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Central Bank of Nigeria (CBN)

CBN, rice association inaugurate dry season farming inputs


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As part of the efforts to rev up rice production locally and save the country of forex leakage, the Central Bank of Nigeria (CBN) with the Rice Farmers Association of Nigeria (RIFAN) has inaugurated rice input distribution to farmers,…

CBN, Maize Association Kickoff 2021/2022 Dry Season Farming in Gombe


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The Central Bank of Nigeria (CBN) and Maize Association of Nigeria (MAAN) have kicked off the 2021/2022 dry season farming in Gombe State. Speaking at the lunch of the initiative in Yamaltu/Deba Local Council of the state on Tuesday, Head,…

Stakeholders’ harp on deepening CBN agro-industrial interventions


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Agro-industrial stakeholders have declared support for a new scheme, “100 projects for EVERY 100 days,” put in place by the Central Bank of Nigeria (CBN) to stimulate agro-industrial activities, create employment opportunities and boost…

COVID-19: Stakeholders applaud CBN’s N100bn intervention fund for health sector


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Stakeholders in the health Sector have applauded Central Bank of Nigeria’s (CBN) N100 billion Pharmaceutical Intervention Fund for COVID-19 as N93 billion of the Fund has already been disbursed to beneficiaries. READ ALSO: CBN disburses…

Start-ups, SMEs: CBN to increase development finance interventions


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The Central Bank of Nigeria (CBN) has said that it will increase its development finance interventions to further support start-ups and Small and Medium Enterprises (SMEs) in the country. This was disclosed by the CBN Governor,…

CBN grants Lotus Bank non-interest banking license


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The Central Bank of Nigeria (CBN), the country's apex bank, has granted Lotus Bank Limited a non-interest banking license. This follows Lotus Bank’s plan to deliver an alternative option to interest-based banking and…

CBN unveils first rice pyramids in South-west Nigeria


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The Central Bank of Nigeria (CBN), the country's apex bank, has pushed for more private sector investment in Nigeria's agricultural value chain as it unveils the first rice pyramids in the South-western part of Nigeria under its Anchor…

Katsina: CBN unveils maize pyramids, inaugurates 2021 Wet Season Farming


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The Central Bank of Nigeria (CBN) has launched the first maize pyramids and flagged off the 2021 Maize Wet Season Farming under the Maize Association of Nigeria (MAAN)-CBN Anchor Borrowers' Programme in Katsina State, Northern Nigeria.…

CBN sacks directors of First Bank of Nigeria, FBN Holdings Plc; inaugurates new Board


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The Central Bank of Nigeria (CBN) has directed the immediate removal of all Directors of First Bank of Nigeria Ltd and FBN Holdings Plc. Mr Godwin I. Emefiele, Governor of the CBN (Nigeria's apex bank), announced this on…

CBN licenses 10 more international money transfer operators


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The Central Bank of Nigeria (CBN) has added 10 others to its existing list of licensed International Money Transfer Operators (IMTO) in the country, bringing their total number to 57. They include Swift Payment, Direkt Wire UK…