Central Bank of Nigeria Archives

Nigeria’s external reserves hit 39mths high of $38.2bn—Emefiele

…As Emefiele says Foreign direct investment rising*** Governor, Central Bank of Nigeria( CBN) yesterday, disclosed that the nation’s external reserves have risen to $38.2 billion, the highest...

Banking & Finance7 years ago

2019: Perish your dreams, MASSOB tells Buhari, Atiku

…As CBN weakens naira to 307/dollar for first time*** The Movement for the Actualisation of Sovereign State of Biafra on Monday asked President Muhammadu Buhari; former...

NPA: Hadiza eyes harnessing Maritime Endowment through entrepreneurship

Economy7 years ago

TSA: $21.3m trapped in Heritage Bank, NPA tells Reps

…As FG, Chinese bank negotiate $4.92bn loan over 3,050MW plant*** About $21.3m of Federal Government’s funds held for the Nigerian Ports Authority by Heritage Bank had been trapped...

NECA cautions CBN on implementation of cashless policy

Economy7 years ago

CBN sells dollars at 305/dollar on spot market

…As 9 whistle-blowers fight over N850m Ikoyi cash reward*** The Central Bank of Nigeria on Tuesday sold dollars at N306 for the second time, after maintaining...

Presidency frowns at ‘revolution’ marchers, describes the organizers as faceless

Economy7 years ago

Anti-graft War: Buhari okays 2, 250 job slots for EFCC

…As Reps’ panel explains How DPR, CBN diverted $950m oil royalty *** As part of plans to beef up the anti-graft war, President Muhammadu Buhari has...

Economy7 years ago

N13bn Ikoyi cash: Whistle-blower may get N325m reward

…As Reps, MAN, Falana, others reject Morocco’s bid to join ECOWAS*** There were indications on Thursday that the man who informed the Economic and Financial Crimes...

Banking & Finance7 years ago

CBN expands Anchor Borrowers’ Programme, releases N45bn

…As Fed Govt plans $600m investment fund for solid mineral sector*** The Central Bank of Nigeria says it has formed strategic partnerships with agricultural commodity associations in...

Economy7 years ago

FG rejects Moody’s Sovereign Rating of Nigeria

…As China trade volume with Nigeria hits $8.94bn*** The Federal Government on Wednesday faulted the downgrading of Nigeria from B1 stable to B2 stable by Moody’s Sovereign...

Travel resumes across Europe amid hopes of economic recovery

Economy7 years ago

EU to enhance SMEs growth in Nigeria

…As CBN boosts forex supply with $195m*** The European Union (EU) says it will enhance Small and Medium Enterprises (SMEs) in Nigeria through forging of linkages and...

Economy7 years ago

E-payment transactions up 33% to N74.9trn in 2016 — CBN

…FG plans new oil, gas policies as oil production hits 2.1m bpd*** The Central Bank of Nigeria, CBN, said the total value of electronic payment (e-payment)...