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...
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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...

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...
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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...

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...
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