Tag: CBN

As Nigerians make huge withdrawals from deposit money banks, the total amount of demand deposits dropped by N210bn between January and March 2023. Data from the Central Bank of Nigeria ...

The currency in circulation in the country jumped by N701.4tn in one month to hit N1.6tn in March, 2023 after the Central Bank of Nigeria reversed its policy on the ...

The Central Bank of Nigeria and stakeholders in the financial services sector have said a robust cashless policy system is capable of increasing Medium, Small and Micro-scale Enterprises’ access to ...

The Central Bank of Nigeria, CBN, has slammed a minimum fine of N2 million as penalty on banks that disobey its new guidelines on the management of dormant accounts, unclaimed ...

The Attorney General of the Federation, Abubakar Malami, the Secretary to the Government of the Federation, Boss Mustapha, and the Minister of Finance, Zainab Ahmed, have all been summoned to ...

The country’s external reserves fell by $1.46bn between January and March, figures obtained from the Central Bank of Nigeria have revealed. The reserves ended February 27, 2023 at $36.67bn. Figures ...

The Central Bank of Nigeria has barred banks and other financial institutions seeking a conversion licence from expanding or reducing their current banking network in its new draft guidelines. The ...

The Lagos Chamber of Commerce and Industry has called on the Central Bank of Nigeria to explore viable options to tackle the country’s surging inflation as the frequent interest rate ...

The Central Bank of Nigeria (CBN), while promising to scale back its interventions, disbursed new N12.65 billion this year alone through its flagship Anchor Borrowers' Programme (ABP), Entrepreneurng report. The ...

In the first two months of 2023, the Central Bank of Nigeria (CBN) disbursed N12.65 billion to the Anchor Borrowers Programme (ABP), its flagship agriculture intervention scheme. Mr. Godwin Emefiele, ...