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Banks Lose N12.06bn to Fraud in 6 Months, Says CBN

*Tension as 3 banks fail liquidity ratio requirement The Central Bank of Nigeria (CBN) has revealed that commercial banks in the country lost a total of N12.06 billion...

Ebonyi Govt Launches Probe into N2bn CBN Agric Loan

Ebonyi state government says it has commenced probe into the disbursement of N2billion Central Bank of Nigeria (CBN) commercial agricultural credit scheme for 2016 dry...

CBN sets N6bn Minimum Capital for Proposed Mortgage Guarantee f Firms

The country’s apex bank , the Central Bank of Nigeria (CBN), last week unveiled an exposure draft to regulate the operations of Mortgage Guarantee Companies...

CBN Pumps $334m into SMIS

Further to its commitment to ensure stability in the inter-bank foreign exchange market, the Central Bank of Nigeria (CBN) has intervened in the Retail Secondary Market...

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...