We Don’t Give Loans Directly To Customers, Says CBN   The Central Bank of Nigeria (CBN) has said that there are clearly spelt out procedures for accessing its intervention funds, which are disbursed through Participating Financial Institutions, such as Deposit Money Banks, Development Finance Institutions and...

CBN To Disburse Lower Currencies To Microfinance Banks   To stem the scarcity and hawking of the currency, the Central Bank of Nigeria (CBN), has released guidelines for the disbursement of lower denominations of the naira through microfinance banks (MFBs), across the country. A circular issued by...

In One Month, External Reserves Drop By $482m   Nigeria’s external reserves dropped by $482.18m from N45.14bn as of July 8 to $44.65bn as of August 8, latest statistics from the Central Bank of Nigeria have shown. The reserves which had maintained a steady rise in recent...

CBN To Auction N34bn Treasury Bills Today The Central Bank of Nigeria is on Wednesday billed to auction N34bn worth of Treasury bills, 14, roll over existing Federal Government T-bill maturities. Analysts at Zedcrest Capital Limited said upon resumption from the Salah break, despite the small...

Banks To Partner Credit Bureau Operators On CBN’s Loan Policy Banks will be collaborating with credit bureau operators to achieve the Central Bank of Nigeria’s (CBN’s) 60 per cent Loan to Deposit Ratio (LDR) policy. The CBN’s directive, expected to lead to more than N1.4 trillion...

NAF, CBN Emerge Winners Of 2019 IPRA Golden World Awards The Nigeria Airforce (NAF) and the Central Bank of Nigeria (CBN) and have emerged winners of the 2019 prestigious PR Golden World Awards (GWA) instituted by the International Public Relations Association (IPRA). The duo, earlier in...