…As increased inflation rate may trigger another hike in rates ahead of next meeting More details have emerged from the last Monetary Policy Committee (MPC) meeting held in February that raised the Monetary Policy Rate (MPR) and Credit Reserve Ratio…
By Sodiq Adelakun The Central Bank of Nigeria has disclosed the upcoming 294th meeting of its Monetary Policy Committee (MPC), a pivotal gathering influencing the nation’s economic strategies. This announcement was conveyed through a document published on the bank’s website…
By Sodiq Adelakun A report from the Central Bank of Nigeria (CBN) has revealed that over the course of ten years, only 6.63 percent of the total N10.39 trillion loans disbursed to various sectors were allocated to intervention programs supporting Micro,…
The eleven Electricity Distribution Companies (DisCos) in Nigeria obtained a combined N273.34 billion loan from the Central Bank of Nigeria to purchase 414,000 meters and enhance their distribution capacity nationwide. This is contained in a recently released report from CBN…
By Sodiq Adelakun The Central Bank of Nigeria in a circular in Saturday has clarified that its donation of 2.15 million bags of fertilizers to the Ministry of Agriculture and Food Security is not a new intervention effort, but rather…
By Sodiq Adelakun The Central Bank of Nigeria issued a letter to all banks on Thursday regarding the impact of the recent foreign exchange (FX) policy reform. The letter reminded Nigerian lenders to be cautious when dealing with foreign exchange…
In a significant move to enhance food production across Nigeria, the Central Bank of Nigeria (CBN) has provided N100 billion worth of fertilisers to the Federal Ministry of Agriculture and Food Security. The handover, which took place on Wednesday at…
…As investors seek higher returns The Central Bank of Nigeria (CBN) has sold N161.5 billion worth of Nigerian Treasury Bills (NTBs) across various maturities at its auction on March 13, 2024. The sale indicates continuing confidence among investors in the…
President Bola Ahmed Tinubu has appointed a new board chairman for the Central Bank of Nigeria (CBN). President Tinubu appointed Ruby Onwudiwe as the new chairman to replace Orum Kalu Eke, who declined the nomination due to his engagement at…
The Ministry of Agriculture and Food Security has received 2.15 million bags of assorted fertilisers from the Central Bank of Nigeria (CBN). The assorted fertilisers would be distributed to farmers to curb food inflation in the country as well as…
