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Nigeria Records $2.8m balance of payment surplus

Nigeria’s provisional Balance of Payments (BOP) estimates for the fourth quarter (Q4 2018) showed a significant improvement as it recorded a surplus of $2.80...

CBN intervenes with $269.92m, CNY31.34m in retail SMIS, mop-up N808.96bn

In continuation of its periodic intervention in the inter-bank segment of the foreign exchange market, the Central Bank of Nigeria (CBN) on Friday, March...

CBN, EFCC may bar culprits from opening bank accounts

Officials of the Central Bank of Nigeria and their counterparts in the Economic and Financial Crimes Commission met on Thursday, with the aim of...

CBN, EFCC seal information-sharing deals on economic crimes

The Central Bank of Nigeria (CBN) and the Economic and Financial Crimes Commission (EFCC), yesterday, agreed to cooperate, under the inter-agency framework, to strengthen...

Emefiele: CBN-backed MFB will provide funds at 5% interest

The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has disclosed that the NIRSAL Micro Finance Bank (NMFB) will provide loans...

Currency dealers back CBN’s policies

The Association of Bureaux De Change Operators of Nigeria (ABCON) has expressed its support for the Central Bank of Nigeria’s (CBN) monetary policy and...

CBN governor restricts forex for textile products

Central Bank of Nigeria (CBN) Governor Godwin Emefiele yesterday described as wicked his alleged removal from office. He insisted that he had not received...

Political spending: Commercial banks borrow N6.65trn from CBN in 2 months

Amid political spending, Commercial banks in the country have borrowed N6.65 trillion from Central Bank of Nigeria (CBN) in two months of 2019, our...

CBN’s collaboration with NIPOST, threat to MfB operators – MD, Lapo...

Story by Kayode TokedeThe Managing Director, Lapo Microfinance Bank Limited, Mr. Godwin Ehigiamusoe has said, the Central Bank of Nigeria (CBN’s) collaboration with Nigerian...

CBN’s PMI report indicts economic expansion dips in February

The Central Bank of Nigeria (CBN) on Wednesday released its Purchasing Managers Index (PMI) report for February which indicated slowdown in economic expansion during...
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