Amid CBN probe of FX defaulters, sales of FX to banks fall to $1.65 billion in August 2021
The Central Bank of Nigeria's total foreign exchange sales to authorised dealers (deposit money banks) declined to $1.65 billion in ...
Tag: Monetary Policy Committee
Ghana hikes interest rate for the first time in 5 years. Will Nigeria follow suit?
For the first time since 2015, Ghana's Central Bank raised its benchmark interest rate, citing "significant" inflation risks as justification. ...
CBN’s MPC holds MPR at 11.5%, maintains all other parameters
The Monetary Policy Committee of the Central Bank of Nigeria has voted to retain the benchmark interest rate at 11.5%, ...
Falling trend of non-performing loans indicate increasing banking sector resilience – MPC
Non-performing loans in the banking industry fell to 5.70% in June 2021 compared with 6.4% in June 2020. This bearish ...
CBN reassures Nigerians of smooth FX supply
The Central Bank of Nigeria has informed the public that it has put in place monitoring measures to guarantee that ...
CBN disburses N156.33 billion to DisCos, others to boost power supply
The Central Bank of Nigeria (CBN) has disbursed N156.33 billion to Distribution Companies (DisCos) to boost electricity supply in the ...
Business confidence in Nigeria impacted by insecurity – CBN
The Central Bank of Nigeria has disclosed that the rising insecurity is affecting business confidence in Nigeria and overall economic ...
Why Egypt attracts more FPIs than Nigeria
Egypt’s high real interest is an upspring of combating inflation as far back as 5 years ago.
CBN says bank credit grew by N290 billion in 6 weeks as lending rates drop
The CBN has disclosed that the gross credit to the economy grew by N290.13 billion in about 6 weeks.
Total credit to the economy rose to N19.54trillion – CBN Governor
The CBN revealed during the MPC meeting that the total credit to the economy rose to N19.54tn as of the ...
