CBN - Page 3

Nigeria’s Banking Sector Stable, Says CBN

The Central Bank of Nigeria (CBN) has reassured Nigerians that the country’s banking sector is stable and resilient. The assurance came on the heels of recent publications and social media reports that

May 20, 2025

by Mohammed Shosanya

CBN Explains Introduction Of PAVE,Justifies Naira Stability

The Governor, Central Bank of Nigeria, Mr Godwin Emefiele, said his bank is introducing initiatives to encourage Nigerians to consume what they produce and also export. He spoke at the opening of

March 25, 2022

Banking&Finance·Business

CBN Justifies Interventions In Real Sector

The Central Bank of Nigeria (CBN),says the positive outcomes of the various interventions in the real sectors of the economy have justified the approach. The CBN Governor, Mr. Godwin Emefiele, disclosed this

March 24, 2022

Banking&Finance·Business

CBN Retains Benchmark Interest Rate At 11.5% As Reps Seek Reinforcement Of Coins Use

The Central Bank of Nigeria’s Monetary Policy Committee has retained the Monetary Policy Rate (MPR) at 11.5% . The apex bank kept all other parameters unchanged. CBN Governor Godwin Emefiele made the

March 23, 2022

Banking&Finance·Business

CBN Says Bank Customers Get Over N95bn Refund

The Central Bank of Nigeria said cumulative refund by banks to customers as at December ending 2021 stood at N95.2 billion. This is contained in data released by the bank at the

March 19, 2022

Banking&Finance·Business

CBN Pegs N1m Limit For Cash Collection Centres

The Central Bank of Nigeria has pegged the minimum transaction limit for corporate and individuals transacting with Bank Neutral Cash Hubs at N1m and N500,000 respectively. The banking regulator disclosed this in

March 15, 2022

Banking&Finance·Business

CBN To Manufacturers :Don’t Take Dollar Loans

…Says Agric is Nigeria’s Saving Grace The Central Bank of Nigeria (CBN) has urged Nigerian manufactures whose revenues are naira- denominated to shun dollar loans. It promised to continue to provide naira funding,

March 8, 2022

Business·SME/Manufacturing

CBN Considers Fresh Funding For Lagos Free Zone

Governor, Central Bank of Nigeria (CBN), Godwin Emefiele said the bank is ready to give more financial support to the Lagos Free Zone after already committing up to N100 billion in to

March 5, 2022

Banking&Finance

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