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CBN to Disburse N220bn to Enterprises Development Fund

To empower the small business sector of the economy, the Central Bank of Nigeria (CBN) said it had set aside N220 billion to be disbursed as loans to cooperative...

CBN Pegs Benchmark Interest Rate at 14%

BY BUKKY AKINDELE The Central Bank of Nigeria (CBN) has kept its main interest rate on hold at 14 percent to counter inflationary risk and introduced an initiative aimed...

CBN Boosts Forex Market with $210m

Nigeria’s apex bank, the Central Bank of Nigeria (CBN) in a bid to stabilise foreign exchange with the local currency on Wednesday, released $210million into the...

NIMASA, CBN to Offer Special Funds for Maritime Sector

• From AKPAN ETTEH in Calabar• The Nigerian Maritime Administration and Safety Agency (NIMASA) and the Central Bank of Nigeria (CBN) are collaborating on modalities...