CBN: Expanding Digital Inclusion Through e-Naira Grassroots Advocacy, by Abdulrahman Abdulraheem   Despite the breakthroughs made in recent years, Nigeria is still largely bedevilled by illiteracy as millions of adults are completely unlettered and are not able to make sense of the written word, a challenge...

Naira Crunch: Banks In Shock As Rejection Of Old N500, N1000 Spreads   The enthusiasm that greeted the Supreme Court judgement that the old N500 and N1,000 notes should be in use till December 31st 2023, has dissipated as widespread rejection of the old notes by...

Despite Economic Challenges, Banking Sector Has Remained Resilient - CBN   Despite challenges in the economy, the Nigerian banking system has remained sound and resilient, according to the Central Bank of Nigeria (CBN). The CBN disclosed this in a statement by a member of the Monetary Policy...

Banks’ Credit To Govt Rises By N11trn   Banks credit to the government rose by N11.75tn in one year, figures obtained from the Central Bank of Nigeria (CBN) have revealed. The CBN disclosed in its ‘Money and credit statistics’ report that the credit rose from N14.9tn as...

CBN Disburses N114bn Under 100-for-100 Policy   The Central Bank of Nigeria has disbursed N114.17bn to beneficiaries under its 100-for-100 Policy on Production and Productivity since the commencement of the intervention. This was disclosed in a communiqué issued by the CBN Governor, Godwin Emefiele, after the last...

CBN Reveals External Reserves Drop By $317m In February   According to figures that were obtained from the Central Bank of Nigeria, CBN, it has been revealed that the nation’s external reserves dropped by $317 million in February. Its latest data on the movement of external reserves...