CBN Disburses N108.65bn To Hospitals, Pharmaceutical Firms   The Central Bank of Nigeria has said it disbursed N108.65bn to hospitals and pharmaceutical industry in 18 months. A CBN report said this was disclosed at the last Monetary Policy Committee meeting. It said, “The bank has also cumulatively disbursed...

CBN Earmarks N41bn For Dry Season Wheat Farming   The Central Bank of Nigeria (CBN) has earmarked N41billion, which is being disbursed by Heritage Bank Plc to farmers across multiple states for the expansion of wheat production projects and to meet the growing demand for wheat. The...

CBN Disburses 92.4% Of N400bn Targeted Credit Facility     The Governor of the Central Bank of Nigeria, Godwin Emefiele, has said the bank has disbursed N370bn out of the N400bn provided under its Targeted Credit Facility. Emefiele said this on Tuesday during the 2021 annual Bankers’ Committee...

Banks Record N1.3trn Non-performing Loans – CBN     Banks recorded non-performing loans of N1.3tn as of November which is still currently above the industry benchmark, according to the Central Bank of Nigeria. Figures obtained from the CBN on Monday showed that the bad loans represented 5.4 per...

CBN To Bank Customers: Resist Illegal Arbitrary Charges     The Central Bank of Nigeria (CBN) has advised bank customers to resist arbitrary bank charges illegally imposed on them by Deposit Money Banks (DMBs). Reacting to claims by Igbo traders that depositors and other account operators with banks...

External Reserves Lost $610m In November     The nation’s external reserves fell by $610m last month, figures obtained from the Central Bank of Nigeria on Thursday revealed. The reserves dropped to N$41.22bn as of November 29 from $41.83bn on October 29. The CBN also disclosed that at the...