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CENTRAL BANK OF NIGERIA
News and analysis about Central Bank of Nigeria
The Central Bank of Nigeria (CBN) has announced the appointment and redeployment of some directors within its ranks.
Financial experts and analysts say structural imbalances like revenue shortfall, development in the global oil market and CBN policies among others pose very bleak outlook for the economy.
The report explains why a 5-10% devaluation of the naira is plausible amidst the CBN's recent monetary policies.
MoU to access $5 billion provided by the Chinese government for entrepreneurship in Nigeria has been signed by NEF and FACAN.
The Treasury Bills Auction of the Central Bank of Nigeria (CBN) that held last Wednesday was oversubscribed in spite of the low rates.
A thread on Twitter about the CBN and its “comatose” fiscal policies took a hilarious turn when it was accused of establishing a poultry farm.
Access Bank is set to establish a subsidiary in Cameroon, three months after acquiring a bank in Kenya. The Nigerian lender said it had finalised its expansion move to the Central Africa state, as it had received approval from the Central Bank of Nigeria (CBN).#ACCESSBANK,#CAMEROON,#CBN
The Central Bank of Nigeria (CBN) has postponed the first Monetary Policy Committee (MPC) meeting of 2020.
Indications suggest that the CBN would announce a recapitalisation plan this year as commercial banks start to prepare ahead of this move.
ABCON has urged the Nigerian government to be cautious of France’s involvement in the Eco currency matter.
Commercial banks borrowed N19.64 trillion from the Central Bank of Nigeria in 2019, indicating a 73% increase from the N11.36 trillion borrowed in 2018.
Nigeria received $17.57 billion in direct diaspora remittances in 2019. According to data published by (@cenbank), remittances rose by 56.4% when it increased from $11.23 billion within the same period in 2018 to $17.57 billion in 2019.