Tag: Central Bank of Nigeria
CBN’s Anchor Borrowers’ Program Not Impactful – Nigerian Farmers
The National President of the All Farmers Association of Nigeria, Kabir Kebram, has described the Central Bank of Nigeria’s Anchor Borrowers’ Programme as a...
CBN Identifies Why Interest Rate Remains High
The Central Bank of Nigeria has explained why interest rates remain elevated, insisting that the monetary policy stance reflects not just a fight against...
CBN Report Says Nigerians Spent Over $3.6bn Annually On Foreign Healthcare...
Nigerians spent at least $29.29bn on foreign medical expenses during the eight years of former President Muhammadu Buhari’s administration.
This translates to an annual...
Excessive Bank Charges: Customers Petition CBN
The Bank Customers Association of Nigeria has revealed that it has written to the Central Bank of Nigeria about the charges being deducted from...
New Stability Measure: CBN Halts Dividends, Bonuses For Select Banks
The Central Bank of Nigeria (CBN) has introduced temporary restrictions on the payment of dividends and bonuses by a small group of banks as...
CBN Reveals How Debt Servicing Gulped ₦696bn In January
The Federal Government’s precarious fiscal position worsened in January 2025 as debt servicing obligations exceeded total retained revenue by a wide margin, data from...
Relief As NDIC Begins Payment Of ₦46bn To Defunct Heritage Bank...
The Nigeria Deposit Insurance Corporation has started payment of ₦46.6 billion in liquidation dividends to depositors of the defunct Heritage Bank.
This was contained in...
Report Says Currency In Circulation Has Dropped To ₦5tn
The total amount of naira in circulation decreased to ₦5tn as of March 2025, marking a decline from ₦5.04tn recorded in February 2025.
This represents...
CBN To Nigerian Banks: Tighten Your Sanctions Compliance Framework
The Central Bank of Nigeria has issued a fresh regulatory directive to banks, payment service banks, and fintech companies, warning them to tighten their...
World Bank To CBN: $10.50m Approved For You Is A Grant,...
The World Bank has clarified that the planned $10.50m financing to the Central Bank of Nigeria is a grant, not a loan.
According to a...
