CBN

The Central Bank of Nigeria (CBN) has revealed that the country’s monthly debt service rose by $31.46m in one month to $101.29m in January 2022. According to data released on debt service repayment, the apex bank stated that figures…

The Central Bank of Nigeria (CBN) has fined Access Bank, GTBank, UBA, and Stanbic IBTC for forex exchange violations. mNaija learnt that the total sum of N1.36 billion was debited from the accounts of the four banks during the 2021…

The Central Bank of Nigeria (CBN) has ordered Deposit Money Banks to stop bringing “composed banknotes” as part of their deposits with the apex bank. The warning is contained in a circular issued in Abuja by Ahmed Umar, the Director,…

Recently, we reported that NIRSAL Microfinance Bank (NMFB) has called for the repayment of COVID-19 loans given to households and businesses across the country. The loan was part of the Central Bank of Nigeria’s targeted credit…

The Central Bank of Nigeria (CBN) has announced that the total Currency in Circulation (CIC) in the country in 2021 was ₦3.33 trillion. mNaija reports that the CBN disclosed this in its money and credit report published on its website…

The Central Bank of Nigeria (CBN) has yet again urged citizens to embrace the new digital currency, eNaira. The apex bank had on Thursday, said that the introduction of eNaira in the financial system is to, among others, improve the…

The Minister of Humanitarian Services, Disaster Management and Social Development, Hajiya Sadiya Umar Farouq has reiterated the commitment of the federal government to give business start-up loans to interested and qualified exited N-Power…

The Central Bank of Nigeria (CBN) has disclosed that private sectors in the country has borrowed not less than N5.1 trillion from commercial banks in the year 2021. The apex bank in its Money and Credit statistics published on its…

Back in April 2020, the Federal Government of Nigeria introduced N50 billion Targeted Credit Facility (TCF)  stimulus package to support households and Micro, Small and Medium Enterprises (MSMEs) affected by the COVID-19 pandemic.…

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has inaugurated the Gerawa Rice Mill in Kano State. The state-of-the-art company can process up to 420 metric tons of rice per day. Speaking at the launch, Emefiele…

The Central Bank of Nigeria (CBN) has announced a guide for bank customers on how to file a complaint against their bank and other financial institutions when displeased. The financial institutions included in the list are commercial…

The Central Bank of Nigeria (CBN) has unveiled the Tertiary Institutions Entrepreneurship Scheme (TIES) designed to grant financial support to undergraduates and graduates with entrepreneurial skills. The CBN Governor, Mr Godwin…

The Central Bank of Nigeria (CBN) has announced the introduction of a policy on production and productivity (PPP) to be known as 100 for 100 PPP. The CBN wants to provide funds for interested and qualified private companies who will be…

In the light of awareness, the Central Bank of Nigeria (CBN) is trying to encourage Nigerians to further embrace the newly launched eNaira, revealing why it is better than cryptocurrencies. mNaija recalled that the new Nigerian digital…

The eNaira speed wallet is back on the Google Play Store after disappearing for hours. The apps were on October 27 reportedly missing. Sources confirmed that the sudden disappearance was due to necessary updates. The Central Bank of…

Nigeria which is the first in Africa has joined five other countries in the world to launch their own central bank digital currency called eNaira. The countries include the Bahamas, Saint Kitts and Nevis, Antigua and Barbuda, Saint Lucia,…

The Nigerian Central Bank Digital Currency (CBDC), known as the eNaira was officially unveiled yesterday by President Muhammadu Buhari and it's now live. The eNaira will serve as a digital legal tender and carries the same value as the…

The much anticipated Nigerian digital currency, e-Naira has finally been officially unveiled today at the country's State House in Abuja. mNaija recall that the Central Bank of Nigeria (CBN) had earlier announced that President Muhammadu…

The Central Bank of Nigeria, CBN, has announced that President Muhammadu Buhari will officially unveil the e-Naira on Monday, October 25, 2021. mNaija recalled that the CBN had on September 30 suspended the launch of its digital…

The Central Bank of Nigeria (CBN) has announced that it has received over 8 million loan applications for its COVID-19 targeted credit facility (TCF) and over 600,000 applications have already been processed and loan disbursed. Osita…