CBN: Confronting Inflation And Other Challenges, By Arize Nwobu
In confronting inflation and other economic challenges, the Governor Central Bank of Nigeria (CBN), Olayemi Cardoso recently cleared the air and noted that the present CBN management was not responsible…
MPC: Increasing MPR to 22.5%, CRR, to 45% will further worsen the economic situation – Obi
Feb. 29, 2024 The Presidential candidate of the Labour Party at the 2023 General elections, Peter Obi is of the opinion that the recent decision by the Monetary Policy Committee…
Naira redesign: We’ve so far received about N1.5 trn of old Naira notes – Emefiele
Jan. 24, 2023 …Says Jan. 31 deadline for notes swap remain The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, says the Jan. 31 deadline to stop…
Buhari To Unveil Redesigned Naira Notes On Wednesday – Emefiele
November 22, 2022 … Hikes monetary policy to 16.5% President Muhammadu Buhari will on Wednesday unveil the newly designed N1,000, N500 and N200 notes. This was announced by the governor…
CBN MPC Retains Rates At 11.5%
Sept. 17, 2021 The Central Bank of Nigeria (CBN’s) Monetary Policy Committee has maintained its key lending rate at 11.5 per cent, with the asymmetric corridor of +100 and -700…
FX: CBN stops sale to BDCs over unwholesome practices, to sell through Commercial Banks
July 27, 2021 The Central Bank of Nigeria (CBN) on Monday announced immediate discontinuation of sale of Foreign Exchange (forex) to Bureau de Change (BDC) operators in the country. Mr…
ABP: CBN has disbursed N554bn to over 2m farmers to boost food security since 2015 – Emefiele
The CBN says it has disbursed N554.61 billion to 2, 849,490 farmers to boost food security under its Anchor Borrowers Programme (ABP) beginning from 2015. In a communique issued in…
Improved crude oil prices, partial global economic recovery, others contribute to rise in Nigeria’s external reserves to $36.23bn
The CBN says Nigeria’s Foreign Exchange Reserves rose from 34.94billion dollars in November 2020 to 36.23billion dollars as at Jan 21, 2021. CBN Governor, Godwin Emefiele, said at the January…
COVID-19: CBN predicts negative economic growth in Q2
The Central Bank of Nigeria (CBN) has predicted negative Gross Domestic Product (GDP) growth for the country in the second quarter (Q2) 2020 owing to COVID-19 pandemic that had affected…
CBN MPC votes unanimously to hold rates, other parameters constant
The Monetary Policy Committee of the Central Bank of Nigeria has retained the Monetary Policy Rate at 13.5%. Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, disclosed this…