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Central Bank of Nigeria

Anchor Borrowers Scheme and dashed hope of cotton farmers in Adamawa

BASED on his enlistment as one of the beneficiaries of the Central Bank of Nigeria, CBN’s Anchor Borrowers Program in Adamawa State for the 2020 wet planting season, James Ezra, had high hopes regarding his new found occupation. He looked forward for a good harvest during the year as a cotton farmer, especially having been enlisted as a member of the National Cotton Association of Nigeria (NACOTAN).

P & ID: CBN confirms receipt of $200m deposit to Nigeria after UK court ordered release

A commercial court in London has ordered the release of $200 million to the Nigerian Government as a deposit in the case against Process...

Nigeria spent $770m on oil imports in first half of 2020 – CBN

THE Central Bank of Nigeria (CBN), on Thursday revealed that Nigeria had spent $770.58 million on oil imports in the first half of  2020. The...
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Rights group takes FG to ECOWAS Court, seeks perpetual injunction on provisions of NBC code

RIGHTS group, Expression Now Human Rights Initiative  has filed a suit at the Economic Community of West African States (ECOWAS) Court  against the Federal...

Customers to get less on bank deposits as CBN reduces interest rate from 3.9 to 1.25 percent

THE Central Bank of Nigeria (CBN) has directed all deposit money banks across the country to review interest payable on savings account to a...

Naira gains 1.3 per cent after CBN unveils plans to sell forex to BDC operators

THE naira appreciated by 1.3 per cent against the US dollar on the Nigerian official market on Friday, after the Central Bank of Nigeria...
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CBN retains banks interest rate at 12.5 per cent, expects positive impact on economy

GODWIN Emefiele, Governor of the Central Bank of Nigeria, CBN, on Monday pegged the benchmark lending rate at 12.5 per cent, sustaining the Monetary...

N10m fine against erring banks, other implications of CBN’s new GSI policy

THE Central Bank of Nigeria (CBN) on Monday released new operational guidelines on Global Standing Instruction (GSI), a new policy aimed at enhancing a...

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Show organiser reveals why Kizz Daniel refused to perform in Tanzania after $60,000 payment

ORGANISER of the Summer Amplified Concert which flopped in Dar es Salaam, Tanzania, Stephen Uwa, has given his account...

Air Peace suspends Johannesburg flights from August 22

AIR PEACE has suspended flight operations from Nigeria to Johannesburg, effective August 22, 2022. In a statement signed by the...

NESG asks FG to cut leakages, reduce cost of governance

THE board of directors of the Nigerian Economic Summit Group (NESG) has directed the Federal Government to cut leakages...

World Congress of Science and Factual Producers offers scholarships

THE World Congress of Science and Factual Producers (WCSFP) is inviting applications for its Emerging Producers Bursary Program. The programme...

EFCC arraigns fake Air Force officer over job scam

THE Economic and Financial Crimes Commission (EFCC) has arraigned a fake Air Force officer, Ahmed Umar, before a Federal...
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