CBN Warns Against Naira Abuse       The Central Bank of Nigeria has frowned on continued abuse of currency note by the general public, especially during weddings and other occasions. Speaking on Monday in Gombe at a Fair with the theme ‘Promoting Financial Stability and Economic Development’, Principal...

Manufacturing Sector Rose Slightly In April     The manufacturing sector recorded marginal growth as the Purchasing Managers’ Index rose to 49.0 index points in April from 48.8 index points in March. The Central Bank of Nigeria disclosed this in a report by the Monetary Policy Committee. It said,...

Mass Metering First Phase'll Gulp N60bn - Fed Govt     The Central Bank of Nigeria is providing N60bn for one million electricity meters that are meant for free distribution to unmetered power users across the country, the Federal Government has said. It disclosed this in a document...

CBN, Farmers Set To Reduce Price Of Rice     The Central Bank of Nigeria and the Rice farmers Association of Nigeria have concluded plans to distribute 27,000 metric tonnes of rice paddies directly to millers nationwide on Thursday, to renew their move to address the rising...

CBN Digital Currency’ll Deepen Financial Inclusion, Says Rewane       Analysts at Financial Derivatives Company Limited, led by financial expert Bismarck Rewane, have said the planned introduction of a digital currency will deepen financial inclusion in the country. They said most central banks had indicated keen interests in...

In Two Months, External Reserves Fall By $1.4bn     The country’s external reserves fell by $1.4bn in two months, the latest data from the Central Bank of Nigeria showed on Wednesday. The reserves, which stood at $35.25bn as of April 16, fell to $34.23bn as of May...