Public funds not enough to finance agriculture — CBN
The Central Bank of Nigeria (CBN) has called for increased private-sector investment in agriculture, warning that public funds…
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Currency outside banks rises 104% in three years — CBN
The amount of physical cash held outside the banking system by Nigerians increased by 103.8 per cent to N4.923 trillion in…
Cash outside banks hits N4.92trn – CBN
Latest data from Central Bank of Nigeria (CBN) has shown that cash outside banks rose by N48.73 billion to N4.92 trillion in…
JP Morgan gets CBN’s nod to establish merchant bank in Nigeria
The Central Bank of Nigeria (CBN) has granted JP Morgan approval-in-principle to establish a merchant bank in Nigeria.
In a…
Why CBN’s latest interest rate decision surprises markets — Cardoso
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has explained that the need to address weaknesses in monetary…
SERAP drags CBN to court over $6.23m election cash, ₦1.63tn audit red flags
The organisation wants the court to order the apex bank to provide details of how the money was used, who benefited from the…
SERAP sues CBN over failure to account for $6.23m in ‘missing’ election…
The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Central Bank of Nigeria (CBN) over…
“Your improved capital base must reflect robust economy…
The Central Bank of Nigeria (CBN) has charged the banking sector to reflect success of the recapitalisation exercise with a…
SERAP gives CBN seven days to account for $6.23m election funds or face…
The Socio-Economic Rights and Accountability Project has given the Governor of the Central Bank of Nigeria, Olayemi Cardoso, and…
Nigeria’s FX reserves now in excesses of $55 billion – highest…
Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has confirmed that Nigeria’s gross foreign exchange (FX) reserves…