Non-Oil Export Proceeds Near $1bn – Emefiele   The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has expressed optimism that export proceeds repatriation for rebate will hit $1 billion by the fourth quarter of 2022. Emefiele said this at a press conference on...

CBN Groans Over Forex Shortage - Emefiele Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has tasked leaders of the Nigerian banking sector to brainstorm expansively on ways to resolve the shortage of foreign exchange in the country. Emefiele, who spoke at the 13th...

CBN Targets Stronger Digital Economy as eNaira Records 190% Growth The Central Bank of Nigeria has advocated for a stronger digital economy to support the growth of the financial systems. The apex bank said that the growth of eNaira will strengthen the transmission mechanism of monetary...

CBN Moves To Deepen Payment System Via e-Naira   The Governor of the Central Bank of Nigeria, CBN, Mr Godwin Emefiele, has said central banks across Africa and other parts of the world are trying to study Nigeria’s eNaira project. Emefiele said this on Monday during an...

CBN Warns Nigerians Against Illegal Financial Institutions   The Central Bank of Nigeria has warned individuals to desist from dealing in illegal financial schemes or with illegal financial institutions that are not licensed or recognised by it. According to the bank, it is doing all it...

Banks’ Credit To Economy Now N24.23trn       The total credit from the banking sector to the economy rose to N24.23tn as of the end of May, the Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, disclosed on Tuesday. Speaking at the end of the two-day...