Forex Restriction List Grow To 50 As CBN Adds Items The Central Bank of Nigeria may increase the items on the foreign exchange restriction list from 42 to 50 in order to boost local production and stimulate the export market. The Governor, Central Bank of Nigeria,...

CBN To Compensate 550,000 Rice Farmers Affected By Flood The Rice Farmers Association of Nigeria says the Central Bank of Nigeria has approved compensation for over 550,000 rice farmers affected by the 2018 flood disaster. The News Agency of Nigeria, on Tuesday, quoted the National President,...

Analysts Foresee Reinforced Surplus Liquidity Mop Up The Central Bank of Nigeria (CBN) is expected to be more aggressive in mopping up surplus liquidity in the money market in order to manage exchange rate pressure in 2019, analysts at CSL Stockbrokers Limited have predicted. The firm...

CBN Orders Banks To Forgo 18-month Interest On Marketers’ Subsidy Debts The Central Bank of Nigeria has asked Deposit Money Banks to forgo the interest charged on petrol subsidy-induced loans advanced to oil marketers from June 2017 to December 2018, our correspondent has learnt. The CBN...

CBN Moves To Achieve 80% Financial Inclusion Target By 2020 National Financial inclusion stakeholders in Nigeria, led by the Central Bank of Nigeria, plan to converge for the launch of key policy documents aimed at facilitating the attainment of the financial inclusion target of 80%...

Interest Rate, Others Slowed Business In 2018 — CBN Business activities were slowed down by an insufficient power supply, high-interest rates and other challenges in 2018 financial period. This was disclosed in the ‘monthly business expectations survey report’ by the Central Bank of Nigeria’s Statistics Department...