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Farmers kick As CBN Halts Anchor Borrowers Programme’s Funding
THE Central Bank of Nigeria has stopped disbursing funds to farmers under the Anchor Borrowers Programme which started in 2015, but beneficiaries kicked against this on Thursday. Presidents of 68…
Naira Re-design: Buhari Finally Confesses To Giving His Approval
President Muhammadu Buhari FOLLOWING the controversies surrounding the plan by the Central Bank of Nigeria (CBN) to change the look of the naira notes amid economic instability, President, Muhammadu Buhari…
Naira Redesign: CBN Insists It Followed Due Process
IN an apparent response to claims by the Minister of Finance, Budget and National Planning, Zainab Ahmad, that her ministry was not carried along by the Central Bank of Nigeria,…
CBN Organises Fair For Business Operators, Banks, Others In Rivers
THE Central Bank of Nigeria (CBN), on Friday, organized an enlightenment fair for business operators, commercial banks and other groups in Rivers State. Others groups that attended the enlightenment fair…
Why Nigeria Can’t Stop Borrowing– CBN
THE Central Bank of Nigeria (CBN) has stated that Nigeria cannot stop borrowing, especially when it is necessary as part of fiscal responsibility. Godwin Emefiele, the governor of the Central…
BREAKING: Senate Summons CBN Governor, As Dollar Hits N700
THE Senate has summoned the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, over the depreciation of naira. This followed a motion by Senator Olubunmi Adetunmbi (APC, Ekiti…
16 Years After Consolidation, 250 Ex-bankers Denied Benefits Dead
16 years after their disengagement by former employers, ex-banks’ staff members retrenched during the 2005 banking re-capitalization converged in an office located in a mechanics’ compound at Aina Eleko Street, Maryland, Lagos…
BREAKING: CBN Raises Interest Rate To 14%
THE Central Bank of Nigeria has raised the interest rate to 14 percent. This new development is coming barely two months after the apex bank raised the interest rate to…
CBN: Bank Customers To Produce Indemnity For Online Transfers Above N1m
THE Central Bank of Nigeria has directed banks and Payment Service Providers to accept indemnity from customers for highly secured online funds transfers. This was contained in a circular signed…
CBN Raises Interest Rate To 13%
The policy-setting committee of the Central Bank of Nigeria (CBN) has voted to raise the monetary policy rate (MPR), which measures interest rate, to 13 percent to tame rising inflation.…
