Nov 2021 MPR: CBN retains MPR at 11.5%, holds other parameters constant

CBN cautions microfinance banks against forex transactions and wholesale banking

The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has voted unanimously to retain the benchmark interest rate ...

Nigeria’s forex utilization falls 65% to $4.98 billion in Q1 2021

We will find you, force you to return dollars bought on false demand, CBN warns

by Abiola Odutola

September 17, 2021

The Central Bank of Nigeria (CBN) has stated that it will hunt Nigerians who buy forex for Personal Travel purposes ...

CBN health intervention fund gets new interest rate by March 2012, Nigerian banks’ non-performing loans drop significantly by 41% in 2019, External reserves decline by over 8% in 3 months, Nigeria’s external reserves increase by $1.36 billion in 13 days

CBN reassures Nigerians of smooth FX supply

by Ubah Jeremiah Ifeanyi

August 3, 2021

The Central Bank of Nigeria has informed the public that it has put in place monitoring measures to guarantee that ...

Nigeria’s manufacturing sector contracts for 5th consecutive month – CBN , To test FX market, CBN pumps $50 million, CBN issues guidelines to Finance Institutions on establishment of Subsidiaries and SPVs, CBN injects $2.63 billion to defend naira in one month, CBN’s COVID-19 N50 billion targeted credit facility, CBN’s heterodox policies buoys credit growth, These industries drove business activities in September, Credit to Nigerian economy falls to N38.67 trillion as private stagnates at N30 trillion, Availability of secured credit to businesses and households increases as unsecured credit to households dips in Q3 2020 - CBN, CBN releases regulatory guidelines on the eNaira

Business confidence in Nigeria impacted by insecurity – CBN

by William Ukpe

July 28, 2021

The Central Bank of Nigeria has disclosed that the rising insecurity is affecting business confidence in Nigeria and overall economic ...

parallel market, Covid-19: N3.5 trillion disbursed as stimulus package for the Nigerian economy, CBN Vs NESG: Waving the white flag for the benefit of Nigerians, Exchange Rate Unification: CBN devalues official rate to N380/$1, Nigerian banks have written off N1.9 trillion impaired loans in past 4 years, CBN sandbox operations, Stirling Trust Company Limited, Key highlights of the October 2020 Business Expectations Survey Report, A Total of N3.5 trillion was disbursed in the wake of the COVID-19 pandemic, in addition to several other interventions to reflate the economy - CBN, BOFIA 2020: Steps forward or backwards for Nigerian banks, Total credit to the economy rose to N19.54trillion – CBN Governor

Bank credit to private sector increases by N1.29 trillion in Q1 2021

by Samuel Oyekanmi

June 28, 2021

Total credit to the economy rose by N880.65 billion in the period under review, from N42.55 trillion as of December ...

CBN forex restrictions on food itemsCBN approves new cheque standard for banks, Banks complex documentation makes it harder to access foreign exchange for Nigerians

MPC votes to retain MPR at 11.5%, other parameters constant

by Samuel Oyekanmi

May 26, 2021

The MPC has voted unanimously to retain the Monetary Policy Rate (MPR) at 11.5%.

diaspora remittances, Total credit to the economy rose to N19.54trillion – CBN Governor, CRR debits, P-AADS, #EndSARS: CBN says funds in frozen accounts may be linked to terrorist activities, Covid-19: Court closures impacted revenue generation for courts - Emefiele, P&ID dispute: UK Court orders $200 million guarantee to FG, Leaked letter by Poultry Farmers Association triggered CBN emergency approval to import maize, nImplications of CBN's latest devaluation and FX unification, current account deficit, IMF, COVID-19, CBN OMO ban could give stocks a much-needed boost , CBN’s N132.56 billion T-bills auction records oversubscription by 327% , Nigeria pays $1.09 billion to service external debt in 9 months , Implications of the new CBN stance on treasury bill sale to individuals, Digital technology and blockchain altering conventional banking models - Emefiele , Increasing food prices might erase chances of CBN cutting interest rate , Customer complaint against excess/unauthorized charges hits 1, 612 - CBN , CBN moves to reduce cassava derivatives import worth $600 million , Invest in infrastructural development - CBN Governor admonishes investors , Credit to government declines, as Credit to private sector hits N25.8 trillion, CBN sets N10 billion minimum capital for Mortgage firms, CBN sets N10 billion minimum capital for Mortgage firms , Why you should be worried about the latest drop in external reserves, CBN, Alert: CBN issues N847.4 billion treasury bills for Q1 2020 , PMI: Nigeria’s manufacturing sector gains momentum in November, CBN warns high foreign credits could collapse Nigeria’s economy, predicts high poverty, MPC Member, BVN, Fitch, Foreign excchange (Forex), Overnight rates crash after CBN’s N1.4 trillion deduction, Nigeria’s foreign reserves hit $36.57 billion; Emefiele keeps his word on defending the naira, CBN to support maize farmers, projects 12.5 million metric tons in 18 months, BREAKING: CBN Upscales Greenwich Trust Limited, grants it's operational license for merchant banking, AGSMEIS: CBN expand beneficiaries to 14,638., CBN expands access to mortgage financing

CBN blames herdsmen and bandits for galloping inflation rate

by Samuel Oyekanmi

March 24, 2021

Emefiele while addressing the media on Tuesday stated that Nigeria's growing food inflation is caused due to worsening security challenges.

Why Emefiele’s interest rate policy is ‘great’

Why Egypt attracts more FPIs than Nigeria

by Ubah Jeremiah Ifeanyi

March 21, 2021

Egypt’s high real interest is an upspring of combating inflation as far back as 5 years ago.

MPC recommends CBN increase lending to government via Ways and Means

by Samuel Oyekanmi

January 27, 2021

The MPC urged the CBN to increase its lending to the government as it believes it will help reflate the ...

CBN retains MPR at 11.5%, holds other parameters constant

by Samuel Oyekanmi

January 27, 2021

In its first MPC of 2021, CBN votes to MPR at 11.5% and other parameters constant.

Tag: MPC