Controversy trails CBN’s decision to relocate key departments to Lagos

By Mariam Abeeb There is a growing controversy over plans by the Central Bank of Nigeria (CBN) under the leadership of Dr Yemi Cardoso to decongest the headquarters of the bank located at the Central Business District of the Federal…

Refocusing CBN To Play Limited Advisory Roles

Recently, the Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, hinted of his plans to refocus the apex bank from direct development finance interventions into more limited advisory roles that support economic growth. Cardoso said, much has…

CBN counters JP Morgan, says estimate of Nigeria’s net FX reserves ‘misleading’

From Abubakar Yunusa Abuja The Central Bank of Nigeria (CBN) says the recent estimate of the country’s foreign exchange (FX) reserves by JP Morgan was presented “out of context”. Hassan Mahmud, director of monetary policy department, CBN, spoke when he…

CBN disbursed N629 billion to farmers under Anchor Borrowers Programme in 2022

From Abubakar Yunusa Abuja   The Central Bank of Nigeria (CBN) says its lending through the Anchor Borrowers Programme (ABP) stood at N629 billion in 2022. The apex bank made this disclosure in its newly released 2022 financial report published…

Cash Withdrawal :Northern coalitions calls for Emefiele’s resignation

By ABUBAKAR YUNUS,Abuja The Coalition of Northern Group,CNG has called for for the immediate unconditional resignation of Emefiele from the position of the Governor of Central Bank of Nigeria and an unreserved apology to Nigerians. This is as the group…

Emefiele: Nigeria’s economy performed better than its peers due to our bespoke policies

Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says Nigeria’s economy has performed far better than many of its peers, courtesy of the bespoke, homegrown and ingenious approach adopted by the bank. Emefiele disclosed this in his opening…

CBN: We’ll introduce USSD code for eNaira transactions

By Abubakar Yunusa The Central Bank of Nigeria (CBN) has announced plans to introduce an unstructured supplementary service data (USSD) code to improve the adoption of its eNaira. Kingsley Obiora, CBN deputy governor, said this at the International Monetary Fund…

Power Ministry, NNPC, CBN sign disbursement agreement for N213bn CBN Intervention Fund

By Etuka Sunday All is now set for the nation’s electricity market to takeoff following the disbursement agreements of the N213 billion Central Bank of Nigeria (CBN)’s intervention fund signed yesterday by the stakeholders. Recall, Federal Government announced the N213-billion…

Estate developer urges CBN to release list of recapitalised mortgage banks

The President, Real Estate Developers Association of Nigeria (REDAN),Mr Bode Afolayan on Tuesday urged the Central Bank of Nigeria (CBN) to release the names of recapitalised Primary Mortgage Institutions (PMIs). Afolayan made the appeal in an interview with the News…

CBN encourages Niger State Govt to begin Cashless transactions

From Yakubu Mustapha,Minna The Central Bank of Nigeria (CBN) has urged Niger state government to start cashless transactions as it presented its cashless policy to the Government and people of the state and encouraged it not to use cash in…

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