The Central Bank of Nigeria (CBN) conducted three rounds of Nigerian Treasury Bills (NTBs) auctions worth N532.5 billion in September, analysis of the primary market auction sheets showed. The breakdown showed offer of N203.2 billion on only the 364-day instrument…
By Sodiq Adelakun The Central Bank of Nigeria’s (CBN) FX policy programme, known as RT 200, has led to a significant increase of 91.21 percent in net foreign exchange inflow through the autonomous market over the past five months. This…
The National Economic Council on Thursday affirmed that the $3bn emergency loan-for-crude oil the Federal Government secured in August would be deployed to stabilise the naira, whose value has continued to fluctuate in the Investors & Exporters’ window and worsened…
Sen. Abdullahi Gumel, the Senior Special Assistant to the President on National Assembly Matters (Senate), says the appointment of a new management team for the Central Bank of Nigeria (CBN) is to rejig the bank and make it alive to…
Nigerian Presidential Adviser on Economic Affairs Tope Fasua has urged the Central Bank of Nigeria (CBN) to reduce the number of bureau de change (BDC) operators in the country by 95 percent, from over 5,000 to about 200. Fasua, a…
Data from the Central Bank of Nigeria (CBN) Money and Credit Statistics has revealed that credit to government has appreciated by 55.07 per cent YoY from N20.97 trillion reported in August 2022, while credit to private increased by 36.21 per…
In a slight twist of fate, the money supply in Nigeria experienced a subtle decline in August 2023. M1, also known as narrow money, slipped by 0.56 percent to N24.02 trillion, while M3, a broader measure of money supply, dipped…
The second edition of the International Financial Inclusion Conference (#IFIC2023) Nigeria’s flagship Financial Inclusion event is scheduled to hold on the 5th & 6th of October 2023 at the Landmark Event Center, Lagos, themed: “Financial Inclusion for All: Global Insights…
In a rare turn of events, the Central Bank of Nigeria (CBN) has once again postponed its highly anticipated Monetary Policy Committee (MPC) meeting. This marks the second time in history that such a delay has occurred, leaving many curious…
By Seun Ibiyemi The CBN on Wednesday in Abuja unveiled a new online platform for the submission licence applications by microfinance banks. Its Director, Corporate Communications, Mr Isa AbdulMumin, said the platform, known as the CBN Licensing, Approval and Other…
