Total Credit To Economy Now N19.5trn - Emefiele         Total credit to the economy rose to N19.54 as of the end of November 13, according to the Central Bank of Nigeria. The CBN Governor, Godwin Emefiele, who disclosed this after the Monetary Policy Committee meeting on Tuesday,...

Banks’ Average Daily Deposit With CBN Drops To N48.32bn       The Central Bank of Nigeria (CBN) says the average daily deposit amount of N84.27 billion in 246 transaction days in 2018 dropped to N48.32 billion in 251 transaction days in 2019. This was contained in the bank’s...

Currency in Circulation Rose To N2.426trn In September – CBN       Currency in circulation rose by N56.44bn in one month from N2.369tn as of the end of August to N2.426tn as of the end of September. Figures obtained from the Central Bank of Nigeria on Wednesday stated. The...

Banks Shouldn’t Lend To States Without Our Approval – FRC       The Fiscal Responsibility Commission said on Sunday that no Deposit Money Bank should lend money to any state without the approval of the commission. The FRC said this was in line with the provisions of the...

Central Bank of Nigeria (CBN) Director, Banking Supervision, Ahmad Abdullahi, has threatened to sanction any Deposit Money Bank (DMB) in breach of its directive of March 3, instructing them to, among other things, open teller points for retail forex transactions and to have electronic...

…$100m offer fully subscribed Barely 24 hours after its directive to Deposit Money Banks (DMBs) in the country to sell foreign exchange obtained from it to retail end-users at not more than N360/$1 for invisibles, the Central Bank of Nigeria (CBN), has again crashed the...