The Central Bank of Nigeria (CBN) has called on beneficiaries of anchor borrowers’ programme for rice production in Cross River, to pay back their loans to enable other rice farmers in the state to benefit from the programme.
Nigeria’s central bank said on Friday it will close the bank accounts of firms caught smuggling into the country any goods for which access to foreign exchange has been restricted.
One of the five new banks licensed by the Central Bank of Nigeria (CBN), Titan Trust Bank Limited is set for entry into the Nigerian banking industry in a matter of weeks.
The Central Bank of Nigeria on Saturday said that it had started clamping down on the abuse naira notes nationwide.
The Economic Intelligent Department of the Central Bank of Nigeria (CBN) has started investigating the accounts of those who are involved in smuggling or dumping palm oil into Nigeria.
President Muhammadu Buhari has directed the Central Bank of Nigeria (CBN) to blacklist any firm, its owner and top executives caught smuggling any of the 43 items ineligible for foreign exchange (forex).
A concerted effort to end oil palm importation and locally grow the crop on a large-scale basis has kicked off, with the Central Bank of Nigeria (CBN) allocating an initial N30 billion for the project, which it said is already being disbursed to beneficiary farmers in identified states.
The interbank segment of the Foreign Exchange Market has received a boost of $210 million from the Central Bank of Nigeria (CBN) following sales concluded last Tuesday.
A statement from the Debt Management Office (“DMO”) on Thursday said: “The proceeds of the Green Bond will be used to finance projects in the 2018 Appropriation Act, which will contribute to Nigeria’s commitments to the Paris Agreement on Climate Change.”
Nigeria’s central bank said it made no change to its naira policies, after a revision on its website led some analysts to speculate that it was ending a system of multiple exchange rates.
The Economic Community of West African States (ECOWAS), is in the “fast lane’’ of integration and planned to have its own currency in 2020, a member state has disclosed.
South Africa’s rand slipped on Thursday, as investors were unnerved by an investigation into a donation for President Cyril Ramaphosa’s 2017 campaign, leader of the governing African National Congress (ANC) party.
The African Development Bank (AfDB), says Nigeria is the greatest contributor to wealth creation in West Africa, contributing about 75 per cent of regional Gross Domestic Product (GDP).
The Central Bank of Nigeria signaled it will allow the naira to weaken past its official rate as it gradually unwinds its regime of multiple exchange rates, data on its website shows.
The Nigerian Incentive-Based Risk Sharing System for Agricultural Lending has secured a total of N4.5bn from four Deposit Money Banks for the cultivation of maize and soybeans in three states.
Shareholders of Union Bank of Nigeria (UBN) on Tuesday endorsed the proposed reduction of N54.4 billion from the bank’s share premium account aimed at restructuring its balance sheet for optimal performance.
1 Division Nigerian Army on Wednesday said, it has killed 24 criminal elements during its operation Harbin Kunama III in Kano, Kaduna and Niger states within one month of operation.
The Deputy Speaker of the House of Representatives, Mr Idris Wase, has urged workers in the National Assembly to create an enabling working environment for members of the federal parliament.
The Chairman, Presidential Advisory Committee Against Corruption, Prof. Itse Sagay (SAN), has asked Senate President Ahmed Lawan to stop misleading Nigerians, adding that senators earn N15m monthly and not N750,000 as claimed by the Senate President.
The United Nations on Drug and Crime (UNODC) said cannabis is the most widely used drug globally with an estimated 188 million people having used the drug in the previous year.
Cameroon defender Augustine Ejangue has apologised to Toni Duggan after spitting on her in their 3-0 loss to England in Sunday's Round of 16 contest in Valenciennes.
Germany became the first team to secure their place in the last eight of the Women’s World Cup after Lea Schueller’s late strike completed a hard-fought 3-0 win over underdogs Nigeria on Saturday.
The Federal High Court in Lagos has issued a bench warrant for the arrest and production in court of Chief Executive Officer, CEO, of Innosson Nigeria Ltd, Innocent Chukwuma, and two others, over alleged fraud.
The United Nations High Commission for Refugees (UNHCR) has said that Cross River alone was hosting 75 per cent of the over 36,000 Cameroonian refugees in Nigeria.
Leadership of Afenifere and Yoruba leaders met with President Muhammadu Buhari on Tuesday, demanding that he recruits policemen, deploy same to all 774 local government areas to tackle insecurity in the country.
Seven people have died in a crash between a truck and a group of motorbikes on a rural two-lane road in the US.