CBN

Nigeria’s foreign reserve depletes by $633 million in November

Nigeria’s foreign reserve dipped $633.47 million in the month of November 2021 to close the month at $41.19 billion as…

4 years ago

CBN tasks judges on technology utilisation for effective judicial service delivery

The Central Bank of Nigeria (CBN) has called on the country’s judges to become more tech-savvy to improve the delivery…

4 years ago

CBN retains benchmark interest rate at 11.5%

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN)has retained the Monetary Policy Rate (MPR) at 11.5…

4 years ago

CBN may name and shame agricultural loan defaulters

The Central Bank of Nigeria (CBN) has threatened to publish in newspapers the names of loan defaulters under its Agricultural…

4 years ago

CBN maintains stance against cryptocurrencies

The Central Bank of Nigeria (CBN) has reiterated that cryptocurrency usage poses a lot of risk to the Nigerian economy…

4 years ago

CBN grants Airtel Nigeria approval to operate as super agent

Airtel Mobile Commerce Nigeria Limited, a subsidiary of Airtel Africa, has been granted approval in principle by the Central Bank…

4 years ago

Nigeria’s food import bill down  83.53% to $0.56 billion in seven years

Nigeria's food import bill has dropped by 83.53% from $3.40 billion in 2014 to $0.56 billion this year, due to…

4 years ago

Telcos propel Nigerian equity market up 2.9%

Investors have shown renewed interest in AIRTELAFR and MTNN after the Central Bank of Nigeria (CBN) granted the two telecoms…

4 years ago

CBN trims down cost of printing Naira notes

The Central Bank of Nigeria (CBN) has revealed that it spent N58.6 billion to print 2.52 billion Naira notes valued…

5 years ago

N56.83m fake notes discovered in 2020, says CBN report

The Central Bank of Nigeria (CBN) has revealed that it discovered counterfeit notes with a nominal value of N56.83 million…

5 years ago

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