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CBN further devalues naira at market intervention sales

Central Bank of Nigeria (CBN) has instructed bidders at its Secondary Market Intervention Sales (SMIS) to increase their bidding price to N380/$1 floor. SMIS...

Tinubu opposes CBN’s high interest rate policy

Governor of Central Bank of Nigeria, Godwin Emefiele National leader of the All Progressives Congress APC, Bola Ahmed Tinubu, has attacked the high interest policy...

Don’t retrench, CBN, Bankers’ Committee order banks

Apparently concerned by the implications of mass retrenchment in the banking industry amid COVID-19  pandemic, the Central Bank of Nigeria and the Bankers’ Committee...

CBN resumes Dollar sales for SMEs, school fees, moves against speculators,...

The Central Bank of Nigeria (CBN) has announced the resumption of provision of foreign exchange to banks for onward sale to customers who wish...

Senate probes CBN over N20tn unremitted stamp duty

The Senate has mandated its Committee on Finance to investigate the non-remittance of over N20tn into the Federation Account by the Central Bank of...

Moody’s Changes Nigeria’s Ratings from Stable to Negative

Moody’s Investors Service, one of the global credit rating agencies, Wednesday changed its outlook on Nigeria’s ratings to negative from stable. Concurrently, Moody’s affirmed its...

CBN to create 2m jobs from cassava production – Emefiele

By Tony Obiechina, Abuja The Central Bank of Nigeria (CBN) said on Thursday that two million jobs will be created by supporting cassava production. Speaking at...

Smuggling of textile materials costs Nigeria $4bn annually – CBN Gov

By Tony Obiechina, Abuja The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele on Tuesday disclosed that smuggling of textiles goods alone...

Central Bank moves to revive textile sector, involves Armed Forces, others

Textile Factory The Central Bank of Nigeria (CBN) has made a move towards reviving textile industry in Nigeria by facilitating the signing of two memoranda...

CBN votes N500m for recycling of old Naira notes, others

CBN Worried by the negative impact of disposing of expired naira notes through burning on the environment, the Central Bank of Nigeria, CBN, disclosed yesterday...
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