Home Topics Central Bank

Central Bank

The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

CBN facilitates release of 50,000 MT of maize into Nigerian market

The Bank’s February 2021 release of Maize in fulfilment of its pledge to reduce the price of the commodity, was done through the Anchor Borrowers’ Programme (ABP) to major poultry feed producers and poultry producers in the country.

CBN governor: 2.9 million farmers have benefitted from anchor borrowers’ programme

Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says 2.9 million farmers have cultivated 3.6 million hectares across 21 commodities under the bank’s anchor borrowers’ programme (ABP).
Marketers of cooking gas on Wednesday blamed its increasing prices on massive importation, causing anguish to end users.

Hike in price of cooking gas worries Enugu residents

Residents of Nsukka town in Nsukka Local Government Area of Enugu State have expressed worry over the recent hike in the price of cooking gas.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

Banking industry report shows mixed development

The Central Bank of Nigeria, CBN, staff report has indicated that the banking industry ended 2020 in a mixed performance. But members of the apex bank’s Monetary Policy Committee, MPC, its highest policy body, have indicated that the industry remained resilient and sound despite some negative impacts of the COVID-19 pandemic during the year.
The Central Bank of Nigeria (CBN) has revealed that the aggregate domestic credit in commercial banks grew by 7.61 percent in October 2020, compared with 7.35 percent in the previous month.

CBN to revive oil palm sector, stop importation – official

Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emiefele, has reiterated the apex bank’s commitment to reviving the oil palm sector with a view to stopping importation of the commodity.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

Nigeria’s central bank plans to strengthen Naira, economy through $15 billion Dangote refinery

The Central Bank of Nigeria, CBN, has concluded plans to strengthen the Naira, and by extension the nation’s economy through the $15 billion Dangote Refinery.
The National Agency for Food and Drug Administration and Control (NAFDAC) says it has not approved any drug or vaccine for the treatment of COVID-19.

House of Reps quiz NAFDAC over N1.2 billion NYSC members’ allowance, N5.2 billion recurrent

The House of Representatives has commenced investigation into the huge recurrent expenditure incurred by National Agency for Food and Drug Administration and Control, including the payment of N1.2 billion allowances to members of the National Youth Service Corps.
The Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, said Dangote Refinery would buy Nigeria’s crude oil in Naira and also sell petrol to Nigeria in naira when it commences production.

Dangote refinery to buy Nigerian crude in Naira, sell petrol in Naira

The Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, said Dangote Refinery would buy Nigeria’s crude oil in Naira and also sell petrol to Nigeria in naira when it commences production.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

CBN justifies plan to sell assets to fund 2021 budget

The Central Bank of Nigeria (CBN) has thrown its weight behind the federal government’s decision to sell its least valued assets and use funds from the sale to execute infrastructural projects in the 2021 budget.
Cryptocurrency: “There is need for regulation and not prohibition of Cryptocurrency” - Vice President Yemi Osinbajo speaking at the CBN Bankers’ Forum today, 26th February 2021.

VP Osinbajo advocates regulation of cryptocurrency

The Vice President Yemi Osinbajo has said that the country needs to regulate cryptocurrency, instead of the prohibition put in place by the Central Bank of Nigeria (CBN).
The Minister of Aviation, Sen. Hadi Sirika, on Thursday received a new aircraft brought by Allied Air at the Nnamdi Azikiwe International Airport, Abuja for the distribution of COVID-19 vaccines across the country.

Nigeria receives new aircraft for coronavirus vaccines distribution

The Minister of Aviation, Sen. Hadi Sirika, on Thursday received a new aircraft brought by Allied Air at the Nnamdi Azikiwe International Airport, Abuja for the distribution of COVID-19 vaccines across the country.

CBN boss pledges accommodative monetary policy to boost economic growth

Emefiele, said this on Friday, while speaking at a CBN/Bankers’ Committee’s initiative for economic growth, which is a one-day special summit on the economy by bank chief executive officers.
Emmanuel Nwude, a businessman, who was convicted of defrauding a Brazilian bank of $242 million, has denied knowing the source of the funds while testifying on Thursday before an Ikeja Special Offences Court in Lagos State.

Emmanuel Nwude: Olisa Agbakoba dumped me after collecting N27 million

Emmanuel Nwude, a businessman, who was convicted of defrauding a Brazilian bank of $242 million, has denied knowing the source of the funds while testifying on Thursday before an Ikeja Special Offences Court in Lagos State.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

Nigerian government seeks asset manager for N15tn InfraCo fund

The federal government plans to hire an asset manager for its new Infrastructure Development Company (Infraco), designed to raise as much as N15 trillion ($36.7 billion) for infrastructural projects and to accelerate growth.
This was made known by the Director-General, NADDC, Jelani Aliyu, Abuja at the unveiling of Hyundai Kona Electric Car, Nigeria’s first locally assembled electric car in Abuja.

NADDC: Nigerian government attracted over $1 billion investment in automobile industry in 2019

This was disclosed by the Director General of National Automotive Design and Development Council (NADDC), Mr. Jelani Aliyu at the opening of a two-day investigative hearing held at the instance of the Ad-hoc Committee into the financial budgetary approvals and multilateral donation on skills acquisition and related programs of federal government and its agencies, chaired by Hon. Victor Akinjo.

ICPC boss says virtual assets, cryptocurrencies risky for Nigeria

The Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Prof. Bolaji Owasanoye, SAN, on Tuesday said virtual assets and cryptocurrencies are risky for implementation in Nigeria.

Crypto ban: CBN chief honours National Assembly invitation

Emefiele arrived at the National Assembly (NASS) on Tuesday to honour the request by the Senate Joint Committee on Banking Insurance and other financial institutions, (including ICT and cybercrime).
The Nigerian Incentive-Based Risk Sharing System for Agricultural Lending, (NIRSAL PLC) has facilitated over N148 billion in finance and investments for agriculture and agribusiness.

NIRSAL: We facilitated N148 billion in agricultural investments in 2020

The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) says it made available over N30 billion to the country’s agricultural value chains in the last 13 months. NIRSAL’s Managing Director, Aliyu Abdulhameed, who said...
The Nigeria Economic Summit Group (NESG) has advised the Federal Government to always consider its economic policy choices, before taking decision, in order to FastTrack economic growth, its recently launched 2021 Economic Outlook has said.

NESG urges Nigerian government to study, check excesses in crypto-currencies

The Nigeria Economic Summit Group (NESG) has called on the Federal Government to carry out comprehensive study on the workings of cryptocurrencies to check financial excesses.

SEC: Cryptocurrency market worth $2 trillion, it can’t be ignored

The Head of Department, Registration, Exchanges, Market Infrastructure and Innovation Department of SEC, Timi Agama, disclosed this during a virtual lecture organised by the Association of Capital Market Academics of Nigeria (ACMAN) in Abuja on Sunday.

Nigerian government approves N35.4 billion for provision of electricity in Kano, Calabar free trade...

The Federal Government has approved the sum of N35.4 billion for the improvement of electricity infrastructure in both Kano and Calabar Free Trade Zones.
The Central Bank of Nigeria was granted permission to freeze the accounts of 20 #EndSARS campaigners after linking the funds in their account to “suspected” terrorism activities.

Nigeria’s young protesters trapped between trauma and fear

The Lekki tollgate in Lagos, Nigeria's sprawling megacity of 20 million people, has frozen in time since October when security forces shot at peaceful protesters.

Recent Stories

WhatsApp’s desktop app for Mac and PC is getting voice and video calling today, the company announced, offering end-to-end encrypted calls to other WhatsApp users on both computers and mobile devices.

WhatsApp’s desktop app now has video and voice calls

WhatsApp’s desktop app for Mac and PC is getting voice and video calling today, the company announced, offering end-to-end encrypted calls to other WhatsApp users on both computers and mobile devices.
Governor Bala Mohammed and Governor Babagan Zulum

North East governors: Mambila power project exists only on paper

North East Governors Forum has appealed to President Muhammadu Buhari-led administration to fast-track work on the Mambila Hydroelectric Power Project.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

CBN facilitates release of 50,000 MT of maize into Nigerian market

The Bank’s February 2021 release of Maize in fulfilment of its pledge to reduce the price of the commodity, was done through the Anchor Borrowers’ Programme (ABP) to major poultry feed producers and poultry producers in the country.
Gareth Bale scored twice and made another as Spurs thrashed Burnley 4-0 in a scintillating display with the Welshman back to his best on Sunday.

Tottenham boss provides update on potential permanent Gareth Bale move

Tottenham manager Jose Mourinho has admitted he doesn’t know much about the prospect of a permanent transfer deal for loan signing Gareth Bale.
Chelsea are reportedly to open talks with Bayern Munich star, David Alaba, in the New Year.

David Alaba in talks with Premier League clubs over summer move

David Alaba is reportedly in talks with Premier League clubs over a potential move this summer.

Most Popular

Charles Idahosa backs Edo governor’s probe of N30 billion stormwater project

A chieftain of the Peoples Democratic Party, PDP, in Edo State, Chief Charles Idahosa, has advised a former governor; Minister of State for Budget and National Planning, Clem Agba, and the All Progressives Congress, APC, not to panic over moves by the Edo State government to probe the N30 billion Edo stormwater project.
Both Governor Simon Lalong and Senator Gyang have noted that the purported invitation for the turbaning of one Alhaji Samaila Abdullahi as Sarkin Kerana is a threat to the peaceful coexistence of the people of the North-Central State.

Ex-Rep: Plateau has let down Middle Belt through Governor Lalong’s utterances

The alarming rate of insecurity in Nigeria needs to be tackled not from the point of weakness on the part of government and security agencies but decisive actions against criminal elements causing havoc in the country.
Governor Hope Uzodinma of Imo, on Sunday, announced that three coronavirus patients have been discharged after treatment in Imo State.

Imo government set to recover more choice properties from ex-governor

This is definitely not the best of times for the embattled former Governor of Imo State, Senator Rochas Okorocha as there are indications that the present administration in the state is determined to implement fully the government White Paper based on the outcome of the Judicial Commission of Inquiry report.
National Drug Law Enforcement Agency (NDLEA)

Nigerian Army hands over suspected drug peddlers to NDLEA in Cross River

The 13 Brigade Nigerian Army Calabar has handed over two suspected drug dealers to the National Drug Law Enforcement Agency (NDLEA) for further investigation and prosecution.
The Senate President, Ahmad Lawan, has said that for appreciable development to take place in the country, more women must be regarded and enlisted to take up more spaces in governance.

Senate president: PIB will change economic fortune of Nigeria

The President of the Senate, Ahmad Lawan, on Thursday assured Nigerians that the Petroleum Industry Bill, which is before the National Assembly, will change the fortune of the country by the time it becomes law.