An economist, Prof. Mike Obadan, says the “Naira-4-Dollar’’ scheme introduced by the CBN on March 5, 2021 to attract Foreign Exchange is achieving desired results. Obadan, a non-Executive Director/Member, Monetary Policy Committee, CBN, said this in Akure while answering questions…
By Seun Ibiyemi The Nigeria Customs Service (NCS), on Thursday, said that it has not yet accepted the introduction of the e-valuator and e-invoicing for import and export businesses in Nigeria, otherwise known as benchmarking of the price of imported…
The Senate at the Wednesday plenary confirmed the nomination of seven members of the Monetary Policy Committee of the Central Bank of Nigeria (CBN). The confirmation of the nominees followed the consideration of a report of the Committee on Banking,…
Heritage Bank Plc, Lagos Commodities and Futures Exchange (LCFE) and other participating financial institutions explored opportunities on export revenue from the Commodities Ecosystem as part of its support to the Central Bank of Nigeria’s (CBN) to raise $200billion in foreign…
…CRR was retained at 27.5% The Monetary Policy Committee of the Central Bank of Nigeria has voted to hold all monetary parameters constant, keeping the benchmark interest at 11.5% despite growing inflationary pressure in the country. This was disclosed by…
The Central Bank of Nigeria (CBN) has stated that it is prepared to intervene in order to ensure that fuel is readily available in Nigeria. The Governor of the Central Bank of Nigeria, Godwin Emefiele, made the announcement on Monday…
The Central Bank of Nigeria (CBN) has given a sum of N159.21 billion to 330,128 women under the Targeted Credit Facility (TCF) designed to support household and Micro, Small and Medium Enterprises (MSMEs) affected by the COVID-19 pandemic. This was…
In a bid to ease huge cash management and deepen financial inclusion, the Central Bank of Nigeria (CBN) has released guidelines for the operation of the Bank Neutral Cash Hubs (BNCH). According to a statement on its website, the CBN…
The Federal Government in collaboration with the Central Bank of Nigeria (CBN), has concluded plans to give financial empowerment to 75,600 batches A and B beneficiaries of N-Power programme. The Minister of Humanitarian Affairs, Disaster Management and Social Development, Hajia…
The Central Bank of Nigeria (CBN) stated that commercial banks’ non-performing loans (NPLs) levels in Nigeria fell below 5per cent to 4.94per cent at the end of December 2021, for the first time in about a decade. This was disclosed…
