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Wednesday, January 8, 2025
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Tag: CBN

CBN Plans to Inject N500 Billion into MSMEs to Boost Nigeria’s Economy

The Central Bank of Nigeria (CBN) has unveiled plans to inject N500 billion into the Micro, Small, and Medium...

Cash Outside Banks Reaches N4.3 Trillion, CBN Alerts On Shortage

Nigeria is currently experiencing a major shortage of cash, even though there has been a notable increase in the...

Legislators urge CBN to tackle cash shortage

The House of Representatives has voiced significant concerns about the ongoing cash shortage affecting commercial banks across the country....

CBN To Launch New Website Today

The Central Bank of Nigeria (CBN) has announced that it is launching a brand new website today, Monday. This...

Inflation is unacceptably high, but monetary policy is effective — CBN

The Central Bank of Nigeria (CBN) has acknowledged that the country's inflation rate is alarmingly high, but indicated that...

Oil Imports Fell By 35% In Q2 – CBN

In the second quarter of 2024, Nigeria saw a significant decrease in its oil imports, dropping by 35 percent....

CBN Allocates N1.73tn For Food imports in six months.

The Central Bank of Nigeria (CBN) recently announced the release of $547.7 million (equivalent to N823.19 billion at the...

CBN Directs Banks to Submit FX Compliance Reports

The Central Bank of Nigeria (CBN) has directed Deposit Money Banks and all other participants in the foreign exchange...

CBN Partners with Microfinance Banks to Enhance Financial Inclusion and Support MSMEs

CBN The Central Bank of Nigeria (CBN) has announced a partnership with Microfinance Banks (MFBs) to enhance financial inclusion and...

FAAC Deduces N622.75m for Anchor Borrowers Program Over 15-Month Period

FAAC The Federation Allocation Accounts Committee (FAAC) has deducted N622.75 million over 15 months to repay loans disbursed to farmers...

CBN Approves Forex Sales to BDCs at N1,590/$

CBN The Central Bank of Nigeria (CBN) has announced its decision to sell $20,000 in foreign exchange to eligible Bureau...

CBN and Banks Sold $9.9 Billion as the Naira Fell to N1,670/$1.

CBN & BANKS In August 2024, the turnover of foreign exchange through the Nigerian Autonomous Foreign Exchange Market reached N15.74tn...