Tag: Central Bank of Nigeria

Monetary Policy Committee increase lending rate to 13.5%
Monetary Policy Committee increase lending rate to 13.5%

Monetary Policy Committee for inside Central Bank of Nigeria don vote to increase Monetary Policy Rate which dem take to measure interest rate to thirteen-point five percent. CBN Governor, Godwin Emefiele, wey tok this one as him de follow some story people for the bank headquarters for inside Abuja tok, say six out of eleven committee members…

CBN warn Nigerian banks make dem de careful for transactions wey de come from Benin Republic
CBN warn Nigerian banks make dem de careful for transactions wey de come from Benin Republic

Central Bank of Nigeria don warn Nigerian banks make dem de careful for transactions wey de come from Benin Republic. The warning de come after some reports come de suggest say Benin Republic don de turn to country wey dem de take de smuggle drug and still de use for West Africa. CBN give this warning for…

CBN warns Nigerians against patronizing illegal financial operators
CBN warns Nigerians against patronizing illegal financial operators

The Central Bank of Nigeria has urged Nigerians to avoid business transaction with illegal and unregistered financial operators who entice and scam members of the public with large profits. The Central Bank disclosed this in a circular released on its website signed by the Secretary of the Financial Services Regulation Coordinating Committee. The apex bank told the…

CBN launches launch initiative to drive production
CBN launches launch initiative to drive production

The Central Bank of Nigeria has launched what it calls One-Hundred-For-One-Hundred initiative to drive production in the country. CBN Governor, Godwin Emefiele, led other top officials of the bank and the Federal Government at the launch in Abuja. The Secretary to the Government of the Federation, Boss Mustapha, who was represented at the event, urged those who…

CBN blames high cost of food on activities between farms & markets
CBN blames high cost of food on activities between farms & markets

The Central Bank of Nigeria believes that the reason for the continued high cost of food in the market is due to the activities between the farms and markets. CBN Governor, Godwin Emefiele, said such activities include transportation of produce from the farms to the markets, as well as hoarding by traders who buy produce in large…

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