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UK sets £40bn target for education exports by

  • 23rd January 2026

Cashew industry generates over $400m from export –

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Nestlé ‘recovers all plastic’ placed on Nigerian market

  • 23rd January 2026

Tinubu approves commercial oil exploration at Tongeji Island,

  • 23rd January 2026

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Borno gov raises CJTF, vigilantes’ monthly allowance to ₦50,000

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Tag: CBN

CBN opens eNaira to USSD transaction
E-commerce featured

E-naira’ll reduce naira scarcity – CBN

The Special Assistant on Payment to the Governor of the Central Bank, Mary Fasheitan, has said that the usage of the digital naira (eNaira), will address the current cash scarcity in the country.   The News Agency of Nigeria reported that Fasheitan said this while addressing traders and people of the state in Akure on […]

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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 […]

100% cashless economy possible in Nigeria - Emefiele
Policy and Regulations

BREAKING: CBN bows to pressure, okays Dec 31 old naira notes deadline

Cbn itThe Central Bank of Nigeria has said that the old N200, N500, N1,000 banknotes remain legal tender till December 31, 2023.   This announcement was made by the apex bank’s Acting Director of Corporate Communications, Isa AbdulMumin, on Monday in a statement, according to Channels TV.   The statement read, “In compliance with the […]

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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

BREAKING: Old N200, N500, N1000 valid till Dec 31- Supreme Court  

Juliet Buna The Supreme Court of Nigeria on Friday in Abuja nullified the Federal Government’s cashless and Naira redesign policy, declaring it as an affront to the 1999 Constitution. According to Dailypost, The Apex Court held that President Major General Muhammadu Buhari (retd), breached the Constitution of the Federation in the ways and manners he […]

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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 […]

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