The Central Bank of Nigeria injected $3.36bn into the foreign exchange market in two months as part of efforts to ensure the stability of the naira. Figures obtained from the CBN’s January monthly report on ‘Foreign Exchange Market Developments’ showed…
City to encourage and simplify vehicle ownership for personal use by millions of Nigerians, First Monument Bank (FCMB) now offers auto loans of up to N30 million at a reduced interest rate. The FCMB auto loan supports acquiring brand new…
Nigeria’s Policy Efforts portend well for meeting the Sustainable Development Goal (SDG) 13 on climate action by 2030. However, risks abound, the African Development Bank (AfDB) economic report reveals. The AfDB’s African Economic Outlook 2022 unveiled at the Bank’s Annual…
The Ecobank Transnational Incorporation (ETI), the parent company of the Ecobank Group, has paid out a total dividend of 40 million dollars to shareholders. The Group Chief Executive Officer (CEO) and Executive Director of ETI, Ade Ayeyemi, made the disclosure…
The Central Bank of Nigeria (CBN) has set criteria to be met by Other Financial Institutions (OFIs) to qualify for enrollment onto the Credit Risk Management System (CRMS). Mr Chibuzo Efobi, Director, Financial Policy and Regulation Department, said this in…
The CBN says online media reports purporting the sacking of the bank’s Governor, Mr Godwin Emefiele, is untrue. Head of Corporate Communications at the CBN, Osita Nwanisiobi, made the rebuttal on Wednesday in Abuja when he spoke with journalists Emefiele…
The new Statistician-General (S-G) of the Federation, Prince Semiu Adeniran, says the bureau will expand its scope to produce data on migration, Internally Displaced Persons (IDPs) and security. Adeniran made this commitment while taking the Oath of Office and Secrecy…
The Naira on Tuesday, exchanged at 419.00 to the dollar at the Investors and Exporters window, compared to 420.23 traded on Monday, representing 0.32 per cent appreciation. The open indicative rate closed at N418.00 to the dollar on Tuesday. An…
…Says Nigeria still in JP Morgan’s bond index By Seun Ibiyemi The Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate (MPR) to 13 per cent for the first time in over two years. The Governor of CBN, Mr…
The Institute of Chartered Accountants of Nigeria (ICAN) and the Bank of Industry (BOI) have inaugurated an “ICAN-BOI Tech Hub,” to promote job creation, entrepreneurship and skill development in the technology space. The tech hub was inaugurated on Tuesday at…
