Why CBN monetary policy is not working – Economist
By Alex Enebeli Prof. Ken Ife, a Development Economist, says Central Bank of Nigeria’s monetary policy is not working because 80 per cent of the […]
monetary policy
Monetary Policy alone cannot solve FX challenges – Emefiele
In the face of rising demand for foreign exchange for goods, services, and other needs, the Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele […]
As eNaira launches, can Bitt Inc. deliver? By Peter Achalla
In the wake of the one year anniversary of the #endSARS protests and as the CBN launches eNaira on Monday October 25, 2021, Peter Achalla […]
Godwin Emefiele, Bitt Inc. and that lavish 60th birthday bash in Jamaica, By Onyema Dike
The Central Bank of Nigeria announced that it would launch its digital currency, eNaira on October 1, 2021. It did not happen. In a statement, […]
Stop de-marketing Nigeria’s economy – Senator Uba Sani
…. Urges Support for the CBN The Chairman of the Senate Committee on Banking, Insurance and other Financial Institutions, Senator Uba Sani has cautioned that […]
CBN retains MPR at 11.5%
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has agreed to retain the Monetary Policy Ratio (MPR) at 11.5 per cent […]
MPC: Inflation figure to determine stock market direction — experts
Stock market operators have predicted that mixed performance will be sustained on the nation’s bourse this week ahead of September Monetary Policy Committee (MPC) meeting […]
CBN announces Bitt Inc. as Tech. Partner for its eNaira
The Central Bank of Nigeria (CBN), has announced the formal engagement of the global Fintech Company, Bitt Inc., as the Technical Partner for its digital […]
Senate Committee: CBN debunks alleged non-remittance of surpluses
….Says 80% of surpluses remitted yearly By Haruna SalamiCentral Bank of Nigeria, CBN has debunked alleged none remittance of 80% operational surpluses into the Consolidated […]
CBN announces Bitt Inc. as Tech. Partner for its eNaira
The Central Bank of Nigeria (CBN), has announced the formal engagement of the global Fintech Company, Bitt Inc., as the Technical Partner for its digital […]
Banks refunded over N89bn to customers in June- CBN
The Gov. of Central Bank of Nigeria (CBN) Dr Godwin Emefiele on Thursday disclosed that at the end of June 2021, commercial banks in Nigeria […]
FOREX: CBN assures customers of banks’ compliance
The Central Bank of Nigeria (CBN) has assured bank customers that it would monitor commercial banks to ensure legitimate Foreign Exchange (FX) demands of customers […]
Abuja banks comply with CBN forex directive, sell dollar at N412
In compliance with the new Foreign Exchange (FX) regulation by the Central Bank of Nigeria (CBN), commercial banks in Abuja have set up dedicated teller […]
Don lauds CBN’s decision to stop forex supply to BDCs
Prof. Uchechi Ogbuagu, Department of Economics, University of Calabar, has commended the Central Bank of Nigeria (CBN) for stopping the supply of forex to Bureau […]
Forex: CBN directs commercial banks to set up teller points
The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMBs) to set up teller points in designated branches for the sale of Foreign […]
Forex: Financial expert urges CBN to exercise caution on BDCs ban
A Financial Expert, Mr Okechukwu Unegbu, has urged the Central Bank of Nigeria (CBN) to be cautious of its recent “blanket’’ ban placed on Bureau de […]
Bears resurface on NGX, indices down by 012%
Sentiments on the domestic bourse turned negative on Tuesday to halt the five consecutive days of gains, as the Central Bank of Nigeria (CBN) held […]
MPC: Expert urges strong policy to curb inflation, Naira depreciation
A Financial Expert, Mr Okechukwu Unegbu, has urged the Central Bank of Nigeria (CBN’s) Monetary Policy Committee to focus on policy decisions that would curb […]
NGX key market indices up 0.21%, ahead MPC meeting
The key market indices of the Nigerian Exchange improved further by 0.21 per cent on Friday, ahead of the Monetary Policy Committee (MPC) meeting. The […]
China’s 2021 CPI growth expected to stay below 2%
Yi Gang, governor of the country’s central bank, said that China’s average Consumer Price Index (CPI) growth for the year 2021 was expected to stay […]
Sri Lanka says COVID-19 3rd wave disrupting its economic recovery
The Central Bank of Sri Lanka (CBSL) on Thursday said that the country’s economic recovery was being disrupted by an ongoing third wave of COVID-19 […]
LCCI decries current inflation rates of 18.12% in Nigeria
The Lagos Chamber of Commerce and Industry (LCCI) has decried the current inflation rate of 18.12 per cent in Nigeria, saying it is still very […]
Digital money can facilitate remittances – IMF
Kristalina Georgieva, Managing Director, International Monetary Fund (IMF) says the world is witnessing a revolution in digital money that can make remittances easier, faster and […]
U.S. trade deficit hits record high in February
The U.S. trade deficit surged to a record high in February as the nation’s economic activity rebounded more quickly than that of its global rivals. […]
CBN disburses N1.487trn to boost food security
The Central Bank of Nigeria (CBN) says it has disbursed N1.487 trillion under its various agricultural programmes to boost food security. The CBN Governor, Mr Godwin […]