CBN

Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has invited foreign investors to consider Nigeria and other countries in Africa as their choice investment destination, noting that business confidence in the continent is on the rise. The...

October 7 (THEWILL) - Globacom has unveiled a banking payment service platform called MoneyMaster PSB, to serve the unbanked and underbanked in Nigeria. In a statement on Friday, Glo said the PSB commenced commercial operations on May 30, 2022, while MoneyMaster...

October 06, (THEWILL) - On Thursday, the Central Bank of Nigeria (CBN) said cumulative disbursements under the Real Sector Support Facility (RSSF) currently stand at N2.1 trillion. CBN spokesman, Osita Nwanisobi, made the disclosure at the ongoing 17th Abuja International Trade...

CBN INTERVENTIONS IN DELTA AND EDO STATES The Central Bank of Nigeria undertakes some developmental functions to facilitate the attainment of its objectives. These include stimulating finance to key sectors of the economy like the agricultural and real sectors, facilitating...

The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has reiterated the commitment of the bank towards developing the critical sectors of the economy through its intervention schemes. The Intervention programme, initiated in 1977, was aimed to fast-track the development...

September 27, (THEWILL) – As predicted by many analysts, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has, for the third time in five months, increased the official interest rate by an aggregate of 450...

September 20, (THEWILL) – The introduction of the “Race to $200 billion in FX Repatriation” (RT200 FX) by the Central Bank of Nigeria (CBN) has spurred significant improvement in the country’s export remittances, the apex bank has revealed. The Principal...

CBN INTERVENTIONS IN KWARA AND NASARAWA STATES In recognition that access to finance is a key limiting factor to innovation and development of the economy in Nigeria, the Central Bank of Nigerias’ key development finance interventions are targeted at priority...

September 12, (THEWILL) – The Central Bank of Nigeria (CBN) has granted a Switching and Processing Licence to Flutterwave. Flutterwave is a payments technology company. The payments processing licence will enable transactions between banks, fintechs and other financial institutions. The...

September 08, (THEWILL) – Nigerian banks’ borrowings from the Central Bank of Nigeria (CBN’s) Standing Lending Facility (SLF) increased to N737.05 billion in May 2022 from N612.43 billion in the previous month, according to the CBN latest monthly economic...