The Central Bank of Nigeria (CBN) has directed commercial banks to start disbursing and receiving old naira notes in compliance with the Supreme Court’s directive. The Apex bank issued the directive, on Sunday night, after a meeting of the Bankers Committee. Godwin Emefiele, CBN Governor chaired the meeting. Gov Chukwumeka Soludo of Anambra State confirmed […]
The Central Bank of Nigeria (CBN) says it recorded N503 billion in repayment of loans under its Anchor Borrowers’ Programme (ABP), representing 52.39 per cent. Acting Director of Corporate Communications Department, Dr AbdulMumin Isa, announced this in a statement in Abuja on Monday. Isa said that the apex bank remained committed to its developmental mandate […]
By Our Correspondent The naira on Wednesday exchanged at 445.83 to the dollar at the Investors and Exporters window, depreciating by 0.01 per cent. This is against the N445.80 to the dollar it exchanged on Tuesday. The open indicative rate closed at N444.25 to the dollar on Wednesday. An exchange rate of N452 to the […]
By Oluwashina Iyanda The Nigerian economy sustained its growth performance in the first half of 2022 as its real gross domestic product (GDP) grew by 3.11 per cent from 0.51 per cent in the corresponding quarters of 2021. This is contained in the Half-Year-Activity Report of the Financial Department of the Central bank of Nigeria […]
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, on Wednesday announced plans by the Apex bank to redesign the N200, N500, and N1,000 notes. Emefiele made the announcement during a special press briefing in Abuja. He said that the redesign would take effect from Thursday, Dec. 15. He also said that existing […]
About one-third of the world economy is currently in recession due to the damaging effects of the COVID-19 pandemic and the ongoing war between Russia and Ukraine. CBN Gov. Godwin Emefiele The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele made this known in Abuja while addressing Foreign Affairs and Aviation stakeholders […]