Anchor Borrowers: Farmers Owe CBN N463bn As Defaults rise   Farmers who subscribed to the Central Bank of Nigeria’s Anchor Borrowers’ Programme owed the apex bank N463bn as of the end of March 2021, data from the CBN Economic Report for April have shown. The ABP was...

CBN Spends N58.6bn To Print 2.5bn Naira Notes   The Central Bank of Nigeria spent the sum of N58.618 billion to print 2.518 billion Naira notes, valued at 1. 063 trillion in, 2020. This was contained in the bank’s 2020 Currency Report posted on its website. It indicated...

CBN Unveils Framework To Empower 100 Companies     The Central Bank of Nigeria has commenced the 100 for 100 Policy on Production and Productivity with the unveiling of an operational framework to guide interested companies in participating in the initiative. The framework which was released on Sunday...

48hrs After, eNaira App Removed From Google Store Amid Criticism     The Central Bank of Nigeria says it will not bear any liability for any interruption, loss of revenue or loss of services arising from the use of the eNaira website. This is just as the eNaira...

eNaira Goes Live Today After Official Launch By Buhari   Nigeria’s central bank digital currency (CBDC), the eNaira, has gone live after an official launching by President Muhammadu Buhari on Monday. The launch took place at the State House in Abuja. An earlier plan to unveil the...

CBN Raises Healthcare Fund To N200bn     Healthcare providers, hospitals, and pharmaceuticals are to benefit in the expansion of the healthcare sector intervention fund from N100 billion to N200 billion by the Central Bank of Nigeria (CBN). The expansion was recommended by the Monetary Policy Committee (MPC). CBN...