ANALYSIS: Nigeria’s manufacturing sector still crawling
The manufacturing sector’s real GDP growth was 2.20% in Q2 2023, a 26.8% decrease compared to the 3.0% recorded in ...
Tag: CBN
Telecom companies accuse banks of politicizing N150bn USSD debt
Mobile Network Operators (MNOs) have decried political interference as a contributing factor to the ongoing impasse surrounding the non-payment of ...
CBN to JP Morgan: Your $3.7 billion estimate of Nigeria’s FX reserve is misleading
The Central Bank of Nigeria (CBN) has criticized JP Morgan's recent estimate of Nigeria's foreign exchange reserves, calling it a ...
BDCs hint forex market will begin to see, capture diaspora remittances
ABCON has assured that the Nigerian economy will begin to see and capture the diaspora remittances when the Central Bank ...
Lending-savings rate gap narrows by 1.62% in July
For June, the difference between the lending rate and savings deposit rate stood at 23.76%, this figure dropped to 22.14% ...
BDCs admits Fintechs, unlicensed online firms diverting diaspora remittances
Bureau De Change Operators in Nigeria have agreed with the acting CBN Governor that most transfers conducted by the International ...
Stanbic IBTC delays HY results, seeks CBN approval
The board of Stanbic IBTC Holdings Plc has announced a delay in the release of its Half-Year financial results as ...
Currency outside banks climbed by 3.94% to reach N2.26trillion
Money Supply statistics from the Central Bank of Nigeria (CBN) as of June 2023 showed that currency in circulation increased ...
Exchange Rate: Unification effort by the CBN is already yielding dividend – CIBN
CIBN praised the efforts by President Tinubu towards stabilizing Nigeria’s fx rate adding as the effort of CBN is already ...
States to use N5 billion palliative to fund rice and maize purchase from FG
The Governor of Kwara State, Abdulrahman Abdulrazaq, has said that the N5 billion palliative approved by the Federal Government to ...
