Tag: CBN
Oil related firms to sell FX to CBN, not NNPC
International and domestic oil companies, and those providing related services, are now to sell fx to the Central Bank of Nigeria instead of the...
CBN warns against making local purchases in Dollars
The Central Bank of Nigeria has warned against making local purchases in foreign currencies. It said failure by those receiving overseas remittances in Dollar...
COVID-19 and the lockdown: Banks to the rescue, SMEs to get N50billion as soft loans
The Governor of the Central Bank of Nigeria, Godwin Emefiele, has asked all deposit-money banks to put in place business continuity plans that will...
CBN latest policy to reduce money in circulation; banks to have less money to lend
As the Central Bank of Nigeria (CBN) drives banks to keep more money in its reserve, it is possible that the total money...
Credit conditions in the banking sector has improved – Godwin Emefiele, CBN Governor
The governor of the Central Bank of Nigeria has raised the hope of business owners in Nigeria going into 2020. Over the weekend,...
Growth in 3rd qtr GDP analyses informed retention of monetary policy rate at 13.5% – CBN
The Central Bank of Nigeria (CBN) has cited growth in 3rd quarter GDP analyses, decline in non-performing loans, increased liquidity of the banking sector,...