promoting food security and self-sufficiency. CBN revealed that, “As at February 2022, it has under its Anchor Borrowers’...

PENGASSAN on Fuel Scarcity: Non-Availability of FX Responsible For Crisis The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has reported that the inaccessibility of foreign exchange (FX) at the Central Bank of Nigeria rate has greatly contributed to the increase in fuel...