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CENTRAL BANK OF NIGERIA
News and analysis about Central Bank of Nigeria
Experts have warned that pegging the interest rate above the current 16.5% may rattle the economy with serious consequences
President Muhammadu Buhari wants the Nigerian Senate to convert an unpaid N22.7 trillion overdraft from the CBN to public debt
The Central Bank of Nigeria (CBN) has insisted that there would be no extension of the January 31 deadline for the return of the old N200, N500 and N1,000 notes to the banks.
Nigeria’s foreign reserves closed out 2022 at $37.1 billion, losing $3.43 billion compared to the $40.52 billion at the beginning of the year.
According to the NBS, inflation increased steadily throughout the year, rising from 15.6% in January to 21.5% in November
Nigeria’s money supply surged to N51.8 trillion in November 2022, representing a N7.97 trillion increase year to date
The Nigerian Senate has urged the CBN to extend the deadline on old naira notes withdrawal from 31st January to 30th June 2023
Credit to the Nigerian economy surged to unprecedented levels in November 2022, reaching an all-time high of N64.22 trillion
CBN said that the concentration of fintech companies in Lagos State is slowing down the development of fintech across the country
The Trade Monitoring System (TRMS) is an online digital platform designed by the Central Bank of Nigeria (CBN)...
The Atiku Presidential Campaign Organisation condemned the onslaught on CBN Governor Godwin Emefiele by disgruntled politicians
Net loans and advances increased by 3.19% to N3,023.61 billion as of June 2022