CBN explains why banks can’t lend at single digit interest rate
The Deputy Governor, Economic Policy, Central Bank of Nigeria (CBN), Dr Joseph Nnanna, on Thursday blamed the inability of Deposit…
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Buhari writes Senate, seeks confirmation of CBN Deputy Governor nominee
President Muhammadu Buhari has written to the Nigerian Senate, seeking confirmation of Folashodun Shonubi as the deputy governor…
President Buhari appoints new CBN Directors, others
President Muhammadu Buhari on Friday approved the appointment of four new Non-Executive Directors of the Central Bank of Nigeria,…
External reserves dip by $169m in six days
The latest data from the Central Bank of Nigeria (CBN) released on Thursday shows that nation’s foreign exchange reserves fell by…
Banks’ average daily loan request from CBN hit N216b
Commercial banks’ average daily loan requests from the Central Bank of Nigeria (CBN) stands at N216.34 billion due to the apex…
Oyo 2019: Adelabu tenders resignation as CBN Deputy Governor
President Muhammadu Buhari has accepted the disengagement of the Deputy Governor in charge of Operations at the Central Bank of…
Senate rejects Buhari’s CBN nominee for failing ‘integrity test’
The Senate Thursday turned down the request for the confirmation of Dr.Abdul Abubakar for appointment as a Non-Executive Director…
Forex: CBN injects $210m into market, warns banks against hoarding
…Urges customers to report erring banks
The Central Bank of Nigeria (CBN) has made available 210 million dollars to meet…
Why we did not reduce interest rate – CBN
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) rose from its second meeting for the year, expressing…
CBN retains monetary policy rate at 14%
The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday left the Monetary Policy Rate unchanged at 14 per…