COVID-19 Loans: CBN Disburses N149.2bn To Households     The Central Bank of Nigeria (CBN) disbursed N149.21 billion to 316,869 households to cushion the effects of the COVID-19 pandemic. The funds, which were given out in the first phase of the N150 billion Targeted Credit Facility (TCF), were...

CBN Depriving Rivers Of Agric Loans, Says Wike       Rivers State Governor Nyesom Wike has accused the Central Bank of Nigeria (CBN) of depriving his state access to agricultural loans. Wike told the visiting Minister of State for Agriculture and Rural Development Mustapha Shehuri in Port Harcourt...

USSD Disconnection: Emefiele, Danbatta, Pantami Meet Telcos, Banks Today         Governor of Central Bank of Nigeria, Godwin Emefiele, Minister of Communications, Dr Isa Pantami, and the Executive Vice Chairman of the Nigeria Communications Commission, Prof Umar Danbatta, will on Monday meet banks and telecoms operators over...

Despite New Dollar Policy, Naira Weakens To N484/$1       The naira yesterday exchanged at N484/$1 at the parallel market. The rate is N4 weaker than N480/$1 it exchanged before the Central Bank of Nigeria began the implementation of its new ‘Naira for Dollar Scheme” on Monday. The naira...

Emefiele Meets Senate Today On Alleged Missing $9.5m PPT Fund       The Governor of Central Bank of Nigeria, Godwin Emefiele, is expected to lead top management staff of the Central Bank of Nigeria to the Senate today (Tuesday). They are expected to explain details of the alleged...

CBN Yet To Disburse N600bn Manufacturing Intervention Funds       The Central Bank of Nigeria (CBN) says N600 billion out of the N1 trillion COVID-19 intervention fund for manufacturers is still awaiting disbursement. CBN Governor, Godwin Emefiele, who disclosed it at the weekend, said N400 billion has already...