Tag: CBN

The Central Bank of Nigeria (CBN) says it has so far cumulatively disbursed N174. 48 billion through 19 financial institutions under its Anchor Borrowers Programme since 2015. The Director, Corporate Communications Department of the bank, Mr Isaac Okoroafor st...

The Central Bank of Nigeria Governor, Mr. Godwin Emefiele can be described as the proverbial cat with nine lives considering the storms he weathered in the past five years. Typically, in Nigeria’s political scene, it is usually not easy for...

The Lagos Chamber of Commerce and Industry (LCCI) has commended the Central Bank of Nigeria (CBN)  for  reducing the Monetary Policy Rate (MPR) by 50 basis points from 14 per cent to 13.5  per cent. Its Director-General, Mr. Muda Yusuf...

Gradually, the Foreign Exchange (FOREX) restriction placed  on 41 items by the Central Bank of Nigeria (CBN) is generating positive impact across the country.  The policy, which among others is designed to protect local production and create employme...

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has for the first time in two years adjusted interest rate downwards to 13.5 per cent.  Briefing Journalists after the meeting on Tuesday, CBN Governor, Godwin Emefiele said:...

As part of measures to consolidate revenue base, the Central Bank of Nigeria (CBN) has unveiled fresh agenda to position Nigeria as the world’s third largest palm oil producer.  Under the agenda, Nigeria is expected to overtake Thailand and Columbia...

Nigeria’s moribund textile industry has received a boost in a Central Bank of Nigeria policy measure, restricting the sale of foreign exchange to importers of textiles and other clothing materials in the country. Announced recently, the directive takes immed...

Nigeria’s Balance of Payment improved by a surplus of $2.80 million in the fourth quarter of  2018, from $4.54 million recorded in the third quarter of same year, the Central Bank of Nigeria (CBN) disclosed on Wednesday. According to a...

Citing need to encourage growth of the textile and cotton industry, the Central Bank of Nigeria, CBN, on Tuesday announced the restrictions of sale of foreign exchange to importers of textiles and other clothing materials with immediate effect. Speaking during...

The Central Bank of Nigeria (CBN) has injected 210 million dollars into the inter-bank Foreign Exchange Market to ensure adequate supply of foreign exchange to customers. The CBN Director, Corporate Communications Department, Isaac Okorafor, in a statement on ...

The Central Bank of Nigeria (CBN) has made a fresh injection of $210 million into the inter-bank foreign exchange market in its determination to boost supply in that sector of the market. Figures released by the Bank on Tuesday, February...

In continuation of its periodic intervention in the foreign exchange market, the Central Bank of Nigeria (CBN) on Tuesday, January 29, 2019, injected another sum of $210 million into the inter-bank foreign exchange market. Figures released by the CBN on...

The Edo State Governor, Mr. Godwin Obaseki, has said that the state government is in discussions with the Central Bank of Nigeria (CBN), to develop a programme that will see investors taking up 100,000 hectares of agricultural land in the...