FG spends N8.94 trillion on debt servicing in nine months – CBN
The Federal Government spent N8.94 trillion on debt servicing in the first nine months of 2024, accounting for 47% of ...
Tag: CBN
CBN halts extension of export proceeds repatriation for exporters
The Central Bank of Nigeria (CBN) has issued a circular announcing the immediate suspension of approvals for the extension of ...
Court rules on jurisdiction in former CBN Gov. Emefiele’s trial, strikes out 4 counts
The Lagos State Special Offences Court in Ikeja has assumed jurisdiction to preside over allegations against former Central Bank of ...
Non-oil exports surge by 19.23% in October 2024, with Brazil and Netherlands leading as key destinations – CBN
The Central Bank of Nigeria (CBN) has reported that the country’s non-oil exports have increased by 19.23 per cent to ...
Inflows through IMTOs surge by 63.7% in nine months on CBN reforms
The Central Bank of Nigeria’s (CBN) latest quarterly statistical bulletin has revealed a significant 63.7% increase in international money transfer ...
CBN attributes exit of 1,000 Staff to digitisation, operational restructuring
The Central Bank of Nigeria (CBN) has confirmed the voluntary resignation of 1,000 staff members as part of a restructuring ...
FG’s deficit spending surges to N12.1 trillion amid revenue gains, rising debt pressure – CBN
The Federal Government’s deficit spending has seen a sharp increase, rising by 28% year-on-year (YoY) to N12.1 trillion in the ...
Money supply surges 51% YoY to N108.96 trillion amid rising debts – CBN
Nigeria’s Broad Money Supply (M2) soared by 51% year-on-year (YoY) to reach N108.96 trillion in November 2024, fueled by increasing ...
What 2024 “Detty December” taught us about Nigeria’s economy
Detty December, the month-long rave that turns Nigeria into a global party hotspot, has morphed into more than just a ...
Nigerians grapple with high PoS charges as banks’ ATMs remain empty
A few hours to the end of 2024, many Nigerians are now at the mercy of Point of Sales (PoS) ...
