The Central Bank of Nigeria has said it will, together with the Deposit Money Banks, set up a new fund to boost agriculture and the Small and Medium-sized Enterprises in the country, targeting at least N30bn for the first year. The Governor, CBN, Mr. Godwin...

The Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, has warned Participating Financial Institutions (PFIs) in the country against charging double-digit interest on intervention funds guaranteed by the CBN. According to a statement, Emefiele gave the warning in Abeokuta, Ogun State, during an interaction...

‎The Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele has disclosed that the apex bank, under its Commercial Agricultural Credit Scheme (CACS) has over N250 billion which has not been fully disbursed as well as a N220 billion micro, small and medium enterprise...

The Bank of Industry has kicked against the current move by the Senate to scrap it and establish the National Development Bank in its place. The Acting Managing Director, BoI, Mr. Waheed Olagunju, made this known at a public hearing organised by the Senate Committee...

In reaction to allegations of former Central Bank of Nigeria (CBN) Governor and Emir of Kano, Alhaji Sanuasi Lamido, the CBN said it does not allocate United States dollars as it has set up an interbank foreign exchange market for anyone interested in buying...

As Nigeria’s economic recession bites harder and unemployment rate soaring, Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has advised the Federal Government to cut its losses by fully implementing the 2003 Cabotage Act to turn in about N2trillion annually. Emefiele, who...