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External Reserves Gain $3.98bn, Hit $40.76bn In Three Weeks

Nigeria’s external reserves gained $3.98bn in three weeks, rising above the $40bn mark, according to data obtained from the Central Bank of...

CBN Introduces N500m Grant For Undergraduates, Graduates

The Central Bank of Nigeria has said it will support youths in tertiary institutions with grants to promote entrepreneurship and reduce unemployment.

FG’ll Pay Foreign Debts Before Other Obligations – Emefiele

The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, has said the Federal Government will ensure the payment of foreign...

CBN Moves Against Violators Of New Forex Policy

The Central Bank of Nigeria (CBN) yesterday directed all banks to henceforth publish on their websites the names and Bank Verification Numbers...

CBN Appoints Eight New Directors

The Central Bank of Nigeria (CBN) on Wednesday announced the appointment of new directors as the heads of its various departments.

External Reserves Near $34bn, Gain $500m In One Week

Nigeria’s external reserves rose by $500m in one week to the highest point in more than two months, according to the latest...

CBN’s N250bn Intervention Can Create 12m Jobs – Experts

The N250 billion gas intervention fund set up by the Central Bank of Nigeria (CBN) would help Nigeria to unlock its 206...

CBN Threatens Prosecution Of Forex Policy Defaulters

Banks have warned that defaulters of the new foreign exchange policy may face criminal prosecution by the Central Bank of Nigeria.

In Six Months, Food Imports Gulped $1.04bn – CBN

The foreign exchange supplied by the Central Bank of Nigeria for the importation of food products into Nigeria rose by 23.81 per...

CBN Warns Microfinance Banks Against Forex Transactions

The Central Bank of Nigeria has warned microfinance banks against performing certain non-permissible activities, including wholesale backing and foreign exchange transactions.

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