Tag: Central Bank of Nigeria
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...
Flights By Emirates From Nigeria To Be Suspended September 1
Middle East carrier, Emirates Airlines has officially announced that it will suspend all flights from Nigeria effective September 1, 2022.
The carrier cited ongoing difficulties...
Intervention Loans Rates Reversed To 9% By CBN
The Central Bank of Nigeria has reversed its five per cent intervention loans granted before July 20, 2022 to cushion the effect of COVID-19...
Loan Of N75.9b Given To Farmers In Two Months By CBN
The Central Bank of Nigeria (CBN) disbursed N75.9 billion loan to farmers between last November and December, under the Anchor Borrowers’ Programme (ABP).
The fund...
