Tag: CBN
CBN sells 1.45bn yuan in two years in currency swap deal...
By Francis Ogwo
About 1.45 billion yuan has been sold by the Central Bank of Nigeria since it commenced the currency swap deal with China...
CBN gets go-ahead to freeze accounts of 20 EndSARS promoters
The Central Bank of Nigeria has obtained a court order to freeze the bank accounts of Bolatito Rachael Oduala, popularly known as Rinu and...
Imports and invisibles had 146% rise in FX outflows in May...
By Francis Ogwo
Outflow of foreign exchange through autonomous sources especially for imports and invisibles rose by 146.15 percent to US$0.32 billion in May 2020.
This...
CBN pumps in N3.3tr credit to boost economy
By Francis Ogwo
About N3.3 trillion has been set aside for the creative sectors of Nigeria's economy.
This was announced by the Central Bank of Nigeria...
Naira gains as CBN plans N90.94bn roll over of treasury bills
By Francis Ogwo
The Central Bank of Nigeria (CBN) has disclosed that Nigeria’s currency (the naira) has gained N0.25k against the dollar as it plans...
COVID-19: ‘Accounts of successful SMEs for N50bn relief fund to be...
By Francis Ogwo
The Central Bank of Nigeria will credit the account of successful households, small and medium enterprises (SMEs) who applied for the 50...
Refund to bank customers stand at N76.7bn, $20.9m -CBN
The Central Bank of Nigeria (CBN) says the worth of money refund to bank customers as at Nov. 30 stood at N76.75 billion and...
Nigeria spends $1.2bn to import fish annually – CBN
The Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele says
about 1.2 billion dollars worth of fish is imported into this country annually.
Emefiele...
Cashless policy: Check banking sector fraud, ex-ANAN boss tells CBN
Dr Samuel Nzekwe, Former President, Association of National Accountants of Nigeria (ANAN) has advised the Central Bank of Nigeria (CBN) to intensify effort toward...