Nigerian manufacturers are experiencing a pileup of inventory of finished goods due to low purchasing power of Nigerians, the Purchasing Managers Index (PMI) of the Central Bank of Nigeria (CBN) has shown. A Monetary Policy Committee (MPC) member, Folashodun Shonubi,…
By Kayode Tokede The Central Bank of Nigeria (CBN) with its stakeholders outlined its digital currency initiative via a private webinar held today. The CBN Governor, Godwin Emefiele had earlier announced that the bank will be working on a central…
The Chairman Senate Committee on Banking Insurance and other Financial Institutions, Senator Uba Sani at the weekend disclosed that the Senate would push and ensure that both the Nigerian Deposit Insurance Corporation (NDIC) and the Central Bank of Nigeria (CBN)…
By Kayode Tokede The Central Bank of Nigeria (CBN) has partnered with some cyber security stakeholders to launch a new cyber awareness campaign tagged ‘# NoGoFallMaga.’ The initiative was launched in collaboration with Committee of Chief Information Security Officers of…
…Analysts blame hike in borrowing on revenue shortfall …Govt borrowing from bank is less productive — Former President, CIBN By Uthman Salami & By Ogaga Ariemu, Abuja On the heels of government borrowing to finance budget, the Central Bank of…
By Kayode Tokede The Central Bank of Nigeria (CBN) has restricted the importation of sugar to three companies due to their backward integration programmes. The companies are Dangote Sugar Refinery Plc, BUA Sugar Refinery Limited, and Golden Sugar Company –…
The Central Bank of Nigeria (CBN) on Monday said it is developing a Tertiary Institutions’ Entrepreneurship Scheme (TIES) to re-orientate, train and finance entrepreneurship ideas by Nigerian graduates. The CBN Governor, Dr Godwin Emefiele, stated this in a goodwill message…
By Kayode Tokede With growing credit to the real sector, the Central Bank of Nigeria (CBN) has disclosed that financial system total assets increased to N53.17trillion in April 2021. The Deputy Governor, Financial System Stability, CBN Aishah Ahmad, in her…
The Central of Nigeria (CBN) has released the Guidelines for the Licensing and Regulation of Payment Service Banks (PSBs) in Nigeria. Information obtained in the apex bank’s website indicated that the guidelines was first issued in 2018 and revised in…
By Aanuoluwapo Olaleye, Abuja The Central Bank of Nigeria (CBN) on Monday began preparing the Nigerian financial sector, through a Town Hall meeting, to take full advantage of the African Continental Free Trade Area (AfCFTA) Agreement. The meeting, organised via…
