6 Dairy Firms Get CBN’s Nod For Milk Importation
BY EDMOND ODOK, ABUJA – The Central Bank of Nigeria (CBN) has moved to boost domestic production of milk by engaging six dairy companies operating in the country to import…
Isaac Okorafor
Forex: CBN Boosts Retail Secondary Market With $218.41m, CNY 18m
BY EDMOND ODOK, ABUJA – The Central Bank of Nigeria (CBN) has boosted its retail Secondary Market Intervention Sales (SMIS) with the sum of 218.41 million dollars. In addition, the…
Rising Poverty: World Bank Cautions Nigeria
BY COBHAM NSA, ABUJA – Concerns over Nigeria’s declining Gross Domestic Product (GDP) have put the World Bank on edge with the caution that increasing poverty will continue to haunt…
3 PSBs Get CBN’s AIP
BY EDMOND ODOK, ABUJA – The Central Bank of Nigeria (CBN) has issued Approvals-in-Principle (AIP) to three Payment Service Banks (PSBs) as part of efforts to enhance financial inclusion in…
CBN Cautions Nigerians Over Fake Loan Platforms
BY COBHAM NSA, ABUJA – Amidst growing concerns over dubious loan offers in Nigeria’s financial space, the Central Bank of Nigeria (CBN) has warned the public against embracing such fake…
Spray Naira And Risk 6 Months Jail, N50k Fine
CBN goes tough on note abuse BY EDMOND ODOK, ABUJA – Worried by the alarming rate of mutilating and abusing Naira notes in the country, the Central Bank of…
CBN Clarifies Foreign Reserves Drop
Debunks links to 2019 political activities BY COBHAM NSA, ABUJA – The Central Bank of Nigeria (CBN) has debunked speculations that recent drop in the level of Nigeria’s foreign reserves…
CBN Shores up Forex Market With $210m
Focused on sustaining forex availability to meet customers’ needs in various segments of the market, the Central Bank of Nigeria (CBN) on Monday injected another $210 million into the inter-bank…
Forex Intervention: CBN Deploys $210m
BY EDMOND ODOK, ABUJA – The Central Bank of Nigeria (CBN) injected 210 million US dollars into three segments of the market as part of its interventions in the inter-bank…
CBN Injects $210m Into Interbank Market
Nigeria’s external reserves now $40.4bn Despite unsettling developments in the economic space, Nigeria’s external reserves hit a new high position of $40.4 billion. The good news is coming against the…