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As part of efforts to address fraudulent financial activities of some dubious characters, the management of the Central Bank of Nigeria (CBN)

By Lydia Ngwakwe Lagos, June 10, 2021 The Central Bank of Nigeria (CBN) has reiterated its commitment to being people-centred and meeting the needs of the Nigerian people. Mr Osita Nwanisobi, Acting Director, Corporate Communications Department, CBN made the assertion on Thursday at the opening of a two-day CBN fair,

Speaking at the bank’s special day at the ongoing 42nd Kaduna International Trade Fair yesterday, Mr. Osita said the bank also reduced its interest rate on CBN intervention loans from 9 to 5 percent and initially created a N150 billion Targeted Credit Facility (TCF) for affected households and SME’s through the NIRSAL microfinance Bank. Represented by the Branch Controller, Kaduna, Ahmed Mohammed Wali, he said the fund has since been increased in order to accommodate more beneficiaries, boost consumer expenditure and positively impact output growth. He noted that the Anchor Borrowers’ P...

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Naira notes The Central Bank of Nigeria (CBN) has cautioned the public against abuse of the country’s currency, describing naira as pride of the nation. Speaking at the CBN Fair at Dora Akunyili Women Development Centre, Awka, Anambra State, yesterday, the Principal Manager, Currency Operations Department, Mrs. Dorothy Onyene, cautioned traders, farmers and other Nigerians to stop rough-handling the naira notes in circulation. Onyene frowned on the manner Nigerians mutilate, fold, deface and even use the naira as jotter. She added: “It is a punishable offence to abuse the naira. Default...