Posted on Sat 28 Nov 2020, 03:43 PM

The Governor of Central Bank, Mr Godwin Emefiele, on Friday expressed optimism that Nigeria could emerge from recession by the first quarter of 2021.

He also projected a GDP growth of 2.0 percent in 2021.

Emefiele spoke at the 55th Annual Bankers Dinner organised by the Chartered Institute of Bankers of Nigeria (CIBN) in Lagos.

The News Agency of Nigeria (NAN) reports that the first ever blended bankers dinner where participants joined both physically and virtually, was powered by CBN, all Nigerian Banks and Nigeria Deposit Insurance Commission.

Posted on Fri 6 Nov 2020, 10:07 PM

A federal high court in Abuja on Friday, granted the request of the Central Bank of Nigeria to freeze the accounts of 19 individuals and a public affairs company linked to the #EndSARS protesters.

Channels Television reports that the request, granted by Justice Ahmed Mohammed, was filed by the CBN on October 20.

Posted on Thu 29 Oct 2020, 01:25 PM

The Central Bank of Nigeria (CBN) has released guidelines for implementation of the proposed N75 billion Nigeria Youth Investment Fund (NYIF).

CBN, in a statement by its Development Finance Department, stated that the fund was a built-in strategy to effectively respond to the challenge of youth employment in Nigeria.

The Fund, an initiative of the Ministry of Youth and Sports Development, is to be managed by NISRAL Microfinance Bank.

It stated that the major objective of the plan was to address fragmentation of youths initiatives that prevent assessment of impact.


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