CBN Signals Weaker Official Naira Rate - Report The Central Bank of Nigeria (CBN) has signalled it will allow the naira to weaken past its official rate as it gradually unwinds its regime of multiple exchange rates, Bloomberg cited data on the central bank’s website...

Textile Sector Resuscitation: CBN Engages 100,000 Cotton Farmers   The Central Bank of Nigeria is partnering the National Cotton Association of Nigeria to engage 100,000 Cotton farmers to cultivate 100,000 hectares of cotton for the 2019 season. The move is part of the measures by the apex...

CBN Should Be Stricter In Regulation JUST how lax the Central Bank of Nigeria has been in enforcing its writ emerged from its Monetary Policy Committee that recently expressed grave concern over the N8.1 trillion delinquent loans in the banking system. The committee directed the regulator...

Apex Bank Extends Lending Programme To 1,059,604 Farmers   The Central Bank of Nigeria says 1,059,604 smallholder farmers have benefitted from the Anchor Borrowers Programme. The Anchor Borrowers Programme, which was launched in November 2015, was designed to build partnerships between smallholder farmers and reliable large-scale agro-processors,...

CBN Pumps $205m Into Forex Market The Central Bank of Nigeria, on Tuesday, injected the sum of $205m into the inter-bank foreign exchange market in its continued push to sustain liquidity. Figures obtained from the CBN indicated that authorised dealers in the wholesale segment of the...

CBN: FG’s Preference For Borrowing Slashed Savings Bonds By 50% The Federal Government of Nigeria’s savings bonds reduced by 50.18 per cent at the end of the 2018 financial year. According to a report by the Central Bank of Nigeria on its 2018 activities, “a total...