Banks To Revive National Theatre With N25bn   The Central Bank of Nigeria and the Bankers Committee plan to revive the National Theatre at Iganmu, Lagos, with about N25bn. The Governor, Central Bank of Nigeria, Mr Godwin Emefiele, disclosed this during the 11th Bankers Committee retreat in...

MPC Calls On FG To Reduce $57 Budget Oil Benchmark   The Monetary Policy Committee of the Central Bank of Nigeria has called on the Federal Government to review downwards the 2020 budget oil price benchmark of $57 per barrel to stimulate fiscal buffers. The CBN Governor,...

$600m Importation Of Cassava Products Not Sustainable, Says Emefiele   The Governor, Central Bank of Nigeria, Mr Godwin Emefiele, on Thursday said the apex bank decided to restrict foreign exchange for the importation of cassava products because over $600m which the country spent annually importing cassava...

CBN Invests N100bn In Textile Sector   About N100bn has been sunk into the entire textile value chain, the Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, has said. Mr Emefiele disclosed this in Abuja yesterday when the apex bank signed a Memoradum of Understanding (MoU)...

Emefiele Opposes MTN Over Mobile Banking Transaction Access   The Governor, Central Bank of Nigeria, Mr Godwin Emefiele, has kicked against MTN Nigeria’s plan to start charging its subscribers for Unstructured Supplementary Service Data access to banking services from Monday (today). The governor said this during a...

CBN To Curb Piracy Using Digital Payment Option   Worried about the huge financial losses incurred by the Nigerian Creative Industry, through piracy of movies and music, the Central Bank of Nigeria (CBN) has said it is set to address the challenge by creating digital payment...