Tag Archives: CBN

Liquidity inflows totaling N1.02 trillion will hit the interbank money market this month aggravating the volume of excess cash in banks.

...the beneficiaries comprised 648, 052 households and about 130, 000 Small and Medium Enterprises.

The Central Bank of Nigeria (CBN) says it has disbursed over N1.3 trillion to support the provision power supply to Nigerians in the last five years.

Banks’  borrowings from the Central Bank of Nigeria, CBN, rose by 233 per cent, year-on-year, to N26.9 trillion in 2021 reflecting  increased  reliance on the apex bank to cope with the intense scarcity of funds which prevailed in the interbank money market for most part of last year. The CBN has two short term lending windows for banks namely the Standing ...

According to the CBN, 80 per cent of jobs created by such projects must be for Nigerians while 50 per cent of raw materials for the project must be sourced locally.

The Central Bank of Nigeria’s eNaira website has gone live ahead of schedule. And, in the 24 hours following the launch, it received more than a million hits. The CBN stated that eNaira – a central bank-issued digital currency that provides a unique form of money denominated in Naira – would serve as both a medium of exchange and a ...

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has agreed to retain the Monetary Policy Ratio (MPR) at 11.5 per cent

The Central Bank of Nigeria (CBN) has said it has no plan to convert foreign currencies in the domiciliary accounts of bank customers.

The Central Bank of Nigeria, CBN, has disclosed that it has so far recovered N89.2 billion excess and illegal charges slammed on customers by banks in Nigeria.