CBN: Credit To Households Rises In Q2 2020
Secured credit to Households rose from -36% in the first quarter of 2020 to -7.4% by second quarter of 2020...
Naira Rises To N440 Per Dollar At Black Market
Naira is now being sold at N440 per dollar at the black market on Tuesday, odunews.com reports. This represents a...
CBN Cuts Interest Rates On Savings Deposit To 10%
The Central Bank of Nigeria has slashed the interest rates on savings deposits to 10% of the monetary policy rate....
9Mobile Gets CBN’s License As First Payment Service Bank
The Central Bank of Nigeria has granted full approval to 9PSB, owned by mobile giant 9mobile, to commence operations as...
CBN Bans Payment Service Banks From Accepting Forex Deposits
The Central Bank of Nigeria announced that it has banned payment service banks from accepting forex deposits. This was contained...
CBN Directs BDC Operators To Sell Dollar At N386
The Central Bank of Nigeria has directed Bureau De Change (BDC) operators to sell dollars at the rate of N386....
COVID-19: CBN Urges Banks To Support Media, Aviation Industries
The Central Bank of Nigeria has urged banks to support the media and aviation industries via loan disbursements. The apex...
CBN Bars “Third Parties” From Purchasing Forex Routed Via Form M
The Central Bank of Nigeria has asked third parties to desist from accessing its SMIS forex window through FORM M...
CBN Retains Benchmark Interest Rate At 12.5%
The Monetary Policy Committee of the Federal Bank of Nigeria has retained the Monetary Policy Rate (MPR) at 12.5%. CBN’s...
Banks To Seize Money Of Loan Defaulters’ In Other Banks From August 1
The Central Bank of Nigeria says banks will now debit the accounts of loan holders from other banks to settle...
CBN Devalues Naira By 5.3% At Currency Auction
Nigeria’s central bank devalued the naira at one of its currency auctions, according to people familiar with the matter, Bloomberg...
CBN To Support Farmers With N432bn
The Central Bank of Nigeria says it will support farmers of nine key commodities for the 2020 planting season with...
CBN, NNPC To Spend N1bn On Returnees Feeding, Accommodation
The Central Bank of Nigeria and the Nigerian National Petroleum Cooperation have offered to foot the bills of quarantining citizens...
Naira Sells At ₦450 Per Dollar
The rate of Naira slumped to N450 per dollar on Thursday at the Parallel Market. The naira is seen weakening...
COVID-19: Private Sectors Have Donated ₦27.160bn – CBN
The Central Bank of Nigeria says that the private sector donation towards the fight against COVID-19 has hit ₦27.160billion. The...
Fire Razes CBN Office In Jos
The branch of the Central Bank of Nigeria was on Tuesday gutted by fire. The Apex bank however claimed that...
Nigerian Banks To Restructure Loan Terms, Interest Rate Now 5%
The Central bank has announced six new policies to soften the burden of the impact of the Coronavirus pandemic on...
Stamp Duty: Banks Are Violating FG’s Directive On Deposits Below N10,000
There are indications that some banks are charging N50 stamp duty fee on deposits into savings account below N10,000 in...
Reports About Naira Devaluation Is False – CBN
The Central Bank of Nigeria says it has no plans to devalue the naira as against speculations making rounds. According...
Coronavirus: CBN Urges Nigerians To Go Cashless
The Central Bank of Nigeria has urged Nigerians to tilt towards alternative payment methods like electronic transfer as against cash...