By Seun Ibiyemi The Central Bank of Nigeria has announced that the increase of interest rates in advanced economies will not affect the Nigerian economy as the funds released in these economies through stimuluses did not flow into Nigeria. This…
By Seun Ibiyemi The Central Bank of Nigeria has stated that individuals in need of funds don’t need to know anybody to collect loans from banks, and should desist from borrowing from loan sharks. This was disclosed by the CBN…
The Governor of the Central Bank of Nigeria (CBN), has said that the financial institutions under its jurisdiction will accept the Pan-African Payment and Settlement System (PAPSS) and recommend it to businesses across Nigeria. Mr Godwin Emefiele said this during…
By Seun Ibiyemi The Central Bank of Nigeria is forecasting a Gross domestic product (GDP) growth rate of 3.2% in 2022. This is according to CBN Governor Godwin Emefiele. Mr. Emefiele made this remark as part of his personal statements at…
The Central Bank of Nigeria has said that the banking sector will increase access to loans for Nigerian households and businesses in 2022. This was disclosed by Governor of the Central Bank of Nigeria, Godwin Emefiele, in a statement made…
The Bankers Committee will, in 2022, be focusing on supporting the Central Bank and the government in developing the infrastructure of the country, according to the Governor of the apex bank, Mr Godwin Emefiele. Emefiele told journalists at the end of the…
CBN says $700 million has been invested into the country’s payment system by Nigerian founders between 2015 and 2020. Godwin Emefiele disclosed this at the 2021 annual Bankers’ Committee retreat in Lagos, which held with the theme, ‘Building Resilience for…
In a bid to meet high demand amid poor production capacity of wheat, the Central Bank of Nigeria earmarked a whopping sum of N41billion, which is being disbursed by Heritage Bank Plc to farmers across multiple States for the expansion…
The Central Bank of Nigeria (CBN) has disclosed plans to establish the International Finance Centre at Eko Atlantic City before the end of the Second quarter of 2022. The Governor of Central Bank, Godwin Emefiele, who made this revelation said…
…Decision will yield economic growth —Adi Bongo …Retaining previous MPR expected —Prof. Uwaleke By Abimbola Abatta, Blessing Wika and Uthman Salami The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, said the Monetary Policy Committee (MPC) has retained…
