Manufacturing Sector Intervention Fund Hit N803bn – CBN Manufacturing sector’s intervention funds disbursed by the Central Bank rose to N803bn as of February. Figures obtained from the CBN reports on the Monetary Policy Committee revealed this on Tuesday. “Under the N1tn manufacturing intervention stimulus, the...

CBN Freezes Eleven Bank Accounts     The Central Bank of Nigeria on Wednesday said it got an order from the Federal High Court, Abuja division, to freeze 11 bank accounts to enable it conduct investigations into suspicious activities. It disclosed this in two documents posted on its...

Banks Dump Old Cheques, Customers To Obtain Revised Leaflets       Banks have notified customers that effective on Thursday (today), the old cheque leaflets will no longer be acceptable for clearing. They also urged the customers to get the new revised cheque standard leaflets introduced by the Central...

CBN Disburses N94.34bn COVID-19 Healthcare Funds       The Central Bank of Nigeria has disbursed N94.34bn out of the N100bn credit intervention for the healthcare industry which it introduced as part of its measures to cushion the impact of the coronavirus pandemic on the economy. This CBN disclosed...

Only 47 Money Transfer Operators Are Licensed, Says CBN     The Central Bank of Nigeria has released the list of 47 International Money Transfer Operators that are licensed to operate in the country. It disclosed this on its website in a document titled ‘List of approved International...

External Reserves Decline By $523m In Two Weeks       Nigeria’s external reserves dropped by $523m to $34.475bn as of March 16 from $34.998bn as of March 1, figures from the Central Bank of Nigeria revealed on Wednesday. The reserves, which had continued a downward trend of recent,...