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CBN
The House of Reps has urged the CBN to reinforce the use of coins as a legal tender and ensure that banks comply with the use of coins to the fullest.
The CBN governor has said that the commissioning of the Dangote Fertilizer Plant is timely, amid the price increase in crude oil and fertiliser since the Russia-Ukraine crisis.
The Central Bank of Nigeria has agreed that increasing oil thefts on the economy is affecting the accretion of the country’s foreign reserves.
Despite warnings by the IMF for it to slow down on its credit intervention programs, the CBN has inisted that its interventions grow the economy.
The CBN governor has stated that the apex bank has disbursed over N1.3 trillion to support the provision of power supply to Nigerians in the last five years.
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 Monetary Policy Committee of the CBN has voted to hold all monetary parameters constant, keeping the benchmark interest at 11.5%...
Nigerians are waiting for details of how the CBN would swing interest rates, among other things, as the 284th meeting of the MPC begins.
Out of N134.67 billion disbursed to 37,273 AGSMEIS beneficiaries, 33% went to 12,511 female beneficiaries.
The CPPE says the increase in overall price levels of items is at odds with inflation figures issued by the National Bureau of Statistics (NBS).
The Central Bank of Nigeria (CBN) in collaboration with the Bankers' Committee has introduced cash collection centres called Bank Neutral cash hubs.
While the CBN appears to be taking the right steps in developing its CBDC, incentivizing the population to switch from crypto to e-Naira has proven challenging.