By Kayode Tokede The Central Bank of Nigeria (CBN) has disbursed N14.35 billion to electricity distribution companies (DisCos) to procure 263,860 meters for electricity consumers in the country. This was disclosed on Thursday, via the official twitter handle of the…
By Kayode Tokede Naira traded flat at N379 against the dollar at the interbank market of the Central Bank of Nigeria (CBN) on Tuesday. However, the local currency at the Investors & Exporters Foreign Exchange (I & EFX) window, the…
By Kayode Tokede About 300,000 metric tonnes of maize are soon to be released into the Nigerian market from strategic anchors under the Anchor Borrowers’ Programme (ABP) of the Central Bank of Nigeria (CBN), which watchers believe will reduce the…
Analysts have said Nigeria’s benchmark Monetary Policy Rate (MPR) has been predicted to rise by 200 basis points to 13.5 per cent in 2021, up from the 11.5 per cent it is presently. Bloomberg Economics made the prediction in the…
By Kayode Tokede The Central Bank of Nigeria (CBN) has released the Framework for regulatory sandbox operations, to ensure the safety and stability of the Nigerian Financial System, among other things and framework Quick Response (QR) code payments. On regulatory…
By Kayode Tokede The Central Bank of Nigeria (CBN) has said currency in circulation hit all-time high at N2.91 trillion in December 2020. The reported data by CBN in December is however, 29.3 per cent and 9.4 per cent Year-on-Year…
By Kayode Tokede The Central Bank of Nigeria (CBN) has made commitment to support Nigeria Customs Service (NCS) to promote technology driven service to boost the nation’s economy. The NCS Public Relations Officer, Mr Joseph Attah made this known in…
The Association of Bureaux De Change Operators of Nigeria (ABCON), on Tuesday, urged the Central Bank of Nigeria (CBN) to continue to stabilize the foreign exchange rates for economic growth. Alhaji Aminu Gwadabe, ABCON President, gave the advice in an…
By Kayode Tokede Banks and Merchant Banks operating in Nigeria deposit with Central Bank of Nigeria (CBN) dropped by 38 per cent to N7.25trillion in 2020, our correspondent can report. However, in 2019, banks and merchant banks deposited N11.66trillion with…
