Most Recent News

Nigeria: CBN Explains Reduction in Foreign Reserves

The recent reduction in the level of the nation’s foreign reserves has nothing to do with on-going political activities, the Central Bank of Nigeria, CBN, has said. Director of Corporate.

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CBN to revoke 154 microfinance banks’ licences, 28 others

The Central Bank of Nigeria on Wednesday gave a notification to revoke the operating licences of 182 other financial institutions in the country. According to the list released by the.

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Nigeria: Federal Government sells 12.4bn shares in NSPMC to CBN, BPE

The Federal Government yesterday sold 21 percent of its stake in the Nigeria Security Printing and Minting Company (NSPMC), amounting to 12.4 billion shares to the Central Bank of Nigeria.

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The Central Bank of Nigeria Pumps $210m into Forex Market

The Central Bank of Nigeria (CBN) has injected another sum of $210 million into the interbank foreign exchange (forex) market. The move was part of the central bank’s commitment to.

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‘CBN/ABP to disburse loan to 1,500 farmers in Kogi’

Doyin and Susan Foundation, an NGO, has facilitated loan of between N300,000 and N900,000 for 1,500 farmers in Kogi West Senatorial District under Anchor Borrowers Programme (ABP). Chairperson, Board of.

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Nigeria Will Be Self-Sufficient in Rice Production in 18 Months – Buhari

President Muhammadu Buhari in Abuja recently said his administration would make Nigeria self-sufficient in rice production within 18 months.

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Nigeria: CBN Extends Consultations as Naira Falls

  As concerns continue to mount over the modalities for the proposed flexible exchange rate regime to be introduced by the Central Bank of Nigeria (CBN), the naira depreciated further.

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Expectations High As Nigeria Annouces New Central Bank Governor

Nigeria’s Senate yesterday approved the appointment of Godwin Emefiele as Governor of the Central Bank of Nigeria (CBN). Emefiele, who is currently the Managing Director of Zenith Bank Plc, was.

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Africa’s Reaction To Nigerian CBN Governor’s Suspension

An air of shock or relief. Sanusi’s removal has been met with mixed reactions from political and economic personalities in Africa. A group of Nigerian lawmakers and financial experts have.

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Nigerian Women Entrepreneurs To Get 60% Of SME Fund – CBN

In line with women empowerment and entrepreneurship, the Central Bank of Nigeria (CBN) has earmarked 60 percent (N132 billion) of its N220 billion Micro, Small and Medium Enterprises Development Fund.

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