CBN

Fifth-generation (5G) technology rollout and investment in communication infrastructure increased foreign investments into the telecommunication sector by 129.21 percent in the first 11 months of 2022, a report on capital importation from…

The Central Bank of Nigeria (CBN) says that total repayments as of the end of February 2023, under the Anchor Borrowers’ Programme (ABP) stands at N0.503 trillion, representing 52.39 percent. The CBN adds that the balance of N0.119…

The Central Bank of Nigeria has disbursed N114.17bn to beneficiaries under its 100-for-100 Policy on Production and Productivity since the commencement of the intervention. This was disclosed in a communiqué issued by the CBN Governor,…

Nigeria’s Central Bank digital currency (CBDC) has been extended to feature phone users with the unveiling of the eNaira USSD channel. The channel would enable subscribers to cash in and out of the eNaira platform using USSD, an…

The Central Bank of Nigeria says it did not authorise Deposit Money Banks to accept old N500, N1000 notes. The Bank in a statement signed by the Director Corporate Communications, Osita Nwanisobi said only the old …

Membersof the management team of the Central Bank of Nigeria are to meet on Monday to review the crisis that the naira redesign policy has generated to come up with solutions to the cash scarcity that has hit the country. The meeting…

 A High Court of the Federal Capital Territory in Nigeria, has stopped President Mohammadu Buhari, the Central Bank of Nigeria, its governor and 27 commercial banks from suspending, stopping, extending or interfering with the…

The Central Bank of Nigeria has requested for partnership with the National Youth Service Corps, NYSC on the use of internet money for Corps Members. It also said the electronic platform would offer its users the ease of payments at no…

The Nigeria Governors Forum, NGF, has appointed the governor of Anambra state, Prof. Chukwuma Charles Soludo to chair a six man committee set up by the NGF to engage with the Central Bank of Nigeria (CBN) in addressing anomalies in the…

The Central Bank of Nigeria (CBN), has sensitised traders in the Onitsha market in South East Nigeria on the need to accept the redesigned Naira notes. The team was led by the Head of Corporate Communications Department, CBN, Mr.…