The Central Bank of Nigeria (CBN), in what it calls the beginning of a “new journey”, has commenced the implementation of a set of policy actions to raise $200 billion in foreign exchange (FX) earnings...
Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, yesterday inaugurated the ultra-modern 420 metric tons per day capacity rice milling factory in Kano State. Speaking at the occasion, Emefiele said the establishment of the factory...
Twenty-eight local firms have received a loan of N23.2 billion under the 100 for 100 Policy on Production and Productivity (PPP), an intervention of the Central Bank of Nigeria (CBN) to stimulate investments in Nigeria’s...
The Central Bank of Nigeria (CBN) has appealed to cement manufacturers to consider reducing the high cost of cement. The CBN Governor, Godwin Emefiele, made the call at the official commissioning of the BUA cement line...
President Muhammadu Buhari has urged Nigerians to exercise patience as the growing food production in the country, especially expansion in rice farming, will eventually bring down prices of food, making it more affordable for all. The...
The Central Bank of Nigeria (CBN) said at the event that its intervention in the agricultural sector in Nigeria has massively reduced the importation of rice into the country from Thailand. The apex bank explained that...
The Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele says the pan-African payment and settlement system (PAPSS) will simplify cross-border transactions and reduce third currencies for intra-African trade. The third currencies include dollars, pounds...
The Governor of the Central Bank of Nigeria, ,, has said the project aimed at revamping the National Arts Theatre will cost the Bankers’ Committee $100m. Emefiele said this at the ‘Arise Fashion 2021’ programme, organised...
The Central Bank Digital Currency (CBDC), eNaira, has recorded 600,000 downloads on its application (App) four weeks after it was launched on October 25, 2021. The Governor of the Central Bank of Nigeria, Godwin Emefiele, made...
The Central Bank of Nigeria, CBN, has retained the monetary policy rate (MPR) at 11.5 per cent, with the asymmetric corridor of +100/-700 basis points around the MPR. The CBN Governor, Godwin Emefiele, announced on Tuesday...