External Reserves Decline By $1.1bn In One Month     External reserves dropped by $1.1bn in February, according to statistics obtained from the Central Bank of Nigeria on Monday. The reserves which stood at $36.19bn as of February 1 fell to $35.09bn as of February 26. The Central Bank...

Weekly Diaspora Remittances Now $30m – Emefiele       The Central Bank Governor, Godwin Emefiele, has said that weekly diaspora remittances rose from $5m to $30. He noted that the initiatives introduced by the Central Bank of Nigeria to boost forex in the country were yielding result. Emefiele spoke...

We'll Increase Agric Loans By 6% - CBN         The Central Bank of Nigeria (CBN) said it will increase banking sector credit to the agriculture sector to 10 per cent from the current four per cent, indicating a six per cent increase. CBN Governor Godwin Emefiele...

CBN, SEC Anchor Cryptocurrency Ban On Financial System Protection     The Central Bank Governor, Mr Godwin Emefiele, on Tuesday said the bank’s decision to prohibit deposit money banks, non-banking institutions and other financial institutions from facilitating trading and dealings in cryptocurrency was in the best interest of...

Cryptocurrency: Senate Summons Emefiele, Yuguda Over Ban       The Senate has mandated its Committees on Banking, Insurance and Other Financial Institutions, ICT and Cybercrimes and Capital Market to invite the Governor of the Central Bank of Nigeria, Godwin Emefiele to brief it on the recent ban...

2.85m Farmers Benefitted From Anchor Borrowers Programme – CBN       About 2.85 million farmers benefitted from the Anchor Borrowers Programme from the inception of the scheme to the end of 2020. According to figures obtained from the Central Bank of Nigeria on Monday, N554.63bn had been disbursed,...