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CENTRAL BANK OF NIGERIA
News and analysis about Central Bank of Nigeria
Adetilewa Adebajo, the Chief Executive Officer of CFG Advisory, has said that the Central Bank of Nigeria will need to focus on managing cost-push inflation after the fuel subsidy is removed.
Some market operators have said that companies might see declines in their first quarter 2023 earnings due to CBN's naira redesign policy.
The Central Bank of Nigeria revealed that the loan repayment ratio under the Anchor Borrowers’ Programme (ABP) is 53.39% or a total sum of N503 billion out of a possible N942 billion.
Black market FX traders have expressed their frustration over the recent cash scarcity crisis across the country
Nairametrics asked market operators to share their thoughts on Nigeria's upcoming presidential election and expected impacts on the stock market
Mr Taiwo Oyedele said Nigeria is one of the most cashless societies in the world going by cash in circulation relative to the country’s GDP.
The Central Bank of Nigeria (CBN) has threatened to investigate, arrest and prosecute persons spreading fake news about the naira redesign policy.
The Nigerian Army said the naira redesign policy of the Central Bank of Nigeria has mitigated the war on terrorism, as terrorists are now finding it difficult to access cash.
Currency outside banks fell to a record low of N788.92 billion in January 2023, according to data from the Central Bank of Nigeria.
The CPPE has called on President Muhammadu Buhari and the CBN to give the currency swap process a human face.
A petty trader, Mrs. Bolade Inuwa, has narrated how she was spared huge embarrassments and inconveniencies in the wake of the recent policy pronouncement on the redesign of select denominations of the national currency – the Naira
Nigeria's dollar inflow dropped to a five-year low of $16.93 billion in the third quarter of 2022, a 43.9% fall from the $30.18 billion recorded in the same period of 2021 and a 13.2% decrease from the $19.5 billion received in the preceding quarter.