Page 2 - Anchor Borrower Programme News Today

The Anchor Borrowers’ Programme under the Development Finance Department of the Central Bank of Nigeria is dogged by corruption, sources told SaharaReporters.   Sources told SaharaReporters how the development finance department of the CBN under its former director, Yusuf Philip Yila gave contracts to cronies and paid for fake purchases under the programme.  

Archbishop of the Anglican Communion, Kaduna Diocese, Bishop Timothy Yahaya, has lamented how Nigerians are blessed with both human and natural resources but

Commercial banks have sent messages to customers after receiving instructions from the federal government to set a date for the commencement of customer debits.

From January 31, 2024, Nigerian banks will charge customers stamp duty on old foreign transactions between January 2021 to December 2023 in a recent directive

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The central bank of Nigeria has directed that all funded accounts without BVN/NIN be restricted with no further transactions permitted from March 1st 2024

The Central Bank of Nigeria (CBN) may have discreetly redeployed top officials in the apex bank as part of moves to reinvigorate the institution.

The central bank of Nigeria has given order to banks on the issuance and acceptance of old and new notes in the country in a directive to banks in the country

A German-Nigerian financial technology company, BEREE is acquiring non-performing loans in Union Bank and refinancing them with $40 million after exiting NGX.

The CBN should revisit the currency swap arrangement with China to a scale that significantly reduces the dependence on US dollars