Central Bank of Nigeria (CBN)

The Central Bank of Nigeria (CBN) has mandated all Deposit Money Banks (DMBs) and Bureau de Change operators in the country to accept both old series and lower denominations of United States Dollars that are legal tender for deposit from…

The Central Bank of Nigeria’s Naira4Dollar scheme may have attracted about $40 million in foreign remittances in one week, according to a reliable source with knowledge of the scheme. Sources say that the scheme had performed a lot more…

The Central Bank of Nigeria's  (CBN) Monetary Policy Committee (MPC) at its meeting on Tuesday voted to retain the Monetary Policy Rate (MPR) at 11.5% . The Committee also agreed to retain CRR at 27.50% and liquidity ratio at…

There are expectations that the Central Bank of Nigeria (CBN) will conduct a mop-up of liquidity as Open Market Operation (OMO) maturities of N50 billion and coupon payments of N52.8 billion hit the system this week. Nevertheless,…

There are expectations that the Central Bank of Nigeria (CBN) will conduct a mop-up of liquidity as Open Market Operation (OMO) maturities of N50 billion and coupon payments of N52.8 billion hit the system this week. Nevertheless,…

Over N3 trillion out of the N4.2 trillion intervention funds disbursed by the Central Bank of Nigeria (CBN) are outstanding as of December 31st, 2020. This is according to data from the recently released fourth-quarter economic report…

The Central Bank of Nigeria (CBN) says it has financed 82 projects, valued at N85.89 billion through its Healthcare Sector Intervention Facility. The projects comprised 26 pharmaceutical and 56 medical projects across the country. Also…

The Central Bank of Nigeria (CBN) has introduced its ‘Naira 4 Dollar Scheme’ for diaspora remittances, as all recipients of  diaspora remittances through CBN’s IMTOs shall be paid N5 for every $1 received as remittance inflow. This was…

The Central Bank of Nigeria (CBN) says 3.8 million farmers have so far benefited from its Anchor Borrowers’ Programme (ABP). Mr Yila Yusuf, Director, Development Finance Department of the apex bank, made this known in an interview with…

The Board of Agricultural Credit Guarantee Scheme Fund (ACGSF), an initiative of the Central Bank of Nigeria (CBN) #CBN  and the Federal Ministry of Finance has presented the "Best Farmer Award of the Year 2020".   The award is to…