The Central Bank of Nigeria (CBN) should establish clear economic pillars to drive growth, stability, and development. These pillars can serve as a roadmap for Nigeria’s economic progress. Macroeconomic Stability, Financial Inclusion, Agricultural Development, Industrialization, Infrastructure Development, Human Capital Development,…
President Bola Tinubu has hailed what he said is the disciplined approach adopted by the Central Bank of Nigeria (CBN) to monetary policy management which he said is responsible for ensuring stability and predictability in foreign exchange market. This discipline,…
The Central Bank of Nigeria (CBN), says it is partnering with Microfinance Banks (MFBs), to enhance financial inclusion to stimulate growth of Micro, Small and Medium Enterprises (MSMEs) in the country. CBN Controller, Yola Branch, Sah Nyashi said this during…
The Federation Allocation Accounts Committee (FAAC) has deducted N622.75 million over a 15-month period to repay loans disbursed to farmers under the Central Bank of Nigeria’s (CBN) Anchor Borrowers Programme. The Anchor Borrowers Programme, launched by the CBN in November…
By Seun Ibiyemi The Central Bank of Nigeria (CBN) under Governor Yemi Cardoso has seen a significant boost in Nigeria’s banking reserves, reaching N26.8 trillion in August 2024, up from N19.4 trillion a year earlier. This surge follows the CBN’s…
The Central Bank of Nigeria (CBN), says it is partnering with Microfinance Banks (MFBs), to enhance financial inclusion to stimulate growth of Micro, Small and Medium Enterprises (MSMEs) in the country. Mr Sah Nyashi, CBN Controller, Yola Branch, said this…
The Central Bank of Nigeria (CBN) says it has provided additional 20,000 dollars each to eligible Bureau de Change at an exchange rate of N1,590. This is to further boost foreign exchange liquidity. Dr Wiliam Kanaya, CBN’s Acting Director, Trade…
…Decision to further tighten interest rate unanimous — Cardoso …MPR hike will slow down investments, economic growth — Experts By Seun Ibiyemi The Central Bank of Nigeria (CBN) raised its Monetary Policy Rate (MPR) by 50 basis points on Tuesday,…
By Matthew Denis In a significant move to address rising inflation, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has increased the monetary policy rate (MPR) from 26.75 percent to 27.25 percent. The decision was announced…
The Central Bank of Nigeria has reduced the cybersecurity levy on electronic transactions from 0.5 percent to 0.005 percent according to its new fiscal guidelines for 2024-2025. “The CBN shall continue to enforce the payment of the mandatory levy of…
