The Central Bank of Nigeria has revealed a 63.7% per cent increase inflows from international money transfer operators for the first nine months of 2024. According to the latest quarterly statistical bulletin, remittances rose from $2.33 billion during the same…
Federation account receipts grew by 7.48% to N6.86 trillion in the third quarter of 2024, according to the latest Economic Report by the Central Bank of Nigeria (CBN). The increase was primarily attributed to higher collections from corporate and value-added…
Receipts into the federation account increased by 7.48% to N6.86 trillion in the third quarter of 2024, according to the latest Economic Report from the Central Bank of Nigeria. The report highlights that the increase in gross federation account earnings…
According to the Central Bank of Nigeria’s (CBN) Money and Credit Statistics data released this week, Broad Money Supply in Nigeria increased from N72.03 trillion in November 2023 to N108.96 trillion in November 2024. This growth, which represents a 51%…
According to the Central Bank of Nigeria’s Money and Credit Statistics data released on Monday, Broad Money Supply increased from N72.03 trillion in November 2023 to N108.96 trillion in November 2024. Driven by domestic borrowings from the private sector, Nigeria’s…
The Office of the Accountant General of the Federation (AOGF) has alleged that the Central Bank of Nigeria (CBN) misappropriated more than N4.4 trillion in interest charged on the Ways and Means advances provided to the government. According to the…
By Seun Ibiyemi Despite economic crunch in 2024, the Central Bank of Nigeria (CBN) implemented significant reforms aimed at stabilising and revitalizing the nation’s economy. These measures have been pivotal in addressing longstanding economic challenges and setting the stage for…
The Federal Government has accused the Central Bank of Nigeria of misappropriating N2.73 trillion in interest payments from Ways and Means advances, raising alarms over the management of public funds. The allegation was made in the Federal Government’s consolidated financial…
Investors’ subscription to Nigerian Treasury Bills surged from N23.51 trillion in 2023 to N38.08 trillion in 2024, according to a report by the Central Bank of Nigeria. This growth reflects increased demand for short-term government securities as the apex bank…
The Central Bank of Nigeria has attributed the significant decline in oil revenue for the third quarter of 2024 to ageing pipeline infrastructure and operational inefficiencies. According to the apex bank’s latest economic report for the third quarter of 2024,…
