Transactions in cryptocurrencies are largely speculative, volatile and should be discouraged, the Central Bank of Nigeria (CBN) has said. The apex bank gave the explanation in a statement on its…
The Central Bank of Nigeria (CBN) has ordered all banks and financial institutions in the country to close the accounts of cryptocurrency exchanges in the country. This new instruction was…
The Central Bank of Nigeria (CBN) says it has disbursed N554.61 billion to 2, 849,490 farmers to boost food security under its Anchor Borrowers Programme (ABP) beginning from 2015. In…
The Governor of Central Bank, Mr Godwin Emefiele, on Friday expressed optimism that Nigeria could emerge from recession by the first quarter of 2021. He also projected a GDP growth…
The Central Bank of Nigeria (CBN) on Tuesday announced retention of the country’s Monetary Policy Committee Ratio (MPR) at 11.5 per cent. Mr. Godwin Emefiele, the CBN governor disclosed this…
The Central Bank of Nigeria (CBN) has said the Arabic inscription on naira notes are not a symbol of religion but go back to the colonial era to help those…
Governor Bello Matawalle of Zamfara says that his administration has entered into a N5 billion gold supply deal with the Central Bank of Nigeria (CBN). The governor made the disclosure…
The Central Bank of Nigeria (CBN) has added maize to the list of items banned from being imported into the country. The CBN said in a circular on Monday that…
The Central Bank of Nigeria (CBN) has cut interest rate to 12.5 per cent from 13.5 per cent after a meeting of Monetary Policy Committee (MPC) on Thursday. The CBN…
There are hundreds of communities in Nigeria that are underserved when it comes to banking services. Step out of any state capital into smaller towns, and try to use an…