Banks Borrow N404bn From CBN In Six Days The Deposit Money Banks in the country borrowed the sum of N404bn from the Central Bank of Nigeria during the first six trading days of this year to cover their financial shortfalls, data on the CBN website...

Emefiele Reiterates 5% Interest Rate To Boost Agric Processing The Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele thursday reiterated the central bank’s readiness to make cheap funding available to farmers in the country at five percent for the procurement of agricultural processing equipment. Emefiele,...

House To Probe CBN Over Alleged $5bn Under-remittance To Federation Account The House of Representatives on wednesday passed a motion seeking to set up a high-powered ad-hoc committee to investigate the under-remittances of revenue by the Central Bank of Nigeria (CBN) and report back to...

Gwadabe: CBN Must Deepen Forex Market The President of the Association of Bureau De Change Operators of Nigeria, Alhaji Aminu Gwadabe, in this interview urges the Central Bank of Nigeria to create more sources of foreign exchange for operators in the market. Obinna Chima presents...

ACTN, CBN Attacked By Analyst Over Naira Intervention Members of the Association of Corporate Treasurers of Nigeria and financial market analysts have urged the Central Bank of Nigeria to allow the forces of market to dictate and stabilise the naira. They also called on the apex...

Banking Industry Fraud Drops By 38% In Two Years   The Central Bank of Nigeria (CBN) at the weekend disclosed that despite the increase in the value and volume of electronic payment transactions this year, there have been decline in fraud cases. Specifically, the Deputy Governor, Operations,...