The World Bank has approved $500 million to support the Nigerian in strengthening its electricity distribution sector. “The project will help boost electricity access by improving…
Browsing: CBN
The Central Bank of Nigeria (CBN) has explained why it banned the use of cryptocurrencies in the country. According to the apex bank, transactions in cryptocurrencies…
The Central Bank of Nigeria (CBN), on Tuesday, held the Monetary Policy Rate (MPR) at 11.5 per cent and retained the Cash Reserves Ratio at 27.5…
Based on the two-dose requirement for each of the 164.8 million Nigerians, it means the country will need $6.43bn or N2.44tn (using CBN official exchange rate of N379/$1) to procure the vaccine for them.
The Central Bank of Nigeria has changed its remittance rule. And now, Nigerians can receive money in the currency it was sent in. Janet Ogunkoya, a…
Former Nigerian head of state, Retired General Yakubu Gowon has denied allegations that he stole half of the Central Bank of Nigeria (CBN). Lt. Col. Thomas…
The Central Bank of Nigeria’s Manufacturing Purchasing Managers’ Index (PMI) stood at 50.2 index points in November. This indicates recovery from the contraction it recorded the…
The financial holding company will be regulated by the CBN as another Financial Institution and listed on the Official List of the Nigerian Stock Exchange and the London Stock Exchange (the LSE)
The Central Bank of Nigeria (CBN) has released guidelines for implementation of the proposed N75 billion Nigeria Youth Investment Fund (NYIF). CBN, in a statement by…
Nigeria’s central bank has dismissed as untrue claims that its website was brought down by Anonymous, an online network known for launching cyber attacks against government…