CBN

By Michy Abraham in Maiduguri The former Adviser on National Assembly Matters, Senator Mohammed Abba-Aji has called on the Federal Government and the Central Bank of Nigeria to come out in defence of former Head of State, Gen. Yakubu…

The Central Bank of Nigeria (CBN) has issued a projection that Nigeria will exit its current and worst recession in 33 years by the end of this year. The apex bank made the projection at the end of its two-day Monetary Policy…

The United Furniture Dealer’s Association Of NIGERIA has asked the federal government to include the association in the Central Bank Of Nigeria (CBN) N50billion COVID-19 stimulus package for households and small businesses in the…

The Central Bank of Nigeria on Monday dismissed insinuations in some quarters that the Arabic inscriptions on naira notes portrays Nigeria as an Islamic state, contrary to the country’s constitutional status of a secular state.…

The Central Bank of Nigeria has warned against fraudulent loan offers and investment schemes which are being used by unscrupulous individuals to defraud owners of small scale ‎businesses. Messages and videos which are urging…

In a bid to curb the rising inflation and address recession in the economy, the Central Bank of Nigeria (CBN) says it would pursue expansionary monetary policies since the fiscal policy already has some limitations. The…

Transactions on the Nigerian Stock Exchange on Tuesday rebounded further by 0.31 per cent, just as the Monetary Policy Committee (MPC) reduced interest rate by 100 basis points. The MPC of the Central Bank of Nigeria (CBN) at…

Despite the commencement of forex sale to Bureau De Change by the Central Bank of Nigeria, the value of the naira has plunged further as it exchanged at 465/$ on the parallel market on Monday, after it exchanged at 460/$ on Thursday. It…

The National Union of Chemical Footwear Rubber Leather and Non-Metallic Products Employees (NUCFRLANMPE) has urged the Central Bank of Nigeria (CBN) to rethink its recent policy on Form M, which has to do foreign exchange. The…

The Central Bank of Nigeria (CBN) has is investigating foreign exchange transactions of about 55 companies and individuals. ‎Sources in the CBN linked the companies and individuals to foreign exchange deals outside the official…