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CENTRAL BANK OF NIGERIA
News and analysis about Central Bank of Nigeria
Nigeria spent a whopping $1.31 billion to cover external debt obligations in 2019, as external debt service payment accumulated to $3.95 billion in the last 5 years (2015 - 2019). Data obtained from the (@cenbank) reveals
The CBN has released a new report showing that Nigerians will distance themselves from purchasing luxury items like cars, houses and others.
The Central Bank of Nigeria (CBN) has released the Nigerian Payment System Risk and Information Security Management Framework.
The World Bank has disclosed that the growth of Nigeria’s agricultural sector is being dragged down by the attacks perpetrated by Boko Haram and herdsmen.
The country’s foreign reserves dropped by $4.45 billion from the $43.07 billion recorded in January 2019 to $38.61 billion in December 2019.
Zainab Ahmed has disclosed that FG is monitoring proceedings of the planned currency change which involves eight West African countries of ECOWAS.
The Central Bank of Nigeria (CBN) has stated its readiness to increase the number of bank account holders enrolled on the BVN System.
The Chartered Institute of Bankers of Nigeria (CIBN) has reacted to the decision by the CBN to slash withdrawal fees on Automated Teller Machines,
Global bond traders who invested in Africa as the continent’s sovereign dollar debt has generated total returns of 20% since the start of 2019.
CBN has disclosed that the total assets and liabilities of commercial banks in the country amounted to N41.42 trillion as at October ending.
The World Bank has said the protectionism ambition of the United Kingdom, the United States and China poses a threat to Nigeria’s economy.
The decision by the Central Bank of Nigeria (CBN) to ban many investors from the OMO auctions has had a huge effect on local bond yields.