‘100 For 100’ Policy: CBN Fixes N5bn Maximum Loan Limit   The Central Bank of Nigeria has fixed the maximum loan amount that a participant in its newly introduced initiative, called ‘The 100 for 100 PPP – Policy on Production and Productivity’, can get at N5bn. The...

CBN Confiscates 67,000 Counterfeit Naira Notes In 2020     A total of 67,265 banknotes with a nominal value of N56.8 million were confiscated last year, the 2020 yearly report of the Central Bank of Nigeria (CBN) has revealed. The volume is 20.8 per cent less than 84,934...

Foreign Airlines Threaten Withdrawal As Stuck Funds Hit N328bn   Foreign airlines operating in and out of Nigeria have taken their protest to the Central Bank of Nigeria (CBN) over difficulties in repatriating accumulated funds, now in excess of $800 million (N328.8 billion). The airlines, about 30...

CBN Spends N58.6bn To Print 2.5bn Naira Notes   The Central Bank of Nigeria spent the sum of N58.618 billion to print 2.518 billion Naira notes, valued at 1. 063 trillion in, 2020. This was contained in the bank’s 2020 Currency Report posted on its website. It indicated...

External Reserves Gained $5bn In October - CBN   Nigeria’s external reserves rose by $5.05bn in October, the latest data from the Central Bank of Nigeria showed on Wednesday. The reserves increased from $36.78bn on September 30 to $41.83bn as of October 29. The Deputy Governor, Financial Systems...

eNaira More Reliable Than Cryptocurrency - CBN   The Central Bank of Nigeria has said that the eNaira is more reliable than cryptocurrencies. The CBN Director of Corporate Communications, Nnamdi Okwuosa, said this at the CBN Fair to sensitise stakeholders and the general public in Abia and...