The Central Bank of Nigeria has ordered banks and other financial institutions to close customer accounts used in trading cryptocurrencies and other related transactions.
The Patriots for the Advancement Of Peace and Social Development (PAPS) has called on the Central Bank of Nigeria (CBN) to obey the orders of a Federal High Court, Abuja, restraining it from going ahead to process the N14.9billion promissory notes belonging to Zamfara State in favour of the United Bank for Africa (UBA).
The Central Bank of Nigeria (CBN) survey for fourth quarter of 2020 (Q4 2020) showed that rising inflation will make the country’s economy weaker in 2021.
CBN will make N250 billion available for infrastructure funding in a bid to expand gas use and cut reliance on imported fuel as government looks forward to offering free conversion to enable some cars to run on gas. More details later…..
Former Nigerian Head of State General Yakubu Gowon (Rtd) has reacted to allegations by a British lawmaker that he stole half of the Central Bank of Nigeria while in office.In his reaction on Wednesday, the former Nigerian leader described the submission by the British Parliamentarian, Tom Tugendhat as rubbish, noting that he served Nigeria meritoriously and never stole anything with the records clearly available for all to see.
The Central Bank of Nigeria (CBN) has said only farmers who grow improved disease-free cassava stems will have access to the N25 billion facility it has created to boost cassava production in Nigeria.
The Economic and Financial Crimes Commission, EFCC, Kaduna Zonal Office, on Tuesday, November, 2020, agreed to work together with the Kaduna Branch of the Central Bank of Nigeria, CBN, to ensure that public funds are kept safe.
As part of Nigeria government’s response to the Coronavirus pandemic, the Central Bank of Nigeria (CBN) has reduced interest rate on its intervention facilities from 9% to 5%, with a 1-year moratorium, till 31st March 2021.The CBN is also providing concessional lending of:
President Buhari has approved the establishment of an Infrastructure Company, wholly focused on critical infrastructural investments in Nigeria. This InfraCo will raise funding from Central Bank of Nigeria (CBN), Nigerian Sovereign Investment Authority (NSIA), pension funds and local & foreign private sector development financiers.
Federal High Court sitting in Abuja on Friday, November 5 granted the Central Bank of Nigeria’s request to freeze the accounts of 19 individuals and a public affairs company linked to the #EndSARS protests.