The National Automotive Design and Development Council (NADDC) has initiated a N200 billion vehicle financing scheme to enable Nigerians own brand new vehicles at ease. The Director General of the Council, Jelani Aliyu disclosed this in...
The Central Bank of Nigeria (CBN) has introduced special bills as part of ongoing efforts to absorb excess liquidity and deepen the financial market. It says the move will avail it with an additional liquidity...
The Central Bank of Nigeria (CBN) has issued fresh guidelines on the management and payment of diaspora remittances to recipients, mandating the international money transfer operator (IMTO) to ensure that transfer funds are deposited in...
The Central Bank of Nigeria (CBN) has approved the release of banks’ excess cash reserve requirement (CRR) to support economic recovery. CRR is the minimum amount banks are expected to retain with the CBN from...
The Central Bank of Nigeria (CBN) has announced that beneficiaries of diaspora remittances through the international money transfer operators (IMTO) shall now receive payment in foreign currency (US Dollar) through the designated bank of their...
The Federal Government will next week commence the installation of 5 million solar home systems in under-served and off-grid communities across the country. The programme is in continuation of a coordinated implementation of the Economic Sustainability...
The Central Bank of Nigeria (CBN) has directed bureau de change operators in the country not to sell dollars higher than N392 to end users. This came on a day the Naira fell 2.02% to...
Nigeria’s former Head of State, General Yakubu Gowon, has denied ‘looting half of Central Bank of Nigeria (CBN),’ as alleged by a British parliamentarian during a debate on #ENDSARS General Gowon was accused by UK lawmaker,...
The Central Bank of Nigeria (CBN) has advised banks and other financial institutions to reduce the cost of providing banking services to their customers, especially the underbanked and unbanked within the society. Describing the cost of...
Central Bank of Nigeria (CBN) has retained the benchmark interest rate (Monetary Policy Rate) at 11.5 per cent and left all other parameters unchanged in a meeting of its Monetary Policy Committee CBN Governor, Godwin Emefiele...