CBN Cautions Banks Against Excessive Treasury Bill Investments   The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, on Tuesday warned Deposit Money Banks against excessive investment in fixed securities to the detriment of real sector financing. He charged the banking sector to live up...

Nigeria Spends $1.2bn To Import Fish Yearly   The Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele says about 1.2 billion dollars worth of fish is imported into this country annually. Emefiele disclosed this in a meeting while briefing some state Governors and the media...

CBN Spends N146bn To Support 849,480 Rice Farmers - Emefiele   The Central Bank of Nigeria (CBN) says it spent N146bn to support 849,480 wet and dry seasons rice farmers across the country.The CBN Governor, Mr Godwin Emefiele, gave the details at a meeting with some...

More Items To Come Under Forex Ban, Says Emefiele Governor of Central Bank of Nigeria, Mr Godwin Emefiele, said on Monday that more items would come under the bank’s policy of restricting official foreign exchange for importation. He also said the forex restriction to importers applied...

CBN To Commence Monthly Review Of Banks’ Loan-To-Deposit Ratios   The Central Bank of Nigeria on Tuesday said it would begin a monthly review of Deposit Money Banks’ loan-to-deposit ratios from September 30 as part of efforts to increase lending and stimulate economic growth. The CBN Governor,...

Oil Discovery Made Nigeria’s Economy Vulnerable – Emefiele The Governor, Central Bank of Nigeria, Mr Godwin Emefiele, has said the discovery of crude oil and the country’s increasing reliance on crude oil revenues have led to a severe downturn in the agriculture and manufacturing sectors. He...