The Central Bank of Nigeria (CBN)

Amid heated litigation over its trademark infringement on the name “eNiara,” a Federal High Court in Abuja has given the nod for the Central Bank of Nigeria’s rollout of its digital currency. This was disclosed in the hearing…

The Central Bank of Nigeria (CBN) has postponed the much-anticipated launch of Nigeria’s Central Bank Digital Currency dubbed eNaira. The CBN's Director of Corporate Communications, Mr Osita Nwanisobi, announced this in Abuja.…

The Governor of the Central Bank of Nigeria (CBN), Dr. Godwin I.  Emefiele, has raised concerns over the poor access to finance and lack of quality infrastructure that continue to pose significant constraints to the growth of Micro, Small,…

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has unanimously voted to retain the Monetary Policy Rate (MPR) at 11.5 percent. At its 281st meeting, which lasted from16-17 September, 2021, the MPC…

The Central Bank of Nigeria (CBN) has refuted purported claims that the apex bank has plans to convert domiciliary account holdings into Naira. In a circular signed and issued by the CBN’s Director for Corporate Communications,…

The Central Bank of Nigeria (CBN) has warned Micro Finance Banks (MFBs) in the country against going beyond the remit of their operating licences by engaging in non-permissible activities, especially wholesale banking, foreign exchange…

The Central Bank of Nigeria (CBN), says it has disbursed N791 billion to over three million farmers across the 36 states, under its Anchor Borrowers’ Programme (ABP). The Director, Development Finance Department of the bank, Mr Yusuf…

The Central Bank of Nigeria (CBN) has successfully pushed different banks in Nigeria to pay out almost N89 billion to resolve a variety of complaints lodged by 23,500 customers in an effort to promote financial stability. Mr…

The Central Bank of Nigeria (CBN) says it will no longer provide foreign exchange (FX) for Bureau de Change (BDCs) operators in the country. Mr Godwin Emefiele, governor of the apex bank, announced this on Tuesday at the end of…