CBN To Monitor, Stop Bad Debtors From Additional Borrowing The Central Bank of Nigeria is planning to introduce a new mechanism, called the Global Standing Instruction, that will work with the Bank Verification Number of depositors to detect bad borrowers who refuse to pay their...

CBN Removes Forex For Fertiliser Importation The Central Bank of Nigeria has included fertiliser on the list of 41 import items classified as ‘not valid for foreign exchange’ in the Nigerian forex market. The CBN disclosed this on Monday in a circular on ‘Inclusion of some...

CBN Intensifies Mop Up Of Excess Liquidity Following the closure of Nigeria’s Treasury Bills (NTBs) issue calendar for 2018, the Central Bank of Nigeria (CBN) has intensified its mop up of excess liquidity in the system through open market operations (OMO). OMO is one of the...

CBN Promises To Increase Credit Guarantee To Farmers The Central Bank of Nigeria (CBN) has disclosed plan to increase its credit guarantee to small scale farmers through its Agricultural Credit Guarantee Scheme Fund (ACGSF). The Chairman ACGEF, Mrs. Olubunmi Siyanbola, said this at the strategic retreat...

Federally Collected Revenue Rose By 8.9% In Q3 - CBN   The nation’s federally collected revenue for the third quarter of this year rose by 8.9% to N2.52tn, compared to the previous quarter, the Central Bank of Nigeria has said. The CBN, in its economic report for...

Currency Swap: CBN Released N15.8bn In 3months To Nigerian Importers   The Central Bank of Nigeria has released N15.79 billion (297.99 million Chinese Yuan) to Nigerian businessmen under the currency swap deal. The money is to enable local businessmen to import goods from China in the three...