CBN Guarantees N2.4bn Loans For 14,000 Osun Farmers       The Osogbo Branch of Central Bank of Nigeria on Wednesday said it had guaranteed loans running into N2.4bn for over 14,000 farmers since the branch commenced operations in the state. The CBN Osogbo Branch Controller, Mrs Ajuma Madojemu,...

Monetary Policy, Corporate Results Spur Equity Performance       The stock market swung back into positive territory yesterday following the retention of the Monetary Policy Rate, MPR, at 11.5 per cent by the Central Bank of Nigeria, CBN, in its second Monetary Policy Committee, MPC meeting of...

CBN Intervention Has Crashed Price Of Rice – Emefiele       The Governor of the Central Bank of Nigeria, Godwin Emefiele, says the price per bag of rice has reduced compared to the price it was sold last year during the COVID-19 lockdown in April 2020. He attributed...

We Disburse $80m Weekly For School Fees, BTAs, Says Emefiele       In view of the lingering foreign exchange scarcity in the country, the Central Bank of Nigeria has urged Nigerians not to panic, saying there is enough forex for business owners, travellers and parents with students...

CBN Has Not Intervened In I&E Window Since January – Emefiele       The Governor of the Central Bank of Nigeria, Godwin Emefiele, has said Nigeria has not changed from its foreign exchange management policies. The governor, who stated this at the 278th MPC Press Briefing in Abuja...

Banks Cut Borrowings From CBN By N1.56trn       Banks borrowings from the Central Bank of Nigeria reduced by N1.56tn to N136.13bn in the fourth quarter of 2020 from N1.7tn in the third quarter. Figures obtained from the Central Bank of Nigeria on ‘Standing facilities window operations’ in...