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3,383 farmers abscond with N364 million CBN loan

Report says that 3,383 farmers, who benefited from the N364 million loan in Taraba State between 2018 and 2019, are on the run. The...

CRR will affect Banks, returns and lending ability says Fitch

  Indications have emerged that the Cash Reserve Ratio, CRR, being implemented by the Central Bank of Nigeria, CBN, will affect banks’ returns and ability...

Nigeria devalues it’s currency, naira now exchanges N380 to $1

  Nigeria, Africa’s biggest crude oil exporter, has officially devalued its currency, Naira, against the dollars. The country’s apex bank, Central Bank of Nigeria, CBN, which...

CBN, Heritage Bank drive investment, job creation

  Heritage bank Plc in collaboration with the Central Bank of Nigeria,CBN, under the Nigerian Incentive-Based Risk Sharing in Agricultural Lending, NIRSAL, has continued to...

CBN gives guidelines for credit intervention fund

    The Central Bank of Nigeria, CBN, has released a series of guidelines credit facilities it extended to private sector operators through non-interest financial institutions...

CBN debits banks on CRR N118bn

  The Central Bank of Nigeria on Friday debited the accounts of many banks in Nigeria in line with its Cash Reserve Ratio (CRR) compliance...

CBN disowns fake Twitter handle

The Central Bank of Nigeria (CBN) has described as fraudulent the operations of a twitter handle, @YusufPhilipYila, purported to belong to the Bank’s Director,...

Economy: Emefiele, CBN will not be deterred – Spokesman  

  The Central Bank of Nigeria (CBN) says the Governor, Godwin Emefiele, and his team at the Bank will not be deterred in their effort...

FG, CBN’s aggressive revenue drive may create dearth of Funds

Federal government and Central Bank of Nigeria’s aggressive revenue drive typified by tax levies and Cash reserve ratio (CRR) respectively may be counter productive...

CBN unviels framework for non-interest window, others

targets N432 billion for 2020 wet season    THE Central Bank of Nigeria, CBN, has unveiled plans to release a framework for the integration of non-interest...

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