The Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, has been elected as the Chairman of the International Islamic Liquidity Management Corporation. In a statement on Friday, the CBN said...

The Central Bank of Nigeria has charged Deposit Money Banks in the country to work towards salvaging the distressed economy as the role of returning it to normalcy remains their responsibility owing to...

The Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele has disclosed that the apex bank, under its Commercial Agricultural Credit Scheme (CACS) has over N250 billion which has not been fully disbursed...

The Central Bank of Nigeria is unlikely to reduce the benchmark interest, investigation has shown. Experts, however, disagree with this position. Also, as economic recession continues to hit the country,...

The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday called on the Federal Government to urgently evaluate the level of its domestic indebtedness and develop a framework for settling...

The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday called on the Federal Government to urgently evaluate the level of its domestic indebtedness and develop a framework for settling...

The Federal Government has proposed an amendment to the Foreign-Exchange Act to enable the imprisonment of anyone who holds foreign currencies, especially the dollar, for more than 30 days. This is...

The scarcity of foreign exchange will remain challenging in the second half of 2016 due to low oil prices, which may push up credit risks for commercial banks as naira weakness makes loans harder to service,...

Nigeria’s foreign exchange reserves fell to $24.59bn by September 28, down 3.37 per cent from the previous month, the latest Central Bank of Nigeria data showed on Friday, as the bank stepped up its...

Mr Godwin Emefiele, Governor of Central Bank of Nigeria (CBN), on Thursday, gave 600 bags of rice to Internally Displaced Persons (IDPs) in Maiduguri. Emefiele, represented by Alhaji Ishaku Ibrahim, the...