Banking and Finance

Central Bank of Nigeria (CBN) Governor Godwin Emefiele, on Thursday, appealed to manufacturers and other players in the construction industry to immediately crash the prices of building materials to enable the government and the citizens enjoy the gains of a modernised nation…

The Central Bank of Nigeria (CBN) has cautioned Nigerians against seeking credit facilities from loan sharks for financial purposes. CBN Governor, Godwin Emefiele, gave the warning while addressing reporters at the end of the Monetary Policy Committee meeting held on Tuesday in Abuja.…

The Central Bank of Nigeria’s Monetary Policy Committee on Tuesday retained the Monetary Policy Rate (MPR) at 11.5% and kept all other parameters unchanged. CBN Governor Godwin Emefiele made the announcement while addressing journalists at the bank’s headquarters in Abuja. The MPR, which…

The Central Bank of Nigeria (CBN) yesterday said effective February 1, 2022, all import and export operations would require the submission of an electronic invoice (e-invoice) authenticated by Authorised Dealer Banks (ADBs) on the Nigeria Single Window Price Portal – Trade Monitoring…

The International Monetary Fund has said it is set to launch a $50bn trust fund for low-income and vulnerable middle-income countries to help them build resilience to balance of payments shocks and set them on the path to sustainable recovery before the…

The Nigerian Postal Service (NIPOST) has said it will begin its super-agency banking operations throughout the country by March 2022. Post-Master General of the Federation, Dr Ismail Adebayo Adewusi disclosed this at a press briefing in Abuja on Tuesday. “In 2019, it (NIPOST)…

The Central Bank of Nigeria (CBN) has empowered at least 4,489,786 farmers through intervention financing, leveraging its flagship programme, the Anchor Borrowers’ Programme (ABP). The CBN Governor Mr. Godwin Emefiele, disclosed, on Tuesday, this at the unveiling of the FCT mega rice…

President of Dangote Group, Aliko Dangote, has charged African leaders and citizens to be united in the promotion of the continent’s intrinsic greatness through improved trade relations amongst African countries. Dangote gave the charge in Accra, Ghana at the formal launch of…

Parallex Microfinance Bank Limited has said it has upgraded to a commercial bank, having received approval from the Central Bank of Nigeria. Its Chairman, Board of Directors, Dr Adeola Phillips, said the transition to a commercial bank would support the growth of the…