OBINNA EZUGWU The Central Bank of Nigeria (CBN), has projected that the country’s inflation rate, which stood at 12.82 per cent in July, may rise up...
President Muhammadu Buhari on Thursday has directed the Central Bank of Nigeria ”not to issue a kobo” of the country’s reserves for the importation of food...
OBINNA EZUGWU Nigeria’s apex bank, the Central Bank of Nigeria (CBN) has faulted the Nigerian Economic Summit Group (NESG) for criticizing its policies, arguing that they...
Payment Service Banks (PSBs), are to maintain at least 75 percent of their deposit liabilities in the Central Bank of Nigeria (CBN) securities, Treasury Bills (TBs),...
Adebayo Obajemu The Central Bank of Nigeria on Friday released guideline for implementation of intervention facility for the national gas expansion programme. In the guideline, the...
Following the Central of Nigeria (CBN) announcement that it would resume the sales of dollar to bureau de change operator from September 7, Naira strengthened 7.37%...
OBINNA EZUGWU The Bank of America has said Nigeria’s currency, the naira is overvalued by about 15 percent, and will likely depreciate to N430/$1 next year....
Following the announcement that Central Bank of Nigerian will inject more liquidity into the foreign exchange market through the resumption of dollar sales to the bureau...
Adebayo Obajemu According to CBN’s data, Nigeria earned N2.048 trillion from the petroleum industry from January to April 2020, rising by 8.59 per cent from N1.886...