Commercial banks in Nigeria Non-Performing Loans (NPL ratio has move higher to to 6.3% for the month of February 2020.…
CBN
CBN List of approved international Money Transfer Operator in Nigeria
The Central Bank of Nigeria (CBN) has unveiled the list of approved 100 International Money Transfer Operators in Nigeria as…
CBN Naira 4 Dollar Scheme : CBN to Pay Diaspora Remittances Recipients N5 for Every 1 USD Received
The central bank of Nigeria has introduce New financial policy known as “CBN Naira 4 Dollar Scheme” a diaspora remittances …
Reasons why CBN Ban Cryptocurrency exchange in Nigeria
CBN believe that cryptocurrencies have become well-suited for conducting many illegal activities including money laundering, terrorism financing, purchase of small…
Mass metering programme: CBN Pays N14.35 Billion for 263,860 Meters to End Estimated Billings
Under the National Mass Metering Programme, Central Bank of Nigeria (CBN) has release the sum of N14.35 billion to the…
FG and CBN launch job exit strategies for N-Power beneficiaries
In line with the N-power exit strategy, Nigeria Government has revealed that N-Power beneficiaries will now be able to access…
Economic Implications OF Naira devaluation by CBN from N360.1/$1 to N380/$1
The central Bank of Nigeria has announced to adjusted the official dollar exchange rate to N380/$1 from N360.1/$1. This move…
NDDC Probe: CBN, OAGF clash with NDDC over N2.1bn media expenses
The Interim Management Committee of the Niger Delta Development Commission has presented a conflicting record of N1.1bn in its submission…
IMF Approves $3.4bn Emergency loan Support for Nigeria
International Monetary Fund IMF, Board has approved Nigeria’s request for $3.4 billion in emergency financial assistance under the fund’s Rapid…
Central Bank of Nigeria lifts suspension on cheque clearing
The central Bank of Nigeria has lift the suspension placed on cheque instruments in the Nigerian clearing system, henceforth it…
How Nigerians can Access N50bn Coronavirus Intervention Fund Payment that commence by Thursday – CBN
Central Bank of Nigeria will start the disbursement of the first tranche of N50billion COVID-19 fund. The CBN had introduced…
Naira crashes to N415 for a dollar in parallel market
Following a temporary suspension of sale of forex to the Bureau De Change operators in the Nigeria by Apex Bank…
N380 to US dollar is currency adjustment not devaluation – Emefiele
The Central Bank of Nigeria (CBN) sold U.S dollars to banks at N380/$1 as market defies interventions by the apex…
CBN, Banks disown MTN N4 bank USSD codes charge
The Central Bank of Nigeria (CBN) has opposed plans by MTN to apply the USSD charge to it’s customers. The …
How Nigerians can apply for N10m CBN , Agri-Business Small and Medium Enterprises Investment Scheme (AGSMEIS) Loan, Without Collateral
Central Bank of Nigeria, Agric-Business/Small and Medium Enterprises Investment Scheme (AGSMEIS) Loan 2019 application is in progress . This is…
CBN orders banks to sell Forex to eligible travellers across the counter
The Central Bank of Nigeria (CBN) on Sunday directed all commercial banks and Bureau de Changes (BDCs) to sell foreign…
CBN to intensify liquidity mop up, forex intervention as Naira depreciation
The Central Bank of Nigeria is expected to increase its intervention in the foreign exchange market as Naira depreciation, while…
CBN uncovers how Nigerians can own a new home, pay within tenor of 15 to 25 years
The Central Bank of Nigeria (CBN) is initiating a new scheme targeted at providing improved access to own a house…
Central Bank of Nigeria (CBN) sells forex to Bureaux De Change (BDCs) in Nigeria to N360 and directed the BDCs to sell to end users at not more than N362 to a dollar
The Central Bank of Nigeria (CBN) sells forex to Bureaux De Change (BDCs) in Nigeria to N360 and directed the…
Central Bank of Nigeria directs commercial banks to pay money to forex users
The Nigeria Apex Bank on Monday instructed all Commercial banks to pay dollars cash over-the-counter to foreign exchange customers. Mr.…