Central Bank of Nigeria

President Muhammadu Buhari says the directive to the Central Bank of Nigeria to stop providing foreign exchange for food importation was to improve agricultural production and attain full food security. Malam Garba Shehu, the President’s…

The Central Bank of Nigeria (CBN) has ordered lending institutions under its regulation to obtain the credit history of customers before giving out loans to them. The apex bank disclosed this order in its consumer protection guidelines…

Nigeria’s Manufacturing Purchasing Managers’ Index (PMI) for July stood at 57.6 index points, the Central Bank of Nigeria (CBN) said. According to the apex bank in its July PMI, the expansion in the manufacturing sector is for the 28…

The Nigeria Employers’ Consultative Association (NECA) has urged the Central Bank of Nigeria (CBN) to review and suspend the planned restriction of foreign exchange (Forex) for milk importation into the country. According to NECA, going…

Vice President Yemi Osinbajo has again reassured that Nigeria’s future is bright going by the progress being made by the Micro, Small and Medium Enterprises (MSMEs). He spoke, on Thursday night, during the 2nd National MSME Awards 2019…

An agriculturist, Mr Yahaya Abdullahi, says Nigeria has the potential for production of milk and other dairy products to meet local and foreign demands. Abdullahi, Kaduna State Coordinator, World Bank assisted project called…

The Central Bank of Nigeria (CBN) has defended its policy restricting foreign exchange access to importers of milk. In a statement, the CBN said there were attempts  by some interests, who feel hurt by the planned policy aimed at…

At N2.158tn, currency-in-circulation, on month-on month basis, rose by 0.3 per cent at end-April 2019, the Central Bank of Nigeria has said. The apex bank said this in its first quarter report on currency-in-circulation…

The Central Bank of Nigeria (CBN) sold $4.47 billion forex to authorised dealers between April and May. The CBN’s May report on foreign exchange market developments stated that, “The bank continued to intervene in the foreign exchange…

The Central Bank of Nigeria has barred banks from buying bills for their own accounts at an open market auction held on Thursday, a move intended to force them to lend rather than invest in government debt, traders said on Friday.…