Abbey Mortgage Bank Plc appoints four new directors
The Central Bank of Nigeria has authorized the appointment of four new non-executive directors to Abbey Mortgage Bank Plc. The Times reported that…
CBN
Old, new naira notes remain legal tender – CBN
The Central Bank of Nigeria has directed all its branches across the country to maintain a steady supply of both old…
Tackle high inflation, Lamido Sanusi urges CBN
The former governor of the Central Bank of Nigeria, Governor Lamido Sanusi, has urged the Central Bank’s current governor, Olayemi Cardoso, to use strategic…
Oil revenue drops by 36% in May, says CBN
In May 2023, the Federal Government’s oil revenue target saw a significant drop from N804 billion to N223 billion, marking a…
Lower interest rates to boost food security, farmers urge CBN
Nigeria’s Central Bank has been encouraged to lower loan rates in order to increase food production by the Agriculture Development Farmers Association…
CBN clears forex backlogs – Report
Reports have indicated that the central bank has “cleared” forex backlogs of banks and airlines. According…
CBN debunks naira redenomination plans
The Central Bank of Nigeria on Tuesday, refuted claims that it has plan to redenominate or restructure the naira notes in 2024.…
How Nigerians spent $340.84m forex on education in six months – CBN
Nigerians seeking admission to institutions abroad spent $340.84 million to fund their applications between January and June 2023. The Punch reported that the amount…
How real estate firms borrowed N2.26tn in eight months – CBN
The country’s real estate and construction companies were successful in obtaining loans totaling N2.26 trillion in just eight months. The Punch reported…
Parallex bank gets CBN nod to collect NESS fees
The Nigerian Central Bank has given Parallex Bank permission to collect fees for the Nigeria Export Supervision Scheme. The approval was granted in…
eNaira not a threat to Nigeria’s financial stability – CBN
The Central Bank of Nigeria refutes the assertion that the naira, the country’s Central Bank Digital Currency, poses a risk to the country’s…
Expect special report on past CBN activities soon – Tinubu
The Special Investigator’s report on prior operations at the Central Bank of Nigeria would soon be complete, President Bola Tinubu stated on…