Central Bank of Nigeria

Nigerian banks budget N300b loan to SMEs, agric sector

The Bankers Committee said it had set a target of N300 billion to boost lending…

CBN tightens forex rules, dollar hits record N260

Nigeria's central bank on Friday revised the rules for operating retail bureaux de change in…

CBN gives banks ultimatum to support SMEs

Mr Godwin Emefiele, the Governor of CBN, says the apex bank may not release funds…

Nigeria’s reserves in slight fall, stocks hit 3-year low

Nigeria's foreign exchange reserves fell to $30.04 billion by Nov. 26 from $30.

Naira gains as CBN enforces forex rules

The Nigerian naira strengthened 2.1 percent to 235 per dollar on the unofficial market on…

Nigeria cuts interest rate, first in six years

Nigeria's Central Bank has cut the benchmark interest rate to 11 percent from 13 percent.…

3 Nigerian banks fail capital adequacy tests

Nigeria's central bank has given three commercial banks until June 2016 to recapitalise after they…

CBN orders banks to build cash buffers against bad loans

Nigeria's central bank has ordered commercial lenders to double provisions on performing loans to 2…

N50b Bailout: Sort yourself out with CBN, APC tells Gov. Wada

The All Progressives Congress (APC) has described as cheap blackmail the decision by the Kogi…

CBN fines Skye Bank N4b for hiding govt accounts

The Central Bank of Nigeria (CBN) has imposed a fine of N4 billion on Skye…