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6 Uncomplicated Ways to Get Studying Fun

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Acestea sunt semne bune că vor oferi mult

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Naira falls N777 against dollar after CBN announcement
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Investment commission pledges FDI support to improve Nigeria’s

  • March 6, 2022
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Nigeria’s gas revolution will lift West Africa’s energy

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Tag: CBN

Logo and the photo of the Central Bank of Nigeria's building
Business featured

CBN raises Monetary Policy Rate to 18%

The Central Bank of Nigeria has announced an increase in its Monetary Policy rate to 18 per cent. This was during its its 290th Monetary Policy Committee Press Briefing by the Governor, CBN, Mr. Godwin Emefiele. The Monetary Policy Committee of the Central Bank of Nigeria votes to raise Monitory Policy Rate  by 50 basis […]

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Business

CBN holds MPC meeting March 20, 21

The Central Bank of Nigeria has on Tuesday announced the date for its 290th Monetary Policy Committee meeting. According to the announcement, it is a two-day meeting and it will be held on March 20 and 21, 2023 in Abuja. This was revealed in a post on the CBN’s verified Twitter account accessed by AmBusiness […]

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News

CBN disowns Soludo’s old naira statement

The Central Bank of Nigeria has debunked claims of ordering banks nationwide to begin dispensing and accepting old naira notes.   This development on Monday is coming after a former CBN governor, Chukwuma Soludo, had written through his social media handle that the CBN governor, Godwin Emefiele, in a Bankers’ Committee meeting on Sunday had […]

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Business

CBN faults IMF’s report on 24% Anchor Borrowers’ payment 

The Central Bank of Nigeria has revealed that a total of N503bn representing 52.39 percent of the disbursed funds under the Anchor Borrowers’ Programme  has been paid by farmers. This contradicts the claim by the International Monetary Fund that only 24 percent of the loan had been paid. The new development was disclosed in a […]

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Business

Mixed reactions as S’Court reverses Buhari, CBN new, old naira order

There have been mixed reactions from Nigerians as the Supreme Court of Nigeria on Friday declared the Federal Government’s cashless and Naira redesign policy invalid, declaring it as an affront to the 1999 Constitution. This publication recalls a suit was filed by Zamfara, Kogi and Kaduna state governments against the Attorney-General of the Federation on […]

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Business featured

76% CBN Anchor Borrowers’ loans unpaid – IMF

The International Monetary Fund has confirmed that 76 percent of loans disbursed under the Central Bank of Nigeria’s Anchor Borrowers’ Programme, for farmers have not been returned. This is according to information provided by the International Monetary Fund in its Selected Issues paper on Nigeria. The issue paper was created by the fund’s staff team […]

First Bank's deputy MD Gbenga Shobo resigns
Banking

First Bank’s deputy MD Gbenga Shobo resigns

The First Bank of Nigeria’s deputy managing director, Mr. Gbenga Shobo,  has resigned from the company’s board of directors with immediate effect. Shobo’s departure came after CBN recently reviewed the term restrictions for bank managing directors, deputy managing directors, executive directors, and other officials, according to a tweet from Proshare. According to the latest CBN circular […]