ABCON disagrees with those calling for naira devaluation

Association of Bureau De Change of Nigeria (ABCON) has argued that it is uncalled for to ask the Central Bank of ...

External reserves, CBN to hold MPC meeting next week, Demand for credit by household increases in Q2 2020 - CBN, CBN grants licenses to 3 Payment Service Banks, Mobile money loan CBN Governor, CBN, Three PSBs get Apex Bank’s provisional to commence operations, Milk Import: Experts advise CBN on FX restriction , CBN automates trading system, introduces electronic form to facilitate exports , CBN campaigns for Made-in-Nigeria products , CBN recent macroeconomic policies, others lead to a higher Fitch rating; from negative IDR to a stable ‘B’ rating, AGSMEIS: CBN expand beneficiaries to 14,638.

CBN says banks create N2 trillion new loans in 6 months

January 28, 2020

Central Bank of Nigeria's monetary policy committee has disclosed that banks have created about new N2 trillion loans in the ...

FG runs N1.14 trillion budget deficit in three months , Nigeria cannot beat ECOWAS single currency deadline, here’s why , Nigeria considers request for debt relief as debt stock climbs

FG records N1.14 trillion budget deficit in three months

by Titobioluwa Okunade

January 28, 2020

The Federal Government (FG) ran a deficit budget of N1.14 trillion in Q4 2019 compared to the N479.62 billion recorded ...

Currency outside banks drop to N788.9billion in January 2023

CBN Governor, Godwin Emefiele, reacts to devaluation of naira call

by Fakoyejo Olalekan

January 28, 2020

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has reacted to analysts’ projections concerning the devaluation of naira.

Why Emefiele’s interest rate policy is ‘great’

by Op-Ed Contributor

January 27, 2020

In Nigeria, one of the monsters that need to be faced head-on is the regime of high-interest rates and its ...

Amaechi proposes a capital budget of N205 billion for Ministry of Transportation in 2021, FG approves $3 billion Port Harcourt-Maiduguri railway and $462 million Bonny deep seaport, Banks to hold shipowners accountable for $200m CVFF disbursement. FG sets deadline for completion of Ibadan-Kano rail project, gives reason for delay

Banks to hold shipowners accountable for $200m CVFF disbursement

by Chidinma Nwagbara

January 24, 2020

The Minister of Transportation, Rotimi Amaechi has told banks to hold every beneficiary shipowner of the Cabotage Vessel Financing Fund ...

CBN reduces over-the-counter withdrawals to N100k, N500k per week for individuals, companies

CBN appoints, deploys directors

by Titobioluwa Okunade

January 24, 2020

The Central Bank of Nigeria (CBN) has announced the appointment and redeployment of some directors within its ranks.

Devaluation: Experts highlight trends clouding economy’s growth in 2020

by Bamidele Samuel Adesoji

January 21, 2020

Financial experts and analysts say structural imbalances like revenue shortfall, development in the global oil market and CBN policies among ...

Analysts explain when, why CBN could devalue naira by 5-10%

by Nairametrics

January 20, 2020

The report explains why a 5-10% devaluation of the naira is plausible amidst the CBN's recent monetary policies.

NEF and FACAN sign MoU to access $5 billion Chinese Fund for entrepreneurship

NEF, FACAN sign MoU, to access $5 billion fund for entrepreneurship

by Titobioluwa Okunade

January 17, 2020

MoU to access $5 billion provided by the Chinese government for entrepreneurship in Nigeria has been signed by NEF and ...

Tag: Central Bank of Nigeria