Customers Groan As Cash-strapped Banks Slash Withdrawal Limits   Amid a surge in demand for more cash by bank customers as the Yuletide season approaches, some Deposit Money Banks have slashed the withdrawal limits of their customers. Findings across bank branches in some key cities in the...

Currency In Circulation Hits N3trn In November   The Central Bank of Nigeria (CBN) has disclosed that the currency in circulation grew by 6.2 per cent from N2.97trillion in October to N3.15trillion in November 2021. Currency in circulation hits the historical N3trillion mark in November 2021 as...

CBN Earmarks N41bn For Dry Season Wheat Farming   The Central Bank of Nigeria (CBN) has earmarked N41billion, which is being disbursed by Heritage Bank Plc to farmers across multiple states for the expansion of wheat production projects and to meet the growing demand for wheat. The...

CBN Disburses 92.4% Of N400bn Targeted Credit Facility     The Governor of the Central Bank of Nigeria, Godwin Emefiele, has said the bank has disbursed N370bn out of the N400bn provided under its Targeted Credit Facility. Emefiele said this on Tuesday during the 2021 annual Bankers’ Committee...

Naira Slides Ahead Of Yuletide, Exchange For 570/$   The naira continued its downward trend as the dollar was sold for N570 in the parallel market on Tuesday. Operators, who spoke to our correspondent, said the dollar was bought and sold for N567 and N570 respectively on...

Banks Record N1.3trn Non-performing Loans – CBN     Banks recorded non-performing loans of N1.3tn as of November which is still currently above the industry benchmark, according to the Central Bank of Nigeria. Figures obtained from the CBN on Monday showed that the bad loans represented 5.4 per...