Tag: CBN

Every banknote remains legal tender and should not be rejected by anyone, the Central Bank of Nigeria has disclosed. This is as the apex bank directed all its branches across ...

In a recent announcement, the Central Bank of Nigeria (CBN) has clarified that both the revamped and old banknotes continue to be recognized as legal tender. The CBN, through a ...

A former Governor of the Central Bank of Nigeria, Lamido Sanusi, has advised the incumbent governor of the apex bank, Olayemi Cardoso, to adopt strategic measures that will drive down ...

Operators in the nation’s manufacturing sector saw their combined debts to Nigerian banks rise from N5.56tn in January 2023 to N6.98tn in June 2023, according to the Central Bank of ...

Nigeria's foreign exchange market is on the cusp of a liquidity boost, with the Central Bank of Nigeria (CBN) taking significant steps to clear the longstanding backlog of foreign exchange ...

The Agriculture Development Farmers Association of Oyo State has urged the Central Bank of Nigeria to reduce the lending rate to boost food production. The Chairman of the association, Salihu ...

The Federal Government through the Central Bank of Nigeria, has commenced payment of outstanding matured FX forwards owed to various creditors, the PUNCH can report. A source familiar with the development confirmed ...

Real estate and construction firms in the country were able to secure loans totalling N2.26tn in eight months, findings by The PUNCH have shown. The amount borrowed from banks was ...

The Association of Bureau De Change Operators of Nigeria (ABCON) has made an emotional plea to the Central Bank of Nigeria (CBN) to grant permission for Bureau De Change operators ...

The Federal Government’s debt to the Central Bank of Nigeria through the Ways and Means Advances fell to N4.36tn after most of it was restructured in June, 2023, Saturday PUNCH has learnt. ...