The Central Bank of Nigeria and the Federal Ministry of Finance, Budget and National Planning have denied knowledge of the claim that Nigeria printed N50-N60 billion last month to cushion its financial trouble.
The Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC) have introduced new charges for customers for the Unstructured Supplementary Service Data (USSD) services, effective March 16.
The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has said that the bank's decision to prohibit deposits money banks and other financial institutions from supporting cryptocurrency trading was in the best interest of Nigerians.
Despite the growing criticisms, Nigeria's apex bank, the Central Bank of Nigeria (CBN) has said that it will continue to do all within its regulatory powers to educate Nigerians to desist from the use of cryptocurrencies.
The Director, Development Finance, Central Bank of Nigeria (CBN), Yusuf Philip Yila, has said the apex bank had put in place several funding support initiatives to enable Micro, Small and Medium Enterprises (MSMEs) survive the COVID-19 pandemic and beyond.
The Nigeria Employers’ Consultative Association (NECA) has commended the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) for reducing the Monetary Policy Rate (MPR) from 13.5 percent to 12.5 percent.
The All Progressive Congress (APC) National Leader, Chief Bola Tinubu, on Sunday urged the Central Bank of Nigeria to reduce interest rates to avoid stifling domestic investment and income during the COVID-19 crisis.
Doors of good tidings have continued to open for Imo State as corporate bodies and other good-spirited groups keep responding to Governor Hope Uzodimma’s plea for assistance in the procurement of relief items to cushion the effect of the coronavirus lockdown in the state.