CBN Suspends Intervention-loan Repayment For A Year     The Central Bank of Nigeria has said it is giving one-year moratorium on all principal repayments for COVID-19 intervention loans through its participating Other Financial Institutions with effect from March 1, 2020. The apex bank said this in a...

COVID-19: Private Sector Donations Hit N27.16bn   Total funds raised by the Private Sector Coalition Against COVID-19 rose to N27.16bn as of the end of April 23, 2020. The Director, Corporate Communications, Central Bank of Nigeria, Isaac Okorafor, disclosed this in a statement on Tuesday. The statement revealed...

CBN Targets N10bn Growth In Non-oil Exports   The Central Bank of Nigeria says the bank is targeting an increase in non-oil exports from N2bn to N12bn. The Director, Corporate Communications Department, Isaac Okorafor said this during a one-day interactive session with members of the Organised Labour...

CBN To Invest N22bn In Entertainment Industry   The Central Bank of Nigeria (CBN) has said it has concluded plans to invest at least N22 billion in the entertainment industry and in software production in Nigeria. The CBN Director of Corporate Communications, Isaac Okorafor, said yesterday in...

Forex Market: CBN Intervenes With $218.41m, CNY 18m In line with its intervention in the interbank foreign exchange (forex) market, the Central Bank of Nigeria (CBN) at the weekend, injected the sum of $218.41million into the retail Secondary Market Intervention Sales (SMIS) and CNY 18million...

Banks Commence Implementation Of Reduced Charges   Some banks have commenced the implementation of the reduced bank charges as instructed by the regulator, the Central Bank of Nigeria, with effect from January 2020. While some banks have notified their customers of the reduction in the new charges,...