Browsing Tag

Central Bank of Nigeria (CBN)

National Council of State endorses currency redesign policy


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The National Council of State has endorsed the currency redesign policy introduced by the Nigerian government. It has however advised that the Central Bank of Nigeria should be more aggressive in the implementation of the policy in order…

House may reconvene if CBN fails to address currency swap hardship – Speaker


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The Speaker of the House of Representatives, Rep. Femi Gbajabiamila has said that the House would have no option but to reconvene before the February 25 elections if the Central Bank of Nigeria (CBN), fails to address the hardships…

‘We redesigned our Currency to control Circulation’-President Buhari


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President Muhammadu Buhari says the decision to redesign the high denomination of Nigeria’s Naira notes is aimed at addressing the urgent need to take full control of the currency in circulation. He made the declaration on Wednesday, at…

Financial Institution to Onboard More Farmers in Ogun State


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The Central Bank of Nigeria (CBN) has said it will onboard more famers and commodity associations in Ogun State to benefit from its Anchor Borrowers Programme (ABP). The CBN governor, Godwin Emefiele, gave this assurance when the Ogun…

Nigeria’s apex bank increases interest rates on savings deposit


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The Central Bank of Nigeria (CBN) has ordered banks in Nigeria to pay savings deposit accounts an interest rate of at least 4.2%, an increase from the 1.4% previously received. This was contained in a circular dated August 15, 2022,…

CBN inaugurates N600m GGMAX poultry farm in Kwara State


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By Tunde Akanbi, Ilorin The Central Bank of Nigeria (CBN), in collaboration with the University of Ilorin, has inaugurated Unilorin GGMAX integrated commercial poultry farm funded under the CBN Tertiary Institution’s Poultry Revival…

Central Bank Of Nigeria To Support Wheat Production Locally


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In a bid to address the rising cost of wheat-based food items, the Central Bank of Nigeria (CBN), has reiterated its commitment to boosting wheat production locally by supporting farmers with inputs, technical know-how and off-taking…

Central Bank Of Nigeria Rewards Best Farmers


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The Central Bank of Nigeria (CBN), recently rewarded farmers who performed creditably well in its Agricultural Credit Guarantee Scheme Fund (ACGSF) for the year 2021. Presenting the award during a ceremony, the Branch Controller, Mrs…

Central Bank Of Nigeria Rewards Farmers in Ondo State


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The Central Bank of Nigeria (CBN) has rewarded some outstanding farmers in Ondo state, pledging consistent support to farmers in the state for agricultural growth to eradicate poverty by providing jobs. The CBN Governor, Godwin Emefiele,…

2023: ‘CBN Governor not interested in joining Presidential race’ – Group


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The Emefiele Mobilization Team, EMT, says Nigeria’s Central Bank Governor, Godwin Emefiele, has not stated or shown that he is joining the 2023 Presidential race. Instead, he remains focused on promoting a sound financial system in Nigeria.…