Nigeria’s Economy Will Recover Soon, NNPCL, CBN, Minister Assure Nigerians
The main drivers of Nigeria’s economy met with the Finance Committee of the National Assembly yesterday and declared that the…
Tag: CBN
Cardoso: Non-Bank Financial Institutions Key to Regional Integration, Economic Stability
Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, yesterday, said Non-Bank Financial Institutions (NBFIs) of the West…
To Resolve FX Liquidity Pressures, CBN Orders Banks, IMTOs to Settle Diaspora Remittances in Naira
The Central Bank of Nigeria (CBN) yesterday directed Deposit Money Banks (DMBs) and International Money Transfer Operators (IMTOS) to pay…
Liquidity Pressure: Banks Borrow N3.76tn from CBN in Three Weeks
Following monetary rates tightening by the Central Bank of Nigeria (CBN), which has led to illiquidity in the banking system,…
With Inflationary Pressures Easing, CBN Says Monetary Policy Tightening Achieving Desired Results
*Price hike making food unaffordable, Abuja Chamber of Commerce laments The Central Bank of Nigeria (CBN) yesterday said with the…
CBN: No Plans to Revoke Additional Banking Licences
Following the recent revocation of the operating license of Heritage Bank Plc, the Central Bank of Nigeria (CBN) yesterday clarified…
Concerns As Senate Moves To Amend CBN Act
Some economists and policy analysts have expressed concern over the move by members of the National Assembly to amend the…
Buoyed by 93.62% Non-oil Contribution, GDP Grew by 2.98% in Quarter 1
*Oil sector contributed 6.38%, production rose to 1.57mbpd Nigeria’s Gross Domestic Product (GDP) growth rate slowed to 2.98 per cent,…
In New Regulatory Intervention, CBN Orders BDCs to Reapply for Operating Licences
The Central Bank of Nigeria (CBN) yesterday ordered all existing Bureau De Change (BDCs) operators in the country and promoters…
Again, CBN Raises MPR to 26.25% to Subdue Inflation
•Cardoso: Monetary tightening yielding desired outcomes, banking system safe, sound despite headwinds •Plans stronger regulatory framework for fintechs •NECA, •Teriba,…