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Central Bank of Nigeria

Business

Nigeria’s SEC Working To Remove Cryptocurrency Ban

Wires Editor | The Trent - May 4, 2021

Nigeria was the center of one of the most unlikely and shocking developments in the world of cryptocurrencies so far back in February when...

Government

CBN Releases List of Financial Institutions Exempt From Lockdown In Lagos, Ogun, and FCT

Wires Editor | The Trent - Apr 1, 2020

Further to the federal government directive to carry out a two-week lockdown in Lagos, Ogun and the Federal Capital Territory, Abuja to check the...

Economy

CBN Returns Excess N60 Billion Charged From Customers’ Accounts By Banks

Doyin Ajayi | Sub-Editor - Feb 23, 2020

The Central Bank of Nigeria, CBN, said it has recovered over N60 billion excess charges imposed by banks on customers and returned the money...

Government

Opening Nigeria’s Borders Now Could Cripple Local Rice Farmers – Emefiele

Ekemini Ekwere | News Reporter - Nov 6, 2019

Godwin Emefiele, the governor of the Central Bank of Nigeria, has said though the country cannot afford to have its borders shut in perpetuity,...

Economy

Central Bank Introduces Policy For Loan Defaulters To Lose Deposits In Other Banks

Salisu Sulaimon | Sub-Editor - Aug 27, 2019

To increase retail credit and curb the rising cases of non-repayment of such facilities, bank customers, who take loans but default in paying back,...

Government

CBN Denies Reports Of ‘Missing N500 Billion’ In Leaked Audio Tape

Agency Reports - May 13, 2019

Isaac Okoroafor, the spokesperson of the Central Bank of Nigeria, has said that no money is missing or stolen from the bank’s coffers as...

Business

Nigeria’s Central Bank Provides Fiscal Stimulus For Forex Market

Ima Matthew | Sub Editor - Jan 9, 2019

The Central Bank of Nigeria, CBN, was recently forced to intervene in the interbank foreign exchange market, providing additional fiscal stimulus to the tune of $210...

News