Banks’ credit to the government increased by 17.7 per cent, specifically N2.5 trillion, to N16.6 trillion as at April 2022 from N14.1 trillion as at January,...
Head of corporate communications at the Central Bank of Nigeria (CBN), Osita Nwanisiobi, dismissed rumours Godwin Emefiele, governor of the bank, was sacked by President Muhammadu...
BY EMEKA EJERE Those in the habit of engaging in money laundering through Other Financial Institutions (OFIS) such as Microfinance Banks (MfBs), Finance Companies, and Discount...
Agency report Nigeria’s external reserves dropped by $216.85 million within four days, buckling under the heightening inflationary pressure. This is according to the latest data from...
An official of the Central Bank of Nigeria (CBN), has urged traders to embrace the e-naira, noting that paper naira notes will soon be out of...
The total net credit by the Nigerian banking sector to the government increased by N2.2tn in the first quarter ended March 2022 to N16.32 trillion, according...
Nigeria’s external reserves increased by $243.83m in 19 days, data from the Central Bank of Nigeria (CBN) show. The apex bank’s data on movement in reserves...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained interest rates at 11.5 per cent. The apex bank disclosed this on...
BY EMEKA EJERE Expectations are high that the RT 200 Forex Programme of the Bankers Committee and the Central Bank of Nigeria (CBN) will achieve its...
