Central Bank of Nigeria Archives

Banking sector well positioned to support monetary, fiscal recovery efforts, says Emefiele

External reserves hit $43.2bn, says CBN

…As Fowler says 262 Nigerians paid N20bn over VAIDS in eight months *** The nation’s external reserves hit $43.2bn on March 6, 2018, data obtained from the...

Politics7 years ago

Nigerians are getting poorer, says IMF

…As Benue Govt confirms sacking of 5,000 residents by herdsmen*** Nigeria’s people are getting poorer despite the country’s slow recovery from recession and economic reforms are urgently...

Economy7 years ago

Petrol queues, power failure’ll persist without adequate pricing’

…As Buhari, Towards 2019 says: I have fulfilled on my major promises*** The Federal Government on Tuesday declared that it was important for the country to address...

Reps C’ttee asks FIRS to return N4.6bn to FCT

Banking & Finance7 years ago

Reps demand N800bn supplementary budget for fuel marketers

…As CBN bars banks with huge bad loans from paying dividends*** The House of Representatives is unhappy over the lingering scarcity of petrol in the country...

Politics7 years ago

Reps summon Emefiele, NDIC, BoI CEOs over N17bn NERFUND loans

…As FG spends N1.19tr to assist states pay salaries – Osinbajo*** An ad hoc committee of the House of Representatives on Tuesday summoned the Governor of...

Economy7 years ago

JAMB suspends worker over N36m swallowed by snake

…As Reps probe $5bn under remittance by CBN*** The Joint Admissions and Matriculation Board said on Sunday that it had suspended its employee, Philomina Chieshe, on account...

Banking & Finance7 years ago

Forex: Banks cancel commissions on PTA, tuition, medical bills

…As Buhari reinstates NHIS boss under probe for alleged N919m fraud*** Members of the Bankers’ Committee have agreed that banks in the country should stop charging commission...

Naira exchanges at N357 to Dollar, as CBN injects $210m into interbank Forex Market

Economy7 years ago

Naira to remain stable as dollar demand weakens

The naira is likely to remain stable against the United States dollar next week as demand for the greenback weakens whenever the unit trades below 360...

Politics7 years ago

Cattle Colonies: Southern states shun FG’s request for land

…As FG, NASS political deadlock threatens economic rebound — Report*** No state in the southern Nigeria has volunteered to provide land to the Federal Government to set...

Economy7 years ago

Special forex window, others attract N7.406tn investments to stocks

Nine months after the Central Bank of Nigeria introduced the foreign exchange window for investors and exporters, the equities market has witnessed an unprecedented growth by...