The rising inflation rate will force Nigerian households to spend the largest amounts of their earnings on food in the next six months, a recent survey by the Central Bank…
Read More Inflation: Nigerians to spend 54.9% income on food in next six months – CBN
The Central Bank of Nigeria (CBN) has terminated the appointments of the board and executive directors of the Nigeria Incentive-Based Risk Sharing System for Agriculture Lending (NIRSAL). The development was…
Read More CBN sacks NIRSAL MD, directors
The Central Bank of Nigeria (CBN) has reported a significant increase in remittance inflows, reaching $553m in July 2024, a 130 per cent increase from the corresponding period in 2023.…
Read More CBN reports high remittance inflows of $553m for July 2024
The Central Bank of Nigeria (CBN) has reintroduced the publication of several key economic reports, reaffirming its commitment to fostering transparency and accountability in the Nigerian economy. A statement signed…
Read More CBN re-introduces publication of key economic reports
The Central Bank of Nigeria (CBN) has approved a financial package of N700 billion to support the proposed merger between Unity Bank Plc and Providus Bank Limited. In a letter…
Read More CBN approves N700bn bailout for Unity, Providus banks’ merger
