By Matthew Denis Abuja The Minister of Finance Budget and National Planning Dr Zainab Shamsuna Ahmed has stated that the Ministry in collaboration with the Central Bank of Nigeria, Nigerian Deposit Insurance Corporation and other relevant Government agencies has made…
Nigeria’s foreign reserves have fallen by $2.202 billion to $38.318 billion as of September 29, 2022, from $40.520 billion as of December 31, 2021. This is a 5.42% decrease in foreign reserves. Despite rising oil prices this year, Nigeria’s foreign…
A total sum of N3.7 trillion out of N9. 3 trillion funds disbursed for intervention schemes of the Central Bank in the last four years has been recovered by the apex bank from beneficiaries. According to the Director of Development…
The Central Bank of Nigeria (CBN) has stated that the eNaira application has so far recorded a total of 905,588 downloads. However, only 282,600 are currently active. This was revealed by the Governor of the CBN, Mr. Godwin Emefiele,/ during…
The Central Bank of Nigeria (CBN) says its Monetary Policy Committe (MPC) decision to increase Monetary Policy Rate (MPR) is to control rising inflation. Hassan Mahmoud, CBN’s Director, Monetary Policy Department said this on Wednesday at a post-MPC briefing tagged:…
…Decision poses negative impact on equities — Security experts …Wrongly timed, won’t tame inflation, will rather hurt investors, businesses — CPPE …Rate hike will cut down borrowing, address rising liquidity — Chizea By Seun Ibiyemi and Ariemu Ogaga Again the Central Bank of…
The Central Bank of Nigeria has stated that it will implement aggressive cash reserve requirement “CRR” measures by mopping up liquidity from commercial banks by Thursday latest. He warned banks to fund their accounts immediately. This was revealed by CBN…
The Central Bank of Nigeria (CBN) has informed foreign airlines that the apex bank is not compelled by any law to provide dollars to airlines. Central Bank governor, Mr. Godwin Emefiele, stated this at today’s monetary policy committee meeting. The…
As the Central Bank of Nigeria (CBN) holds its Monetary Policy Committee (MPC) meeting on Monday, some stakeholders project a hike in policy rates. This is against the backdrop of global monetary policy trend, which has seen the American Central…
The introduction of the “Race to $200 billion in FX Repatriation” (RT200 FX) by the Central Bank of Nigeria (CBN) has spurred significant improvement in Nigeria’s export remittances, the apex bank has revealed. The Principal Manager, Trade and Exchange Department,…
