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…
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…
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…
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…
The Central Bank of Nigeria has retained the Monetary Policy Rate at eleven-point five percent, with other measurement indicators also remaining the same. The Monetary Policy Committee of the CBN also left the Cash Reserve Ratio at twenty-seven-point five percent, while the Liquidity Ratio is at thirty percent. CBN Governor, Godwin Emefiele made the announcement during a…
President Muhammadu Buhari has unveiled the rice pyramids in Abuja to mark the annual rice festival. During the ceremony, President Buhari said his administration has initiated different policies to diversify the economic through agriculture. The President said the unveiling of the rice pyramids was an indication that the country is making progress in food security. Also speaking,…