CBN Disburses N756.5bn Loan To 3.7m Farmers       The Central Bank of Nigeria has disclosed that it has disbursed a total of N756.51bn to over 3.7 million farmers under the Anchor Borrower’s Programme since the inception of the initiative in 2015. The apex bank revealed this in...

Banks’ Credit To Economy Now N24.23trn       The total credit from the banking sector to the economy rose to N24.23tn as of the end of May, the Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, disclosed on Tuesday. Speaking at the end of the two-day...

CBN Stops Sale Of Foreign Exchange To BDC Operators       The Central Bank of Nigeria has said it will no longer sell foreign exchange to Bureau De Change operators. The CBN Governor, Mr Godwin Emefiele on Tuesday announced this at the end of the Monetary Policy Committee...

Expert Expects Retained Rates As CBN Holds MPC       Ahead of the two-day Monetary Policy Committee meeting starting on Monday (today), a financial expert has said the Central Bank of Nigeria is expected to retain the Monetary Policy Rate. The CBN had at its meeting in May...

Economy Shrank In May Amid Low Purchasing Power – CBN     The Purchasing Managers Index revealed that the Nigerian economy contracted in May, according to data obtained from the Central Bank of Nigeria on Thursday. The personal statements of some members of the Monetary Policy Committee indicated...

CBN Sets October For Digital Currency Launch       The Central Bank of Nigeria (CBN) yesterday disclosed that its much-anticipated digital currency will be launched on October 1. CBN Director, IT Department, Mrs. Rakiya Mohammed, revealed this during a private webinar, explaining that the banking sector regulator had...