CBN

Nigeria foreign trade hits $1.1bn 

By Seun Ibiyemi Nigeria’s foreign trade balance leapfrogged to a surplus of $1.1 billion in Q4 2021, as export value surpassed import bill for the first time since Q3 2019, representing 8 consecutive quarters of negative trade balance. This is…

eNaira’ll help manage inflation — CBN

The Central Bank of Nigeria (CBN), last week said that the introduction of eNaira in the financial system is to, among others, improve the effectiveness of monetary policy in managing inflation as well as in driving economic growth in the…

Money laundering: CBN opposes new laws

The Central Bank of Nigeria on Thursday kicked against plans by the Senate to enact new anti-money laundering laws without required amendments on the existing Money Laundering (Prevention) Act 2011. The CBN Governor, Godwin Emefiele, made the position known during…