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Monday, September 16, 2019
Godwin Emefiele CBN Governor

CBN Gov, Auditor General Clash Over Audited Report

THE Central Bank of Nigeria, CBN, and the Auditor-General of Federation, AuGF,  sharply disagreed on the audited reports of Ministries, Departments and Agencies, MDAs,...

New Forex Policy: NSE Gains N354bn, Naira Stable

The Nigerian Stock Exchange All-Share Index on Wednesday posted the biggest return since the beginning of this year, as investors reacted positively to the...

Cowry Asset, Vetival Say Flexible Exchange Rate Policy Will Stabilise Naira

Two financial houses have lauded the flexible exchange rate policy adopted by the CBN, saying it would boost forex liquidity and stabilise the Naira. In...

Africa Inching Towards Debt Crisis – AfDB President

For African countries to continue to remain resilient, they must not get into a debt crisis, the President of the African Development Bank, (AfDB),...

CBN Bows To Flexible Forex Regime, As MPR Remains At 12%

The Central Bank of Nigeria (CBN) has retained its standard lending rate, the Monetary Policy Rate (MPR) at 12 percent but announced that there...

Stock Market Loses N35bn Over Negative GDP Growth

The equity market shed N35bn at the close of trading on the floor of the Nigerian Stock Exchange on Monday due to what analysts...

FX scarcity: $575m Airlines Ticket Revenue Trapped

As the crisis surrounding access to foreign exchange exacerbates, foreign airlines operating in Nigeria have in excess $575 million, as at the end of...

MPC May Review Exchange Rate Policy

The Central Bank of Nigeria’s Monetary Policy Committee will likely review the naira exchange rate regime by adopting a more flexible and market-determined rate...

Inflation, Forex May Top MPC Meeting Today

The Central Bank of Nigeria (CBN) has been under pressure lately to devalue the naira against the US dollar. Currently the naira exchanges at...
cbn

MPC: Experts Push For N275-N285 Exchange Rate, MPR Hike To 14%

FOLLOWING the introduction of a new fuel price regime by the Federal Government, experts have pushed for an upward review of the official ex­change...
Godwin Emefiele CBN Governor

CBN Disburses N55.46b To 24 Power Firms

The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele said N55.46 billion was disbursed to 24 power firms as electricity market...

Fidelity Bank Pledges Support For FG’s Housing Policy

Fidelity Bank Plc has restated its commitment towards supporting the federal government drive to bridge the housing gap in the country. Managing Director, Fidelity Bank...

Implications Of Nigerian’s Appointment To The Board Of IPSASB Consultative Advisory Group

For some time now, Nigeria has been in the news for the wrong reasons. If it is not about insurgency or kidnapping, it is...

FG, CBN to create N750bn agric intervention fund

The Federal Government said it will collaborate with the Central Bank of Nigeria, CBN to create N750 billion agriculture fund as part of its...

UBA Appoints Five New Executive Directors

The United Bank for Africa Plc, has announced the appointment of five executive directors, subject to the approval of the Central Bank of Nigeria...
cbn

CBN Policymaker Seeks Restriction Of Portfolio Investment- Report

Nigeria’s Central Bank should impose restrictions on short-term portfolio investment flows to prevent damage caused to Africa’s biggest economy if investors exit at short...

Foreign reserves down by $2.9bn in 1 year

Nigeria’s foreign reserves recorded the lowest drop in the last four years, according to data from the Central Bank of Nigeria (CBN). The records show...
cbn

CBN Wont Devalue Naira Now

There is no truth whatsoever in speculations that the naira has been devalued or that a devaluation is imminent, the Central Bank of Nigeria...

Naira Devaluation Inevitable, Rewane, Others Insist

The naira, which came under pressure last week following the partial deregulation of the downstream petroleum sub-sector, has to be devalued, with a flexible...
Godwin Emefiele CBN Governor

CBN Governor Donates to IDPs in Borno

The Central Bank of Nigeria, CBN, Governor, Mr. Godwin Emefiele, has joined other philanthropies in the country by donating 400 bags of locally produced...