CBN Okays N19bn For Nine Cotton Plants’ Revival     The Central Bank of Nigeria has approved a fresh loan of N19.18bn to nine cotton producing firms with a view to retooling their processing plants. The apex bank has also set aside the sum of N500m to recycle...

Six Banks Increase Market Dominance   The Concentration Ratio (CR) of the six largest banks in Nigeria with respect to deposits and assets stood at 60.31 and 59.74 per cent at the end of December 2018 respectively. This showed an increase, compared with the 57.68 and 63.68...

NAF, CBN, IMPR Bag Global PR Awards In Armenia   The Nigerian Airforce (NAF), the Central bank of Nigeria (CBN) and Image Merchants Promotions have bagged the Golden World Awards of Excellence in Public Relations in Yerevan, Armenia. The awards instituted by the International Public Relations Association...

Customers Can Exchange Mutilated Notes After Deadline - CBN   The Central Bank of Nigeria (CBN) has said members of the public can continue to return mutilated bank notes to their banks after the September 2 deadline. The Director, CBN Corporate Communications, Mr Isaac Okoroafor disclosed this...

FG, States' Debt: MPC Members Raise Concern   Some members of the Monetary Policy Committee of the Central Bank of Nigeria have expressed concerns over the rising debts owed by the Federal Government and states in the country. The MPC members voiced their concerns at the last...

Apex Bank To Auction N208bn Treasury Bills   The Central Bank of Nigeria is scheduled to roll over maturing bills worth N208bn through the Primary Market Auction across the 91-day (N24.4bn), 182-day (N38.8bn) and 364-day (N145.5bn) tenors. The CBN is also expected to mop up excess liquidity...