The Central Bank of Nigeria (CBN) has disclosed that Nigerian women have received credits from its interventions worth N203.31 billion as at January, 2022. According to Godwin Emefiele, the top bank governor, the Central Bank of Nigeria (CBN) has remained gender sensitive, dispensing N203.31 billion in loans as of January …
Read More »Forex: CBN Seeks IATA Support to Curb ‘Ticket Renting’ in Nigeria
The Central Bank of Nigeria (CBN) has called for the support of the International Air Transport Association (IATA) to curb ‘Ticket renting’ in Nigeria. Ticket renting is a nefarious activity where air tickets are being issued to unscrupulous persons for the fraudulent purchase of BTA and then voided once the …
Read More »Ecobank, Access, UBA, Others Grant N20.7 Trillion Loans to Customers in Six Months
Data generated from listed banks on the Nigerian Exchange Limited (NGX) have revealed that in sox months, 11 banks has granted N20.7trillion as loans & advances to customers. According to the report, Ecobank Transnational Incorporated (ETI) released N3.63trillion loans & advances to customers during the period under review. This was …
Read More »Foreign Reserves Drop by $424.8 Million in 10 days – CBN
The Central Bank of Nigeria (CBN) has said the nation’s foreign reserves dropped by $424.8million in 10 days to $33.79 billion as at June 17, 2021 from $34.22billion it commenced in June. Nigeria’s foreign exchange buffer $33.79 billion is the lowest since October 2017 as the apex bank sustained intervention …
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