Tag: Central Bank of Nigeria
Over N2tn Disbursed To 426 Industries By CBN
The Central Bank of Nigeria has disbursed a cumulative sum of N2.10tn to 426 projects under its Real Sector Support Facility.
This was disclosed by...
Xpress Payments Granted Mobile Money License By CBN
A subsidiary of Xpress Holdings Limited, Xpress Payments, has been granted a mobile money operator license by the Central Bank of Nigeria.
According to a...
Unpaid N600bn Loans: CBN Goes After States, Farmers
The Central Bank of Nigeria (CBN) has begun an aggressive drive to recover the loans it gave out under its development finance interventions.
Top on...
Naira Card Transactions Abroad Suspended By Banks
Commercial banks have joined the Central Bank of Nigeria (CBN) in the fight to save the naira by reducing dollar spendings abroad.
Banks have announced...
CBN Expresses Worries Over Rate Cybercrime Is Affecting Nigerian Banks
A non-Executive Director of the Central Bank of Nigeria (CBN), Prof. Mike Obadan, has stated that the bane of the banking industry in Nigeria...
CBN To Nigerians: Patronise Locally-Produced Goods, Services
The Central Bank of Nigeria (CBN) has encouraged the citizens to patronise made-in-Nigeria products and services to boost the nation’s Gross Domestic Product (GDP).
The...
Prepare For Recession, World Bank Alerts CBN, Others
The World Bank Group has warned the Central Bank of Nigeria (CBN), and other central banks across the world on the possibility of global...
Naira Defended With $7.6bn In Five Months By CBN
The Central Bank of Nigeria injected $7.6bn into the economy to stabilise the value of the naira in five months.
This was obtained in the...
Crude Oil Refiners To CBN: It’s Time To Create Intervention Fund...
The Crude Oil Refiners Association of Nigeria has appealed to the Central Bank of Nigeria to create a crude refinery intervention fund domiciled at...
Trapped Funds: CBN Releases $265m To Airlines
In a move to check a brewing crisis in the aviation sector, the Central Bank of Nigeria (CBN) has released $265 million to airlines...