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Tag "Central Bank of Nigeria (CBN)"

CBN to review products launched by licensed financial institutions

    CBN to review products launched by licensed financial institutions

The Central Bank of Nigeria (CBN) says it will review the products and solutions being launched by licensed financial institutions. This was announced in a circular issued to all deposit

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Kano consortium gets N10bn CBN fund to revive companies affected by COVID-19

    Kano consortium gets N10bn CBN fund to revive companies affected by COVID-19

Kano Investment and Diaspora, in partnership with the Foreign Commonwealth Development ((LINKS) and Manufacturers Association of Nigeria (MAN), says it has secured a N10 billion intervention fund from the Central

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CBN to release 300,000mt of maize in February

    CBN to release 300,000mt of maize in February

The Central Bank of Nigeria (CBN), through its anchor borrowers’ programme, is set to release about 300,000 metric tonnes of maize into the Nigerian market by February.  In a statement

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CBN: Corporate loan defaults worsened for small businesses in Q4

    CBN: Corporate loan defaults worsened for small businesses in Q4

The Central Bank of Nigeria (CBN) says the rate of default on collateral loans worsened in the fourth quarter of 2020. This is contained in a report released by the

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NSE ranked world’s best-performing stock market in 2020

  NSE ranked world’s best-performing stock market in 2020

The Nigerian Stock Exchange (NSE) has been named the best-performing stock market among the 93 equity indexes being tracked by

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Yet again, Buhari asks CBN not to give money for food importation

  Yet again, Buhari asks CBN not to give money for food importation

President Muhammadu Buhari has directed the Central Bank of Nigeria (CBN) not to provide foreign exchange for the importation of

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CBN: One million borrowers have received loans below 20% interest rate since 2019

  CBN: One million borrowers have received loans below 20% interest rate since 2019

The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) says over one million customers have accessed loans

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CBN revokes licences of seven payment service providers

  CBN revokes licences of seven payment service providers

The Central Bank of Nigeria (CBN) has announced the revocation of operating licences of seven payment service providers (PSP), and

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CBN: Consumers will boycott luxury items for the next 12 months

  CBN: Consumers will boycott luxury items for the next 12 months

The Central Bank of Nigeria (CBN) has projected that most Nigerians will distance themselves from expensive and luxury items within

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CBN revokes licences of 42 microfinance banks

  CBN revokes licences of 42 microfinance banks

The Central Bank of Nigeria (CBN) has revoked the operating licences of 42 microfinance banks (MFBs). The Nigeria Deposit Insurance

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