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Monday, September 28, 2020

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...
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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...
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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...

CBN Unveils Guidelines for Non-interest MFBs

The Central Bank of Nigeria (CBN) has  released a draft guidelines on the regulation and supervision of non-interest (Islamic) micro finance banks (MFBs) in...

Japan seeks pact with Nigeria on infrastructure investments

To deepen financial intermediation and technology supply for infrastructural development in the country, the Japanese government has expressed interest in partnering with the Federal...

FG to inject N350b quarterly into economy

Finance Minister Mrs. Kemi Adeosun has unveiled the Federal Government’s plans to inject N350 billion into the economy quarterly to stimulate growth. Speaking on Sunrise,...
Godwin Emefiele CBN Governor

CBN: anti-inflation policy sucks N663bn from banks

With the reversal of its monetary policy easing previous month Central Bank of Nigeria, CBN, has deployed monetary instruments freezing about N663 billion in...

CBN Records N123bn Operating Surplus

The Central Bank of Nigeria’s (CBN) Consolidated and Separate Financial Statements for the year ended 2015 released on Wednesday showed that its net income...

FG eyes 87% rise in non-oil income

The Federal Government expects its non-oil revenues to double this year as it seeks to offset a slump in oil revenues, according Reuters report. Funding...
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Can Nigerian Banks Save the Real Sector?

There is no gain saying the fact that banking sector is the nerve centre of any economic that aspires to stand tall among its...