By Kayode Tokede The Central Bank of Nigeria (CBN) has disclosed the country’s foreign reserves dropped by $547.9million in first two months of 2021. The foreign reserves have been on consciously decline steady in global oil price, according to Organization…
By Kayode Tokede Deposit Money Banks (DMBs) and merchant banks through the Standing Deposit Facility (SDF) deposited N972.23billion in two months with Central bank of Nigeria (CBN), our correspondent can report. According to the apex bank, a total of N453.5billion…
…Disburses N499.01bn to 15 interventions in 3 months By Kayode Tokede A member of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), Professor of Economics, University of Ibadan, Festus Adenikinju has backed the federal government plans…
The Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) have agreed to collaborate and conduct research with a view to finding ways of regulating the Cryptocurrency market. They said this at a virtual lecture organised by…
By Kayode Tokede The Central Bank of Nigeria (CBN) in line with its mandate to promote financial system stability, has issued the Regulatory Framework for Open Banking in Nigeria. According to document accessed by our correspondent, “The framework establishes principles…
By Kayode Tokede The Central Bank of Nigeria (CBN) has mandated commercial banks to open new dollar account with offshore lenders for receiving international money transfers. The directive was disclosed by WorldRemit- an International Money Transfer Operators (IMTO) player to…
By Kayode Tokede The Central Bank of Nigeria has disclosed that Deposit Money Banks (DMBs) and merchant bank through the Standing Deposit Facility (SDF) average deposit dropped by N21.87billion in 2020. The economy half-year activity report of the apex bank…
The Central Bank of Nigeria (CBN) has disclosed that it defended naira with $10.31billion as at half year ended June 2020. The apex bank in its half-year activity report on Wednesday said it continued with its intervention in the inter-bank…
By Joshua Elekwachi, Abuja The Association of Capital Market Academics of Nigeria (ACMAN) has urged the Central Bank of Nigeria (CBN) to scale up interventions in the agriculture sector to stem the rising inflation figure.ACMAN President, Prof. Uche Uwaleke, said…
By Kayode Tokede The Central Bank of Nigeria (CBN) has disclosed that the federal government spent a total of $9.76 billion on debt services between 2015 and 2020. The breakdown by CBN revealed that $1.3 billion was spent on debt…
